Day: January 18, 2022

UK to Tighten Crypto Ad Regulations to Improve Consumer Protection

The U.K. government said it plans to strengthen the rules governing crypto asset ads to bring them in line with other financial assets. The rules will increase consumer protection at the same time as they encourage innovation, the Treasury said in a statement Tuesday. The Treasury published a consultation response, saying that proposed legislation will also provide the UK financial watchdog, the Financial Conduct Authority (FCA) with the power to regulate the crypto market more effectively. Source

Bitpay Statistics Show the Use of Bitcoin for Payments Is Dwindling – Bitcoin News

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The use of bitcoin as a digital currency for payments has gone down significantly, according to the numbers stemming from Bitpay, one of the leading cryptocurrency payments processors. While most of the purchases were made with bitcoin back in 2020, this dominance has dwindled, opening the space for other tokens and currencies, such as ethereum and stablecoins, to enter the crypto payments arena. Bitcoin Use for Payments Diminished in 2021, Bitpay States Bitcoin’s use as digital payments currency has dwindled since 2020. This was the conclusion that Bitpay,…

French Crypto Platform Coinhouse Raises $17M to Fuel European Expansion

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source

Crypto.com Adds Jon Russell As Asian Based General Partner

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The Singapore-based company, Crypto.com, has hired the former TechChurch and The Ken reporter, Jon Russell as their Asian-based general partner. And with this new development, they hope to expand Fund further. Crypto.com’s $200 million Web 3 fund came into existence in March 2012. As of Monday, intending to expand via the venture arm of investing in Series A stages, project at seed and crypto startups, has grown expectedly. Russell, during an interview, made known that the fund is believed to rise to double its current size and will be announced…

Central Banks Are Best Sources of Trust in Money in a Digital Age

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How to assess different chains?

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With so many blockchain networks appearing all the time, new or even experienced crypto enthusiasts may feel overwhelmed when it comes to deciding which are the best to invest in. In this guide, we’ll outline the most important aspects of any blockchain project, and why one should pay close attention to such details when assessing the different chains on the crypto market. Use case Arguably the most important part of any blockchain project is its use case. What is the project’s reason for existing? Is the project here to enhance…

Gulf team up with Binance aiming to develop on Thai Crypto Exchange

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Gulf Energy Development Plc, one of Thai’s leading energy companies, revealed that they have set up a team to work with Binance planning to study the possibility to process a digital asset exchange in Thailand. According to the statement, the Bangkok-based firm had already signed the memorandum of understanding (MoU) with Binance on Monday (17 January) in order to jointly study and formulate a business development plan for Digital Asset Exchange and related businesses in the industry Thailand. Yupapin Wangviwat, Chief Financial Officer (CFO) of Gulf, said the team was…

Mr. Wonderful plans to invest in mining company stocks

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Canadian businessman Kevin O’Leary laid out his plans to invest in mining company stocks. In an interview with Anthony Pompliano, Mr. Wonderful shared stories about his recent travels in the Middle East to find ways to invest in Bitcoin (BTC) mining. According to the Shark Tank mogul, investors in the Middle East are looking into “sovereign mining operations.” O’Leary also predicts that in the next 2-3 years, sovereign funds may decide to invest in Bitcoin mining. However, the businessman notes that the funds will choose mining businesses that use sustainable…