A business unit within Malta’s Chamber of Commerce has struck down allegations that the country failed to uphold proper regulatory oversight of cryptocurrency businesses in its early embrace of the industry in 2017 and 2018. The Virtual Financial Assets Agents Business Unit of the Malta Chamber of Commerce responded to a Sunday report from the …
Category archives: Trending Crypto news
If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?
In a recent interview with Lex Fridman, Charles Hoskinson — founder of Cardano and co-founder of Ethereum — offered his views on Bitcoin (BTC). The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin 2021 conference in Miami, comparing the whole …
PlanB Outlines ‘Worst Case Scenario’ for 2021 As Bitcoin and Crypto Markets Tumble
Bitcoin is once again moving to the downside – and it’s taking the altcoin market along for the ride. The pullback comes amid reports that China’s crackdown on Bitcoin mining has reached the major mining center of Sichuan. At time of publishing, BTC is down 7.6% in the last 24 hours at $32,981, according to …
Coinbase-backed Securitize secures $48M in Series B funding
Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize. According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital. Other participants in …
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Nvidia GPU prices in China fall amid crypto mining crackdown
Amid the ongoing crackdown on cryptocurrency mining in China, prices of graphic cards from major GPU providers like Nvidia and Asus are becoming more affordable. According to a Monday report by South China Morning Post (SCMP), prices of some graphic cards have tumbled as much as two-thirds on Chinese e-commerce platforms after Sichuan province terminated …
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El Salvador adopting Bitcoin could make it lose market dominance
El Salvador recently added Bitcoin as legal tender. In barely over a decade, an open-source, cypherpunk, radically new money system, with no publicly known creator and open to participation in both using and building from anyone in the world, has gone from zero value and branded as a tool for criminals to now being accepted …
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MicroStrategy expands company’s Bitcoin holdings with $489M purchase
MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million. Monday’s report takes MicroStrategy’s Bitcoin balance sheet north of …
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Crypto is the most dangerous investment, Bank of Russia governor says
The Bank of Russia continues its tough stance on cryptocurrency trading despite growing concerns over the country missing out on the digital asset industry. The governor of Russia’s central bank, Elvira Nabiullina, reiterated the bank’s negative stance on crypto in a Monday interview with Komsomolskaya Pravda, arguing that crypto is one of the most dangerous …
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Bank TSB set to bar 5.4M customers from buying crypto
United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of fraud associated with cryptocurrency transactions. Bank TSB has reportedly received a plethora of …
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Banks fall in line as China’s central bank cracks down on crypto accounts
The Agriculture Bank of China (AgBank) — the world’s third-largest bank by assets — is set to implement Beijing’s firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving crypto transacting, trading or mining. AgBank’s statement today followed the institution’s meeting with the People’s …
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Banque de France tests digital currency-based securities settlement
The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC). On Monday the bank officially announced the successful completion of a CBDC experiment with major Switzerland-based cryptocurrency bank SEBA. Conducted in collaboration with SEBA, Banque Internationale à Luxembourg, and Luxembourg central …
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Charles Hoskinson Highlights Key Differences Between Cardano and ‘Nice’ Competitor Polkadot
Input Output Hong Kong CEO Charles Hoskinson is sharing his views on how Cardano is different from its competitor Polkadot. In a new interview, Hoskinson tells artificial intelligence researcher Lex Fridman that Cardano (ADA) holds key fundamental advantages over blockchain ecosystem Polkadot (DOT). ADVERTISEMENT “The big contrasts between the two systems though, we actually …
Top Analyst Says He’s Investing in One Untapped Altcoin Amid Crypto Correction
Altcoin Daily host and crypto analyst Aaron Arnold is spotlighting a new under-the-radar altcoin, as the crypto markets continue to correct and Bitcoin trades around $35,000. In a new video, Arnold tells his 848,000 subscribers that he is investing in decentralized finance (DeFi) protocol Formation Finance (FORM). Formation FI is a cross-chain DeFi platform that …
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China’s 3rd largest bank ‘rugs’ BTC: 5 things to watch in Bitcoin this week
Bitcoin (BTC) is lower going into a new week’s trading — Monday has seen a test of levels below $33,000 and bulls are struggling. What could be next? With bullish short-term voices few and far between, it seems that cryptocurrency just isn’t of interest to investors right now. Against a backdrop of macro market uncertainty, …
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Former LA Dodgers owner earmarks $100M for blockchain-based social media
Frank McCourt, a billionaire real estate mogul and former owner of the Los Angeles Dodgers, is backing a new effort for a decentralized social media project based on blockchain technology. McCourt is investing $100 million into an attempt to reinvent the foundations of social media by building a publicly accessible database of people’s social connections …
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