Tag Archives: social

Matt Hancock, a Conservative Party MP in the UK parliament, said Britain could create a “dynamic” regulatory environment for cryptocurrencies rather than follow the EU’s restrictive policies. He noted that this is possible because of Brexit, which offers the country an opportunity to benefit from crypto innovations. “We now don’t have to just take the EU’s restrictive regulatory regime and instead can design our own that is more dynamic,” Hancock told Express.co.uk in a...

The Central Bank of Hungary joined the growing number of central monetary entities believing that bitcoin trading and mining should be banned. Similar to most bashers, the organization’s Governor asserted that cryptocurrencies could facilitate illegal activities. In a press conference on February 11th, György Matolcsy, the current Governor of the Hungarian central bank, urged the country to implement a blatant ban on cryptocurrencies. He made a rather familiar argument as...

Rug pulls continue to cast a dark cloud over the crypto industry, with BabyMuskCoin being the latest example with over $600,000 duped from investors. CryptoPotato spoke with Ronghui Gu, co-founder of the blockchain security company – CertiK – about how users can defend themselves against such malicious activities. The BabyMuskCoin Rug Pull Ever since the popularity explosion of Dogecoin, propelled mainly by one of the most influential individuals – Elon Musk, the...

Bitstamp has struck a three-year partnership deal with U.S. professional esports organization Immortals to be the official cryptocurrency exchange of the gaming company. Bitstamp Collaborates With Immortals Immortals announced the news of the collaboration via a press release on Wednesday (February 9, 2022). According to the statement, the deal will also make Bitstamp a founding member of the esports organization. The partnership aims to educate the Immortals community about...

The world’s largest issuer of crypto ETP’s 21Shares announced two new ETPs – tracking the performance of Decentraland and FTT. Both products will go live on the Swiss exchange – BX Swiss. The exchange-traded products (ETPs) will allow traders and institutions to get exposure to the two assets without owning them outright. 21Shares Decentraland ETP (Mana) and 21Shares FTX Token ETP (AFTT) will be listed on BX Swiss, a Swiss stock exchange. Decentraland (MANA) is a native token...

Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lowering the rank. Reasons Behind The Move As per the official post, “heightened” financing risks arising from growing dependency on short-term debt reflects Fitch’s move of downgrading El Salvador. It also pointed out the limited scope of the country’s domestic market financing as...

Leading Israeli bank, Hapoalim Bank, has recently filed a letter of defense to dismiss the claims of the 69-year-old pensioner, Esther Freeman, to allow the deposit of $320k profit she made from a $3,000 Bitcoin investment nearly nine years ago. According to a Thursday report by a local media outlet, the bank claims that its insistence on denying the deposit was because of cases where digital currencies are used to facilitate money laundering and terrorist financing. Hapoalim...

New York City elected bitcoin enthusiast Eric Adam as its Mayor in November last year. And, he famously received his first paycheck in BTC. But that doesn’t settle the debate if New York is indeed a bitcoin-friendly state. Billionaire investor Bill Ackman urged on Wednesday Governor Kathy Hochul and Mayor Eric Adams to remove barriers in the way of New York becoming a crypto center of innovation. Bill Ackman’s tweet came as a reply to a complaint suggesting that the person...

The liquidations in the crypto market skyrocketed to $200 million on a daily scale as bitcoin, and most altcoins, dumped and pumped in a matter of hours. This came following reports about the US inflation rates, which spiked to a new 40-year high. CryptoPotato reported earlier today when the primary cryptocurrency had reclaimed $44,000 and seemed rather calm around that level. However, BTC neared $45,000 in the following hours, but the bullish run was stopped in its tracks...

Bitcoin’s price tumbled by about $1,000 in less than a few minutes as the numbers for January’s consumer price index came on. The Consumer Price Index (CPI) is used to gauge the average change over time in the prices that are paid by urban consumer for a basket of consumer goods and certain services. Many people also refer to it as an approximation of the current inflation rates. There are indexes available for various states and geographic areas. For January, the Consumer...