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El Salvador had made history when it became the first sovereign nation to make bitcoin a legal tender. The September 7 official adoption had sent the entire space into jubilation as it had marked a significant stride for BTC. Barely a teenager, the digital asset had grown from being a
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For a bitcoin ETF to win the day its issuer must establish what the SEC calls a “surveillance sharing agreement” with another major, compliance-minded market upon which the asset trades. It’s a simple argument, really. Any would-be manipulator would need to influence one market to reap gains on the other.
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The rehabilitation plan to compensate creditors from the now-defunct crypto exchange Mt. Gox is now finalized following confirmation from a Japanese court.According to a Tuesday announcement from Mt. Gox trustee Nobuaki Kobayashi, the rehabilitation plan originally filed in the Tokyo District Court in February is now “final and binding.” The
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The Central Reserve Bank of Peru (BCRP) is developing a central bank digital currency (CBDC), BCRP President Julio Velarde said Tuesday.“We have been working on a digital currency,” Velarde said at an online business forum in Peru. “We are involved in a lot of projects with several central banks.”The initiative
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Cryptocurrencies were mostly lower on Tuesday as some traders reacted to the signing of the U.S. infrastructure bill containing a controversial crypto tax-reporting requirement.The bill would require all crypto brokers to report transactions under the current tax code. Industry proponents worried the definition would be too broad, involving entities such
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“We hope that this order will significantly reduce transfer blocks and the denial of banking services experienced by crypto users and investors, and create a better atmosphere for investors, users and companies in the field,” said Youval Rouach, CEO of Israeli crypto exchange Bits of Gold, in a written statement. Source
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In the past 30 years, the growth of the internet and digital technology has transformed the way the world operates and now artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology. IoTeX (IOTX),
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Data can only move as fast as the tool that is powering it. This week, an announcement from Deloitte and Ava Labs looks to streamline federal emergency funding applications. Deloitte will be leveraging the Avalanche blockchain “to help state and local governments easily demonstrate their eligibility for federal emergency funding.” A Much
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The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect.In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the
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Major League Baseball (MLB) phenom Shohei Ohtani is joining FTX as its newest brand ambassador, the crypto exchange announced Tuesday.Ohtani’s compensation for the deal will be paid entirely in cryptocurrency and FTX equity, according to a report from CNN.The deal with the Los Angeles Angels ace and MLB MVP frontrunner
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