Charlie Munger wishes cryptos had never been invented

Warren Buffet’s long term investment partner Charlie Munger expressed his contempt for crypto again by supporting China’s stand on Cryptocurrency. He called the crypto boom insane.

We want to be the AWS of crypto,’ says Coinbase exec

Coinbase expressed its desire to become the Amazon Web Services of crypto. Surojit Chatterjee, the CPO of Coinbase was talking to Forbes in an interview.

Crypto Exchange Bitget Suspended After Spat With K-pop Group BTS

Singapore’s financial regulators have suspended Bitget, a fast-growing crypto exchange platform, after listing and promoting the digital currency Army Coin. Named after the powerful fans of the biggest boy group in the world–BTS, Bitget intended to use these coins to provide “lifetime financial support for BTS”.

Binance plans to become registered UK firm despite regulatory setbacks

Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year.

Miami hosts CryptoWorldCon International Blockchain & Cryptocurrency Conference April 2022

Miami will host CryptoWorldCon (CWC) next year. It will be a mega event of blockchain technology and cryptocurrencies conference/trade show, focusing on cutting-edge schemes and trends in the blockchain market, held at one of Miami’s most prominent and renowned venues.

Crypto Market falls; Bitcoin down by more than 10%

Fear of tapering, inflation and other negative cues hit the Crypto market as well. Bitcoin even touched $42K. Ether and other cryptocurrencies also are down. The market participants are in fear of the Bear market.

US lawmaker urges congressional action on crypto as government avoids shutdown

Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation if the Securities and Exchange Commission (SEC) is unable to provide sufficient guidance on cryptocurrencies.

El Salvador stacks 150 Bitcoin after BTC price crashes below $50k

The Republic of El Salvador has procured 150 Bitcoin (BTC) amid the biggest bear market since Bitcoin attained an all-time high of nearly $68,000 back in the first week of November. El Salvador has 1270 BTC now.

Norwegian Block Exchange to become first Nordic crypto platform to list on Euronext

Norwegian Block Exchange said on Friday that it would become the first Nordan country to list its shares on the pan-European Euronext stock exchange. The exchange has eight cryptocurrencies listed and about 20 trading pairs available. 

Digital dollar needs broad consensus among authorities, says US Treasury Secretary

U.S. Treasury Secretary Janet Yellen has given her opinions on the potential of a digital dollar but is hesitant to come to any conclusions at this stage in proceedings. She said that such a move would require broad consensus among Congress, the U.S. central bank and the White House. 

Charlie Munger wishes cryptos had never been invented

Warren Buffet’s long term investment partner Charlie Munger expressed his contempt for crypto again by supporting China’s stand on Cryptocurrency. He called the crypto boom insane.

We want to be the AWS of crypto,’ says Coinbase exec

Coinbase expressed their desire to become the Amazon Web Services of crypto. Surojit Chatterjee, the CPO of Coinbase was talking to Forbes in an interview.

Crypto Exchange Bitget Suspended After Spat With K-pop Group BTS

Singapore’s financial regulators have suspended Bitget, a fast-growing crypto exchange platform, after listing and promoting the digital currency Army Coin. Named after the powerful fans of the biggest boy group in the world–BTS, Bitget intended to use these coins to provide “lifetime financial support for BTS”.

Binance plans to become registered UK firm despite regulatory setbacks

Binance CEO Changpeng Zhao said the exchange is planning to expand to the U.K. in the next six to 18 months, despite being instructed by the country’s regulator to cease trading earlier this year.

Miami hosts CryptoWorldCon International Blockchain & Cryptocurrency Conference April 2022

Miami will host CryptoWorldCon (CWC) next year. It will be a mega event of blockchain technology and cryptocurrencies conference/trade show, focusing on cutting-edge schemes and trends in the blockchain market, held at one of Miami’s most prominent and renowned venues.

Vladimir Putin says cryptocurrencies come with risk

Vladimir Putin, the President of Russia, said that cryptocurrencies bear high risks and the nation needs a better regulatory framework. The regulation is weak in Russia now, with no laws surrounding crypto mining.

Coinbase will establish presence in Israel 

Coinbase will purchase Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. “We’ve long recognized Israel as a hotbed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields,” said Coinbase.

Shiba Inu gains over 30% in just 2 days

With Kraken announcing SHIB listing, the price of the crypto has moved up by 30%. SHIB’s price broke above the flag’s upper trendline, accompanied by a rise in intraday trading volumes.

Crypto named after SpaceX’s Starlink satellites gain over 140% in 3 days

The supersonic price rally in the StarLink crypto market appeared as SpaceX launched 53 Starlink orbit satellites into space on Saturday. The name alone acted as a common denominator between StarLink the crypto and Starlink the SpaceX satellite wing. As a result, it appeared that traders merely pumped the crypto through coordinated efforts while attempting to cash in on SpaceX’s satellite launch event. 

Fidelity launches ETF in Canada

Fidelity Investments, one of the largest asset managers, is set to launch crypto ETF in Canada. The company is not waiting for US Securities and Exchange Commission to take a decision.

Kazakhstan runs short of power due to crypto mining

Kazakhstan, a country with a large number of leading crypto miners, is facing a massive power outage. The country is currently importing electricity from Russia at a higher tariff. The government had earlier commented on mining a few weeks earlier saying there is no revenue generation despite being a leading miner.

India will not recognise Bitcoin as a currency

Finance Minister Nirmala Sitharaman reiterated that there is no proposal to accept Bitcoin as a payment method. She added that the government does not collect data on Bitcoin transactions.

Bombay HC directs Centre to inform it about the introduction of the bill on cryptocurrency

Bombay High Court directed the government to update with the crypto bill. The court was hearing a Public Interest Litigation (PIL) filed by advocate Aditya Kadam, seeking directions to the central government to formulate laws to govern the use and trade of cryptocurrency within the country.

Coinstore begins operation in India

Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the government is preparing legislation to effectively bar most private cryptocurrencies. Coinstore plans to recruit about 100 employees in India and spend $20 million for marketing, hiring, and development of crypto-related products and services for the Indian market.

Thailand to use crypto to revive the economy

The Tourism Authority of Thailand plans to collaborate with local cryptocurrency exchanges and companies to develop infrastructure for accepting crypto as a medium of exchange for tourism. The country’s tourism was hit badly due to COVID.

UK Digital services tax targets crypto exchanges

According to a report, crypto exchanges in the United Kingdom will have to pay a 2% digital services tax. Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments and therefore exchanges are not eligible for financial exemptions. The digital services tax on revenue was introduced in April 2020 targeting social media and search giants such as Facebook and Google.

Omicron token spikes 900%

A relatively obscure cryptocurrency called Omicron (OMIC) has surged to an all-time high today as a new fast-spreading COVID-19 variant got christened with the same name. Analysts said that it is in a giant bubble.

Democratic senators oppose President Biden’s OCC Omarova nomination

A group of five Democratic senators has reportedly rejected United States President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC).

Vitalik Buterin proposes calldata limit per block 

Ethereum co-founder Vitalik Buterin has proposed a new limit on the total transaction call data in a block to decrease the overall transaction call data gas cost over the ETH network. 

Cryptocurrency ban in India will lead to more unlawful usage, complete tax evasion, says BACC

IAMAI’s Blockchain and Crypto Assets Council (BACC) said that a blanket ban on cryptocurrencies in the country will encourage non-state players, thereby leading to more unlawful usage of such currencies. IAMAI stands for Internet and Mobile Association of India. Its mandate is to expand and enhance the online and mobile value-added services sectors.

New COVID variant takes Bitcoin price below $55K

With the fear of the new COVID variant spreading across the globe, markets worldwide fell heavily. Bitcoin was no exception seeing a heavy fall. BTC is trading around $54K now. This is 20% below the all-time high of $69K.

El Salvador buys 100 BTC

El Salvador celebrated Black Friday when the prices fell. The President said that 100 BTC was added making use of the global sell-off, taking the total to 1220 BTC.

Two Bitcoin Funds launched in Singapore by MAS-regulated fund manager

Fintonia Group, a fund manager regulated by the Monetary Authority of Singapore launched two institutional-grade Bitcoin funds. The founder said that the funds are live and investors can subscribe and redeem regularly as they are open-ended funds, similar to a mutual fund. He added that the funds are only available for accredited Investors.

Tanzania to launch CBDC

The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighbouring countries announced similar initiatives.

Bitcoin too volatile to be adopted as legal tender, says BoE chief

Andrew Bailey, the Governor of Bank of England said that Bitcoin cannot be accepted as legal tender with the volatility that it exhibits now. He said that the moves by El Salvador are quite alarming and the consumers will suffer from the extreme volatility.

New German government cites crypto in the coalition agreement

Three German political parties agreed to a coalition deal this week where they said that they will advocate for an equal playing field between traditional finance and cryptocurrency. The coalition calls for a new “dynamic in relation to the opportunities and risks from new financial innovations” such as crypto assets and blockchain businesses.

South Korean regulator proposes strict new rules for token issuers

South Korea’s Financial Services Commission (FSC) has issued a report outlining its new definition of cryptocurrencies, along with proposed procedures for token issuers and punishments for non-compliance. The FSC would require these entities to submit a white paper, obtain a favourable rating from a recognised token evaluation service, obtain a legal review of the project, and disclose regular business reports to users.

Thai lawmakers urged to approve tourism crypto to entice digital nomads

The Tourism Authority of Thailand has been planning to launch its utility coin to attract tourists. Reports said that the infrastructure is ready and they are waiting for the government to approve.

Report claims each Solana TX uses less energy than 2 Google searches

Reports said that Solana TX uses very little energy. The blockchain consumes 24 times less energy than charging a phone. The Solana network is less decentralised than Bitcoin or Ethereum with 1,196 validator nodes that process an estimated 20 million transactions per year. The report states the Foundation will further reduce the network’s energy usage by implementing a program before the end of this year to become carbon-neutral and offset the environmental footprint of the ecosystem.

India cannot risk being a late mover in accepting crypto: Ashish Singhal

Ashish Singhal, CEO of CoinSwitch Kuber, said that cryptocurrencies provide India with an opportunity to turn into a net exporter from a net importer of technology. Industry experts and lawyers expect that cryptocurrencies will be regulated and there will not be an outright ban.

More Than 50% of Indians Surveyed Don’t Want Crypto Legalized

More than half of the people surveyed in India are against legalizing cryptocurrencies, according to an opinion poll published on Wednesday. The report comes on the back of the Indian government proposing a law to regulate the use of crypto and to create an official digital coin. The survey showed 54% don’t want the government to legalize cryptocurrencies but instead to tax them like a digital asset held in a foreign country, pollster LocalCircles said. These findings were based on a survey of 56,000 people in the last 15 days.

Bitcoin stages recovery, surges 5%

Bitcoin, the world’s largest cryptocurrency, extended the recovery it had staged after crashing over 25% on Wednesday morning. It was trading over 5% higher at Rs 42.96 lakh today. Bitcoin prices had crashed on Wednesday after a government bulletin said the cryptocurrency bill seeks to ban all private cryptocurrencies in India.

Ripple Partners With Republic Of Palau To Develop National Digital Currency

Digital payment network Ripple has partnered with the Republic of Palau to develop its own digital currency. The payment network is still on a mission to dominate the global payments industry. The partnership with Ripple will focus on developing a USD-backed digital currency, more like a stablecoin rather than a central bank digital currency (CBDC). This currency would help facilitate cross-border payments for the nation.

Pokemon Go maker Niantic has a new game that lets players earn Bitcoin rewards

Niantic, the developer behind Pokemon Go, has teamed up with payments company Fold to create an augmented reality (AR) game where players can earn Bitcoins. This real-world metaverse has Niantic’s real-world mapping tech coming together with Fold’s app capabilities. Players can explore the real world around them and win cryptocurrency rewards. Niantic’s AR tech has players looking for rare creatures on Pokemon Go and battling other players.

Adidas confirms first crypto partnership with Coinbase and The Sandbox

Adidas has recently announced a new partnership with Coinbase and Metaverse gaming project The Sandbox. The sportswear giant has revealed little to no details so far, but it appears that the firm has taken a major step forward into the cryptocurrency and blockchain industry. Speculation has emerged that Adidas could be partnering to enable crypto payments for the sportswear firm, bringing a potential digital asset payment integration to the Adidas ecosystem.

Only a handful of cryptocurrencies that exist today likely to survive: Raghuram Rajan

Out of the 6,000-odd cryptocurrencies currently in existence, only a few are likely to survive, according to the former RBI Governor Raghuram Rajan. “If things have value only because they will be pricier down the line, that’s a bubble,” Rajan said. He added that the issue was that most cryptocurrencies did not have permanent value. Additionally, some of them would survive to facilitate payments, especially cross-border payments.