The central bank of Russia (Centrobank) is reportedly seeking to bar the country’s residents from buying Bitcoin and other cryptocurrencies, two anonymous financial market sources revealed to Reuters today. Per the report, Centrobank is concerned about potential risks to the country’s financial stability that “the rising number of crypto transactions” could present. Currently, cryptocurrencies are…
The Russian Attorney General’s Office (Genprokuratura) is actively working on a swathe of new amendments to criminal law that would allow law enforcement agencies to legally confiscate illicitly gained Bitcoin (BTC) and other cryptocurrencies, attorney general Igor Krasnov revealed to RIA Novosti today. “We have developed amendments to a number of regulatory legislative acts so…
Just a week after it acquired 7,002 BTC, MicroStrategy announced that it has grown its Bitcoin holdings once again. According to the latest Form 8-K document it filed with the SEC, the company purchased approximately 1,434 BTC between November 29th and December 8th. MicroStrategy makes another move in its bid to buy all the Bitcoin…
Hardware crypto wallet manufacturer Ledger has made a slew of announcements during the first day of its Ledger Op3n conference in Paris, including the upcoming launch of its brand new crypto-linked debit card and support for non-fungible tokens (NFTs). Dubbed “Crypto Life,” the new debit card is powered by Ledger’s technology and will allow holders…
At the beginning of the month, Bitcoin dropped to a three-month low of $46,500 in a market-wide flash crash that wiped over 18% of its value in a matter of hours. According to a report from analytics company Santiment, a spike in an often-overlooked metric preceded both this month’s crash and last year’s March sell-off…
While more than a quarter of American retail investors already have Bitcoin (BTC) in their portfolios, this number would likely be much higher if the U.S. Securities and Exchange Commission (SEC) approves a spot-based Bitcoin exchange-traded fund (ETF), according to Grayscale Investments. Per the third annual Bitcoin Investor Study published by the crypto investment giant…
Speaking virtually at the Sohn Conference in Sydney on Friday, Charlie Munger when asked for his opinion on China and its ban he agreed with the policy of the nation, praising the Chinese government for its action. Munger called Bitcoin disgusting only a few months ago Speaking out against crypto earlier this year, Charlie Munger…
SEC Chair Gary Gensler finally reveals his stance on Bitcoin by saying he doesn’t support its “off-the-grid” approach to finance. “In 2008, Satoshi Nakamoto wrote this paper in part as a reaction, an off-the-grid type of approach. It’s not surprising that there’s some competition that you and I don’t support but that’s trying to undermine…
A recent cabinet note shared by the government of India states the new crypto bill will be regulated by the Securities and Exchange Board of India (SEBI). It labels cryptocurrencies as crypto-assets” and might restrict Indians from trading cryptos on foreign platforms. As per NDTV, the cabinet note circulated suggests that a cut-off date will…
Twitter co-founder Jack Dorsey announced on Monday that he’s resigning his position at the company, sparking rumors of moving into a dedicated crypto role. In a resignation letter posted on the social media platform, Dorsey spoke about the limitations of founder-led companies, saying he believes such setups are severely limiting and risky, in the sense,…