BIS Calls For Centralization Of Cryptocurrencies
Is crypto fragmentation really an issue for central banks and the BIS to rectify? No. It is completely beyond their jurisdiction, yet they have opted to make it their business. Now, BIS calling for the centralization of cryptocurrencies.
Russia Actively Discussing The Use Of Cryptocurrency In International Trade
The Russian tax office suggested in April that legal businesses in the country be allowed to receive Bitcoin and other cryptocurrencies as payment in international trade transactions. Now there’s further attention on it as Russia is actively discussing the use of cryptocurrency in international trade.
European Central Bank Calls For Crypto Crackdown, Says They’re “Based On Nothing”
In a recent Dutch television program, Christine Lagarde of the European Central Bank called for a crypto crackdown, saying that they are based on nothing and may hurt investors.
Miami’s Mayor Backed MiamiCoin Crypto—Then Its Price Dropped 95%
The 95% drop in the price of Miami’s mayor-backed crypto MiamiCoin has dampened the hopes of Miami’s city leaders and raised red flags for regulators looking into cryptocurrency transactions.
$1.2 Billion In Bitcoin Was Liquidated During Last Week’s Crypto Crash
$1.2 billion in Bitcoin was liquidated during last week’s crypto crash. It was not simply Bitcoin, clearly. The collapse of Terra amounted to a degree of market contagion, which hurt crypto markets in general.
‘I Lost My Life Savings’: Terra Luna Cryptocurrency Collapses 98% Overnight
The price of the Terra (LUNA) cryptocurrency has plummeted by over 99 percent, sweeping out crypto owners’ riches. Around one stage, prominent crypto market Binance briefly banned Terra (LUNA) network withdrawals, preventing even those who needed to sell from doing so.
Coinbase Warns Your Crypto Could Be Lost If We Go Bankrupt
Coinbase warns that your crypto could be lost if they go bankrupt. Following the announcement of the earnings, Coinbase shares tumbled 15.6 percent in after-hours trading.
California Governor Signs Executive Order Encouraging Bitcoin And Crypto Businesses
With the aim of exploring opportunities to deploy blockchain technologies to address public-serving and emerging needs in California, the Governor has signed an executive order encouraging bitcoin and other crypto businesses.
US To Double The Size Of Its Cryptocurrency Fraud Department
Crypto fraud reached a new high of $14 billion in 2021. Owing to this alarming fact, US is set to double the size of its cryptocurrency fraud department.
This Crypto Analyst Warns Stock Market May Trigger Crypto Market Crash
A crypto analyst warns that the stock market may trigger a crypto market crash. The present macro factors indicate that a huge correction is on the way, which might bring digital assets down with it.