In advance of presenting its comprehensive view on crypto regulations, the Central Bank of Russia has indicated that it sees no place for cryptocurrencies in the country’s financial market. The monetary authority also announced that the prototype of the platform for its own digital currency is already completed. Bank of Russia to Issue Report on Cryptocurrency Known for maintaining a…
The Advertising Standards Authority (ASA), a body that oversees advertising in the United Kingdom, is cracking down on non-compliant crypto advertisements. Earlier this year, Arsenal became one of the many football clubs to collaborate with blockchain firm Chilliz and launch a fan token. On August 12 this year, the club promoted its fan token AFC on its official Facebook page,…
Convicted terrorist Khuram Iqbal, a 29-year-old British national, has been jailed for 16 months after trading cryptocurrencies on the dark web, per the BBC. This is not the first time Iqbal has faced jail time. In 2014, he was jailed for disseminating terrorist publications, and possessing terrorist information—including al-Qaeda’s Inspire magazine. At the time, he was jailed for three years…
In an announcement made on Wednesday, China’s official Xinhua News Agency will issue its first series of NFT collectibles. The move is a thumbs up to blockchain technology previously shunned by the People’s Republic of China (PRC). In an official notice, Xinhua plans to publish 10,000 copies of 11 photos taken by journalists in 2021. The stride into NFTs is…
Kraken, a major American crypto exchange, has announced the acquisition of Staked, a non-custodial staking platform that enables investors to compound their holdings in digital assets issued on proof of stake blockchains. The terms of the deal are not publicly disclosed, however, according to Kraken, it is “one of the largest deals in the history of crypto”. “This acquisition perfectly…
Bitcoin (BTC) may have fluctuated in price this year, but BTC remains a better play than the biggest crypto stocks. New data currently circulating shows that for all the growth in the industry surrounding Bitcoin, it still pays simply to buy and hold. Stocks fail to compete with BTC, ETH Looking at the stock performance of firms with the largest…
GSC Game World and Ubisoft, two game development companies, are dealing with backlash about the inclusion of NFT elements in some of their games. While GSC Game World — developer of the popular Stalker gaming franchise — has abandoned its plans in this regard, Ubisoft is pushing forward and has announced a partnership with Aleph.im to store images from its…
The UK’s Advertising Standards Authority has banned two advertisements for Arsenal FC’s $AFC fan token, claiming the soccer club was misleading fans over the risks associated with cryptocurrencies. The ASA said the adverts “trivialised investment in cryptoassets and took advantage of consumers’ inexperience or credulity” and “failed to illustrate the risk of the investment,” as well as not making it…
Bitcoin (BTC) neared $50,000 on Dec. 22 as hopes began to appear that the price correction could be over. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Get bullish once $50,500 breaks — analyst Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $49,600 on Bitstamp — its highest since Dec. 13. A cross-crypto boost from turmoil in the…
The Central Bank of Argentina has announced it is making inquiries regarding cryptocurrency investment companies. Specifically, the bank stated they are investigating companies that are offering extraordinary returns with cryptocurrency investments, which are not reasonable. These companies could be operating as Ponzi schemes, according to the bank, and it is currently examining the possibility of taking legal action against them.…
