Sun, November 17

BitMEX Co-founder Cautions Against Spot Bitcoin ETFs

The ex-CEO and co-founder of BitMEX is warning that spot Bitcoin ETFs, should they become too popular, may “completely destroy” Bitcoin.  In a recent blog post, Hayes said that Bitcoin’s worth is due to the fact that “it moves.” Spot Bitcoin ETFs, on the other hand, are designed to “vacuum

December 25, 2023 2 mins read

Bitcoin Slips Despite Deadline Set for ETF Issuers by SEC

The United States Securities and Exchange Commission (SEC) has unveiled crucial updates on the eagerly anticipated approval process for spot Bitcoin exchange-traded funds (ETFs). The approval, expected in January 2024, has heightened speculation about the future trajectory of Bitcoin. The SEC has disclosed that the initial wave of potential spot

December 25, 2023 2 mins read

Crypto Firms Boost U.S Political Donations Amid Regulatory Scrutiny

Crypto firms are increasing their donations to U.S politicians at a time when the market for cryptocurrencies is being closely monitored by regulators in Washington. Some major participants are increasing their funding to help elect pro-crypto lawmakers and forward legislation that has stagnated in Congress. These include Circle, Coinbase, and

December 24, 2023 1 min read

Japan Eases Crypto Tax Burden for Businesses in 2024 Reform

The Japanese government adopted the framework for crypto tax reform for fiscal year 2024 at a cabinet meeting that took place on December 22nd. A major adjustment affecting firms holding crypto assets comes with this change. Corporations owning virtual currencies issued by third parties are no longer subject to the

December 24, 2023 1 min read

Nigerian Banks Embrace New cNGN Stablecoin in Addition to eNaira

Investors and the Nigerian economy stand to benefit from the new stablecoin, the cNGN, which is being developed and managed by a consortium of Nigerian institutions. Anonymous insiders within the project have confirmed that the cNGN token is linked to and supported by the Nigerian naira, the official currency of

December 23, 2023 2 mins read

Turkey Taps Specialist for Central Bank’s Crypto Policy Committee

The president of Turkey, Recep Tayyip Erdogan, has added Prof. Dr. Fatma Ozkul to the panel of crypto specialists. Fatma Ozkul, a professor specializing in blockchain technology and crypto assets, has been formally selected to serve on the Monetary Policy Committee of Turkey’s Central Bank. Moreover, the appointment of Fatma

December 23, 2023 2 mins read

Bitcoin Eyes Breaking Above $44K Mark as Bulls in Control

The cryptocurrency market is now experiencing an upswing due to the upcoming halving and the anticipation of a spot Bitcoin ETF. Surprisingly, Bitcoin has emerged unscathed from its 2022 slump, adding almost $530 billion to its market valuation with a 160% increase in value this year. There has been a

December 23, 2023 2 mins read

Nigeria Lifts Restrictions on Banks’ Facilitating Crypto Transactions

Constraints on Nigerian banks aiding cryptocurrency transactions have been removed by the Central Bank of Nigeria (CBN), almost two years after a complete ban on banks working with digital currencies was enforced. Moreover, the CBN acknowledged in a circular addressed to banks on December 22 that the rising worldwide demand

December 23, 2023 1 min read

China Turns Bullish on Crypto? Plans to Bring Regulations

China appears to be embracing the digital asset revolution, signaling a major shift in its stance on cryptocurrencies. Despite a strict crypto trading ban in 2021 that led to a market shack, the country is now expressing a newfound commitment to the development of the crypto industry. The Ministry of

December 23, 2023 2 mins read

Spain Witnesses Surge as 30 New Crypto Firms Registered in 2023

There was a significant increase in the number of crypto firms registered to operate in Spain in 2023. The official record, which is available as an Excel document on the website of Spain’s central bank, states that 30 businesses were licensed to offer virtual asset services in 2023. The number

December 23, 2023 1 min read