The governor of Morocco’s central bank, also known as Bank Al-Maghrib (BAM), Abdellatif Jouahiri, has said that the country’s proposed bill on cryptocurrency is complete and would soon be given to interested parties. Jouahiri, purportedly speaking at a news conference. Stressed that the proposed law’s goal is to safeguard investors
Crypto miners were at risk due to the lengthy downturn market that was compounded by a slew of major disasters. Defaulted loans, quarterly losses, and record-breaking increases in Bitcoin hashrate were just a few of the problems miners were experiencing. There was selling pressure as a result of all these
Valkyrie Investments, the largest fund in the cryptocurrency industry, stated on December 28 that it had proposed to become the “sponsor and manager” of Grayscale’s Bitcoin (GBTC). Grayscale BTC is one of the biggest Bitcoin investment funds, which is now valued at 643,572 BTC ($10.6 billion). However, Grayscale’s Bitcoin Trust
In an interview broadcast on CBS on Sunday, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), discussed the IMF’s outlook for the economies of the United States, the European Union, China, and the globe. She stated: “This is what we see in 2023. For most of the world
Luke Dashjr, a Bitcoin developer and one of the core developers, claimed his PGP (Pretty Good Privacy) key was hacked. This resulted in the theft of nearly almost 200+bitcoins on Dec 31. On January 1, he tweeted that the developer had stated that the hackers had gained access to his
Nikolay Shulginov, Russia’s Minister of Energy, has acknowledged the growing demand for energy from cryptocurrency miners in certain regions of Siberia. Media agencies covering cryptocurrency said that he said that more power plants may be needed to accommodate demand. Although Shulginov did not provide details. It is evident that the
Russia’s interim leader between Vladimir Putin’s two terms as president Dmitry Medvedev claims that the Bretton Woods monetary system will collapse next year, bringing down the International Monetary Fund and the World Bank with it. This week, he shared his predictions for the year 2023 in a series of funny
To prevent a devaluation of the bolivar, the Venezuelan government plans to monitor P2P cryptocurrency transactions. On December 20th, Venezuela’s banking watchdog Sudeban said that, with the support of Sunacrip, the country’s cryptocurrency regulator, it is developing a system to monitor financial transactions in real-time. While specifics were lacking. The
This past Thursday, the Reserve Bank of India (RBI), India’s central bank, published its monthly Financial Stability Report (FSR) for the month of December. The 172-page report touches on topics including blockchain-based assets, CBDCs issued by governments, and decentralized finance (DeFi). The RBI report acknowledges the difficulty of attempting to
Robert Kiyosaki, the author of the book Rich Dad, Poor Dad, has highlighted the fundamental motivation for his investment in bitcoin. The famous author has speculated that limits imposed by the SEC would “crush” most other crypto tokens. Kiyosaki and Sharon Lechter wrote the book “Rich Dad, Poor Dad” in
