China’s Blockchain Investment Growth Is Slowing Down

Beijing. The growth of China’s blockchain business expansion appears to be slowing, per a new report – a sign that the blockchain explosion of the past two years appears to be quelling. In October 2019, Chinese President Xi Jinping gave a speech where he called blockchain technology “an important breakthrough,” vowing that China would “seize the

Cuban President Talks Possible Adoption of ‘Convenient’ Crypto

The Cuban government is mulling crypto adoption as a means to fight back against financial turmoil, with crippling sanctions and the coronavirus pandemic fallout taking a heavy toll on the nation’s economy. Last month, the Congress of the Communist Party of Cuba (PCC) – the country’s central policy-making hub – put forward proposals that would involve

Joe Biden’s Trillion-Dollar Stimulus Bill Pushes Miami Mayor to Buy Bitcoin

Miami Mayor Francis Suarez has revealed that he bought bitcoin and ether right after the $1.9 trillion stimulus bill passed the Senate, heading to President Joe Biden’s desk to be signed.

ECB Chief Lagarde: Cryptocurrencies Prone to Money Laundering, No Intrinsic Value, Buy if Prepared to Lose all Money

The president of the European Central Bank (ECB), Christine Lagarde, warned that cryptocurrencies are prone to money laundering.

Crypto on the casino floor? Las Vegas resort partners with Gemini

Some Las Vegas casinos have only been allowed to return to full capacity this week. A Las Vegas casino-resort which aims to open for business next month has just partnered with major cryptocurrency exchange Gemini. In an announcement today, Resorts World Las Vegas said it would be allowing customers to use their Gemini wallets “to enhance the integrated resort experience.” President Scott Sibella said the move was part of an effort to integrate “innovative technology conveniences” across the resort. Gemini co-founder and CEO Tyler Winklevoss hinted that patrons would be able to convert fiat into crypto at the resort, meaning that some may have the ability to win at a casino game, then invest those funds into digital currency.

PayPal says its crypto efforts are producing 'really great results' on earnings call

PayPal’s CEO believes crypto assets are forging a more equitable and inclusive financial system. During PayPal's Quarter 1 2021 investor update call, president and CEO, Dan Schulman said digital assets had performed strongly for the company and that he believes crypto and central bank digital currencies will be a driving force in forging “a more equitable financial system.” Following the success of PayPal’s move to embrace crypto assets, much of the call centered around the firm’s recent and future plans for digital assets. “We believe the current technological underpinnings of our financial system will be substantially upgraded over the coming years,” Schulman said, adding this would help efforts to recover from the pandemic: “Both cryptocurrency and central bank-issued digital currencies can play a critical role in shaping a more inclusive recovery and a more equitable financial system.” The CEO stated the payments provider has an extensive crypto roadmap planned, noting its digital asset innovations will be pursued “in partnership with governments and in compliance with local, national and global regulatory frameworks.”  “We’ve got a tremendous amount of really great results going on tactically with our crypto efforts,” he added. The firm’s shares rose by more than 5% on Wednesday, April 5 in response to the earnings update, after PayPal revealed its per-share earnings had outperformed expectations by more than 20%, coming in at $1.22 each adjusted.

Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies

The president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013.

Former US treasurer joins Ripple board

“Blockchain and crypto will underpin our future global financial systems," said the new board member. Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors.  In an announcement from Ripple today, the company said Rios, who served as the US treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of the firm’s leadership team.

Coinbase to acquire skew crypto data analytics platform

Some of skew's institutional clients include One River Asset Management and Susquehanna International Group. United States’ cryptocurrency giant Coinbase has acquired institutional-grade blockchain data analytics platform skew. Greg Tusar, vice president of institutional products at Coinbase, announced the news Friday, stating that the new acquisition will help customers make more informed trading decisions using real-time data analytics. “We’re excited to integrate skew’s data analytics platform with Coinbase Prime, allowing our customers to track cryptocurrency spot and derivatives markets in real-time.

Uzbek presidential agency proposes legalizing domestic crypto trading

Uzbekistan wants to lift its ban on cryptocurrency purchases after barring residents from buying crypto in 2019. A major governmental agency in Uzbekistan seems to be rethinking its stance on cryptocurrencies. The National Agency for Project Management under the President of the Republic of Uzbekistan, or NAFT, issued an official document proposing several amendments to licensing procedures for crypto trading. NAFT proposed to officially allow local residents to conduct “all types of crypto exchange trades involving crypto assets and tokens in exchange for the national currency and the foreign currency.” The authority stressed that crypto investors would trade and invest at their own risk. The proposal also aims to establish processes for the registration, issuance and circulation of digital assets, authorizing licensed crypto companies in Uzbekistan to issue their own tokens.

Former gov’t official blames crypto mining for energy crisis in Kyrgyzstan

As the Kyrgyz government discusses raising electricity tariffs again, a former official says that crypto mining is a significant driver of the ongoing energy crisis. Amid growing concerns over the energy sector in Kyrgyzstan, a former government official has argued that cryptocurrency mining is a major factor driving the energy crisis. Daniyar Akmatov, former director of the state investment protection organization, the Investment Promotion and Protection Agency, addressed the challenges in Kyrgyzstan’s energy sector at a roundtable in Bishkek, local news agency Tazabek reported on Wednesday. The former official said that crypto mining is causing issues for the country’s energy sector, alongside other factors like the devaluation of the Kyrgyz som and poor promotion of energy investment. “Consumption of electricity due to cryptocurrency mining has increased and this has led to an energy crisis,” Akmatov said, adding: “The som is depreciating because of the rise in the dollar exchange rate, and Kyrgyzstan is an import-dependent country and tariffs also depend on it.” Kyrgyzstan President Sadyr Japarov recently proposed raising household tariffs for electricity as a way to address the ongoing energy shortage.

Demand for PayPal’s Crypto Services Torches Expectations, Says CEO Dan Schulman

PayPal president CEO Dan Schulman is revealing that demand for the online payments firm’s crypto services has significantly exceeded projections.

The Global Economy Comes Before Savers: ECB President Christine Lagarde Defends Negative Interest Rates

The European Central Bank President Christine Lagarde is keeping the central bank’s monetary easing policies unchanged according to her statements from a press conference last Thursday.

Biden’s proposed capital gains tax rise will hit only richest 0.3%

Only 0.3% of taxpayers in the US would be hit by higher levies on their investments under the new capital tax plan, a senior Biden administration official said. Following major sell-offs in cryptocurrency markets amid reports of United States President Joe Biden's capital gains tax rise proposal last week, the Biden administration defended nearly doubling tax levies for only the “very, very richest.” A senior Biden administration official claimed that only 0.3% of taxpayers in the US would be affected by higher levies on their investments under the new capital tax plan. “There’s increasing evidence that over recent years in fact many, many of the returns at the very top are what they call above-market rates of return, rents and so on.

Bitcoin Rebounds 8% After Correction Sparked By Biden Tax Plan

Today has seen Bitcoin's price recover somewhat, after reports of President Biden’s tax plan sent the cryptocurrency below $50,000 last week.

South Korean Prime Minister nominee to look into controversial crypto tax law

South Korea’s crypto tax law continues to face significant opposition from cryptocurrency proponents in the county. Kim Boo-kyum, recently nominated as Prime Minister by South Korea’s President Moon Jae-in, has said he will look into the country’s crypto tax law. According to a report by KBS World, the Prime Minister nominee is keen to ensure that there are no victims of the crypto tax law coming into effect in January 2022. Kim’s comments come amid growing opposition to the incoming crypto tax regime.

President Biden’s Tax Plans Spark Fear, Triggering a Bitcoin and Ethereum Price Drop

The speculation that US President Joe Biden’s administration will increase capital gains taxes sent shock waves in the crypto space as Bitcoin (BTC) and Ethereum (ETH) dropped amid fears that this initiative could limit investment in digital assets.

Crypto Is The "Best Kept Secret in the World," Says Former NYSE President

Former NYSE President Thomas Farley says that crypto is the best-kept secret in the world.

Biden ‘Tax Plans’ Speculations Spook Crypto Speculators

Joe Biden. Source: A screenshot, Instagram/joebiden Bitcoin (BTC) and altcoin markets are in red today, with with BTC dropping below the key USD 50,000 mark – in the wake of fresh tax-related speculations from the United States. The American President Joe Biden is reportedly set to unveil plans to enact sweeping new tax regulations, including changes to capital gains tax – which might affect

NYSE president is bullish on Coinbase listing and DeFi

Thomas Farley said traditional Wall Street banks made the Coinbase stock listing and innovations in crypto possible by largely ignoring the industry. Thomas Farley, president of the New York Stock Exchange, said the world of finance was "past the point of no return" on crypto following Coinbase's public listing last week. In an interview with CNBC’s Squawk Box on Thursday, Farley said he was excited to talk about developments in the crypto space such as Coinbase’s COIN listing on stock exchanges and decentralized finance, or DeFi.

Nifty News: NFTs for Trump-haters, carbon offsets, fractionalized CryptoPunks and more

Hit Trump where it hurts by buying his Tweets to help out charities, a new scheme to enable NFT purchasers to offset carbon emissions, and get yourself a piece of a Punk. A group of anon uni students has come up with a way to hit former President Donald Trump where it hurts: by using his Tweets against him to raise money for charities they believe he "despises." 'Strategic Meme Group Incorporated' has set up the website Drumpfs.io to sell Trump's tweets, at least as recorded by the Trump Twitter Archive.

TIME Magazine Planning NFTs Around Subscriptions, ‘Unique’ Access

On the Decrypt Daily podcast, TIME president Keith Grossman said crypto partnerships “just make sense” for the magazine.

Federal Reserve Bank President Says Bitcoin Is Clearly a Store of Value

The Federal Reserve Bank of Dallas president says bitcoin is clearly “a store of value.” Emphasizing the differences between cryptocurrencies, like bitcoin, and central bank digital currencies, he said the latter “won’t necessarily be a store of value.” Fed Bank Chief Calls Bitcoin a Store of Value The president of the Federal Reserve Bank of […]

Coalition of US Senators Press President Biden for a Fourth Round of Stimulus Checks

While Americans are still getting their third stimulus payments, discussions of tacking on a fourth round of direct payments to Joe Biden’s trillion-dollar infrastructure proposal have started trending.

US President Biden Pushes for More Stimulus, One Million ‘Plus-up’ Payments Go out This Week

US politicians are talking about stimulus again in order to bolster American jobs and President Joe Biden’s infrastructure plan.

Brazil’s Central Bank President Expects to Have News on a CBDC ‘Soon’

The largest country in Latin America could have its central bank digital currency (CBDC) soon, as the Brazilian central bank is taking steps towards creating it.

US Senate votes to confirm Gary Gensler as SEC chair

Gensler's confirmation comes almost three months after President Joe Biden first announced he was his pick for the SEC. Voting mostly along party lines, the US Senate confirmed the nomination of Gary Gensler to chair the Securities and Exchange Commission, or SEC. In a vote of 53-45 today, the Senate members confirmed the former chair of the Commodity Futures Trading Commission, or CFTC, to lead the Securities and Exchange Commission.

The Message Coinbase Embedded in Bitcoin’s Blockchain on Listing Day

Coinbase has immortalized its public listing on the Bitcoin blockchain by embedding a message about President Biden’s latest stimulus approval. 

Nvidia triples revenue forecast for crypto mining GPU sales

The California chipmaker says Q1 financials for fiscal 2022 are on track to surpass initial estimates with demand for crypto mining graphics cards on the rise. Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above the $5.30 billion forecast included in its previous end-of-year earnings call. This positive market performance has also extended to Nvidia’s graphics processing unit, or GPU, sector with the company raising its Q1 revenue estimate for its cryptocurrency mining processor, or CMP, product three-fold to $150 million. Indeed, as previously reported by Cointelegraph, Nvidia had set its initial forecast for crypto miner sales for Q1 at $50 million back in February. According to Nvidia’s press release, surging demand is at the heart of its optimistic outlook with Colette Kress, executive vice president and chief financial officer of the chipmaker adding: “Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean.

TIME Magazine Gets Into Bitcoin: Partners With Grayscale, Will Hold BTC on Balance Sheet

TIME Magazine will be holding bitcoin on its balance sheet, the company’s president has confirmed.

NYSE celebrates historic 'first trades' with NFT series

The NYSE’s NFTs will celebrate the first trades made in the shares of Spotify, Unity, DoorDash, Snowflake, Roblox, and Coupang. The New York Stock Exchange, or NYSE, has jumped on the NFT bandwagon by minting nonfungible tokens celebrating the first trade made in the shares of prominent US companies. In an April 13th announcement, NYSE’s president, Stacey Cunningham, described NFTs as a “new, fun way to mark the moment” of a company’s first trade on the NYSE. The first six NYSE NFTs commemorating the first trades for Spotify, Snowflake, Unity, DoorDash, Roblox, and Coupang, with Cunningham confirming “there will be many more NYSE NFTs to come.” The first NFTs are already listed on Crypto.com’s NFT marketplace, with the tokens hosting a 10-second video clip presenting information about the company’s first trade — including its time, date, and listing price. NYSE’s First Trade NFT for Spotify: Crypto.comNYSE’s announcement received a mixed response on social media, with Twitter user “Aaron” saying he “had to check the calendar just to make sure it wasn’t April 1st” upon reading the news. Infamous crypto Twitter troll “Bit Lord” was less political with his phrasing: “You clowns haven’t even listed $BTC, get off my timeline scammers.” Alex Gausman, the founder of nonfungible token fractionalization platform, NFTX, noted he could not find the contract address for NYSE’s tokens, adding: “That’s like the least cool/artistic thing ever.

Yellen & Global Tax Plan, Russian Crypto Consultation, Indian NFT Marketplace + More News

Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Tax news Janet Yellen will use her first major address as US Treasury secretary to argue for a global minimum corporate tax rate, as she makes the case for President Joe Biden’s

Bitcoin SV Features in Investment Summit Hosted by Sir Anthony Ritossa in Dubai

On December 8, 2020, Bitcoin Association Founding President Jimmy Nguyen gave a keynote presentation and hosted a panel discussion about the Bitcoin SV blockchain at Sir Anthony Ritossa's 13th Global The post Bitcoin SV Features in Investment Summit Hosted by Sir Anthony Ritossa in Dubai appeared first on AMBCrypto.

Former Apple Music exec joins crypto firm Ledger as head of NFT division

In his new position as Ledger’s vice president of NFTs, Brooks will be responsible for bridging the platform with the artistic community. Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets. According to a Friday announcement, Brooks will now head Ledger’s non-fungible token, or NFT, division as the company expands its support for the storage, display, management and security of NFT pieces. Brooks is joining Ledger after spending the last seven years with Apple Music, helping launch Apple Music and music radio station Beats 1 after Beats Music was acquired by Apple in 2014.

ECB to Announce by Mid-2021 Whether It Will Move Forward with CBDC Issuance

European Central Bank (ECB) President Christine Lagarde said that a decision on whether or not to launch a CBDC will be made by the middle of this year.

Spain Is ‘Close’ to Regulating Crypto-Related Ads in the Streets, Says CNMV President

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets.

Digital Euro Will Be Decided On Within Months: ECB’s Lagarde

The president of the European Central Bank, Christine Lagarde, said that the release of a digital euro will take at least another four years.

Digital Euro Summer, Enjin Filled With Millions, Biden's USD 2T Tax Plan + More News

Joe Biden. Source: A screenshot, Instagram/joebiden Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDCs news The President of the European Central Bank (ECB), Christine Lagarde, has stated that European Union finance chiefs could approve the launch of a digital version of the euro in

Oakland A’s Say They Plan to HODL Bitcoin, Will Use Gains To Sign Free Agents

Major League Baseball team Oakland Athletics says it’s looking to hold on to any Bitcoin it acquires from selling season suite tickets.   In an interview on Bloomberg Technology, Oakland A’s president Dave Kaval says they decided to accept Bitcoin for suite tickets because of a demand from fans.  “We have heard from our fans that […] The post Oakland A’s Say They Plan to HODL Bitcoin, Will Use Gains To Sign Free Agents appeared first on The Daily Hodl.

Digital euro could take four years, says ECB president Christine Lagarde

The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said. It could be a while before European Union gets a central bank digital currency, if it gets one at all. In a Wednesday interview with Bloomberg Television, European Central Bank President Christine Lagarde laid out the complex decision-making process with which the bank will determine the future of a digital euro. The ECB will soon release its analysis of eight thousand responses received from its digital euro consultation process.

New partnerships send Holo (HOT), Wanchain (WAN) and Origin Protocol (OGN) higher

Surprise NFT drops, new partnerships and sticking to the project development roadmap are the primary factors behind the rally in Holo, Origin Protocol and Wanchain. On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its US consumers to pay with cryptocurrencies when they transact with millions of its global merchants.

More Stimulus Coming? President Biden and Senate Democrats Press for Another $3 Trillion

On the heels of the last stimulus package, US President Joe Biden is creating more legislation that may lead to a massive $3 trillion package dedicated to domestic needs and infrastructure.

PayPal to start letting US customers pay in Bitcoin at global merchants

A checkout service will be implemented which waives transaction fees for purchases made using crypto, PayPal's president and CEO confirmed. Online payments giant PayPal will start to accept cryptocurrency as a medium of exchange at its millions of global merchants, the firm’s president and CEO revealed on Tuesday ahead of a formal announcement. News broke regarding PayPal’s rumored decision to accept cryptocurrencies early on March 30.

MLB team will HODL Bitcoin received from suite sales, says president

“We’re believers in [Bitcoin] and hopefully it continues to go up and maybe we can find some big free agents with some of the proceeds.” Dave Kaval, president of Major League Baseball’s Oakland Athletics, says the ball club will be HODLing any Bitcoin that fans pay for luxury seats at the team ballpark in the San Francisco Bay Area.  In an interview with Bloomberg on Friday, Kaval said no baseball fans had yet taken advantage of the opportunity to buy a full season, six-person suite for the home season for 1 Bitcoin (BTC) since the deal was first announced on March 15.

Pro Baseball Team the Oakland A’s Plans to Hold Bitcoin Obtained from Ticket Sales

The president of the American pro baseball team the Oakland Athletics (A’s) recently discussed the ballclub accepting bitcoin for full season suites on Bloomberg TV.

The MLB’s Oakland Athletics Plans to Hold Bitcoin From Suite Sales

The professional baseball franchise will hold any Bitcoin it receives for sales of its full season suites, says president Dave Kaval.

Microsoft President Says the World Is Best Served When Currencies Are Issued and Backed by Governments

Microsoft President Brad Smith says that “The world is best served when currencies are issued, backed by and regulated by governments.” He further emphasized that he is not a fan of encouraging the private sector to issue digital currencies.

Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments

Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.

Microsoft President on digital currencies: We’re not a bank and we don’t want to become a bank

With Facebook working on its digital currency project Diem, formerly known as Libra, the idea of a private entity issuing currency did not please many financial regulators.

Microsoft president says fintechs should leave currency to central banks

Microsoft president Brad Smith is not keen on the idea of technology companies issuing private stablecoins. For Brad Smith, president of the Microsoft Corporation, fintech firms have no business issuing private digital currencies. According to Bloomberg, Smith gave these remarks while speaking at an online conference organized by the Bank for International Settlements.

Russia's money laundering watchdog monitoring crypto to ruble transactions

Rosfinmonitoring has informed the Russian parliament that it is paying close attention to transactions involving the conversion of crypto to rubles. Russia’s Federal Financial Monitoring Service, or Rosfinmonitoring — the country’s Anti-Money Laundering body — is policing crypto to fiat transactions. The federal executive body responsible for AML oversight made this known while addressing the members of parliament on Tuesday, according to a report by Russian news agency Regnum. In a meeting with members of the State Duma Committee on the Financial Market, Herman Neglyad, deputy chief of Rosfinmonitoring revealed that the AML watchdog was working with commercial banks to police crypto to fiat transactions, stating: “Banks have already begun to pay attention to exchange operations, that is, when they see that an operation has come after the exchange of virtual assets for hard currency, they have already begun to evaluate them and actually inform us about these operations.” According to another Rosfinmonitoring spokesperson, the AML agency and the central bank are developing a framework to track suspicious crypto to fiat transactions. As a federal executive body, Rosfinmonitoring reports directly to Russian President Vladimir Putin.

The Turkish Lira Plunges Following Removal of a Central Bank Governor, BTC Searches up

The Turkish lira currency plunged by more than 10% on March 22 after the country’s President Recep Tayyip Erdogan unexpectedly fired Naci Agbal, the country’s central bank governor.

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months

While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, shared his analysis into the market performance of the four-largest publicly-traded mining firms — Marathon Digital Holdings, Riot Blockchain, Hive Blockchain, and Hut 8, each of which represent a market cap of more than $1 billion. Over the past 12 months, Shimron found the average return for shares in the mining firms to have been 5,000%, while BTC has gained 900% over the same period.

Putin Asks Russian Attorney General Office to Combat Illegal Cross-Border Crypto Transfers

The Russian President held a meeting with the attorney general’s office where cryptocurrencies came to the discussion table.

Diem co-creator leaving Facebook for Planet Labs

Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be "a journey of years and decades." Kevin Weil, the vice president of product at Facebook's digital wallet unit and one of the creators of the Libra token, now called Diem, will be leaving the social media giant. In a Twitter thread today, Weil said he would be leaving Facebook after almost three years to become the president of product and business at San Francisco-based space and analytics company, Planet Labs.

Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’

The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry.

Putin issues orders to combat ‘illegal cross-border transfers’ of digital assets

Russia is apparently preparing to scrutinize cross-border cryptocurrency transactions for potential illegal activity. Russian President Vladimir Putin has stressed the importance of developing additional measures to fight against illegal cross-border transactions of digital financial assets. Speaking at a board meeting of the General Prosecutor’s office Wednesday, Putin stated that “criminal elements have been increasingly deploying digital financial assets,” which needs special attention from the government. “There is one more point — quite new, but essential: we should take additional measures to suppress illegal cross-border movement of digital financial assets,” Putin said.

Survey says Americans could spend up to $40B from stimulus on Bitcoin

More than 60% of respondents said they would choose to invest their $1,400 checks in Bitcoin over stocks. Many Americans are expected to receive $1,400 checks following US President Joe Biden signing a $1.9 trillion stimulus package into law last week.

Oakland A’s Selling Suites for 1 Bitcoin: ‘Well Beyond a Fad’

Team president Dave Kaval drove the idea, and isn't worried about Bitcoin price fluctuations.

Will Joe Biden's Stimulus Plan Cause the US Economy to Overheat?

US President Joe Biden signed the USD 1.9trn coronavirus relief package on March 11.

Former SEC Commissioner Says Incoming SEC Chair Gary Gensler Could Withdraw Lawsuit against Ripple

Gary Gensler, who has been tapped by President Joe Biden to lead the Securities and Exchange Commission (SEC) as chairman, is awaiting the Senate floor’s final vote.

Goldman Sachs Says Customer Demands for Bitcoin Are Increasing

Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.

Blockchain.com Adds Former Obama, Clinton Staffers in Same Week

President Obama's former “fixer” is joining the board of Bitcoin wallet and exchange Blockchain.com.

Biden’s $2 Trillion Relief Package the Largest Stimulus Payments to-Date, Plan Showers Money on the Bureaucracy

On Saturday, politicians in the US approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400.

What Biden's $2 Trillion Stimulus Package Means for Bitcoin

President Biden’s $1.9 trillion COVID-19 stimulus package passed the Senate over the weekend—and another round of checks could send Bitcoin higher.

Biden’s SEC Chair Nominee Says Bitcoin and Crypto Are Transformative Technologies

President Biden’s pick to run the US Securities and Exchange Commission says Bitcoin and cryptocurrencies are triggering transformational change in the world of finance.

Biden’s SEC Chair Pick Gary Gensler Reveals Policies on Bitcoin and Crypto Regulation

Gary Gensler, President Joe Biden’s pick to lead the US Securities and Exchange Commission (SEC), has revealed his policies on bitcoin and other cryptocurrencies if confirmed as the SEC chairman.

US House Passes $1.9 Trillion COVID-19 Relief Package, $1,400 Direct Check Provisions Included

The US House of Representatives passed President Biden's $1.9 trillion stimulus bill this weekend.

Vice President of Nigeria Tips Cryptocurrencies To Challenge Traditional Banking

Following the ban on cryptocurrencies, Nigerian Vice President has predicted a radical shift in the financial system that could see digital assets emerge as frontrunners.

Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Be Regulated and Not Prohibited

In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets.

Blockchain and crypto will challenge current finance, Nigeria VP says

Yemi Osinbajo sees potential for crypto and blockchain. Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain.  “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine,” Osinbajo said on Friday during the Central Bank of Nigeria, or CBN, Bankers’ Committee Economic Summit.

Galaxy Digital co-president explains two things deterring institutional crypto buying

With a number of mainstream entities buying into Bitcoin, what's holding some back? In recent months, companies such as MicroStrategy and Tesla have picked up sizable positions in Bitcoin.

Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’

A speechwriter for former US President George W.

Federal Reserve Bank President James Bullard Confident Bitcoin Not a Threat to US Dollar

The president of the Federal Reserve Bank of St.

Ripple Executive Says Company Working With Central Banks To Develop Digital Assets

The vice president of RippleX James Wallis says Ripple is currently working with central banks on developing digital currencies.

Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point.

Firm in Portugal to accept Bitcoin for electricity bills

Some Portuguese residents will reportedly be able to pay for electricity in Bitcoin starting from February. Luzboa, a small energy trading company in Portugal, will soon start accepting Bitcoin (BTC) as payment for electricity. The company’s president Pedro Morais Leitão announced the news to Portuguese publication Expresso on Wednesday, stating that the new payment option should become available this month. According to the executive, Luzboa will create a Bitcoin wallet in the coming days, allowing residents to pay for electricity under a new payment system known as “Bit Spot.” According to Leitão, the firm plans to instantly convert received Bitcoin into euros to protect its business from unstable prices.

Akoin rolled out in $2B medical metropolis in Kenya

Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya. Akoin (AKN), the crypto project developed by Senegalese-American singer Akon, has completed the pilot rollout stage of its deployment in the Mwale Medical and Technology City complex in Kenya. As previously reported by Cointelegraph, the trial phase was launched back in November 2020 at the time of the AKN listing on the Bittrex crypto exchange. Following the success of the initial pilot, the Akoin crypto is now ready for full deployment in the $2 billion complex in July. Commenting on the success of the pilot program, Akoin President and co-founder Jon Karas revealed that the roll-out was received with “great enthusiasm.” Once fully deployed, AKN will reportedly be available for adoption among 5,000 hospital workers, 2,000 merchants, and over 35,000 residents of the MMTC.

Can Bitcoin Challenge the Dollar’s Global Supremacy? St. Louis Federal Reserve President Responds to Rise of BTC

St. Louis Federal Reserve president James Bullard is dismissing the notion that Bitcoin could be a threat to the US dollar’s global supremacy.

Barstool Sports Founder Dave Portnoy: ‘I Will Never Buy Bitcoin’

The Barstool Sports president said that Bitcoin is the only thing that doesn't go down—but he will never buy it again.

Microsoft has no plans to make Tesla-like move into Bitcoin, says president

Microsoft president Brad Smith did not exclude the possibility of the company putting Bitcoin on its balance sheet one day. Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith. In a Feb.

Microsoft Has No Plans to Buy Bitcoin at This Point, Company President Says

No new internal conversations within Microsoft about buying Bitcoin yet, despite Tesla's $1.5B purchase, said President Brad Smith.

Microsoft has no plans to invest in Bitcoin, says President Brad Smith

After Tesla’s $1.5 billion Bitcoin purchase, many in the crypto-community expected more Fortune 500 companies to soon follow suit.

Bitcoin More of a Gold Rival Than Actual Currency, Says St. Louis Fed President

According to the president of the Federal Reserve Bank of St.

People don't want a ‘non-uniform currency’ like Bitcoin, says Fed president

"It's going to be a dollar economy as far as the eye can see," said James Bullard. James Bullard, president of the Federal Reserve Bank of St.

Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

Online censorship has taken front and center since the sweeping ban of former US President Donald Trump from every social outlet he’s been a part of.

Demand for Bitcoin at JP Morgan Not There Yet, Says Bank’s Co-President

JPMorgan COO certain that the demand for bitcoin will be there at some point and the bank will get involved with the cryptocurrency.

JP Morgan Considers Getting Involved With Bitcoin If Demand Keeps Growing

According to its coo-president, JP Morgan will start supporting Bitcoin (BTC) when there is enough demand for the cryptocurrency.

JPMorgan will get into Bitcoin ‘at some point’, says co-president

JPMorgan co-president Daniel Pinto said that the current demand “isn’t there yet” for the firm to get into Bitcoin, but he is sure that “it will be at some point.” Major US investment bank JPMorgan Chase will eventually have to get involved in Bitcoin (BTC), co-president Daniel Pinto believes. The executive told CNBC Friday that JPMorgan’s decision to introduce Bitcoin services would depend on the client demand to trade Bitcoin.

Wall Street Embrace of Crypto Grows Closer as Employees Argue on Its Behalf: CNBC

On a Zoom call with traders in January, co-President Daniel Pinto suggested he was open-minded about bitcoin.

Argentina Is Starting to Think About a Digital Peso

Governor Raúl Jalil has submitted a formal proposal to President Alberto Fernandez to consider creating a digital peso for Argentina.

ECB President Christine Lagarde Says ‘It’s out of the Question’ That Central Banks Would Hold Bitcoin

The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency.

ECB's Lagarde says central banks holding Bitcoin is 'out of the question'

The ECB President gives the impression that central banks will avoided copying institutions in hoarding cryptocurrency. The head of the European Central Bank (ECB) thinks that central banks worldwide will not be holding Bitcoin (BTC) any time soon. In a conference call with The Economist on Feb.

ECB President Says Digital Euro Coming, Addresses Potential for Central Banks To Own Bitcoin

European Central Bank (ECB) president Christine Lagarde has confirmed a digital euro is in development.

ECB’s Christine Lagarde: Central Banks Holding Bitcoin is Out of the Question

It's "very unlikely" that central banks will ever hold bitcoin or other cryptocurrencies, said the President of the European Central Bank, Christine Lagarde.

Bitcoin Will Not Likely Be Held by Central Banks in the Future, Says ECB President Christine Lagarde

Christine Lagarde, the President of the European Central Bank, has once again made her stance on Bitcoin clear.

'Very Unlikely' Central Banks Will Hold Bitcoin: ECB President

European Central Bank President Christine Lagarde has not changed her mind about Bitcoin—an asset she previously described as “highly speculative.”

Why the Casino Industry Is Crypto’s Biggest Growth Market for 2021?

Casino Betting Coin President Ed Brennan on why crypto gambling coins are set to break out in 2021 I sometimes hear people compare the crazy swings they witness on the crypto markets to a casino.

Are central banks' policies behind Bitcoin's latest rally?

US President Joe Biden's administration is looking forward to fast-track its coronavirus relief plan with a third round of stimulus checks worth $1,400 for each US citizen.

US President Biden: ‘I’m Not Cutting the Size of the Checks’ for Fiscal Relief

The comments came after reports said the White House was considering reducing the size of its proposed stimulus package.