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“# Canadian regulator will hold hearing against Bybit for alleged violations of securities law ” The Ontario Securities Commission has issued a notice stating that it will be holding a hearing against Bybit regarding the crypto exchange allegedly “flouting” Canadian securities law. In a Monday notice from the Ontario Securities Commission, or OSC, the regulatory…
“# Banks fall in line as China’s central bank cracks down on crypto accounts ” The Agriculture Bank of China (AgBank) — the world’s third-largest bank by assets — is set to implement Beijing’s firm anti-cryptocurrency measures and rigorously vet its clients to ensure they are not engaged in any form of illegal activities involving…
“# 4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds ” In an interview with CNBC on June 14, legendary investor Paul Tudor Jones sounded the alarm over advancing inflation. After last week’s consumer price index (CPI) report showed that United States inflation had hit a 13-year high, the…
“# Data suggests the strong US dollar makes Bitcoin weaker argument is flawed ” At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. For the past few weeks, analysts…
“# Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY … ” Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to…
“# “Bitcoin maximalists? They can’t stop innovation”, says Mati Greenspan ” In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin maximalists for being “small-minded and insecure”, pointing out that they don’t have control over the main cryptocurrency. “They cannot stop any kind of innovation from happening. So…
“# World Bank refuses El Salvador’s request for help on BTC transition ” The World Bank has refused El Salvador’s request for help on the country’s transition to adopting Bitcoin as legal tender. It cited issues with Bitcoin’s environmental impact and transparency as reasons why it will not support El Salvador move to adopt Bitcoin…
“# Bitcoin miners can prove green potential by undergoing ESG ratings check ” Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in…
“# Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador ” Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.” Steve Hanke served as a senior economist under President…
“# Democratic lawmakers have formed group to address regulatory concerns around crypto ” Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies. In a Tuesday virtual hearing of the U.S. House of…