Stablecoins on Bitcoin coming soon, says Lightning Labs CEO

Eddie Alvarez has been convinced to buy into Bitcoin by fellow former MMA champion Ben Askren, saying that he “can’t sit on the sidelines any longer.” American mixed martial artist and former UFC lightweight champion, Eddie Alvarez, has bought one Bitcoin (BTC). In a tweet, May 7, he claimed he “can’t sit on the sidelines…

If approved, the legislation would place crypto assets held by Brazilians overseas subject to the same tax rules governing traditional assets. 175 Total views 2 Total shares Brazilian lawmakers are moving forward with a legislation that would raise taxes on cryptocurrencies held overseas. According to local reports, a congressional committee has approved amendments to a…

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP).Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to power the

A new Bitwise survey highlights a more favorable attitude toward Bitcoin and cryptocurrencies. 858 Total views 4 Total shares Cryptocurrencies like Bitcoin (BTC) are increasingly being used by financial advisers as a hedge against inflation, underscoring the dramatic shift in institutional sentiment toward digital assets. The "Bitwise/ETF Trends 2021 Benchmark Survey" reveals that 9.4% of financial advisers…

Despite a challenging year for the crypto industry, nearly 40% of respondents indicated a plan to purchase cryptocurrencies like Bitcoin in 2023. 430 Total views 18 Total shares Own this piece of crypto history Collect this article as NFTDespite the gloom of the ongoing cryptocurrency winter, coupled with failures of crypto giants like FTX, the…

The recent collapse of the once third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.Stablecoins' stability in questionStablecoin firms claim that each of their issued tokens is backed by real-world and/or crypto assets, so they behave as a vital component in the crypto market, providing traders…

“The question is when this will happen, how it will happen and how it will be regulated. Now both the Central Bank and the government are actively engaged in this,” said trade minister Denis Manturov. 434 Total views 15 Total shares Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry…

HSBC will not be joining the growing list of major banks offering Bitcoin and crypto investment products to customers and clients. 3552 Total views 3 Total shares The recent tumultuous price action for cryptocurrencies seems to be providing ample opportunity for popular anti-crypto bank HSBC to double down on its negative stance towards virtual currencies.Speaking…

CoinMarketCap’s new crypto education portal aims to provide holistic content for newcomers to the industry. Veteran crypto markets data aggregator CoinMarketCap (CMC) is venturing into new territory — cryptocurrency education.CMC first made its name as a price-tracking website for cryptocurrencies back in 2013 and has remained at the center of ongoing efforts to establish reliable…