Millions of customers dining at 500 restaurants across the U.S. will soon be able to earn bitcoin points, thanks to a partnership between restaurant giant Landry’s and New York Digital Investment Group (NYDIG). In addition, Landry’s said it will buy bitcoin for its treasury. “We view bitcoin as a good choice for a portion of our own treasury, so we…
The National Ulema Council (MUI), Indonesias top Islamic scholarly body, has reportedly found cryptocurrencies like Bitcoin (BTC) to be haram, or forbidden, by the tenets of Islam. Asrorun Niam Sholeh, chairman of MUIs Fatwa Commission, confirmed the religious authoritys rejection of cryptocurrencies due to alleged elements of uncertainty, wagering and harm. In order for the MIU to endorse crypto trading,…
Digital asset manager Grayscale has topped $60 billion in assets under management (AUM), surpassing the AUM of SPDR Gold Shares, the largest and most liquid gold exchange-traded fund (ETF) in the world. According to the firm’s Wednesday update, Grayscale now controls $60.8 billion in AUM, compared to SDPR Gold Shares’ current AUM of $58.3 billion. The Grayscale Bitcoin Trust (GBTC)…
E-commerce giant JD.com took payments in Chinas central bank digital currency (CBDC) at a massive local shopping event. JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion period which began on Oct. 31 and ended on Nov. 11, the firm confirmed on Thursday. Singles Day is an unofficial shopping holiday in the country…
In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading. The action is in response to an order from the Central Bank of Nigeria (CBN) demanding that all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading. According to a report by local publication Leadership, an internal memo in…
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central Bank of Russia (CBR) takes…
Bitcoin (BTC) an altcoin investment firm Grayscale now has more assets under management (AUM) than the world’s biggest gold fund. According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion $1.7 billion more than leading gold fund, SPDR Gold Shares (GLD). Praise for Grayscale, futures ETFs Grayscale’s flagship Bitcoin product, the Grayscale Bitcoin Trust (GBTC), meanwhile…
Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States. While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is designed to track Bitcoin directly, Bitwise chief investment officer Matt Hougan announced on Nov. 10. Hougan said…
Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoins recent price crash. Evergrande Group is Chinas second-largest property developer and is in debt for roughly $300 billion. There are fears that its collapse could spark a wider financial crisis. Two minutes after Evergrandes payment was due, the Deutsche Markt Screening…
The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within the crypto ecosystem serves as a glaring reminder that cryptocurrencies and blockchain technology have outgrown their humble beginnings,…
