Month: March 2022

Kenya Central Bank Governor Reiterates His Opposition to Cryptocurrencies – Emerging Markets Bitcoin News

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The Kenyan central bank governor has once again told Kenyans to be wary of the risks that are associated with cryptocurrency transactions and trading. The governor also warned financial institutions supporting cryptocurrency transactions that they risk losing their licenses. Crypto Trading Beneficial to a Few The governor of the Central Bank of Kenya (CBK), Patrick Njoroge, has reiterated that his institution still opposes cryptocurrency transactions. The governor also suggested that Kenyan citizens must always be wary of investing in highly volatile asset classes such as cryptocurrencies. In remarks published by…

Trader Who Correctly Called Historic Bitcoin Crash Updates Outlook on Top Cryptocurrency

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A seasoned trader known in crypto circles for correctly predicting Bitcoin’s massive 2018 meltdown says BTC is actually in a “historical bull market” despite trading in a wide range for months. In a new interview with StockCharts, Brandt says Bitcoin is currently taking a breather after crypto assets surged by around 17 times since the crash of March 2020 that was triggered by the Covid-19 pandemic. “You know Bitcoin is in a big trading range. It’s in a very historical bull market, an incredible market. I’ve traded for 47 years,…

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Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation – Bitcoin News

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On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal tender in the country. Despite Rumors, Honduras’ Central Bank Says Bitcoin and Crypto Assets Are Not Legal Tender in the Country In recent times, there’s been a lot of rumors that claimed the 56th…

Anchor Protocol Will Readjust Interest Rates Each Month, ANC Falls by 5%

Meanwhile, some Anchor users criticized the development on the proposal’s official discussion forum. “Anchor’s competitive advantage is a STABLE deposit rate. If we switch to a dynamic rate we’re giving up on that advantage,” pseudonymous user ‘fulltimecrypto’ wrote. Other users were more upbeat. “We’re big enough now. It’s time to mature a bit and realize 20% on stables is excessive,” said ‘DefiantProtocol.’ “Cutting the rate in half wouldn’t lead to a significant flight of capital.” Source

LG Electronics adds blockchain and crypto as new areas of business

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South Korean tech giant LG Electronics has officially added blockchain and cryptocurrency as new business areas in its corporate charter.  According to a local South Korean news report, LG added two distinct crypto-related objectives during its annual general meeting on Thursday, March 24. The objectives include “the development and selling of blockchain-based software” and “the sale and brokerage of cryptocurrency,” which led to conjecture whether LG would establish some form of crypto exchange. When asked about the company’s intention to start its own exchange or platform, an LG spokesperson tempered…

Lohnt sich Mining in Deutschland 2022?

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Korean crypto exchanges are now in compliance with the Travel Rule

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South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure. Starting today, Korean exchanges will flag any crypto transfers worth more than roughly $821. Transfers higher than that value will be restricted to user-verified wallets and a select number of exchanges that have adopted their anti-money laundering system. The Travel Rule is a set of guidelines issued by the international financial watchdog Financial Action Task Force (FATF) designed to help authorities track…

Bitcoin Gains Momentum, Indicators Point Strong Move To $45K

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Bitcoin started a fresh increase above the $43,500 resistance against the US Dollar. BTC is showing positive signs and might even surge above $45,000. Bitcoin started a fresh increase after it broke the $43,500 resistance zone. The price is trading above $43,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $43,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise and might even clear the $45,000 resistance zone. Bitcoin Price Remains…