The International Monetary Fund (IMF) took yet another anti-crypto stance, this time around, by warning El Salvador of its Bitcoin Legal Tender posing a potential threat to financial stability. In a statement published yesterday, IMF noted that while crypto offers eminent gains, but the use of Bitcoin legal tender may inflict economic harm upon the The post IMF Strikes Back! Warns El Salvador...
Matt Comyn, the CEO of Commonwealth Bank of Australia in a recent interview with Bloomberg revealed what he believes is the biggest risk with crypto today. Comyn said, given the rise of digital assets as the alternative investment sector, the biggest risk of crypto is "missing out." He explained, even though the crypto market is The post Commonwealth Bank CEO Warns About The...
The Direxion Bitcoin Strategy Bear exchange-traded fund has decided to run against the crypto bull and is planning to offer the shorting option to CME Bitcoin futures contracts, which is revealed in a filing with the Securities and Exchange Commission (SEC) yesterday. Nevertheless, the phrase ‘higher the risk the higher the return’ fits correctly for The post Dirextion to Offer US ETF Shorting...
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Germany’s North Rhine-Westphalia...
Anthony Scaramucci, the founder and managing partner of SkyBridge Capital argued Bitcoin’s supremacy, noting that anyone with knowledge of the crypto sphere, owns a piece of Bitcoin. In an interview with CNBC today, Scaramucci claimed that Bitcoin is going to be a “gigantic asset class”, further identifying it as “digital gold”. Scaramucci stated deep-pocketed investors’ The post SkyBridge Capital Founder identifies Bitcoin as...
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The Texas Ethics Commission proposed an exclusive framework for Cryptocurrency contributions yesterday, to further address and clarify the reporting requirements of political contributions made with cryptocurrencies like Bitcoin. The proposal mirrored the Federal Election Commission (FEC) and several other state commissions like the IRS and SEC’s treatment of cryptocurrency contributions and holdings as investments instead The post Texas Ethics Commission proposes pro-crypto law...
As the crypto market makes a steady recovery from the recent correction in total market cap, Fantom sees a meteoric surge in its DeFi and NFT marketplace adoption and moving from eight to fourth-largest blockchain by DeFi TVL-Total Value Locked. Both Fantom's FTM token and Yearn Finance YFI have recorded good gains following the expansion The post Fantom (FTM) Price Analysis: Old Resistance...
The upcoming CBDC report by the Treasury, the Fed, and other financial regulators will reportedly focus on imposing stricter regulations on stablecoins in lieu of an underlying and undetected risk factor. According to the New York Times, the Financial Stability Oversight Council holds the power to designate stablecoins as, systemically risky financial system, which in The post Fed Report’s regulatory overhaul designates Stablecoins...
Binance's regulatory woes have now...
Payment gateway giant, PayPal announced on Twitter that all eligible customers in the U.K. will now be able to buy, sell and hold cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, and Bitcoin cash through their PayPal accounts. We are delighted to share that all eligible customers in the UK can now buy, hold and sell #Cryptocurrencies The post Just-in: PayPal Starts Bitcoin and Other...
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On Monday, September 13, global brokerage firm Interactive Brokers announced launching a crypto trading facility in partnership with Paxos Trust company. As a result, the Interactive Broker Group will facilitate trading and custody of digital assets like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). The brokerage firm aims to offer its customers a unified experience with crypto trading. Thus, the...
Grayscale, the world's largest crypto asset manager made another compliance breakthrough as three of its independent crypto trust namely Litecoin Trust ($LTCG), Bitcoin Cash Trust ($BCHG), and Ethereum Classic Trust ($ETCG) became SEC reporting companies. Earlier, this year, the asset managers Digital Large Cap Fund ($GDLC) also became an SEC reporting company. The recent induction The post Breaking: Grayscale's Three Independent Crypto Trusts...
CoinDCX, a popular Indian crypto exchange has joined the Unicorn club after their latest funding round. Coingape reported earlier that the exchange was in talks with several investors to raise $120 million. It has raised $90 million in its Series C funding round giving it a valuation of $1.1 billion, making it the first Indian The post CoinDCX Becomes First Indian Crypto Exchange...
Grayscale CEO, Michael Sonnenshein is optimistic about Bitcoin ETF’s future in the US. He has commented saying that institutional investors who have their Bitcoin deposits in the GBTC funds are now insisting on an authorized ETF. Grayscale is now preparing to get the final approval from the government. Talking about the status of Bitcoin ETFs The post Michael Sonnenshein, Grayscale CEO says Bitcoin...
The veteran cryptocurrencies are back to maintaining their legacy! Bitcoin's first off-shoot Bitcoin Cash (BCH) has surged 28% in the last 24-hours making its entry back in the top-ten crypto list. As of press time, Bitcoin Cash...
Cryptocurrency industry veteran, Mike Novogratz has weighed in on the ongoing bearish market trend, noting amongst many things, the incomprehensible basis for some of the altcoins that were pumped in the past days. Novogratz, the founder and Chief Executive Officer of Galaxy Digital, a crypto asset management firm, specifically highlighted the bullish performance of Bitcoin The post BSV, XRP, DOGE, Price Run "Were...
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