Amid a rapidly increasing interest in cryptocurrencies, money from the stock market is starting to rotate into crypto, with 23% of respondents to a US poll declaring they or someone they know have sold stocks or bonds to invest in crypto, as indicated by data sourced by public opinion polling and data analysis firm…
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Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility,…
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An American bitcoin (BTC) owner attempting to fight the Internal Revenue Service over the seizure of his data from the Coinbase trading platform could be given the chance to challenge the tax body over the controversial move…. Read More: US Court Hints IRS May Have Violated Coinbase User’s Privacy Rights in Tax Audit Read…
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Some economic experts from Africa have suggested that the continent now needs a common cryptocurrency and an integrated capital market to boost trade and sustain growth. The Importance of a Common Crypto Experts on the African economy have argued that a common cryptocurrency along with an integrated capital market is needed to boost trade and…
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A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto. Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former Vice Chairman of the Jiangxi Provincial Committee of the…
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The amount of respondents who said they would be more likely to invest their money in crypto than traditional stocks increased 140% in just five months. New research by consumer data aggregator CivicScience has found that a growing number of investors are selling their shares to purchase more crypto. The research questions were sent to…
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Investing in crypto is a “fantastic hedge” against a bond market that will get destroyed once the US Federal Reserve stops its asset purchases, Dan Morehead, CEO of the crypto investment firm Pantera Capital, wrote in a recently published note. According to Morehead, the Fed’s actions since the onset of the pandemic has fuelled…
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The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector…. Read More: Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’ Read more »Pay,…
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The government of Australia is preparing to comprehensively regulate the activities of cryptocurrency exchanges and custodians. The push is part of a major overhaul, aimed at preserving the country’s sovereignty over its payments system, which will also affect providers like Apple and Google. Payment Laws in Australia to Cover Crypto Business and Big Tech Authorities…
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Competing systems for settlement of “multiple assets and currencies” may emerge, and it is the job of central banks to ensure the maintenance of “equitable access” to central bank-issued money, a new report from the Bank for International Settlements (BIS) has said…. Read More: Central Banks Test CBDC as ‘Multiple Assets and Currencies’ Coming…
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