Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks
The change in regulatory stance marks the end of a ban on crypto use in the country that began in 2014.
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Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
Japanese bank holding and financial services company Mitsubishi UFJ Financial Group, Inc. (MUFG) said it will use Ripple (XRP) to create a new cross-border payments service to Brazil in a press release Nov. 9.MUFG, which has demonstrated an increasing interest in cryptocurrency products, will partner with Brazil’s Banco Bradesco to create the platform through its…
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EU Lawmakers Want to Create a New Regulator for Crypto ‘Blind Spots’
The European Parliament has published a study identifying a number of legislative blind spots pertaining to crypto asset oversight in the European Union.The report identifies stablecoins, token-based fundraising, and the threat of money laundering through crypto mining among recent industry developments necessitating a regulatory response.Crypto mining identified as money laundering riskThe report asserts that cryptocurrency…
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Regulatory fears put a damper on Ethereum traders’ $5,000 target
This week Ether (ETH) price came within 2% of its all-time high, and on Dec. 2 the altcoin reached its highest price in Bitcoin (BTC) terms since May 2018. Ether hitting 0.0835 in its BTC pair represents a 229% gain for 2021, but Ether bulls might come out empty-handed from this Friday’s $680 million options…
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State reserve bills add up to $23B in Bitcoin buys: VanEck
Some 20 US states are mulling creating Bitcoin reserves, and so is the federal government.
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Javier Milei-endorsed Libra token crashes after $107M insider rug pull
Insider wallets started cashing out just three hours after the token was launched, erasing over $4 billion from its market capitalization.
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Spotify competitor Audius airdrops $8M of tokens to users and artists
Audius has retroactively distributed $8 million in governance tokens to musicians and listeners who have been using the platform. 147 Total views 1 Total shares The crypto-powered Spotify competitor Audius has retroactively distributed 50 million of its native AUDIO tokens to artists and listeners using the platform.The distribution came alongside the launch of the AUDIO…
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Brexit and fintech: A spring stocktake
It has been four months since the Brexit trade deal came into effect between the United Kingdom and the European Union. The deal, in common with other free trade agreements, does very little to support the export of financial services from the U.K. into the single market. As a result, spring has seen financial services…
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Ethereum Istanbul Hard Fork Release Date Confirmed By Core Developer
Team lead at the Ethereum (ETH) Foundation Péter Szilágyi has confirmed Dec. 4 as the expected date for the network’s forthcoming Istanbul hard fork.In two tweets posted on Nov. 7, Szilágyi indicated that Istanbul will commence at block 9069000. He provided Geth mainnet node operators with a link to a new maintenance release designed to…