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China’s central bank, the People’s Bank of China (PBoC), has warned of “bubbles” in blockchain-related financing and investment, Reuters reported Nov. 6.The PBoC, which is known for its anti-cryptocurrency stance, has reportedly advised that the government strengthen its supervision of “speculation, market manipulation and other irregularities,” which it claims are common in domestic blockchain investment…

Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. 54 Total views 1 Total shares Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.The partnership, announced on Sep. 18, will shore up Localcoin’s

Ripple continues its run of acquisitions, announcing an expansion into Iceland with its acqui-hire of crypto trading firm Algrim in a blog post on Sept. 30.Ripple strengthens European presenceThe acquisition adds six engineers to Ripple’s ranks. This new team will play an integral role in its On-Demand Liquidity (ODL) program.Per the announcement, Iceland will now…

The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.

Developers are switching their efforts to DeFi as it takes a larger slice of the crypto market. 1594 Total views 9 Total shares Software engineers and developers are slowly switching their attention from layer-one blockchains once dubbed ‘Ethereum killers’ to the ever-increasing number of new decentralized finance protocols.A February Blockchain Development Trends report by venture…

“We’re not a merit regulator, so we shouldn’t be in the business of deciding whether something is good or bad,” SEC Commissioner Hester Peirce said. 821 Total views 5 Total shares Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs).During an online appearance…

Almost 2% of the world’s Bitcoin (BTC) supply is now under the control of a single company: Grayscale and its Bitcoin Trust (GBTC).In its latest quarterly report on April 16, Grayscale revealed that GBTC now contains 1.7% of the circulating supply of Bitcoin.Bitcoin investors shun “risk-off” moodIn terms of assets under management as a proportion…

The Free Democratic Party (FDP) in Germany proposes to issue a new cryptocurrency called Arbil to anyone who removes CO2 or other greenhouse gases from the atmosphere.Get paid to withdraw CO2 from the atmosphereIn a report by local news daily Welt on Sept. 2, the FDP recognizes that it is no longer enough to focus…