Tag Archives: News

In a recent interview, it’s been confirmed that Gary Gensler – the head of the Securities and Exchange Commission (SEC) – is looking to regulate cryptocurrency exchanges. Gary Gensler Is Looking at Crypto Exchanges… Again A discussion of the matter was recently held by Jennifer Schonberger, a reporter who had specific details into the ideas of Gensler and his agency. She commented that he is looking to separate all market makers and subject them to the same financial...

The U.S. isn’t crazy about the bitcoin agenda implemented by El Salvador. As a result, several members of Congress are now working to create a new law that would require El Salvador to report to American officials regarding its bitcoin use to ensure accountability. El Salvador Is the Object of America’s Bitcoin Suspicions The law is called the Accountability for Cryptocurrency in El Salvador (ACES) Act. It was written and introduced by Norma J. Torres, a democrat from...

The city of Chandler, Arizona is allowing residents to pay their utility bills with cryptocurrencies like bitcoin, Ethereum, and Litecoin. Chandler, AZ Is Making Crypto Mainstream The move is considered a huge boost to the digital currency space given that many of the assets listed above were initially designed to serve as payment tools for goods and services. When they first emerged on the scene, these assets were built to push credit cards, checks, and fiat currencies...

The United Kingdom has announced it will soon be regulating stable coins and that it’s looking to broaden those regulations to include bitcoin and more standard versions of crypto in the future. The UK Is Planning to Regulate All Stable Coins Economic Secretary to the Treasury John Glen made the announcement in a recent speech at the Innovate Finance Global Summit. He commented: I can confirm that we will be legislating to bring certain stable coins into our payment...

Bitcoin has been rocking as of late. While the currency is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March. Bitcoin Could Be Heading to the Stars Now, Van Eck – a company known for its...

Cornerstone Global Management Inc. – a company that transfers payroll into cryptocurrencies such as bitcoin, Ethereum, and Litecoin and allows employees to get paid in digital assets – has acquired a firm known as Pay Drop, which provides financial and payment services to freelance workers and small businesses. Cornerstone Global and Pay Drop Join Hands for Crypto’s Sake Charlie Lee – the founder of Litecoin – helped to coordinate the acquisition. He stated in an...

Following its recent invasion of Ukraine, Russia has been cut out of many of the world’s dealings and financial platforms. The nation has decided to take matters into its own hands and is now playing by its own rules, ultimately releasing a digital currency all its own called Sbercoin. Russia Is Pulling Back the Curtain on Sbercoin February saw Russia allegedly invading Ukraine following reports that it had over 150,000 troops stationed along its border. The move has...

Bitcoin cash price started a fresh decline from the $385 resistance against the US Dollar. The price is now trading below the $350 zone and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $370 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of a downside break below the $325 support zone in the near term. Bitcoin cash price is struggling below $350 against the US...

MicroStrategy is continuing to purchase more bitcoin, though its methods are beginning to garner a few raised eyebrows amongst traders and analysts alike. Not long ago, the software giant announced that it was taking out a loan for more than $200 million so it could purchase more of the world’s number one digital currency by market cap. MicroStrategy Continues Its Pursuit of Bitcoin MicroStrategy currently boasts more than $5 billion worth of the asset. At first glance,...

The United Arab Emirates (UAE) is becoming a major crypto haven and experiencing a huge boom in usage. Not long ago, the nation found itself at the center of regulatory interest following the unveiling of its new virtual asset law, and now it looks like one in five people within the country are looking to trade crypto on a regular basis. The UAE Is Seeing a Huge Surge in Crypto Use A recent survey suggests that about 67 percent of UAE citizens are looking to become...