Douglas Rodriguez, president of the Central Reserve Bank of El Salvador, has dismissed fears that the country adopting Bitcoin (BTC) as legal tender will scupper plans for a $1.3 billion loan facility from the International Monetary Fund (IMF).According to Bloomberg on Tuesday, Rodriguez stated that the central bank does not see any risks associated with the Bitcoin law even as…
As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies.Aleksandr Pankin, Deputy Minister of Foreign Affairs of Russia, reiterated the country’s plans to reduce the U.S. dollar share in Russia’s international reserves and its usage in settlement with foreign partners…
Cryptocurrency lending firm Nexo Financial denies the allegations of offering unregistered services to New Yorkers put forth by Attorney General Letitia James.Attorney General James directed two unnamed crypto lending companies to cease operations On Oct. 18, citing failure to register the business in New York and performing unlawful activities. Crypto lender Nexo is revealed to be one of the two…
It’s been 150 days since China banned Bitcoin (BTC) mining — and BTC price action has only benefited as a result.Five months ago, China caused a considerable but not unsurprising stir by doubling down on its hostile environment policy towards cryptocurrency.Bitcoiners to China: Thanks for the banJust like every “ban” before it, China’s move against miners saw temporary price turbulence,…
An automated trading platform can help users identify and execute cryptocurrency trades with less manual effort. It can be difficult for traders to find the time necessary to spend in front of graphs as they attempt to determine the right time to buy and sell. As a result, many have found that they have lost out on many opportunities since…
One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, has more than R$56 billion…
The central bank of France continues actively exploring a central bank digital currency (CBDC), completing a significant trial of a blockchain-based CBDC in the country’s debt market.Over 500 institutions in France have participated in a 10-month experiment testing a CBDC issued by Banque de France for government bond deals, The Financial Times reported Oct. 19.The CBDC trial was led by…
The National Police have issued a warning for a wave of cryptocurrency-related investment scams in Spain. The amount that has been lost in these kinds of investments recently is €240,000 related to just two complaints. However, there has been a rise in the complaints presented by citizens due to the popularity that these financial instruments are experiencing now. National Police…
A “favorite” Bitcoin (BTC) price signal could be about to turn bullish — and upside has always resulted, data shows.As noted by podcast host Preston Pysh on Oct. 18, the Long-Term & Short-Term Holder Realized Price Ratio (LTHSTH-RPR) looks primed to print a bull flag.Chart hints at return of the bullsIt may sound wordy, but LTHSTH-RPR is one of the…
FinCEN, the U.S. Financial Crimes Enforcement Network, linked more than $5 billion in bitcoin transactions to the most common ransomware variants out there. The organization stated in a report issued last week that the mean average total monthly suspicious amount of ransomware transactions was $66.4 million during the first two quarters of 2021. FinCEN also determined that the most used…
