Sat, October 3

Search Results for: Cryptocurrency

Bitcoin HODL Reaches 5-year High Despite Bears Dominance

Since the beginning of 2017, a total of 7,495,059.588 BTC have been held in ‘HODL’.  Expert cautioned investors to hold off on buying BTC at the present time. As Bitcoin struggles to make a meaningful positive move this year, the cryptocurrency markets are putting investors to the test. It has

September 25, 2022 1 min read

CBK Believes Converting Kenya’s Reserves to Bitcoin Is Craziness

Studies have indicated that Kenyans are increasingly using or investing in cryptocurrency.  In a recent YouTube video, Njoroge questions the benefits of cryptocurrencies for the Kenyan economy. The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has called the notion of investing the nation’s reserves in bitcoin craziness.

September 25, 2022 1 min read

Russia’s MOEX Proposes Receipts For Digital Financial Assets

DFA receipts may be exchanged as securities as per the proposal. Those who aren’t ready to engage with distributed ledgers can benefit from this. In order to allow depositories to issue receipts for digital financial assets (DFAs). Russia’s primary equity and derivatives market has proposed new laws. Under the lack

September 25, 2022 2 mins read

Kraken’s New CEO Clears Stand on Registering With SEC

Jesse Powell stepped down and was replaced by COO Dave Ripley. Kraken does not need to file with the U.S. SEC as per Ripley. To the SEC’s dismay, Kraken’s new CEO has put forward the exchange’s stand. Kraken stated on September 21 that current CEO Jesse Powell will be stepping

September 25, 2022 2 mins read

Binance Announces Opening of Local Office in Romania

Changpeng Zhao (CZ), CEO of Binance, the largest cryptocurrency exchange in the world, announced the opening of a local office in Bucharest, Romania, while on a tour of Eastern European countries. In addition, beginning in the month of October, the trading platform’s customer assistance will be available in Romanian. The

September 25, 2022 2 mins read

China Accounts For 84% of All Blockchain Patent Applications

President Xi Jinping has helped spread the word about blockchain technology. A timeline for when these patent applications were submitted was not included in the data. The most recent statistics released by a Chinese government official show that 84% of all blockchain patent applications are submitted by China. However, China

September 25, 2022 1 min read

Robert Kiyosaki Declares the End of Fake Money

According to Kiyosaki, the largest crash in human history is about to happen. The previous week, Kiyosaki urged people to invest in real money,citing bitcoin, silver, and gold as examples. This week, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted about some of his opinions and financial teachings.

September 25, 2022 2 mins read

Iran Commences CBDC Pilot Dubbed ‘Crypto Rial’

The digital money issued by the Central Bank of Iran is termed “crypto rial”. Officials have also begun issuing crypto mining licenses. On Wednesday, the CBI of Iran declared that on Thursday, “the pilot launch of crypto rial” will commence, as reported by the Iranian Chamber of Commerce, Industries, Mines,

September 24, 2022 2 mins read

IRS Tightens Rules Towards Non-Tax Paying Crypto Users

IRS now has permission to examine unidentified individuals. Williams claims the government will use every available means to track down tax cheats. The United States is making further efforts to guarantee that its Internal Revenue Service (IRS) can properly collect cryptocurrency tax as the crypto ecosystem expands and trade volumes

September 24, 2022 1 min read

CFTC Announces Settled Charges Against bZeroX Protocol

In an unprecedented move, the CFTC also sued a related DAO. The Ooki DAO is accused by the CFTC of violating the regulations. Authorities are still cracking down on crypto. On Thursday, the CFTC announced settled charges against the creators of bZeroX, the business behind the bZx protocol. Tom Bean

September 24, 2022 1 min read