Cryptocurrency Analysis and News Portal
The Royal United Services Institute (RUSI), the British defense and security think tank, questions whether or not non-fungible token (NFT) assets can be used for money laundering purposes. The report determines that in order to mitigate the money laundering risks a ‘know your customer’ monitoring system “needs to be implemented.” RUSI:
Read More
Stablecoins are that bridge, and they create two types of risk for the banking system. First, stablecoin reserves are often held in the form of bank deposits. Second, when they are not held by banks, those reserves are often held in the types of securities that banks and other systemically
Read More
Minutes of the most recent meeting between the Premier League and fan representatives reveal the league is considering getting involved in NFTs, with sources saying the League’s approach will be “slow and cautious,” and different from the fan engagement model provided by a platform such as Socios, The Times reported
Read More
Indonesia is considering developing a central bank digital currency (CBDC) as one way to counter the use of cryptocurrency in the country.Juda Agung, an assistant governor of Bank Indonesia, said in parliament that a digital rupiah would address the effect crypto trading has on the financial system, Bloomberg reported Tuesday.“A
Read More
Twitter chief executive officer Jack Dorsey is reportedly planning to resign his position at the social media firm.According to a Monday CNBC report, Dorsey is expected to step down as the CEO of social media giant Twitter, which he helped co-found in 2006. It’s unclear if Dorsey plans to leave
Read More
Jack Dorsey, the bitcoin-friendly CEO of Twitter, is expected to step down from his position as head of the social media giant, according to CNBC.CNBC reported Monday morning ET that Dorsey is expected to step down as CEO of Twitter, according to sources.Dorsey is a well-known fan of bitcoin, having
Read More
An investment company spun off from South Korean telecoms provider SK Telecom has acquired a 35% stake in crypto exchange Korbit worth 90 billion won ($75 million).According to a report by Korea JoongAng Daily, SK Square became Korbit’s second-largest shareholder behind NXC, the owner of video game company Nexon.SK Square
Read More
Tanzania is preparing to launch a digital form of its local currency, the Tanzanian shilling, the governor of the Bank of Tanzania said, according to a Bloomberg report.The country will follow in Nigeria’s footsteps and launch its own digital currency, Florens Luoga, announced last Thursday.Nigeria launched its eNaira in October
Read More
CoinDCX, India’s first crypto unicorn, plans to go for a listing, once regulations permit it do so, co-founder Neeraj Khandelwal said in an interview with Bloomberg Television on Monday.India’s crypto industry is facing serious regulatory uncertainty, thanks to a proposed bill that plans to ban most forms of private cryptocurrencies.The
Read More
Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade Volumes
Read More