In a Newsweek survey conducted earlier on Monday from various states in the country, more than 42% of Texans will want the state to enact crypto-friendly regulations. According to the poll, the Texans advocating for the regulation of the crypto industry discussed the possibility of legalizing crypto. This poll comes when U.S. officials are debating…
The U.K. has resolved to explore the impact of Central Bank Digital Currency on its economy if adopted. The House of Lords on Monday inaugurated an Economic Committee to spearhead the inquiry, stating that the investigation is open to interested individuals who would like to put forward their ideas and contributions on the topic. This…
When declaring his formal intention to become Paraguay’s new president, Carlitos Rejala, revealed that he promises to make BTC an official currency of the South American nation if he becomes president. He made this disclosure via his official Twitter handle. Rejala Is A Top BTC Backer Rajala’s stint as the chamber of deputies saw him…
Having faced continuous scrutiny from regulators in almost all countries, the leading crypto exchange, Binance, has finally decided to have a central headquarters for its operations. The move will also enable the exchange to improve its relationship with regulators. Binance CEO told media reporters in a recent interview that “we must have a central entity…
Bloomberg News reveals that Square (a payment settlement company owned by Twitter CEO, Jack Dorsey) has joined a Sony, Red Hat, and IBM network to eliminate patent stealing in the crypto space. According to Bloomberg, the network was created sixteen years ago. Square’s legal adviser revealed that most crypto projects might be sued over intellectual…
According to various media reports, the Indian authorities have disclosed that it is more interested in earning tax from crypto players instead of banning the industry out-rightly. But, the sources also revealed that the authorities wouldn’t classify it as an asset category despite taxing the industry. Good News For Indian Crypto Players The news comes…
The crypto world shook with the announcement of El Salvador’s adoption of Bitcoin as the country’s legal tender. The effect of this development on El Salvador as a country is massive as life would change for everyone in the country. Its economy will however enjoy the highest percent of this change as the financial scene…
The Chairman of the Economic Financial Crimes Commission has called out the growth of cryptocurrency as something dangerous and a threat to the world economy. The EFCC is a Nigerian agency that monitors financial activities and investigates any fraudulent activities that may have occurred, including embezzlement. The chairman Abdulrasheed Bawa revealed the danger cryptocurrency poses…
ETH price surge has attracted interest from investors towards various ETH derivatives. Glassnode data shows that institutional investments in ETH futures reached new peak levels yesterday, surging past the previous peak level of $11.28B to $11.7B. Carry Trading And Ether Futures A top executive with n.exchange, Gustavo De La Torre, said that the value has…
In Australia, crypto exchange giants, BTC markets, and a local bank, Volt, have announced a partnership. The local bank will be volt users’ fiat managers for the local currencies. Users Can Perform Settlement Transactions Easily Users can perform settlement transactions on the country’s fast payment platform, the new payments platform. The exchange’s CEO said, “our…
As Bitcoin appears to correct in the price charts, the alt market registered mixed patterns. Tezos (XTZ) lost 1.8%, struggling to hold over its closest support at $5.26. MATIC dropped more than 4%, nearing the price floor at $1.38, regardless of reversal signs. Lastly, BitTorrent increased by 18.3% as it targets to explore the price…
Briefly – AVAX has struggled over the previous week. The crypto formed a declining wedge shape. 100 MA serves as the alt’s support. Avalanche (AVAX) had registered healthy surges over the past weeks, increasing by more than 200%. With these actions, AVAX attained a new high after battling for many months. The crypto project has…
