The Bank for International Settlements (BIS) launched its Toronto Innovation Hub on June 13, partnering with the Bank of Canada. The hub is expected to spearhead financial initiatives in Canada and extend its influence across Latin America and the Caribbean. BIS Innovation Hub Will Explore Next-Generation Financial Market Infrastructures The BIS Innovation Hub in Toronto...
Bitcoin, the flagship cryptocurrency, has tumbled to its lowest level in 30 days, reaching $65,057 amidst a flurry of market uncertainties. This recent downturn has sparked debates about Bitcoin’s price prediction, with investors questioning whether this is a temporary setback or a sign of deeper trouble ahead. The confluence of factors contributing to this decline,...
Ripple Labs made a strong case in its lawsuit against the US Securities and Exchange Commission (SEC) on June 13. Citing the Terraform Labs settlement, Ripple argued that the penalty proposed by the regulatory body should be reduced to $10M. By drawing this parallel, Ripple seeks to reduce the SEC’s proposed penalty. Deep Insights into...
The Biden administration’s upcoming strategy meeting on Bitcoin, involving key figures like billionaire Mark Cuban, signals a potential shift in U.S. crypto policy. With Democratic Rep. Ro Khanna from Silicon Valley hosting this discussion, the focus will be on fostering Bitcoin and blockchain innovation in the U.S. This roundtable, set for early July, aims to...
Crypto: The Game made the 2024 Primetime Emmy Awards ballot for outstanding emerging media programs on June 14, according to the legendary award show’s nominations-round voting site. Crypto: The Game Makes History With Emmy Awards Nominee Ballot Should the “Survivor” style interactive game make the formal ballot when voting ends on June 24, it would...
Investment management firm VanEck is planning to list its first spot bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) on Thursday. This latest milestone will represent a significant step forward for both the Australian financial industry and the broader acceptance of digital currencies in mainstream investment portfolios. The ETF, introduced by VanEck, allows...
Turkey is set to implement a major fiscal overhaul that includes a 0.03% transaction tax on cryptocurrency trading. The new taxation addresses the country’s budget deficit, exacerbated by the 2023 earthquakes. The proposed tax reforms are expected to generate substantial revenue and mark the largest change to Turkey’s tax system in decades. Turkey’s New Cryptocurrency...
Venezuela’s President Nicolás Maduro and the government are seeking ways to circumvent the recent US sanctions using crypto, alleged critics. According to Venezuelan crypto activists, the government and the president’s regime have been considering several methods to evade US-imposed sanctions. “When you’re talking about regimes that are subject to sanctions, they’re typically going to look...
Japan’s top financial regulator has issued an official warning to the LBank Exchange as it looks to crack down on overseas crypto exchanges that target Japanese customers. On June 14, the Financial Services Agency (FSA) issued a warning to the LBank Exchange for offering Japanese residents “cryptocurrency transactions without registration.” Japanese Regulator to Exchange: Stop...
The Bitcoin price has dropped by 0.5% in the past 24 hours, with its reading of $66,155 also making for a loss of 0.7% in the past hour. Its minor change comes as the cryptocurrency market as a whole falls by 0.5% today, with BTC down by 4.5% in a week. However, the market’s biggest...