Kyrgyz Republic proposes digital som legislation, CBDC launch by 2027

Bitcoin (BTC) faces an uphill struggle to reignite its uptrend after its biggest one-day losses of 2023.The largest cryptocurrency continues to claw back lost ground after falling to lows of $40,200 after the Dec. 10 weekly close, the latest data from Cointelegraph Markets Pro and TradingView shows.BTC/USD 1-hour chart. Source: TradingViewWith BTC price action taking

Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.

The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours. 917 Total views 28 Total shares Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture.As of this writing, the campaign has raised over $10.7…

U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo has said that crypto needs a “do no harm” approach from regulators to flourish, in an interview at the annual Singapore Summit today, Friday 14.Chairman Giancarlo said he took the precedent from the early days of the Internet, which he argued was able to develop…

The legislation would oblige the DFA managers to withhold any deals, implicating the usage of crypto as a monetary surrogate In recent months, Russian legislators have been preparing measures to fully institutionalize crypto as a properly taxable investment asset and a possible tool for foreign trade in Russia. Now, they want to make clear that…

The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020. Total crypto market cap in USD, 4-hour. Source: TradingViewThe price of Bitcoin (BTC) dipped a mere 2.8% on the…

Four South Korean cryptocurrency exchanges are reportedly facing stricter regulation as they aim to renew their banking accounts. As local industry media TheBchain reports on July 29, the new requirements come after the Financial Action Task Force (FATF) released recommendations on virtual currency regulations.Per the report, South Korean cryptocurrency exchanges Bithumb, Upbit, Coinone and Korbit…

Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17.Also, I’m buying Manchester United ur welcome— Elon Musk (@elonmusk) August 17, 2022 Fake Man U token pumps after Elon Musk's tweetTo clarify, MUFC is not an…