According to an internal administrative circular viewed by coindesk, the upgrading of that unit into its own department is aimed at promoting innovation in the sector, identifying the challenges and opportunities associated with it and addressing them in a timely manner, and providing a framework for further research on the subject that can aid policy interventions by the bank. Source
Cryptocurrency and Bitcoin investors spread to almost every sector and among different personalities. With the increase in the adoption of digital assets, most people are joining the investment train to reap enormous potential growth. Celebrities and government officials from both past and present governments globally are not left behind. The former US first lady, Melania Trump, just gave her congratulatory message to Bitcoin on its 13th birthday. A little after launching her personal ‘nonfungible token (NFT)’ in December 2021. Related Reading | Ripple Had Its Strongest Year Ever Despite The Sec’s…
A group of investors in Africrypt are reportedly pushing to have criminal charges pressed against directors of the now-defunct cryptocurrency investment platform. Opponents of the move have argued that this push is unlikely to succeed because many of the investors have already been reimbursed part of their funds. Mystery Investor Injects More Than $5 Million Into Africrypt In a new twist to the Africrypt saga, a group of investors in the collapsed cryptocurrency investment platform is reportedly taking steps to ensure criminal charges are leveled against the firm’s two missing…
This episode is sponsored by Nexo, Abra and FTX US. Download this episode In the first 2022 edition of the Weekly Recap, NLW looks at: The Fed’s impact on crypto markets. The situation in Kazakhstan and how it impacts bitcoin mining. NFTs finding their way into U.S. politics. And more! See Also: Kazakh Bitcoin Mining Seen Hurt Following Energy Riots, Internet Shutdown NFT Marketplace OpenSea Valued at $13.3B in $300M Funding Round Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises Bitcoin Falls to 1-Month Low as…
The most popular antivirus, Norton 360, made a miner out of everyone. Even though this has been going on for a while, the Internet recently found it out. And traditional Norton customers are livid about it. One of the most controversial parts of the story is the 15% cut that the company takes. This is a commercial program that you have to pay for, so it’s only logical that people are not ok with it. Related Reading | Research: Crypto Mining Malware Still Abundant Despite Market Decline Of course, Norton’s…
“It is critical for the Union Budget to clearly lay down taxation clarity around crypto assets by formally naming them in tax laws,” said a letter to India’s Finance Minister by IndiaTech.org, an industry body of startups including crypto exchanges. The group plays an active part in discussions about policy framework to regulate crypto with government and India’s central bank, the Reserve Bank of India. India’s Budget Session is expected to start on Jan. 31, the budget is likely to be presented Feb. 1, and the session is likely to…
Johann Steynberg, the wanted CEO of Mirror Trading International was recently arrested by Brazilian law enforcement after he was caught using a fake document. The arrest, which took place in the country’s Goiás province, was carried out by the Brazilian military police. Fake IDs, Laptops, and Credit Cards Seized Johann Steynberg, the CEO of Mirror Trading International (MTI), a bitcoin Ponzi scheme, was recently arrested by Brazilian law enforcement after he was caught using a false document, reports from the South American country have said. Following the arrest, credit cards,…
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months. Solana Facing Throughput Issues Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it…
Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion. Celebrities ape into BAYC For the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some…
A note from JPMorgan states that Ethereum might be at risk of losing defi dominance as a result of its inability to produce effective scaling solutions fast. The note, written by Nikolaos Panigirtzoglou, managing director of global markets strategy at the firm, further stated that other new smart contracts-enabled blockchains are the ones taking this market share, instead of Ethereum sidechains or other Ethereum-based solutions. Ethereum Dominance at Stake According to JPMorgan A note from JPMorgan states that Ethereum might keep losing dominance in the field of decentralized…