Bitcoin

Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation

March 25th, 2022

On March 23, Honduras’ central bank issued a clarification on crypto-assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal…

Bitcoin Shoots Past $44,000, Oil Giant Exxon Mobil Explores BTC Mining

March 25th, 2022

The world’s largest cryptocurrency Bitcoin (BTC) continues to show strength moving past $44,000. With this, BTC has extended its weekly gains to more than 8%. The recent BTC price rally comes amid renewed optimism from investors. Besides, geopolitical events are also adding fuel to the rally. On Thursday, March 24, Russia announced that it will…

Paris Saint-Germain Soccer Club Files Trademark Application to Get Into the Metaverse and NFTs

March 23rd, 2022

The PSG (Paris Saint-Germain) FC, a soccer club in Europe, has taken its first steps to build an online presence in the metaverse. The club has filed a series of trademark applications to register its name in order to offer a number of services, including software, memorabilia, and articles linked to non-fungible tokens (NFTs) for…

Japan Asks Crypto Exchanges to Comply With Sanctions Restrictions — Penalty Includes 3 Years in Prison

March 15th, 2022

Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry of Finance Ask Crypto Exchanges to Comply With Sanctions Restrictions Japan’s top financial regulator, the Financial Services Agency…

MiCA Amendments Proposed Last Minute Revive Threat of EU Ban on Bitcoin, Report Reveals

March 14th, 2022

Changes to the EU’s MiCA proposal to regulate crypto markets, suggested shortly before a vote on the package, indicate a bitcoin ban is still a possibility. Despite recently removing wording that would have prohibited coins with energy-intensive mining, some members of the European Parliament are now targeting “unsustainable” cryptocurrencies. New MiCA Paragraphs Call for Subjecting…

Crypto Exchange Kraken Pledges Over $10 Million to Support Ukrainian Users

March 11th, 2022

Kraken is planning to hand out more than $10 million in aid for clients affected by the military conflict in Ukraine. The amount covers the fees paid by Ukrainian residents in almost a decade and will also include those withheld from Russian traders in the first half of 2022. Kraken Exchange to Give $1,000 in…

Dubai Approves First Law to Regulate Digital Assets, Establishes Regulator to Oversee Crypto Sector

March 11th, 2022

Dubai has adopted its first law to regulate the crypto sector. It has also established a dedicated regulator to oversee crypto activities and related service providers. Crypto Sector Regulated in Dubai The emirate of Dubai has adopted its first law to regulate crypto assets and established a regulator to oversee crypto activities and regulate crypto…

Regulator in UAE’s Special Economic Zone Unveils Consultation Paper on ‘Crypto Tokens’

March 10th, 2022

The regulatory arm of the United Arab Emirates (UAE)’s special economic zone, the Dubai International Financial Centre (DIFC), has unveiled a consultation paper outlining its proposed regulatory regime for crypto tokens. Changes to the Draft Legislation The Dubai Financial Services Authority (DFSA), the financial regulatory agency of UAE’s special economic zone, the Dubai International Financial…

US Lawmakers Introduce Bill to Sanction Russia’s Gold

March 9th, 2022

Four U.S. senators are introducing a bill to place sanctions on Russia’s gold. “This legislation would deter the purchase of Russian gold and close this loophole that allows the Russian Federation to soften the financial impact of sanctions,” the senators explained. “By sanctioning these reserves, we can further isolate Russia from the world’s economy and…

Wharton Professor Urges the Fed to ‘Bite the Bullet’ and Defend the US Dollar — Warns About Bitcoin Taking Over

March 7th, 2022

A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar…