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“# Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report ” There’s a beacon of hope for battered Bitcoin (BTC) bulls. A promising report from Crypto.com predicts that global crypto users could reach one billion by the end of 2022. The report reaches the conclusion that a combo of developing nations copying…
“# Bulls aim to turn the tide in Friday’s $580M options expiry after BTC tops $43K ” Bitcoin (BTC) investors seem uncomfortable with adding positions after the most recent 40% correction from the $69,000 all-time high made on Nov. 10. In addition to the prolonged downtrend, remarks from the United States Federal Reserve on Dec….
“# Binance US officially launches trading services in Connecticut ” United States cryptocurrency exchange Binance US, which operates separately from the global Binance platform, has officially opened its trading services to residents of Connecticut. Beginning Jan. 20, Connecticut residents can register to buy, sell and trade digital assets such as Bitcoin (BTC) and Ether (ETH)…
“# Ad restrictions won’t impact crypto demand, Binance CEO says ” Binance CEO Changpeng Zhao, also known as “CZ,” claimed that the growing restrictions on crypto advertisement won’t impact the demand. During his interview with CNBC, CZ stressed that physical crypto advertisements and crypto ads, in general, have not had much impact on user growth,…
“# El Salvador explores low-interest loans backed by Bitcoin ” It’s full steam ahead for El Salvador’s Bitcoinization. The next point on the orange agenda is in providing low-interest loans backed by Bitcoin (BTC) to small and micro-businesses. While the details of the BTC loans are currently not disclosed, Mónica Taher, an advisor for the…
“# BIS general manager: Central banks generate trust, not big techs or “anonymous ledgers” ” In a speech entitled “Digital currencies and the soul of money,” Agustín Carstens, the general manager of the Bank of International Settlements,’ criticized private stablecoins and decentralized finance (DeFi), touting central bank-led financial innovation as the best possible path to…
“# EU securities regulator calls for proof-of-work crypto mining ban ” Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining. In a recent interview with the Financial Times, Thedéen said that Bitcoin (BTC) mining has become a “national issue” and warned cryptocurrencies…
“# Singapore crypto ATMs shut down after central bank crackdown ” The Monetary Authority of Singapore has reportedly decided to shut down cryptocurrency automatic teller machines in the city-state. According to Bloomberg, to comply with new regulations issued by the Monetary Authority of Singapore (MAS), Singapore’s central bank, cryptocurrency ATM operators in the country were…
“# Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining ” As U.S. Congress is preparing to take a thorough look at the energy use of crypto mining, the list of witnesses for the Thursday hearing contains more proponents of blockchain technology than its outright critics. The…
“# Law Decoded: First-mover advantage in a CBDC conversation, Jan. 10–17 ” Last week saw an unlikely first move in the opening narrative battle around a prospective U.S. central bank digital currency: Congressperson Tom Emmer came forward with an initiative to legally restrict the Federal Reserve’s capacity to issue a retail CBDC and take on…