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.
An official of the People's Bank of China (PBOC) stated that China's central bank digital currency (CBDC) would act as a backup for major players in the mobile payment sector like Alibaba's Alipay and Tencent's WeChat Pay. Digital Yuan to Ensure Financial Stability According to the South China Morning Post...
A research conducted by a consulting firm commissioned by the UK Financial Conduct Authority (FCA), showed that younger consumers in the country were involved in high risk investments such as cryptocurrencies. Young Consumers Invest in Crypto for the Thrills According to a press release published by the UK regulator on...
Data from Google search trends show a high level of interest for decentralized exchange (DEX) Uniswap in recent times, reaching its highest point since its all-time high (ATH) back in September 2020. Search for Uniswap Indicate Increased Interest The search for the word "Uniswap" on Google has surged since the...
Google search for Bitcoin in Turkey peaked following the crash of the Turkish lira. The drop in the lira's value came after the President of Turkey sacked the country's central bank abruptly governor. Bitcoin Search Surge Amid Lira's Decline Turkish President Recep Tayyip Erdoğan shocked local and foreign and local...
Anthony Scaramucci, founder of alternative investment firm SkyBridge Capital, while hailing bitcoin's performance, noted that the largest cryptocurrency by market capitalization was better than gold. Bitcoin Fits Role of Money as Technology In an interview on CNBC's Squawk Box on Thursday (Mar. 18, 2021), Anthony Scaramucci compared to gold and bitcoin,...
The Advertising Standards Authority (ASA), a self-regulatory advertising watchdog in the UK, has banned a bitcoin ad by cryptocurrency exchange, Coinfloor, for misleading a particular target audience. Bitcoin Ad Seen as Misleading and Socially Irresponsible According to an announcement on Wednesday (Mar. 17, 2021), the ASA upheld a complaint brought...
Encrypted messaging app Signal is now accepting cryptocurrency donations from users who wish to support the platform. Users Can Donate to Signal With Cryptocurrency In a tweet on Monday (Mar. 15, 2021), the non-profit organization behind the Signal app stated that it was accepting donations in bitcoin and other cryptocurrencies....
While uncertainties surround India's cryptocurrency industry with rumors about an impending ban on crypto ownership, the country's Finance Minister stated that the government was not going to block all options regarding cryptocurrency. To Ban Crypto or Not? Speaking in an interview at a conclave by India Today, Nirmala Sitharaman said...
South Korea's tax authority is targeting individuals who use cryptocurrency to conceal their assets as a way of evading tax payments. NTS Investigating Tax Offenders Concealing Assets Using Cryptocurrecy According to the Korea Herald on Monday (Mar. 15, 2021), the National Tax Service (NTS) clamped down on over 2,400 tax...
Avid proponents of Dogecoin (DOGE) and Litecoin (LTC) are likely responsible for crashing the website of a Canadian social platform after the company revealed its investment in DOGE and LTC mining. Dogecoin remains the quintessential meme coin amid social media backing by popular figures like Elon Musk and Mark Cuban....
The Kessler Collection, a Florida-based luxury hotel group, recently announced that it started accepting bitcoin along with other cryptocurrency assets as a payment method across all its hotels. The Kessler Collection Joins BitPay to Enable Crypto Payment According to Hotel Business on Wednesday (Mar. 10, 2021), the Kessler Collection became...
Major social media platform Twitter, headed by bitcoin proponent Jack Dorsey, has suspended the accounts of some influencers in the cryptocurrency space. Crypto Accounts Mistakenly Considered as Scams According to a tweet by popular YouTuber Tone Vays on Wednesday (Mar. 10, 2021), accounts belonging to a bunch of well-known crypto...
The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors. Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar. 8, 2021), the new bitcoin fund which aims to cater...
California-based digital assets financial services company, BitGo, received a charter to operate in New York as an independent and regulated custodian. BitGo Scores New York Trust Charter According to an official announcement on Thursday (Mar. 4, 2021), BitGo was granted the trust license under the New York State Banking law...
Lawmakers in the U.S. state of Kentucky recently approved a bill that would exempt cryptocurrency miners from paying taxes. Crypto Mining Tax Exemption Bill Receives Majority Support According to local news outlet the Lexington Herald-Leader on Tuesday (Mar. 2, 2021), the House Budget committee of the Kentucky General Assembly approved...
