About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
Dubai authorities issued a warning against a digital currency called Dubai Coin, stating that the token never received approval from any official authority. Dubai Does Not Have an Official Digital Currency In a tweet on Thursday (Amy 27, 2021), the Dubai Media Office said that an unlicensed website was promoting...
Billionaire businessman and founder of diversified holding company Icahn Enterprises, Carl Icahn, has revealed that he is looking at getting into the cryptocurrency industry in a big way, with the possibility of investing up to a billion dollars in crypto assets. Crypto is Here to Stay In an interview with...
Nebraska has signed a bill into law that will allow financial institutions in the state to function as digital asset depositories. With the new state banking charter, institutions can offer cryptocurrency-related services to customers. Nebraska Following Wyoming's Lead According to a press release by Telcoin, a blockchain fintech company, Governor...
Bank Indonesia (BI), the central bank of the Republic of Indonesia, has joined other apex banks globally to explore central bank digital currency (CBDC), as the bank is planning to launch its digital currency amid a spike in online transactions. Meanwhile, South Africa is focusing on a feasibility study for...
Major IT and software development company Globant has become the latest institutional giant add bitcoin to its balance sheet. Globant Buys $500,000 Worth of Bitcoin The company revealed its bitcoin purchase in a document filed with the U.S. Securities and Exchange Commission (SEC). According to the filing, Globant purchased $500,000...
Following his earlier criticisms of Bitcoin's energy usage, Tesla CEO Elon Musk has met with bitcoin miners in North America to promote the use of renewable energy for BTC mining activities. New Bitcoin Mining Council Formed After Meeting Tweeting on Monday (May 24, 2021), Musk revealed that bitcoin miners based...
The Bank of Korea (BOK), South Korea's Central bank is looking to research the usefulness of launching a central bank digital currency (CBDC) through a mock test, although the apex bank is not keen on issuing a sovereign digital currency. BOK Testing Potential Use of Digital Won According to Yonhap...
The CEO of HSBC Holdings plc, Europe's largest bank and one of the largest financial institutions in the world, revealed that it is not planning to offer any form of cryptocurrency-related services to its customers. Bitcoin's Volatility a Problem for HSBC Speaking to Reuters on Monday (May 24, 2021), HSBC...
Andrew Bragg, an Australian Senator and member of the Liberal Party, believes that it is imperative to put robust cryptocurrency regulations in place in order to ensure that Australia stays ahead of the curve. Right Crypto Policy to Encourage Innovation Speaking to Sky News on Friday (May 21, 2021), Bragg,...
The Chinese government has doubled down on its anti-cryptocurrency regulations. Recent reports reveal that government officials called for a crackdown on bitcoin trading and mining activities. Another China FUD? In a meeting held on Friday (May 21, 2021), the Financial Stability and Development Committee of the State Council, headed by...
Statistics from Google search trends show a high level of interest in cryptocurrency from retail investors, with search interest reaching an all-time high (ATH) globally. Retail Interest in Crypto Skyrockets According to a tweet on Wednesday (May 19, 2021), a graph showed that more people were searching for the word...
Some top metal and mining companies have come together to trace cobalt used in electric cars with the help of blockchain technology. Tracing Cobalt With Blockchain According to an official announcement on Thursday (May 20, 2021), Switzerland-based commodity trading and mining company Glencore, along with leading miners Eurasian Resources Group...
A professor at NYU has argued in favor of Ether, the second-largest cryptocurrency by market capitalization, saying that it has a better chance of becoming a commodity than bitcoin. Ether Has a Brighter Future Than Bitcoin Speaking to CNBC on Thursday (May 20, 2021), Aswath Damodaran, a professor of finance...
Banking giant Wells Fargo, has become the latest financial institution in the U.S. to delve into crypto, as the bank is close to onboarding an actively managed crypto strategy for its rich clients. Wells Fargo's Wealthy Clients to Gain Crypto Exposure According to Business Insider on Wednesday (May 19, 2021),...
The National Bank of Egypt (NBE), Egypt's largest and oldest bank, has inked a partnership deal with blockchain-based company Ripple, to utilize the latter's digital payment solution, RippleNet, in order to facilitate cross-border transactions. NBE Uses RippleNet for Cross-Border Payment Settlements Ripple announced the partnership deal via a press release...
