Despite warnings from global agencies regarding its adoption of Bitcoin (BTC), El Salvador’s government continues to seize market opportunities. As the Bitcoin price fell below $46,000 on Monday morning, Salvadoran President Nayib Bukele announced on Twitter that the country has “bought the dip.” With 150 new coins, the Central American government now holds 700 BTC, worth close to $32 million at…
Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep Tayyib Erdoğan reiterated recently.Erdoğan hosted a question-and-answer event in Mersin, Turkey with youth from across the country. An attendant referred to the Digital Turkish Lira Collaboration Platform announced…
Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users. The new policy, effective since Sept. 6, is backed by Arch Underwriting, a division with Lloyd’s Syndicate 12, the company announced Monday. The policy, which includes both direct and indirect…
The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.Fraction, a wholly owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm announced Thursday.The license was granted through the…
American business magazine Fortune has launched a new decentralized donations fund alongside nonfungible token (NFT) artist Pplpleasr, with proceeds earmarked for independent journalists and programs that foster journalistic integrity. The new Fortune Journalism PleasrFund was launched on the Ethereum blockchain through Endaoment, a charity-focused decentralized autonomous organization, the company announced Monday. So far, the fund has been allocated 214.55 Ether (ETH),…
Fall is traditionally the open season for United States financial regulators. The thicket of news coming out of Capitol Hill, federal courts and various regulatory agencies can feel overwhelming around this time, especially for those of us residing outside of these venerable institutions’ purview. It is also clear that the outcomes of these legal battles will have tremendous effects on…
sponsored In recent months NFT or as it coded, non-fungible tokens became a hot topic that everyone is talking about. NFT is a valuable model of digital ownership from which you could make money. If you have paper money or money in your bank accounts, you can buy, rent, sell, invest and be an active player of the world’s stock…
Bitcoin (BTC) kept blowing through support levels during trading on Sept. 20 ahead of what promised to be a “very interesting” U.S. stock market open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo sweat for BTC traders after $42,500 visitData from Cointelegraph Markets Pro and TradingView tracked BTC/USD it briefly dipped to near $42,500 before returning to hover near $44,000 in volatile conditions.Monday’s…
Crypto markets have dropped a great deal in value over the last 24 hours as crypto assets across the board have lost anywhere between 7-15% in value during this time period. The overall market valuation of all 10,000+ crypto-assets in existence has slid just below the $2 trillion handle, losing over 9% in value during the last 24 hours. Crypto…
Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million.Under the agreement, Coinbase has been contracted to deliver “application development software as a service” for the U.S. Immigration and Customs Enforcement division (ICE). The contract took effect on Sept. 16 and will see Coinbase receive $455,000…
