Crypto

IMF

Making Bitcoin a national currency, according to the IMF, is a “inadvisable shortcut”

The International Monetary Fund (IMF) has issued a new warning as El Salvador prepares to make bitcoin (BTC) legal tender in September. The move is “an inadvisable shortcut,” according to the IMF. While governments must “step up” to provide the benefits offered by the technology underlying cryptoassets. As well as leverage new, digital forms of […]

FC Barcelona

FC Barcelona is in talks with crypto companies for shirt sponsorship

According to reports from Spain, footballing giants FC Barcelona may sign a crypto-related shirt sponsor. The club, which is one of the biggest and most successful in the world. Has a deal with Rakuten, a Japanese e-commerce behemoth. In Japan, the company runs the Rakuten Wallet crypto exchange, but its global interests are currently limited […]

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Cryptocurrency, Brazilian

The Brazilian Securities Commission has approved the Ether ETF

According to an announcement by QR Capital, the holding company of QR Asset Management, the Brazilian securities regulator, the Comisso de Valores Mobiliários (CVM), has approved an Ether (ETH) exchange-traded fund (ETF). The fund, which will trade under the ticker QETH11, will be listed on the B3 stock exchange in Brazil. Which is a regional […]

Tanzania, Bitcoin, Crypto, Tanzanian

Tanzania’s president urged the central bank to get ready for Crypto

Tanzania appears to be the most recent emerging market to embrace Bitcoin and other digital assets. Tanzanian President Samia Suluhu Hassan urged the country’s central bank to investigate crypto assets on June 14. “We have witnessed the emergence of a new journey through the internet”. Hassan said, emphasizing the growing impact of digital assets on […]

weibo

Chinese social media platform Weibo reportedly has banned crypto-related accounts

China’s anti-cryptocurrency crackdown has reportedly spread to social media. Several popular Bitcoin (BTC) and crypto-related content creators on Weibo. China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly been suspended. At least a dozen crypto influencers on Weibo were unable to use their accounts on Saturday night. According to local reports. […]

crypto, regulation, regulators

Another US regulator wants agencies to collab to regulate crypto

There are new signals that US regulators are aiming to rein in’ the crypto industry by establishing collaborations between agencies, indicating that the Joe Biden administration is full of regulators suspicious of bitcoin (BTC) and other cryptoassets. Given the growing concern that a lack of proper oversight could harm savers and investors. US financial authorities […]

DeFi

Thailand will target DeFi in its latest regulatory crackdown

Thailand’s financial regulators have turned their attention to decentralized finance, or DeFi, in their latest attempt to regulate the cryptocurrency industry. Thailand’s Securities and Exchange Commission (SEC) has announced that any activities related to DeFi may require a license from the financial regulator in the near future, according to a June 1 report from Bangkok […]

elon musk

Elon Musk expresses tepid support for crypto after the market’s collapse

Elon Musk expressed tepid support for cryptocurrencies in a Tweet, following a crippling market downturn that may be picking up steam this weekend. Tesla CEO Elon Musk responded to a Twitter user who asked what he thinks about “the peeps who are angry at you because of crypto.” Musk’s about-face last week regarding accepting Bitcoin […]

Huobi

Huobi has reportedly ‘temporarily’ suspended futures trading in some countries

Huobi, a cryptocurrency exchange based in Seychelles, has reportedly suspended futures and leveraged trading for new customers in some countries, raising concerns about the regulatory scrutiny that digital assets are subject to. Huobi is limiting these services in a few jurisdictions, according to Bloomberg, but did not specify which countries would be affected. There was […]