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The MAS has only authorized the use of digital payment tokens for 11 companies. He cited the demise of the cryptocurrency Terra (LUNA). This week’s ATxSG event in Singapore saw Singapore’s Deputy Prime Minister Heng Swee Keat caution regular investors against investing in cryptocurrency. The Deputy PM said, “Retail investors,
Dimon predicted that oil prices might rise from $150 to $175 a barrel. The CEO was emphatic in his warning that “wars go bad.” During a financial conference hosted by Alliancebernstein Holdings on Wednesday, Jamie Dimon, CEO of JPMorgan & Chase, warned of an impending economic hurricane. Dimon exclaimed, “It’s
Since the beginning of the crypto industry, Bitcoin has never left its position to any other cryptocurrencies. The impact that BTC has created in this crypto world is irreplaceable because of its structure and performance. Though the entire world knows that cryptocurrencies are volatile, Bitcoin made traders believe that investing
Bitcoin withdrawn from exchanges can be deposited in the bank accounts. As of now, the bank does not provide any direct crypto-based services. Towerbank, one of the top banks in Panama, has now joined the list of “crypto-friendly banks” that have voiced their support for Bitcoin adoption. Initially, this information
Users may buy, sell, and store large sums of Bitcoin and other digital assets. The platform’s data and applications are stored in the cloud. Blockchain Engineers, Developers, and Programmers are in great demand. As with its Bitcoin custody service, Fidelity is now providing comparable services for Ethereum. As the market
A green flag may be given to crypto payments for international trading. The first deputy of CBR thinks ‘usage within the country involves a high-risk factor’. Ksenia Yudaeva, First Deputy Governor of the Central Bank of Russia, made a statement in a press conference saying that Russia is not opposing
Many Central Bank Digital Currency (CBDC) initiatives will be under supervision. Ripple has attempted to enter the Indian market before. Blockchain Company Ripple is planning to create an office in the Indian city of Bengaluru. Ripple advertised a new position in Bengaluru: Senior Project Manager, Central Banks in the city.
BTC is the hedge against inflation. Trust and freedom can only help in developing the world. Tim Draper, a famous Venture Capitalist (VC) and Bitcoin advocate stated in 2018 that BTC will reach a $250K value by the end of 2022 or early 2023, and he sticks to those words
As inflation began surging up in late March, the growth of the global economy slowed down. The US Federal Reserve led by Jerome Powell chose to raise the interest rates to combat inflation and restore price stability in their economy. The interest rate hiked to its 22-year high and the
Tokens like NFT are included in the VDA’s definition regardless of their names. The government of India now levies a VAT of 18% on crypto exchange transactions. Guidelines on the scope of virtual digital assets are anticipated to be released ahead of the June 15 first due deadline for advance
