Sat, November 22

Bitcoin (BTC) Tends to Trail Significant Stock Market Bottoms

Bitcoin (BTC), the dominant cryptocurrency in the global crypto market, typically lags significant stock market bottoms. According to Delphi Digital, a digital assets research platform, Bitcoin tends to bottom out at least six weeks before the Standard & Poor’s 500 Index (S&P 500 Index), a stock market index tracker.  According

December 22, 2022 2 mins read

British Columbia Shuts Down Power Supply for Crypto Mining

British Columbia, Canada, has halted new electricity connection requests from cryptocurrency miners for 18 months to promote the province’s climate action and economic goals. The government of British Columbia stated, the suspension will relieve the province’s power constraints while its main electricity distributor, BC Hydro, is given more time to

December 22, 2022 1 min read

Israel Orders to Seize the Assets from Blacklisted Crypto Wallets

Israeli Defense Minister Benny Gantz stated on December 18, 2022, that the Tel Aviv Magistrate’s Court issued a decision to approve the government’s seizure of all cryptocurrency from digital wallets supporting terrorist activities. On December 15, 2022, more than 150 digital Wallets were seized following the warrant issued by the

December 19, 2022 1 min read

Japan Plans to Abolish Tax Deployed on Native Tokens of Crypto Firms

On Friday, a member of Japan’s governing Liberal Democratic Party (LDP) announced that the LDP’s tax committee has endorsed a plan to exclude crypto businesses that issue their own tokens from paying corporation taxes on unrealized profits. The idea will be included in yearly tax policy guidelines presented to the

December 19, 2022 2 mins read

BlackRock Warns of Recession Triggering Economic Catastrophes

The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would

December 18, 2022 2 mins read

‘Stc Bahrain’ Telecom Provider Now Accepts Crypto as Payment

Stc Bahrain, a telecom provider in Bahrain, recently made a public announcement that it will begin accepting cryptocurrency payments. The firm has partnered with Eazy Financial Services, according to the announcement. Customers of Stc Bahrain may now use the Binance wallet to pay their invoices, according to the announcement. Cryptocurrencies

December 18, 2022 1 min read

Unified Crypto Policy Regulation Underway by G20 Countries

As India holds the rotating chair of the G20, the finance and central bank deputies convened in Bengaluru, India, from December 13-15. As India’s economic affairs secretary Ajay Seth said at a press conference on Wednesday, the G20 countries are working to develop a policy consensus on crypto assets in

December 18, 2022 2 mins read

Incoming UK FCA Chair Criticizes Crypto Sector Over Money Laundering

Following the demise of the FTX exchange. The crypto sector across the globe has been dealt with a stringent hand in terms of regulations. Incoming FCA chair Ashley Alder is the most recent person to comment on the sector. On December 14th, he warned MPs that cryptocurrency platforms enabled widespread

December 17, 2022 1 min read

BIS Now Permits Banks To Hold 2% of Reserves in Cryptocurrency

The Prudential Treatment of Cryptoasset Exposure Report, December 2022, was recently published by the Bank for International Settlements (BIS). According to the latest policy announcement, financial institutions may now keep 2% of their reserves in cryptocurrency. The new policy, which allows banks to store 2% of their reserves in cryptocurrency,

December 17, 2022 1 min read

OneCoin Co-founder Pleads Guilty of Wire Fraud and Money Laundering

On Friday, the US Department of Justice (DOJ) stated that Karl Sebastian Greenwood, an associate of “Cryptoqueen” Ruja Ignatova and the co-founder of OneCoin, had pled guilty to federal counts of wire fraud and money laundering in connection with the OneCoin scandal. U.S. Attorney Damian Williams stated: “As a founder

December 17, 2022 1 min read
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