Bloomberg Intelligence released a crypto sphere outlook for 2022. The insights by Commodity Strategist Mike McGlone show that in 2022 there will be a clear regulatory framework and bullish trends in the crypto industry in the US. The prediction is based on China's ban and the development of...
Digital currency loan service Nexo collaborates with enterprise-grade crypto custody Fidelity Digital Assets (FDAS) to enable large entities access crypto services. Per the release published by Nexo on December 7, the companies will introduce first-class financial operations and...
New-York based crypto platform Gemini partners with Colombia's largest commercial bank, Bancolombia, thus allowing Colombians to trade BTC, Eth, Litecoin, and Bitcoin Cash. Services will become available from Dec. 14. From that day on, a certain group of the bank's users will be able to access...
On Saturday, Bitcoin-focused technology and financial services firm NYDIG informed that around $2.5 billion of crypto leveraged positions were liquidated. $1.1 billion of the amount were Bitcoin positions. Bitcoin dropped below $47.000 on December 4 and was traded at around $46.600 according to...
The native crypto of the Terra blockchain protocol, LUNA hit a new ath of $69.74 today. In the last 7 days, the LUNA price went up by over 73.5%. At the moment, it is the 11th largest crypto with a market cap of over $26.2 bln. The surge happens amid the continuous lawsuit between the Terraform...
Financial expert, Managing director of research at Bank of America, Haim Israel, assumes metaverse will boost the adoption of blockchain technology and increase the number of crypto transactions. In one of his recent interviews, Israel mentioned the possibilities virtual-world platforms hold for...
Tech giant Meta, the parent company of Facebook, Instagram, Messenger, WhatsApp, and others, published an ad policy update, according to which running crypto ads on the platform becomes easier. To do so, the company has increased the number of regulatory licenses it accepts from 3 to 27. On the...
Blockchain tech and crypto-focused financial services provider Galaxy Digital announced raising funds. The firm will contribute the amount to the growth of the crypto space. Galaxy Digital intends to raise $500 M by selling five-year convertible notes in exchange for company stocks. As the company...
The most prosperous crypto company of India, CoinDCX intends to hold an Initial Public Offering (IPO) when the question of regulations gets clear. CoinDCX co-founder Neeraj Khandelwal told about it during an interview with Bloomberg Television Monday. He also noted that an IPO delivers legitimacy...
China is decisive to eliminate the exposure of Chinese residents to cryptocurrencies. The authorities didn't overlook news outlets and mining pools. Recently, major crypto media provider Chainnews, founded in 2017, announced shutting down. The editor-in-chief informed about the decision in his...
Olaf Scholz, the newly elected Chancellor of Germany issued a serious warning on Bitcoin and cryptocurrencies. According to an article published by Forbes, Scholz compared the growth of the crypto market to the 17th-century tulip mania of Holland. At the time, the value of tulip bulbs was extremely...
During his recent interview on CNBC, Ripple CEO Brad Garlinghouse talked about inflation, crypto regulations, the dispute with the SEC, and what future developments he expects. The entrepreneur says currently the US sees inflation which it hasn't seen for decades. Being concerned to hold fiat...
Officials in Australia have different approaches to the crypto industry. Chairman of the Australian Securities and Investments Commission (ASIC), Joe Longo talked about cryptocurrencies on November 22, urging people to be careful about investing their all savings into unregulated assets that many...
During her interview with Bloomberg Policies, former US Secretary of State, Hillary Clinton talked about the crypto industry and how in her opinion, the advancement of technology treats nations' stability. Talking about technology, the politician said one of the areas that nation-states got to pay...
The new decree issued by the government of Argentina presents taxation rules for crypto transactions. It states the modifications aim to ensure that there is equal tax treatment for Payment Service Providers (PSP) and ensure fiscal sustainability. For that purpose, the country needs to limit...
Prime Minister of India, Narendra Modi tweeted about the crypto sphere saying democratic nations must team up to work on the industry together, and make sure that crypto doesn't appear in the wrong hands. Otherwise, it will spoil the youth, the politician wrote. Modi expressed his opinion during...
In a Monday interview, Twitter’s top financial manager Ned Segal said that at the moment the firm doesn't find it beneficial to invest corporate capital in BTC or other crypto. As the CFO says, instead of investing in volatile currencies, Twitter needs to add more stable assets like securities to...
The US president Joe Biden signed a $1.2 trillion infrastructure bill that includes crypto regulation rules. According to the new law, digital currency transactions exceeding $10.000, must be reported to the Internal Revenue Service. The bill was first introduced in August this year, stating that...