Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

Post Views: 119 Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Lael Brainard, the vice chair of the Board of the…

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Crypto Payments Are Acceptable in Foreign Trade, Russia’s Financial Watchdog Says

Post Views: 99 Russian financial watchdog Rosfinmonitoring is ready to accept the use of cryptocurrencies in international settlements, the head of the agency, Yuri Chikhanchin, has indicated. The statement adds to growing support for the legalization of international crypto payments in Russia amid financial restrictions imposed over its invasion of Ukraine. Speaking in the Federation…

Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows

Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows

Post Views: 75 The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. Out of the 20 countries…

LYO Credit (LYO) Is Now Available for Trading on LBank Exchange

LYO Credit (LYO) Is Now Available for Trading on LBank Exchange

Post Views: 79 PRESS RELEASE. INTERNET CITY, DUBAI, Jul. 10, 2022 – LBank Exchange, a global digital asset trading platform, has listed LYO Credit (LYO) on July 7, 2022. For all users of LBank Exchange, the LYO/USDT trading pair is now officially available for trading. Introducing LYOPAY LYOPAY is a crypto payments app that expanded…

Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner

Bitcoin’s ‘Fundamental Value Is Not in Line With Market Price’ — Crypto Miner

Post Views: 87 Profitable bitcoin mining is essentially a result of an efficient and highly skilled team of professionals that can maintain runtime, a founder of a Bitcoin mining company has asserted. Therefore, even when the price is hovering around $20,000, a bitcoin miner with these attributes can still operate profitably. Besides having to deal…

Hacker Selling 1 Billion Chinese Citizens’ Data for 10 BTC, Zuckerberg’s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review

Hacker Selling 1 Billion Chinese Citizens’ Data for 10 BTC, Zuckerberg’s Meta Ends Novi Project, and More — Bitcoin.com News Week in Review

Post Views: 92 In this week’s bite-sized digest of the hottest stories from Bitcoin.com News, a hacker claims to have stolen a massive amount of Chinese citizens’ personal data from Shanghai police, and now wants to sell it for ten bitcoins. Also, Mark Zuckerberg’s Meta has ditched the Novi project, after unveiling a new metaverse…

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

Post Views: 110 On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” This process…

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

Post Views: 69 Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, more severe measures to…