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Central Banks Of France And Switzerland To Test Cross-Border Transactions With CBDC
The pilot involves the not yet launched digital euro for business, the Swiss franc, and an intermediate instrument of French Central Bank based on distributed ledger technology (DLT). On the website of the Swiss National Bank, information appeared that it, together with the Central Bank of France (Banque de France) and representatives of the private […]
Bitcoin And Ethereum Network Fees Fell 81% And 71% Over The Past Few Weeks
Amid the general correction of the crypto market, fees on the Bitcoin and Ethereum networks have dropped by 81% and 71% over the past few weeks, respectively, after the coins reached their all-time highs. According to Bitinfocharts, the transaction value on the Ethereum network was $ 5.8 as of June 4, 2021, while on May […]
China: Chinese Сitizens Сan Trade Bitcoin To Their Care
The regulators presented their opinion on trading operations with cryptocurrencies by the citizens of the country. Chinese authorities have clarified their position on crypto trading. Regulators are warning citizens that digital asset trading can be dangerous. At the same time, the regulatory authorities made it clear that crypto trading is not prohibited in the country. […]
Coinbase To Launch Trading Of Elon Musk’s Favorite Cryptocurrency – Dogecoin
Against the background of the news release, DOGE showed growth. The team of the popular cryptocurrency exchange Coinbase PRO allowed users to deposit Dogecoin cryptocurrency. Trading in digital assets will be launched in a day according to the blog. Recall that for the first time it became known about plans for listing a cryptocurrency on […]
Chinese Began To Transfer Capital From USDT To Yuan
Earlier, local authorities talked about their negative attitude towards stablecoin. Against the backdrop of pressure from the Chinese authorities on miners and other participants in the crypto industry, massive sales of Tether (USDT) for Chinese yuan on OTC platforms were recorded. This writes The Block. Analysts suggested that the changes are related to attempts by […]
Forbes: Cryptocurrency Billionaires Lost $ 15.5 Billion During May 19 Drop
Forbes estimated that cryptocurrency billionaires lost a total of $ 15.5 billion during the crash on May 19. Data were taken over the past nine days, when almost all markets experienced a recession, ending with a serious fall on May 19. The biggest losses incurred by the head of the FTX exchange Sam Bankman-Fried. His […]
Bitcoin Dropped By 30% In A Week: What Is Happening On Crypto Market
The largest digital asset exchanges Coinbase and Binance were overwhelmed. For the first time since February, the bitcoin rate fell by 30%. The cryptocurrency pulled all the altcoins with it. There may be several reasons for this drop: Elon Musk and Tesla. The Tesla founder stated that the company was abandoning bitcoin as a means […]
Elon Musk Hinted At The Sale Of All Bitcoins Which Tesla Holds
Against the background of Musk’s post, the cryptocurrency rate went down. The founder of the Tesla electric car manufacturer Elon Musk hinted that the organization could sell or intends to sell all BTC. Indeed — Elon Musk (@elonmusk) May 16, 2021 One of the members of the crypto community suggested that information about the sale […]
SEC Reveals On The Problems Of Bitcoin Futures And Risks of Crypto ETFs
Regulator believes that the high level of volatility of the cryptocurrency retains its status as a highly speculative asset. US Securities and Exchange Commission (SEC) has warned investors about the risks of investing in bitcoin futures. According to the officials, market participants should reconsider their decisions about working with crypto derivatives. Representatives of the SEC […]
Norway To Start Testing National Digital Currency (CBDC)
The country’s central bank stressed that the decision to launch CBDC has not yet been made. Norwegian central bank has announced that it is going to test various technical solutions for the central bank’s digital currency (CBDC). The regulator has been conducting research in this area for four years. The trials are expected to last […]
Spanish Tax Agency Issues Warning For Cryptocurrency Owners
Spanish tax agency (Agencia Tributaria) has warned cryptocurrency holders to declare digital assets. In case of failure to comply with this requirement, they may be fined. According to Telemadrid publication, Spanish Ministry of Finance (Ministerio de Hacienda) reminded residents of the country that cryptocurrency assets are subject to taxation. In case, if the crypto holder […]
Elon Musk’s Tesla Started Selling Cars For Bitcoin
Elon Musk announced the start of sales of Tesla electric cars for Bitcoin in the United States. Tesla is using only internal & open source software & operates Bitcoin nodes directly. Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. — Elon Musk (@elonmusk) March 24, 2021 Bitcoin payment option […]
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