Author: Rajat Patel

‘Alarm' rings as crypto trading outpaces the South Korean stock market

‘Alarm’ rings as crypto trading outpaces the South Korean stock market

For the first time in South Korean history, crypto trading volumes have outperformed stock market activity, with crypto trading growing at an alarming rate, according to some. Crypto trading volume figures peaked at USD 21.5 billion per day on April 15, according to Yonhap and Segye Ilbo, as well as Kyunghyang Shinmun. In March, the […]

China, CBDC, Bitcoin, BTC, Digital Yuan

Bitcoin is referred to as a “Investment Alternative” by the Chinese Central Bank

With encouraging remarks from Li Bo, the new deputy governor of the People’s Bank of China, China may be softening its stance on cryptoassets, almost four years after enacting a crackdown on bitcoin (BTC), altcoins, and crypto exchanges (PBoC). Several media outlets, including CNBC and the South China Morning Post, quoted Li Bo as saying […]

Japanese regulator issued warning to teenagers who will soon be able to buy crypto

Japanese regulator issued warning to teenagers who will soon be able to buy crypto

After new legislation is set to effectively lower the crypto age of consent to 18, Japan’s top financial regulator. The Financial Services Agency (FSA), has issued a warning to younger citizens about the potential risks associated with crypto investment. In 2018, the Japanese Diet approved a legal amendment to the country’s Civil Code that lowers […]

Japanese bank Sumitomo Mitsui

Sumitomo Mitsui, a Japanese bank, has launched the country’s first ‘a-1’ rated security token

Sumitomo Mitsui Trust Bank, or SMTB, a Japanese bank, launched its first asset-backed securities token on March 29 in collaboration with Securitize. The instrument is the first security token to enter the Japanese market that complies with the Financial Instruments. And Exchange Act (FIEA). In addition, Rating and Investment Information, Inc, a Japanese rating agency. […]

digital ruble

Russia intends to use the digital ruble to power its USD Purge

The politician in charge of drafting Russia’s crypto regulation legislation. And formulating the country’s financial policy has spoken out about the need to eliminate the US dollar from the economy. Referring to the upcoming digital ruble as a “higher form of money.” Anatoly Aksakov, the Chairman of the Parliamentary Committee on Financial Markets. And also […]

ripple

In the midst of a legal battle in the US, Ripple is looking to merge with an Asian company

Ripple, a major blockchain company based in the United States. That is still embroil in a legal battle with American regulators. Has agreed to buy a 40% stake in Tranglo, an Asian cross-border payments specialist. TNG Fintech Group will remain the majority shareholder in Tranglo after the transaction closes this year, according to Ripple, who […]

cbn

Governor says, Nigeria’s central bank is not discouraging people from trading crypto

Nigeria’s central bank governor, Godwin Emefiele, has reportedly clarified the bank’s position on the use of cryptocurrencies in the country. Which had previously prohibited banks from servicing crypto exchanges. According to local news outlet TodayNG, CBN deputy governor Adamu Lamtek said on behalf of Emefiele. That the bank had not banned Nigerian residents from buying, […]

bitcoin

Over the last 12 months, Bitcoin mining stocks have outperformed BTC by 455 percent

Despite the fact that the top publicly traded Bitcoin mining companies are losing money, their stock prices have outperformed BTC over the last year. Leeor Shimron, Fundstrat’s vice president of digital asset strategy, spoke on CNBC about his research into the market performance of the four largest publicly traded mining companies — Marathon Digital Holdings, […]