#cryptocurrencies News

CMCC Exchange now a Member of Hong Kong Cryptocurrency Union

Cryptocurrencies Getting Closer to the Threshold for Major Institutional Adoption, Says Morgan Stanley

March 18, 2021 by Adeniyi Olowoporoku at Bitcoin

According to the latest report from investment firm Morgan Stanley, cryptocurrencies are getting closer to becoming an emerging investable asset class. Crypto-Assets Highly Speculative but at a Major Threshold This was revealed in a new investor note handled by the Morgan Stanley wealth management unit dated Wednesday, March 17. The...

Bitcoin Trading Exploding in India Since Supreme Court's RBI Ban Reversal

India’s Internet and Mobile Association (IAMAI) Calls for Regulation not Ban of Digital Assets

March 10, 2021 by Adeniyi Olowoporoku at Regulation

The Internet and Mobile Association of India (IAMAI) has appealed to the government not to ban cryptocurrency. This appeal comes as reports continue to gather steam that the government intends to place major restrictions on cryptocurrency in the Asian nation. Crypto Regulation Key to Creating a Digital India According to...

Getting the most out of your Bitcoin as market corrections loom

Crypto Adoption Rate is Steadily Rising Compared to 2017

March 9, 2021 by Wayne Jones at Bitcoin

The Covid 19 pandemic fueled cryptocurrency adoption as other currency forms came crashing down as economies took a turn for the worst. Higher Crypto Adoption The crypto community capitalization is officially over with a modest 5.2% adoption rate from groups over all. For the first time, we can say that...

JPMorgan Survey Reveals 78% of Institutional Investors Unlikely to Invest in Cryptocurrencies

March 4, 2021 by Adeniyi Olowoporoku at Bitcoin

A recent report from JPMorgan has revealed that the majority of institutions are unlikely to invest in cryptocurrencies in the near future. This is despite the increasing awareness of cryptocurrencies within the traditional financial space. 78% of Institutions Have No Interest in Cryptocurrencies This development was revealed in a report...

Introducing the Concept of Storage Taxes in the Ethereum Ecosystem

Buying Cryptocurrency with USD Need not Be Reported to the IRS

March 3, 2021 by Wayne Jones at Regulation

According to the updated IRS FAQs, purchasing virtual currencies using USD is not necessarily reportable to the IRS. IRS Latest Update Virtual currency holders who bought the assets via fiat money were confused about whether or not to tick 'yes' on IRS' form 1040. The scenario only applies if the...

Thai SEC Begins Public Hearing On Proposed Cryptocurrency Regulations

Thailand SEC Allays Fears Over Controversial Crypto Proposal

March 2, 2021 by Adeniyi Olowoporoku at Regulation

Thailand Securities and Exchange Commission (SEC) has allayed concerns regarding some of the requirements in its crypto proposal draft plan. This was in response to the uproar from crypto stakeholders about certain aspects of the proposed crypto framework. Thai SEC Responds to Crypto Regulatory Controversy The crypto proposal draft released...

Construction Workers Pitching up a Sign that Says No Crypto

India’s Central Bank Cites Financial Instability Due to Cryptocurrencies

February 24, 2021 by Wayne Jones at Regulation

On Wednesday, Governor Shaktikanta Das said that India’s central bank has “major concerns” about cryptocurrencies. He flagged potential risks leading to financial stability. Crypto Adoption Woes The Reserve Bank of India (RBI) has been fundamentally opposed to cryptocurrencies ahead of the government’s plans to introduce a law to ban this...

One Step Backward: Central Bank of Nigeria (CBN) Prohibits Crypto Transactions

February 6, 2021 by Adeniyi Olowoporoku at Regulation

The Central Bank of Nigeria (CBN) has informed banks and commercial institutions to stop processing cryptocurrency transactions. This represents a significant blow for the county that has the largest bitcoin market in Africa. CBN Prohibits Crypto Trading The apex bank revealed this in a circular issued on February 5th, 2021,...

Switzerland Launches Three Months Consultation for Laws on Blockchain Technology

October 21, 2020 by Adeniyi Olowoporoku at Blockchain

The Switzerland government has initiated a consultation procedure for laws regarding blockchain and DLT technology. The consultation is set to last for three months and will help regulators reach a consensus on the future of blockchain in the European nation. Blockchain Laws at the Forefront of Consultation The development of...

Digital Euro Will Provide Alternative to Cryptocurrency, Says ECB Chief

September 23, 2020 by Adeniyi Olowoporoku at Regulation

The president of the European Central Bank (ECB) Christine Lagarde has extolled the benefits of a digital currency for the regional body. Lagarde made these statements at the Franco-German Parliamentary Assembly on September 21. Digital Euro to Co-exist with Fiat Currency The European bank chief further confirmed that the digital...

PayPal Has Filed a Patent for a Cryptocurrency Transaction System

PayPal to Enable Merchants to Receive Crypto Payments Says Investment Chief

September 21, 2020 by Adeniyi Olowoporoku at Blockchain

Leading online payment giants PayPal is working on integrating cryptocurrencies to its platform according to Sandi Bragar the managing director of investment firm Aspirant. Introduction of Cryptocurrencies would Increase PayPal Value Bragar revealed this in an interview on CNBC where she spoke about how valuable PayPal’s stocks were to investors...

Bitcoin, Ether, and XRP Weekly Market Update April 13, 2020

April 13, 2020 by Georgi Hristov at Price Analysis, Price pages

The total crypto market cap lost $3.6 billion of its value during the last seven days and now stands at $191.9 billion. The top 10 currencies were mostly in green for the same time frame with Tezos (XTZ) and Bitcoin SV (BSV) leading the pack with 15 and 6.9 percent...

Bitcoin, Ether, and XRP Weekly Market Update April 6, 2020

April 6, 2020 by Georgi Hristov at Price Analysis, Price pages

The total crypto market cap added $22.2 billion to its value for the last seven days and now stands at $194.7 billion. The top 10 currencies were all in green for the same time frame with Binance Coin (BNB) and OKB (OKB) being the best performing assets with 22.5 and...

Bitcoin and Ether Market Update: March 26, 2020

March 26, 2020 by Georgi Hristov at Price Analysis, Price pages

Total crypto market cap added $17.6 billion to its value since Monday morning and now stands at $184.2 billion. Top ten coins are all in red for the last 24 hours with Litecoin (LTC) and Ethereum (ETH) being the worst performers with 2.8 and 2.7 percent of losses respectively. At...

Bitcoin and Ether Market Update: March 19, 2020

March 19, 2020 by Georgi Hristov at Price Analysis, Price pages

Total crypto market cap added $0.4 billion to its value since Monday morning and now stands at $151.9 billion. Top ten coins are all in green for the last 24 hours with OKB (OKB) and Binance Coin (BNB) being the best performers with 8.5 and 7.7 percent of gains respectively....

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