The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities.” China’s central bank warned companies on Tuesday against assisting cryptocurrency-related businesses as …
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Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported Tuesday that they have received a notice from the exchange about the …
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Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will be able to offer their customers the option to buy, sell, and hold bitcoin. Furthermore, Allied will keep bitcoin on its balance sheet. Allied Payment …
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver will be the bureau’s new crypto expert and she brings “a wealth of digital currency …
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Bitcoin ETF applicants accuse the SEC of foul play
Last month, the Securities and Exchange Commission (SEC) delayed yet another Bitcoin ETF application, this time from Cboe Global Markets Inc. The U.S regulator said it would seek more public consultation on the matter before making a decision. That makes 13 Bitcoin ETFs currently pending approval, according to Market Insider. Some fund managers say this …
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Ripple CTO slams regulators as Barclays blocks Binance payments
Barclays UK customers have been blocked from transferring funds to Binance as the bank prohibited all credit and debit card payments to the exchange. Ripple’s (XRP) CTO David Schwartz turned to Twitter, calling for freedom of choice as the repercussions of the recent announcement made by the country’s financial watchdog keep unraveling. Pointing out the …
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Bitcoin Taproot Support Lags at 27% — Even Though Soft Fork Is Opt-in Supporters Beg Nodes to Update
On June 12, the crypto community celebrated the fact that the Bitcoin network locked in Taproot support in order to activate the largest upgrade the protocol has seen in four years. 24 days later, Taproot support via Bitcoin nodes has only reached 27.55% and upgrade supporters are pleading with the community to update their nodes. …
STASIS and Free TON DeFi Alliance Partners to Boost the Development of Free TON DeFi Ecosystem
sponsored Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone. The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be minted natively on Free …
Brazilian ‘King of Bitcoin’ Arrested for Involvement in Alleged $300 Million Fraud
Claudio Oliveira, owner of the Bitcoin Bank in Brazil and known as the ‘King of Bitcoin,’ was arrested yesterday for his alleged participation in a fraud scheme involving $300 million. According to inquiries from federal authorities, Oliveira faked a Bitcoin hack back in 2019 in which his company lost a significant amount of bitcoin. More …
Gold Spikes Higher as Fed’s Minutes Report Looms, Central Bank Bullion Purchases Begin to Swell
After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises After Data Shows Central Bank Gold …
Swiss bank UBS says Bitcoin is ‘unsuitable’ for institutional investors
‘Rich Dad, Poor Dad’ Author Robert Kiyosaki Says Cryptocurrency Could Outlast Fiat Robert Kiyosaki, the author of one of the top personal finance books of all time, stated that cryptocurrencies, gold, and silver, will triumph over an impending economic crash — the likes of which the world has never experienced. 2 min read → Go …
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New IOTA partnership eases out business woes in East Africa
Bosch Doubles Down on IOTA Data Marketplace One of the original participants of IOTA’s decentralized data marketplace, engineering and electronics monolith Bosch, has just upped the tempo with the 12th-largest cryptocurrency by market capitalization, explaining how its newfangled Internet of Things (IoT) device will play a vital role in the economy of the so-called “ambitious …
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$55 Billion Hedge Fund Firm Marshall Wace Planning Investments in Crypto Sector
Hedge fund firm Marshall Wace, with $55 billion in assets, is reportedly gearing up to launch a portfolio investing in the crypto sector. London-headquartered hedge fund firm Marshall Wace is planning investments in the crypto sector, the Financial Times reported Tuesday. Founded by Sir Paul Marshall and Ian Wace in 1997, Marshall Wace currently manages …
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Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla …
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India’s Finance Minister Says Crypto Bill Ready for Cabinet
India’s finance minister has provided a status update on the country’s cryptocurrency bill that the government has been working on. “We have done a lot of work on it. We have taken stakeholders’ inputs,” she was quoted as saying. Status of Indian Crypto Bill Indian Finance Minister Nirmala Sitharaman has provided a status update on …
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