Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted. Speaking at the inaugural HODL ’21 virtual conference organized by the […]
Category: Crypto
Elektra Group President Ricardo Salinas Hints at Inclusion of Lightning Network Payments in Mexico
Ricardo Salinas, president of Elektra Group, one of the biggest retail franchises in Mexico, hinted at the possibility of integrating payments using Bitcoin’s second layer solution, the Lightning Network. Salinas made the announcement yesterday via Twitter. This would allow residents of the country to pay for appliances in-store, directly with cryptocurrency. Elektra Group Might Accept […]
The SEC has told us it wants to sue us over Lend. We don’t know why.
By Paul Grewal, Chief Legal Officer Last Wednesday, after months of effort by Coinbase to engage productively, the SEC gave us what’s called a Wells notice about our planned Coinbase Lend program. A Wells notice is the official way a regulator tells a company that it intends to sue the company in court. As surprised as […]
El-Salvador Accepts BTC as Legal Tender! BTC drops Followed by this Analyst Tweet?
The post El-Salvador Accepts BTC as Legal Tender! BTC drops Followed by this Analyst Tweet? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide Today is a big day for El-Salvador and Bitcoin! Because BTC is now a legal tender in El-Salvador. One of the analysts suggested this is the right time […]
Ethereum Futures Open Interest Hit an ATH Amid $1B Being Locked in ETH Layer Two
Open interest in the Ethereum (ETH) network has been experiencing an uptick, leading to a record high. (Read More)
President Nayib Bukele Confirms Purchasing 150 BTC Amid Crypto Market Crash
El Salvador President Nayib Bukele confirmed the country has purchased an additional 150 units of BTC despite the market dip. The nation experienced the volatility of crypto just within a day after adopting BTC as legal tender. (Read More)
Afterpay tells Senate inquiry crypto could slash merchant payment costs
Afterpay told the Australian Senate that using crypto could cut payments costs for merchants, and that the government should work to create a framework for an AUD-backed stablecoin. Australian buy now pay later (BNPL) firm Afterpay believes that local merchants can slash payment costs by utilizing cryptocurrencies. In a submission to the Senate inquiry into […]
First Day of Bitcoin as Legal Tender: El Salvador Buys the Dip, Country’s BTC Stash Grows
Bitcoin is now legal tender in El Salvador, and the country’s bitcoin stash has grown to 550 coins. The Salvadoran government started buying the cryptocurrency Monday ahead of the Bitcoin Law taking effect. On Tuesday, President Nayib Bukele said El Salvador bought the dip. El Salvador Buys More Bitcoin El Salvador’s Bitcoin Law came into […]
UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action
The Chair of the Financial Conduct Authority (FCA), Charles Randell, singled out Kim Kardashian for her role in promoting Ethereum knock-off EthereumMax (EMAX). In this respect, Randell admitted the FCA’s reach only extends to “registering UK-based cryptoasset exchanges for anti-money laundering purposes.” As such, Randell is calling for greater regulatory powers to deal with all […]
A $100,000 Bitcoin Price In 2021 Is In Play
Here’s how the bitcoin price could reach $100,000 by the end of the year. The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. $100,000 before years […]