Bank Of Jamaica To Team Up With Government To Boost CBDC Adoption

The Bank of Jamaica is set to expand the country’s central bank digital currency (CBDC), JamDex, in collaboration with the government to boost its adoption rate. JamDex Expansion on the Horizon According to a recent report, the country’s CBDC drive began in 2022 in partnership with Lynk, a mobile wallet services provider. Since September, the … Read more

MasterCard Hints At 5 Key Areas Of Focus To Increase Crypto Utility

The world’s leading card payment provider, MasterCard, has revealed that it is currently working on ensuring that cryptocurrency becomes an “everyday way to pay” asset as the company envisions an increase in adoption. The 5 Areas of Focus The payment giant has made five areas its main point of concentration to turn crypto into an … Read more

Valkyrie Plans To Liquidate Its Bitcoin ETF Following Low Demand

The U.S.-based exchange-traded fund (ETF) issuer has announced that it would liquidate one of its several ETFs invested in firms exposed to Bitcoin. Low Customer Demands Forces Liquidity According to Valkyrie Funds LLC, its Valkyrie Balance Sheet Opportunities Fund (Nasdaq: VBB) will be delisted from the trading platform. The Nasdaq-listed Bitcoin-based digital asset has been … Read more

Dapper Labs Sidelines Russian Accounts Following EU Ban

After the European Union (EU) activated its eight-package sanctions on Russia by barring its citizens from holding and transacting cryptocurrencies, it seems other platforms are about to follow suit. Dapper Labs Barred Russian Accounts The developers of the Flow Blockchain, Dapper Labs, have canceled crypto accounts belonging to Russian citizens. The decision by Dapper Labs … Read more

MiCA: EU Approves Landmark Crypto Regulation Bill

In a move signifying its intent, the European Union has finally signed off on the Market in Crypto Assets (MiCA) regulations to provide comprehensive guidelines for crypto services providers. EU Endorses Industry-Wide Regulations On October 5, the European Union Council endorsed and released the official text of the long-awaited Markets in Crypto Assets (MiCA) law. … Read more

Huobi CEO Sells Entire Stake As Price Of HT Token Spikes

In a move that has surprised many, Huobi Global announced that its founder had parted ways with his entire stake at the crypto exchange after selling it to a Hong Kong-based firm. Founder Cedes Staking Control Huobi founder Leon Li is reported to have sold his entire controlling stake to About Capital Management. The agreement … Read more

Gary Gensler Defends His Stance, Says Most Cryptos Are Securities

After much ado about the status of some digital currencies, the chairman of the U.S. Securities and Exchange Commission (SEC) maintains that most cryptocurrencies are securities. Most Cryptos are Securities There have been arguments over whether digital assets could be classified as commodities or securities. Stakeholders in the U.S. crypto space see assets as commodities … Read more

Refrain From Raising Crypto Interest Rates – UN Pleads

There has been a significant decline in the price of crypto since Jerome Powell, the chairman of the Federal Reserve, released the reserve’s intention to raise the interest on crypto transactions on the 21st of September, 2022, during an economic conference. Just as expected, the UN (United Nations) has swung into action as it involves … Read more

MKR, XRP Gain Prominence as BTC and ETH Maintain their Ground Ahead of US Inflation Report

MKR and XRP cryptocurrencies are staging a rally in a crypto market that is close to being moribund while waiting for the publication of the inflation report from the US Federal Reserve. The Personal Consumer Expenditure is set to be published at any moment. Dividends of the Legal Battle Recently, XRP sold at $0.492, being … Read more

The Chinese Authorities Busted Digital RMB Money Laundering Operation

The Chinese Law enforcement agency stopped money laundering activities that involved Digital Yuan. China included four additional provinces into the testing operation of the Central Bank Digital Currency (CBDC).  The increasing use of China CBDC in China has gained international recognition. Australia, South Korea, India, and Sweden are all developing their CBDCs. 19 G20 countries … Read more

Estonia Grants Crypto Service License for the First Time

Estonia’s Financial Intelligence office has given out its operating license for crypto service provision for the first time. This was under the country’s crypto regulatory framework that was rolled out in March. Up With New Regulations The Financial Intelligence office announced the new development last week that it issued the crypto operating permit to Striga … Read more

Shiba Inu Getting Back to Relevant Price Area

Shiba Inu had seen some poor price performance in recent times. But in spite of that, the token has started to get back up, especially against certain assumptions of a dip made by crypto analysts. Necessary Factors for Breaking Out The memecoin’s 50-day exponential moving average is such a significant price area that has to … Read more