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📣 After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. The Bank for International Settlements (BIS), sometimes referred to as ‘the central bank of central banks’, is out with a new report where it bashes the crypto industry while promoting what it calls “a brighter vision of the future monetary system” through central bank digital currencies (CBDCs). Follow & share 👉
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📣 Visa Launches Bitcoin and Crypto Enabled Cards in Latam Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region. Follow & share 👉
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📣 Bitcoin below $20,000, Ethereum slips under $1,000 Bitcoin fell below $20,000 on Saturday, as the sell-off in cryptocurrency markets continued to start the weekend. ETH was also trading below a key level, as prices fell below $1,000 for the first time in over 18 months. Percentage wise, the drop in ETH over the past seven days has been greater than in BTC, with prices here falling by nearly 40% since last Saturday. Follow & share 👉
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📣 Bitcoin of America Continues Rapid Expansion in 2022 Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular BTM operator has continued to rapidly expand in 2022. This year, Bitcoin of America made several updates and improvements to their services, which could have led to their rapid expansion. Bitcoin of America has seen a major increase in their BTM locations. In March, the company had around 1800 locations. To Date, Bitcoin of America has 2500+ Bitcoin ATM locations for customers to buy Bitcoin, Litecoin, Ethereum, Dogecoin, and Shiba Inu. Follow & share 👉
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📣 New Elon Musk Crypto Scam Deepfake Promises 30% Returns On Deposits Tesla CEO Elon Musk continues to be the target of online con artists who are using his image to rob traders of their cash - with a new deepfake video depicting the billionaire entrepreneur making the rounds on Twitter. “Today we are launching an investment project that is working right now if you see this video. Absolutely everyone can earn everything, it’s very simple,” the deepfaked Musk says, promising the scam’s potential victims a 30% return on deposits made in crypto. Follow & share 👉
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📣 US Senator Cruz 'Incredibly Bullish' on Bitcoin — Says 'I Have a Weekly Buy' U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish. Follow & share 👉
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📣 JPMorgan Sees 'Significant Upside' to Bitcoin — Replaces Real Estate With Crypto as 'Preferred Alternative Asset' JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally. Follow & share 👉
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📣 Coinbase Becomes First Crypto Company in Fortune 500 Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022. According to the fresh 2022 edition of Fortune 500's ratings, the largest U.S.-based cryptocurrency ecosystem, Coinbase Global, is now ranked #437; this makes it the first blockchain and Web3 business to join this elite club. Together with big pharma heavyweight Moderna, Coinbase is among the most successful newcomers to the Fortune 500 in 2022. As per the data shared in the last rating, Coinbase totals $7.8 billion in revenue and $3.6 billion in profit in 2021. Follow & share 👉
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📣 CFTC Chairman Confirms Bitcoin, Ether Are Commodities The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.” Follow & share 👉
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📣 The World Economic Forum Is Worried About Safety in the Metaverse The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming alternate world, and has given a number of recommendations to preserve them. Follow & share 👉
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📣 Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance is now a fully regulated digital asset service provider in France. Follow & share 👉
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📣 Bitcoin of America Launches New Website and Blog Bitcoin of America has officially launched a newly redesigned website and blog. The popular operator has created an all-new modern design that features their services. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular operator has made a lot of exciting changes this year. They recently announced their addition of dogecoin to their Bitcoin ATMs. They also have continued their promotion for women in crypto by sending their all-female team to Bitcoin 2022 in Miami for a second time. Bitcoin of America has seen tremendous growth already in 2022. They currently have around 2000 Bitcoin ATMs across the United States. Follow & share 👉
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📣 Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it reportedly the first bank to offer this possibility to Argentinian customers. Follow & share 👉
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📣 Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Follow & share 👉
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📣 Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Follow & share 👉
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📣 Switzerland Has 'the Most Profitable Bitcoin Traders' Worldwide, While France 'Is the Best Bitcoin Trading Nation' According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country. It is France [that claims] the title of best bitcoin traders. But there must be something in the water in mainland Europe, because their dominance of the top of the table is clear. Follow & share 👉
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📣 Founder of Zimbabwean Fintech Startup: 'Everyone Has a Right to Access Funds and Financial Freedom' Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Everyone has a right to access funds and financial freedom and we can achieve this through bitcoin. Follow & share 👉
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📣 Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. This is occurring against a longer-term increase in such cross-border transactions, bringing to the fore the challenges of applying capital flow measures and sanctions. Follow & share 👉
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📣 Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. This is occurring against a longer-term increase in such cross-border transactions, bringing to the fore the challenges of applying capital flow measures and sanctions. Follow & share 👉
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📣 Europe’s Largest Electronics Retailer to Install Bitcoin ATMs Media-Markt, the number one electronics retailer in Europe, has decided to roll out Bitcoin ATMs at twelve of its branches throughout Austria, according to a report by local newspaper Kleine Zeitung. Customers will be able to purchase Bitcoin at Kurant vending machines. Kurant, which was founded as a spin-off of Coinfinity back in 2017, currently operates 200 Bitcoin ATMs in Austria, Spain, Greece, and Germany. Media-Markt started testing such functionality in 2019 at one of its branches in Vienna. It has now decided to expand it due to strong demand. Follow & share 👉
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📣 Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’ The Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark. A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as the fiat ruble. However, the sources these outlets have used to back their claims do not appear to give any backing to such claims. Follow & share 👉
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📣 Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to identity theft or money laundering. It may happen that the bank has suspicions that identity theft with credential theft is taking place. There are frequent cases of fraud in which there is fraudulent access to the accounts of the clients of an entity after having stolen their passwords from the client, and which end in a transfer to acquire cryptocurrencies. Follow & share 👉
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📣 Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. The central bank is finalising preparations of a business case for [the] establishment of a CBDC in Tanzania and evaluation of crypto assets after recording significant progress. Follow & share 👉
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📣 Mexico's Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to 'Save Your Skin' The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Follow & share 👉
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📣 UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending. Follow & share 👉
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📣 Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon The US-based crypto exchange came in with the top score in CryptoCompare’s latest Exchange Benchmark Report, with a strong team and compliance with regulations making the exchange stand out among its peers. Meanwhile, further industry consolidation is expected, with the possibility of “an oligopoly” forming. Per the report, Coinbase is followed by the major exchanges , , and - and these are the only four exchanges with an ‘AA’ final grade in the ranking of global crypto exchanges. Among the four exchanges, Bitstamp and Gemini both scored significantly higher than others in terms of the “quality/diversity of assets.” Coinbase, meanwhile, scored markedly higher than the others in terms of the team and regulation. Follow & share 👉
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📣 Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Follow & share 👉
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📣 EU Designates ESMA as Crypto Regulator of the Region in Latest MiCA Draft The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority. Follow & share 👉
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📣 Mexican Senator Moves to Make Bitcoin Legal Tender Mexican lawmaker Indira Kempis (pictured) plans to propose legislation on a money law in addition to a bill to guarantee financial inclusion and financial education. Bitcoin law, said Samson Mow, formerly of Blockstream and now at a new company he has formed called Jan 3, for January 3 2009 when the bitcoin genesis block was mined. A bitcoin ambassador to nation states, was how Mow was described by David Portnoy of Barstool Sports. Mow is working with Kempis to arrange a meeting with the Mexican president to discuss bitcoin as legal tender, Kempis said. Follow & share 👉
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📣 A Look at the First Quarter's Top Performing Cryptocurrencies in 2022 The first quarter of 2022 has come to an end and specific digital currency markets have seen a lot of action during the last three months. Out of the top ten digital currencies, terra (LUNA) saw the biggest gains, jumping more than 43% higher against the U.S. dollar in Q1. Out of the top 30 crypto assets, unus sed leo (LEO) spiked 58% higher in value against the dollar over the last three months. Follow & share 👉
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📣 Coinbase Launches New Debit Card Amid Intensified Competition Among Exchanges, Platforms As crypto industry players continue to lure customers with debit cards that offer an expanding range of benefits and bonuses, major crypto exchange Coinbase has rolled out a new card that promises more crypto rewards and no transaction fees under certain terms. Coinbase said in a statement that its card’s forthcoming rotating rewards structure will enable customers to earn a broader variety of crypto rewards and diversify their crypto portfolios. Owing to this, customers will be eligible to earn up to 4% back on every purchase with various cryptos. “Rewards will have an expiration date. If a customer doesn’t select a reward when the next rotation is launched, we’ll automatically give them the reward with the highest crypto-back rate so they can diversify their earnings,” according to the crypto exchange. Follow & share 👉
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📣 Hollywood Has Future in Blockchain, NFTs Says Outgoing Warner Media CEO Jason Kilar, the outgoing CEO of Warner Media, has touted blockchain as a technology that could transform the entertainment industry. He also said the tech could bring about new forms of financing. “I think that’s going to be a potential wave that’s going to be coming to Hollywood, in the same way that the DVD wave came to Hollywood in the ’90s,” Kilar is quoted explaining, regarding his thoughts on NFTs and blockchain technology. Follow & share 👉
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📣 Bank of Russia Rejects Idea of Using Cryptocurrency to Circumvent Sanctions The Central Bank of Russia has turned down a proposal to allow the use of digital currencies for the purpose of sanctions evasion. The monetary authority believes this is hardly an option as Western regulators are already taking steps to prevent such transactions. Follow & share 👉
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📣 Coffee Giant Starbucks Aims to Enter NFT Business Starbucks, an American multinational chain of coffeehouses, aims to enter the non-fungible token (NFT) business by the end of the year. Billionaire businessman Howard Schultz, who has rejoined Starbucks as interim CEO, announced the news at an Open Forum on Monday, claiming that they plan to do so "before the end of this calendar year." "If you look at the companies, the brands, the celebrities, the influencers that are trying to create a digital NFT platform and business, I can't find one of them that has the treasure trove of assets that Starbucks has from collectibles to the entire heritage of the company." Follow & share 👉
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📣 Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals. Follow & share 👉
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📣 UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. It’s the ambition to make the U.K. a global hub for cryptoasset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate, and scale up in this country. Follow & share 👉
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📣 Colombian Money Laundering Watchdog Postpones Crypto Transaction Reporting Resolution The UIAF, which is the Colombian money laundering watchdog, has postponed the date on which exchanges and individuals must start reporting their transactions to the organization. The institution will now open a consulting period in which companies and individuals can present their thoughts regarding the proposed regulation, which might be modified before its application on June 1st. Follow & share 👉
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📣 China's Central Bank Adds More Digital Yuan Pilot Cities China’s central bank, the People’s Bank of China, has added more cities to test its digital currency. According to the latest official data, the digital yuan has more than 261 million users. Policies must be designed to stimulate creativity and enthusiasm among the banks, technology firms, and the local government in the development, promotion and proliferation of the digital yuan. Follow & share 👉
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📣 NFT Sales Increased by 34% This Week, Azuki Takes Top Sales, NFT Interest Remains Low Non-fungible token (NFT) sales have increased this week after a small 2.15% drop the week prior. During the last seven days, NFT sales are up 34.62% from $579 million to $779 million. The NFT collection with the most sales this past week was Azuki, as the collection’s NFT sales jumped 94.68% higher than the week before. Follow & share 👉
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📣 Indonesian Government Sets Crypto Tax at 0.1% to Be Levied Starting in May The Indonesian government has decided to tax capital gains income from crypto investments at 0.1% starting in May. In addition, value-added tax (VAT) of the same rate will be levied on crypto purchases. Follow & share 👉
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📣 Judge Dismisses Lawsuit Against Binance for Allegedly Selling Unregistered Crypto Securities A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit. Plaintiffs must allege more than stating that plaintiffs bought tokens while located in the U.S. and that title passed in whole or in part over servers located in California that host Binance’s website. Follow & share 👉
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📣 Defiance CEO 'Completely Bullish on Bitcoin' — Says It's 'a Good Time to Get in' The head of Defiance ETFs says she is “completely bullish on bitcoin.” Noting that it is a “good time” to get into the cryptocurrency, she explained why she believes the price of bitcoin will reach $100K. Follow & share 👉
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📣 Russia Will Not Try to Ban Home Crypto Mining, Finance Ministry Official Indicates A high-ranking representative of the Ministry of Finance in Moscow sees no point in banning crypto mining in Russian households as it would be hard to restrict the activity. The top official also revealed that the department is currently finalizing regulations for the mining sector as part of efforts to legalize Russia’s crypto space. Follow & share 👉
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📣 Colombian Tax Authority Warns About Consequences of Not Declaring Crypto Related Taxes The Colombian tax authority, DIAN, has reminded taxpayers that they need to start registering cryptocurrencies in their statements starting this year. The director of the DIAN, Lisandro Junco, reminded cryptocurrency users that this kind of asset is taxed as any other asset held by citizens. Colombia has already collected $1 billion in digital economy-related taxes. Follow & share 👉
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📣 Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says With sanctions cutting off Russia from global finances, Moscow’s motivation to establish a domestic market infrastructure for digital assets grows, a top official at the Russian finance ministry has noted. The comment comes as Russians are losing access to foreign crypto platforms. Follow & share 👉
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📣 US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information, leaving it vulnerable to attack, but it could also be used “as a direct surveillance tool into the private transactions of Americans.” Follow & share 👉
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📣 Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022's First Quarter During the last 12 months, there’s been an exponential number of cryptocurrency automated teller machines (ATMs) installed as data shows that 20,000 crypto ATMs were installed last year. This year machines are still being installed in great numbers and since December 30, there have been 2,759 machines added to the list of 36,659 crypto ATMs worldwide. Follow & share 👉
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📣 'No Plan to Issue CBDC' — Bank of Japan Governor Haruhiko Kuroda, the governor of the Bank of Japan (BOJ), has said the bank is currently not planning to launch a digital currency. The remarks come just a few days after the BOJ announced the commencement of the second phase of central bank digital currency experiments. Follow & share 👉
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📣 FCA Extends Deadline for Crypto Firms to Meet Regulatory Requirements in UK — 33 Firms Licensed so Far The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration. Follow & share 👉
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📣 SEC Names Crypto an Exam Priority This Year The Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. “In this time of heightened market volatility, our priorities are tailored to focus on emerging issues, such as crypto assets,” said an official with the SEC Division of Examinations. Follow & share 👉
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📣 Crypto Fear and Greed Index Hits 'Greed' for the First Time in 4 Months On March 28, the Crypto Fear and Greed Index has jumped back to the “greed” position for the first time in four months. The last time the index reached the current position was when bitcoin reached a high of $69K per unit last year on November 10. Follow & share 👉
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📣 Vietnamese Government and Central Bank Developing Legal Framework for Crypto Vietnam is creating a legal framework for cryptocurrency. The country’s deputy prime minister has instructed the Ministries of Finance, Justice, and Information & Communications to work with the central bank, the State Bank of Vietnam, on the framework. Follow & share 👉
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📣 Indian Parliament Member Asks Government to Tax Crypto Income More Than 30% An Indian parliament member has urged the government to increase the tax on crypto income from the current proposed rate of 30%, stressing that crypto trading is similar to gambling. He has also requested that the goods and services tax (GST) be imposed on the total transaction value of crypto. Follow & share 👉
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📣 Bitcoin (BTC) Reaches Highest Weekly Close of 2022 Bitcoin (BTC) increased rapidly on March 27, breaking out from several short-term resistance levels in the process and briefly moved above $47,000 the next day. Bitcoin increased significantly during the week of March 21-28, creating a large bullish engulfing candlestick in the process. The weekly close was the highest so far in 2022. Besides the bullish price action, technical indicators are also bullish. The weekly chart shows an overall bullish outlook. Follow & share 👉
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📣 Coinbase Reportedly Nears Mercado Bitcoin Purchase as Binance Readies Rio Expansion Crypto exchange giants Coinbase and Binance could be set to go head-to-head with their expansion plans in Brazil. The former is reportedly eyeing a major M&A deal to buy one of the biggest crypto exchange platforms in the Latin America region, while Binance has confirmed it will open its own Brazilian operations. Per a tweet from Estadão’s Broadcast service, Coinbase is “expected to announce the purchase of 2TM,” the operator of Mercado Bitcoin “at the end of April,” and the two parties are ready to “complete a deal.” The media outlet also claimed that Coinbase had been talking to another major local crypto exchange, the Mexican platform Bitso, but had failed to reach a deal. Follow & share 👉
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📣 The UK Set to Announce Favorable Crypto Regulations in Weeks The UK government is reportedly slated to reveal its crypto regulatory framework in the coming weeks, and it will include a special focus on stablecoins, per anonymous sources cited by CNBC. British Finance Minister Rishi Sunak is expected to make the announcement, CNBC reported, citing four industry sources familiar with the matter. The sources, who spoke on the condition of anonymity, told CNBC that the new regulatory regime is likely to be favorable to the space, helping create legal clarity around the sector. However, they noted that details of the plan are yet to be finalized. Follow & share 👉
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📣 US Senators Working on Broad-Based Crypto Regulation Two U.S. senators are working on a bipartisan, broad-based regulatory framework for cryptocurrency. “The work we’re doing is going to be a very complex and intensive review of the different aspects of this industry,” said one of the senators. Follow & share 👉
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📣 Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as well capturing an $870 billion market cap. Follow & share 👉
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📣 Coinbase Makes Changes to Services in Canada, Japan, Singapore to Comply With Local Crypto Regulations The Nasdaq-listed cryptocurrency exchange Coinbase has made some changes to its services for customers in three countries. “This change will only impact users in Canada, Singapore, and Japan who are transferring digital assets from their Coinbase exchange wallet to a wallet off the Coinbase platform.” Follow & share 👉
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📣 Russian Prime Minister, Economy Ministry Support Legalization of Cryptocurrencies Prime Minister Mikhail Mishustin and the Russian Ministry of Economic Development have backed efforts to regulate cryptocurrencies and integrate them into the country’s economy. The support comes amid mounting sanctions over the war in Ukraine which restrict Russia’s access to global finances. Follow & share 👉
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📣 Second Largest Israeli Bank Leumi Launching Cryptocurrency Trading Israel’s second-largest bank, Leumi, is launching a cryptocurrency trading service to allow customers of its digital investment platform to trade cryptocurrencies. “The service will allow Pepper Invest customers to buy, hold, and sell cryptocurrencies.” Follow & share 👉
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📣 Spanish Retailer El Corte Ingles Launches Crypto Exchange in Partnership With Deloitte El Corte Ingles, one of the biggest retailers and distributors in Spain, has taken its first step into the cryptocurrency world. The company is reportedly launching its own cryptocurrency exchange for customers of its stores. The firm has enrolled the help of Deloitte to build a new platform that will allow its customers to access cryptocurrencies as investments. Follow & share 👉
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📣 UAE Venture Capital Firm Launches $100 Million Seed Fund for Blockchain and Crypto Projects Cypher Capital, a United Arab Emirates (UAE)-based venture capital (VC) firm, has announced the launch of a $100 million seed fund that will primarily avail funding to decentralized finance (defi), gamefi, and metaverse projects. Follow & share 👉
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📣 Fed Governor Says 'Blockchain Is Totally Overrated,' Claims Crypto Is 'Just Electronic Gold' The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of resources into understanding digital currencies and the blockchain.” On Friday, Waller spoke during a panel that discussed central bank digital currencies (CBDCs) and said that CBDC white papers were similar to “infomercials.” Follow & share 👉
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📣 Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Follow & share 👉
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📣 Morocco Central Bank Discusses Crypto Regulation Best Practices With IMF and World Bank The Moroccan central bank is currently holding talks with multilateral lending institutions and other central banks, centered on establishing cryptocurrency regulation best practices. Follow & share 👉
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📣 Bitcoin & Ethereum Begin Weekend Close to Key Resistance Levels Bitcoin and Ethereum began the weekend trading close to key resistance levels, as crypto markets continued to sustain recent gains. Overall, the global cryptocurrency market cap was marginally higher on Saturday, as traders prepared for this weekend’s session. Follow & share 👉
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📣 Israeli Bank Leumi Enables Bitcoin, Ethereum Trading In a bid to attract Israeli crypto investors, Bank Leumi has announced that it will enable its customers to trade cryptoassets. Trading services will be carried out through the bank’s online trading platform Pepper Invest. Pepper Invest is offering its crypto trading services in partnership with blockchain infrastructure platform Paxos (PAX). The platform requires its customers to invest the same amount for purchases of stock, with the shares of more than 100 major US companies available via its app, according to the platform’s website. Follow & share 👉
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📣 Central Bank of Honduras Discredits Bitcoin Legal Tender Speculation On March 23, Honduras’ central bank issued a clarification on crypto assets such as bitcoin, and noted that digital currencies are not legal tender or regulated in the country. The announcement, posted via Honduras’ central bank official Twitter account, comes after lots of speculation about the Honduran president, Xiomara Castro, allegedly going to declare bitcoin legal tender in the country. Follow & share 👉
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📣 US Senate Committee Advances Bill to Mitigate Risks From El Salvador Adopting Bitcoin as Legal Tender The Senate bill to mitigate the risks from El Salvador adopting bitcoin as legal tender has advanced in the U.S. “As El Salvador has adopted bitcoin as legal tender, it’s critical we mitigate risks to our financial system,” said one of the U.S. lawmakers who introduced the bill. Follow & share 👉
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📣 World's Largest Asset Manager Blackrock: Russia-Ukraine War Has Potential Impact on Accelerating Digital Currencies The CEO Larry Fink of the world’s largest asset manager, Blackrock, says the Russia-Ukraine war has a “potential impact on accelerating digital currencies.” He confirms that Blackrock “is studying digital currencies, stablecoins and the underlying technologies to understand how they can help us serve our clients.” Follow & share 👉
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📣 Facebook Owner Meta Files 8 Trademark Applications Covering Metaverse, Crypto Services Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range of crypto services and the metaverse. They include cryptocurrencies, crypto trading, blockchain software, crypto wallets, and crypto exchanges. Follow & share 👉
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📣 Bank of England Forms New Crypto Regulation Approach The Bank of England announced the sketching of the country's first regulatory framework for cryptocurrencies and digital assets, despite saying that the sector remains small, Reuters reports. As the regulator previously noticed, the rapid growth and development of the industry is a key factor in its regulation as it may bring more risks to the financial stability of the British economy in the future if they will leave it unregulated. As the Financial Policy Committee noted, cryptocurrency assets may become a way of avoiding various limitations put on certain citizens, and even the existence of a chance puts the entire economy at risk. This is why the regulator aims to create effective public policy frameworks for the further integration of digital assets into the traditional financial system. Follow & share 👉
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📣 Goldman Sachs Main Website Is Now About Crypto and Digitalization Goldman Sachs is now pro-crypto, the main page of the website of one of the biggest investment banks in the world switched to full "crypto mode," showing users what cryptocurrencies and digitalization are. The bank is not a newbie to the cryptocurrency industry as it started working with crypto-related assets like exchange-based CME Group Bitcoin products a long time ago. But the OTC trade was a direct way for a bank to trade Bitcoin-related products. Follow & share 👉
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📣 Singaporean Court Recognizes Crypto as Property in Theft Case The High Court of Singapore, the lower division of the country’s Supreme Court, has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft. In a case involving alleged theft of bitcoin (BTC) and ethereum (ETH) with an estimated total value of USD 7m, the court has required two unnamed crypto exchanges which stored the stolen cryptoassets to provide the judiciary with materials that could allow to track down the assets. Follow & share 👉
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Last updated: 06.07.22
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