Tag Archives: Cryptocurrencies

The recent surges in the price of Bitcoin has spurred increased demand for the Chinese digital Yuan, according to the Chinese central bank, CNBC reported. Many central banks around the world are contemplating the idea of issuing a digital version of their currencies amid an increased demand for digital and …

Visa is set to allow using a cryptocurrency in settling transactions through its payment network, Reuters first reported. The process is starting with the U.S. Dollar (USD) Coin, known as the stable coin, through a pilot program in cooperation with the platform Crypto dot com, with plans for expansion with …

Cryptocurrencies are speculative assets and an unstable store of value, said the Chairman of the United States Federal Reserve, Jerome Powell, on Monday, noting that the Fed is not in a hurry to introduce its own digital currency, CNBC reported. “They’re highly volatile and therefore not really useful stores of …

Morgan Stanley became the first major bank in the United States to offer Bitcoin funds among its wealth management services, CNBC first reported. The decision reportedly follows on clients’ demand to invest in the cryptocurrency, which recently surged to new record highs supported by increased institutional demand. The new option …

Investment inflows into cryptocurrencies hit a record high of $4.2 billion during the first quarter (Q1) of 2021, according to data obtained by Business Insider. As expected, the largest digital currency in the world, Bitcoin, dominated the biggest share of these investment inflows with $3.3 billion, followed by Ethereum with …

A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources. The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets. The Indian government …

The Governor of the Bank of England (BoE), Andrew Bailey, said on Monday that cryptocurrencies are providing a modern way of payment, but not as currencies, Reuters reported. Bailey’s remarks came during an online event organized by the World Economic Forum’s Davos summit on Monday. “Have we landed on what …

New York has authorized a stablecoin backed by the Japanese Yen (JPY) to operate in the United States, the Coin Telegraph reported. The stablecoin is run by the Japanese firm GMO-Z.com. “We’re breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe …

EXMO gets hacked, about 5% of the total assets lost

The United States Federal Reserve Chair Jerome Powell said on Monday that it is more important for the US to get it a digital currency right than to just be first in the field. “We do think it’s more important to get it right than to be first and getting …