Author: Rajat Patel

Users will be able to test China's Digital Yuan via Alipay

Users will be able to test China’s Digital Yuan via Alipay

Some of Alipay’s users will be able to participate in the emerging digital yuan commerce ecosystem, according to the company. This new feature is the result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. According to a report published on Monday by China Securities Journal. Ant Group’s involvement in China’s […]

dogecoin, doge
Photo: Robot with golden Dogecoin coin by Marco Verch

DOGE-funded SpaceX payload aims to reach lunar orbit in 2022

Geometric Energy Corporation, Canadian manufacturing, and logistics company will send a Dogecoin-funded payload to the moon on one of SpaceX’s first rockets. Geometric Energy Corporation said in a statement released on Sunday. That its commercial satellite could be launched to the moon as early as the first quarter of 2022 aboard a SpaceX Falcon 9 […]

Dogecoin

8th of May Is a ‘day to watch’ for Dogecoin, with the possibility of a crash similar to that of XRP

Although Dogecoin (DOGE) is soaring and Bitcoin (BTC) is stumbling, one analyst believes the DOGE bubble will burst this week. Lowstrife, a popular Twitter account, highlighted similarities between Dogecoin and XRP among warning signs that “the end” is near in a series of tweets on May 4. “Final push DOGE/USD has been steadily rising this […]

betterment

Betterment’s CEO stated that the company is still not ready to provide crypto services.

Betterment, a major financial advisory firm that offers robo-advice and cash management services, has yet to decide whether to add cryptocurrencies to its platform. Betterment CEO Sarah Levy stated that the company is still investigating the possibility of expanding its services to include digital assets such as Bitcoin (BTC). “We’re believers that if we can […]

Argentina's Central Bank issued a directive to banks: Give us data on crypto transactions

Argentina’s Central Bank issued a directive to banks: Give us data on crypto transactions

The Argentinian central bank has requested data on transactions conducted by customers it believes are trading in cryptocurrency, with yet another global government reportedly preparing to regulate its crypto users. According to Infobae, Argentina’s central bank, the Banco Central de la Repblica Argentina (BCRA), has also requested data from fintech companies, a move that “many […]

Ireland, For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Ireland’s crypto businesses have been subjected to regulatory oversight. With local digital asset firms now adhering to EU anti-money laundering guidelines. The Criminal Justice Money Laundering and Terrorist Financing Amendment Act of 2021 transposed the EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, into Irish law on April 23. Virtual Asset Service […]

Elon Musk says, "I have not sold any of my Bitcoin."

Elon Musk says, “I have not sold any of my Bitcoin.”

Despite his company, Tesla making profits from its recent Bitcoin purchases, billionaire entrepreneur Elon Musk has taken to Twitter to reassure the crypto community that he has not sold any of his personal BTC stashes. Musk’s remarks came in response to comedian Dave Portnoy’s claims that the Tesla CEO profited from a Bitcoin pump and […]

‘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 […]