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.
With the Kimchi premium back in the South Korean market, the Bank of America (BoA) believes that the persistent premium is as a result of the government's capital flow control policy. Kimchi Premium Persists Because of Capital Flow Control According to Reuters on Tuesday (May 18, 2021), BTC price on...
Ethereum, the second-largest cryptocurrency by market capitalization, has seen increased interest from different countries globally, with the United States being the country with the most interest in Ether, followed by Germany and Turkey. Ethereun Sees Increased Retail Interest According to Finbold on Tuesday (May, 18, 2021), a research carried out...
The Iranian government has introduced a new policy against cryptocurrency miners who use household electricity for their mining activities. Iran to Crackdown on Illegal Mining Activities According to Tehran Times on Sunday, (Amy 16, 2021), a spokesperson for Iran's Ministry of Energy, Mostafa Rajabi Mashhadi, said that the government would...
In an attempt to debunk rumors about Tesla selling its bitcoin holdings, Elon Musk clarified that the company was still holding bitcoin. Tesla Still Holding Bitcoin Tesla CEO and SpaceX founder Elon Musk, has stated that Tesla has not sold any of its bitcoins. Musk made the clarification in response...
The Hong Kong Monetary Authority (HKMA) and the Digital Currency Institute of the People's Bank of China (PBOC), are looking to expand the testing of China's central bank digital currency (CBDC) for cross-border payments. Hong Kong and China Preparing for More Digital Yuan Trials According to Bloomberg on Thursday (May...
Money transfer giant MoneyGram would allow users in the United States to buy and sell bitcoin at its retail stores across the country. MoneyGram Enabling Retail Bitcoin Purchase In a press release on Wednesday (May 12, 2021), the company inked a partnership deal with major cryptocurrency cash exchange Coinme to...
A survey conducted by bitcoin financial services firm New York Digital Investment Group (NYDIG), revealed that about 46 million Americans have invested in bitcoin. Americans are Interested in Bitcoin According to Newsweek on Tuesday (May 11, 2021), the NYDIG survey sampled 1,050 U.S. customers who earned a minimum income wage...
Hungary may soon become attractive for cryptocurrency investors, as the government is considering reducing tax imposed on crypto trading in 2022. Hungary's Crypto Tax Reduction Could Attract Investors In a video posted on Facebook Hungary's Minister of Finance, Mihály Varga, the government official addressing the country revealed that there were...
Indonesia is mulling imposing tax on profits gotten from cryptocurrency trading, as the nascent industry sees exponential growth in the Southeast Asian country. Indonesia Could Impose Tax on Crypto Trading According to Reuters on Tuesday (May 11, 2021), an Indonesian tax official, Neilmaldrin Noor, told the news outlet that the...
Swiss multinational investment banking giant UBS Group AG is looking at ways to give its wealthy clients exposure to digital assets. UBS Could Offer Cryptocurrency Investment Service According to BNN Bloomberg on Monday (May 10, 2021), people knowledgeable with the matter told the news outlet that UBS is exploring different...
Elon Musk's rocket manufacturing company SpaceX has accepted dogecoin as payment to launch the DOGE-1 Mission to the Moon in the first quarter of 2022. DOGE Going to the Moon According to a press release on Sunday (May 9, 2022), a Canadaian-based Geometric Energy Corporation (GEC) announced that it paid...
Bank of England Governor Andrew Bailey has warned the British investment public not to be caught up in the current cryptocurrency hype adding that crypto investors should be prepared to lose all their money. The admonition comes as virtual currency prices, especially altcoins have been on a tear in recent...
Tesla CEO Elon Musk has advised that people should be wary when making cryptocurrency investments. Meanwhile, the billionaire is a well-known proponent of dogecoin. Elon Calls for Caution When Making Crypto Investment Tweeting on Friday (May 7, 2021), Elon Musk asked his over 50 million followers to be careful when...
With India's crypto regulations still undecided and the specter of a blanket ban continuing to loom large, one industry body has come up with regulatory recommendations that could benefit all parties. Cryptocurrency stakeholders continue to lobby India's government on the subject of the best possible path forward concerning virtual currency...
dCanvas, the world's largest collaborative art project, is set to make its limited edition non-fungible tokens (NFTs) accessible to the public. The company would release 256 limited edition non-fungible tokens (NFT) to in May 2021. dCanvas Offers 256 NFTs for Sale In collaboration with NFT marketplace site OpenSea, dCanvas is...
