Considering the growing popularity and craze for stablecoins in the global finance space, Hong Kong’s central bank, the Hong Kong Monetary Authority has shared plans for regulating the industry. On Wednesday, the banking authority released a discussion paper concerning cryptocurrencies and stablecoins. The paper highlighted various crucial pointers on strategies to be adopted by the …
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Content creators on BroadbandTV Corporation (BBTV) will soon be able to get paid in crypto. BBTV recently announced Pay to Crypto, a payment solution that lets creators get paid in Bitcoin (BTC), Ether (ETH), and USD Stablecoin (USDC). With the newly-launched solution, creators only need to choose a crypto asset and provide a compatible wallet address, and …
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Another domino is lined up to fall down the route to Bitcoinization. On Wednesday, the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender. In a series of tweets, Lord Fusitu’a, a former member of parliament for Tonga, released an ETA for Bitcoin becoming legal tender in Tonga. Copying El Salvador’s …
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Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is “in.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return. Bitcoin stayed broadly higher …
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The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan. Pakistan’s Sindh High Court reportedly held a hearing related to the legal status of cryptocurrencies in the country, in which several Pakistani authorities, including the SBP, submitted a document to the court, arguing that cryptocurrencies like Bitcoin (BTC) are …
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PayPal could create a dollar-backed stablecoin in the future, according to the company’s senior VP of cryptocurrency. PayPal could soon launch a stablecoin, according to recent statements from company executives. The news was first reported by Bloomberg on Friday, Jan. 7. In October 2020, PayPal began to allow U.S. users to buy and sell Bitcoin, …
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It is now the second day of moderate gains for the market as investor sentiment is starting to turn positive. This means great news investors looking for the best layer 2 crypto to buy as well. As investors are now hoping to pick their entries right and time the market, it is always important to …
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The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dollar since September 2021, leading many to turn to Bitcoin and Tether as alternatives. Turks ditch the lira, trading gold …
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Overview of 2021 Blockchain Funding Number and Amount of Funding Capital flowed into the blockchain sector at an unprecedented rate in 2021, especially after March. According to Footprint Analytics, there were 1,045 funding rounds last year, compared to 167 in 2020, an increase of 525%. In total, this generated $30.27 billion, up 790% compared to …
Investors in a non-fungible token (NFT) collection called Frosties, have been scammed for over $1 million after creators of the digital tokens absconded with their funds on January 9th. Frosties NFT investors lost $1.3 million According to available information, the collection had 8,888 NFTs, and its floor price was 0.04 ETH which is roughly over …
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Acclaimed video game maker Sega may not introduce NFTs over concerns they are a money-making scheme. Although some see gaming NFTs as an ideal use case for blockchain and cryptocurrency, gamers are starting to question the drive behind their proliferation. Skepticism over NFTs is nothing new, as typified by the reaction to the price of …
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According to a recent interview, trial lawyer Kyle Roche from the legal firm Roche Freedman LLP has started a tech startup called Ryval that aims to be “the stock market of litigation financing.” The firm plans to launch during the first quarter and allow people to leverage tokens in order to wager on civil lawsuits. …
Franklin Noll, an academic and monetary historian, has asserted that crypto can be both a security and a currency. Pointing to the history of U.S. money, Noll argues that being both a currency and a security is, in fact, not contradictory. The ‘Infamous’ Continental Dollar Coins Franklin Noll, a U.S.-based monetary historian, has asserted that …
N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondered whether focusing on cryptocurrency instead of going global may have been a better idea. The company closed operations in the U.K. and …
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As Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative …
