In October, Venezuela will give its federal money, the Bolívar, a facelift. In addition to the restructuring, the central bank plans to establish its digital central bank (CBDC) – the digital bolivar. A new Bolívar Coin, banknotes of 5 to 100 Bs, is being launched by the Latin American country
An IRS Director says the agency has confiscated $1.2 billion in cryptocurrencies this year. It was up from $137 million in crypto seizures last year. Further, Jarod Koopman, Director of IRS Cybercrime, talked with CNBC on Wednesday. For tax evasion, fraudulent returns, and money laundering, the division utilizes crypto-tracking and
As Bitcoin was bullish over the previous month, developers and analysts also suggest that BTC will reach high. The “Bloomberg Crypto Outlook” reports of this month states that Bitcoin’s future will also be bullish and it may approach $100,000. Bitcoin has again reached around $40,000 this week since its downtrend
Cryptocurrencies are emerging and play a vital role in all fields and industries supporting large businesses as well. Many new entrants are jumping into the crypto space and are very eager to invest their assets into the digital market. Through this, numerous countries are also inspecting to accept the crypto
The leading oil explorer in Saudi Arabia recently claimed false and inappropriate gossip about the firm. The oil company, Saudi Aramco denies the rumors about the firm being involved in the minting of digital currency Bitcoin. The oil giant in Saudi reports the denial of the rising news that the
Bitcoin is evolving as a prominent asset in financial institutions. The probability of Bitcoin users is high in range and the trend of BTC has hit differently overcoming many challenges. The Bank of America has come up with the idea of adopting Bitcoin as legal tender in El Salvador as
In the crypto-space, many believe that Cardano is one of the best cryptocurrencies on the market. Some people even call it the “Ethereum killer,” although nobody ever liked it with Bitcoin. Although the gap between BTC and ADA is enormous, profitability is another element of the analysis. And Cardano seems
The most frequent head-to-head confrontation is BlockFi vs. Celsius Network when comparing the best interest accounts on bitcoin. The blue chips of cryptocurrency interest accounts are BlockFi and Celsius. The Big Banks, maybe most known of the Bitcoin industry’s bogeymen, are both on the leading edge of decentralization. The following
There have been almost six months since the CBN directed banks to stop serving customers in the bitcoin sector. While the approach appears to have succeeded in removing crypto companies from the banking system, peer-to-peer commerce has increased. Some analysts suggest that Nigeria remains unrivaled as the largest African bitcoin
GoldenTree decided to add Bitcoin to its Balance Sheet. GoldenTree, a New York-based with $45 billion under management. What kind of custody solution it will utilize, not yet revealed. According to a report by TheStreet, an American Asset management firm, GoldenTree has decided to add Bitcoin (BTC) to its balance
