Day: April 29, 2022

India’s Decision on Crypto Regulation Will Not Be Rushed, Says Finance Minister – Regulation Bitcoin News

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Indian Finance Minister Nirmala Sitharaman says that the country’s crypto policy will not be rushed. “Our intention is in no way to hurt the ecosystem, or to even say that we don’t need it,” she added. Finance Minister on Indian Crypto Regulation India’s finance minister, Nirmala Sitharaman, discussed cryptocurrency regulation Wednesday at a fireside chat organized by Stanford University School of Medicine. She explained that India will not rush to finalize the country’s crypto policy. On the contrary, she said India will take an informed decision after due deliberations across…

Animoca Brands to Bring Football to the Blockchain in Partnership With OneFootball

Animoca Brands, one of the biggest names in the gaming and metaverse world, has unveiled its partnership with OneFootball, and Liberty City Ventures to establish OneFootball Labs as a Joint Venture between the trio.  Per the announcement, OneFootball Labs will work to bring football fans a whole new experience that is powered by blockchain technology. Riding on the broad network of Animoca Brands in the blockchain ecosystem, the new startup will “enable clubs, leagues, federations, and players to release digital assets and fan-centric experiences” on the blockchain. With the growth…

VeChain can be used as payment in 2M stores — and VET bridged to BNB chain

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Supply chain blockchain project VeChain has announced a new partnership with crypto payment services, Alchemy Pay that will allow people to use its VET token as payment in over 2 million stores throughout 70 different countries. The news came alongside its inclusion as a supported token on the recently launched Binance Bridge 2.0. Thanks to partner @AlchemyPay, $VET can now be used to buy goods at 2 million+ stores globally! Using our advanced low-#carbon #blockchain, transactions cost fractions of a cent & are processed in seconds from any #VeChain wallet!$ACH…

Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase

Bitcoin is showing positive signs above $39,500 against the US Dollar. BTC must clear $40,250 to continue higher in the near term. Bitcoin started another recovery wave and climbed above the $39,800 level. The price is now trading above $39,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $39,580 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $40,250 resistance to continue higher in the near term. Bitcoin Price Eyes Upside Break…

Samsung to List Blockchain ETF on the HKEX

Samsung Asset Management Co., Ltd., a Seoul-based investment arm of Samsung Group, announced on Thursday that it plans to list a Blockchain exchange-traded fund (ETF) on the Hong Kong Exchange (HKEX) in the first half of this year, according to the Korea Economic Daily. The Samsung Group’s investment subsidiary said that the new investment product is the first ETF that will track cryptocurrencies and blockchain tech companies listed in Asia. The listing plans follow the Samsung asset management company’s acquisition of a 20% stake in US ETF sponsor Amplify Holding…

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Bipartisan bill to give CFTC authority over exchanges and stablecoins

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A bipartisan group of lawmakers in D.C. introduced an updated bill on April 28 to regulate cryptocurrency developers, dealers, exchanges, and stablecoin providers, bringing them under the regulatory control of the United States Commodity Futures Trading Commission (CFTC). The Digital Commodity Exchange Act of 2022 (DCEA) was re-introduced to Congress by Republican Representatives Glenn Thompson and Tom Emmer with support from Democrat co-sponsors Darren Soto and Ro Khanna. The updated version includes a section covering stablecoin providers, who can register as a “fixed-value digital commodity operator.” These operators would be…

Senators Bragg and Lummis discuss crypto laws collaboration between US, Australia

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Australian Senator Andrew Bragg hasmet with U.S. Senator Cynthia Lummis to discuss potential collaboration on cryptocurrency regulation between the two countries. Senator Bragg is a crypto-friendly politician from the ruling Liberal Party (a conservative center right party) that has been one of the driving forces behind a proposed forward-thinking regulatory scheme in Australia. Last year he fronted the Senate Committee on Australia as a Technology and Financial Center (ATFC) which tabled 12 extensive regulatory proposals relating to taxation, decentralized autonomous organizations (DAOs) and company licensing. Two months later, Treasurer Josh…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Lucas Dimos is a crypto content creator, co-founder of CryptoKnight.io, and Business Development Officer for InfinityPad. Lucas combines fundamentals-based investing and an industry insider’s perspective on cryptocurrency, the markets, and the future of technology to craft a holistic approach to blockchain & crypto in my content. listen on iTunes – Spotify – help us make more money: sponsors – Use code KONCRETE at checkout to get a free koozie 2-pack with a 12-pack purchase. danny music koncrete ▶ Coinbase Website: Coinbase.com ▶…

Bitcoin Nears Psychological Barrier, Here’s What To Look Out For

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The cryptocurrency market has had another wild week, with the price of Bitcoin (BTC) hitting a new multi-month low of $37,700. The stock market also experienced a significant sell-off, owing to investor concerns over the size of the Federal Reserve’s next rate hike. While the price of Bitcoin has fallen 41.72 percent from its all-time high of $69,000, a deeper look into various on-chain and derivatives data suggests that a decline in inflows and the shift from institutional investors are the key factors influencing BTC price behavior. Bitcoin Stumbles On…