Vladimir Putin’s government has been stepping up attempts to circumvent financial restrictions. Those imposed by the US and other countries after the Russian invasion of Ukraine. The country’s central bank said they would let stock exchanges trade in cryptos. Overseas Payments in Cryptocurrency in Russia According to Reuters, Russia may enable cryptocurrencies for foreign payments. … Read more
On the 21st of May, Republicans in the U.S. House of Rep released a new bill that would restrict the Department of Labor from curtailing the investment options that are available to employees in retirement accounts. In addition, the bill would make it possible for citizens of the United States to incorporate BTC in the … Read more
If you are an online trader, investor or consumer the term website security might not be alien to you. Website security ensures protection against cyberattacks, something that has become very common as the world adopts more and more internet technology. As cyberattack increases so does reliance on security providing platforms. Claim Justice is one such … Read more
The Chief Executive Officer of the Commonwealth Bank of Australia (CBA), Matt Comyn, is certain that his institution will proceed with the second trial of cryptocurrency services on its mobile app once the regulatory ambiguity is resolved. Second Test On Crypto Trading Placed On Hold The CBA has decided to shelve its plans for a … Read more
Coinbase, the most popular cryptocurrency exchange in the United States, has begun rolling out Web3 app features to a subset of its app customers, including a browser and a wallet. They will be granted access to decentralized applications (Dapps) present on the ETH network. Some examples of these applications are OpenSea and Uniswap. Mobile App … Read more
Satoshi Nakamoto developed BTC to function as a decentralized substitute for the existing centralized financial system. However, the CEO of FTX, Sam Bankman-Fried, stated that he does not believe Bitcoin will ever become a viable payments network. Sam Bankman-Fried States Bitcoin Is Inefficient And Can’t Be Used On Large Scale In an interview with Financial … Read more
BTC is enjoying a dead cat bounce following its worst drop of the year. Bitcoin is currently trading at $30.5K, up from this week’s low of $25.3K. It has dropped drastically from its ATH of about $70K. So, how long will this recovery last? BTC’s Comeback The Bitcoin price has risen as speculators hurry to … Read more
In a recent announcement, the German Ministry of Finance said that private persons would not be required to pay tax when selling Bitcoin or Ethereum if they have owned either asset for more than one year. The rules regarding cryptocurrencies have undergone specific revisions thanks to the work of the German Ministry of Finance. The … Read more
Republicans Slowing Down Legislation On Stablecoin The Senate Banking Committee is now debating how to respond to the administration’s demand for stablecoin regulation; nevertheless, there is a significant party division about this issue. The Democrats on the Senate Banking Committee are concerned their Republican counterparts do not give the potential dangers posed by cryptocurrencies the … Read more
After disapproval over the adoption of Bitcoin as a legal tender by the Central African Republic, the IMF (International Monetary Fund) has shifted its focus to the CBDC of the Bahamas, the Sand Dollar. The agency has recommended that the country’s regulators conduct more supervision and provide more education for citizens. Apart from proposing that … Read more
