Latest News and Articles about Cryptocurrencies
Michigan House Unveils 4 Bills to Propel Bitcoin and Crypto Adoption
Michigan House Proposes Four New Bills to Boost Bitcoin and Crypto Adoption On May 21, 2025, Michigan took a leap into the digital future with the introduction of four bills designed to clarify and promote the use of Bitcoin and other digital assets. This move not only reflects the state’s commitment to embracing the potential […]
Read MoreSupreme Court of India Warns of Crypto’s Parallel Economy Threat
Cryptocurrencies Threaten National Stability, Indians Doubt The Supreme Court of India has raised alarms over the unchecked growth of cryptocurrencies, warning of a “parallel economy” that could undermine national stability. In a recent hearing linked to a high-profile Bitcoin fraud case, the court lambasted the government’s 30% crypto tax without a regulatory framework. Supreme Court […]
Read MoreTrish Turner Takes Helm of IRS Crypto Unit Amid Policy Shifts and Turnover
IRS Crypto Unit Appoints Trish Turner Amid Policy Shifts and Leadership Changes The Internal Revenue Service’s crypto unit has undergone a significant leadership transformation with Trish Turner, a seasoned IRS official, taking the helm. This shift follows the exit of Sulolit “Raj” Mukherjee and Seth Wilks, two key figures from the private sector instrumental in […]
Read MoreOhio Proposes Cryptocurrencies for State Fees, Aiming to Set National Precedent
Ohio’s Bold Move: Recognizing Cryptocurrencies as Payment for State Fees Ohio is poised to lead the charge in cryptocurrency adoption, proposing to recognize digital currencies as legitimate payment methods for state fees. This initiative, backed by Coinbase’s Chief Legal Officer, Paul Grewal, could mark a significant milestone in integrating cryptocurrencies into mainstream financial systems. Ohio […]
Read MoreCanada’s Crypto Future Uncertain After Election: Liberals Favor CBDCs
Is There Hope for Canada’s Crypto Sector After the Election? The recent Canadian election has left the crypto community questioning the future of cryptocurrencies in the country. With the Liberal Party, led by Mark Carney, securing victory, what does this mean for Canada’s aspirations to become a “blockchain capital”? Conservatives advocate for crypto as an […]
Read MoreCriminals Use Crypto for Speed, Not Anonymity: Mexican Cartels and Fentanyl Precursors
Criminal Groups Favor Crypto for Efficiency, Not Anonymity Organized crime groups are increasingly using cryptocurrencies for their efficiency and speed, rather than for the perceived anonymity they offer, according to a recent Chainalysis blog post. This trend is particularly evident among Mexican cartels using crypto to pay for fentanyl precursors, highlighting both the benefits and […]
Read MoreArizona’s Bold Crypto Investment Bills Await Governor’s Decision
Arizona’s Crypto Ambitions Hang in the Balance Arizona is poised to revolutionize its financial strategy by potentially becoming the first U.S. state to invest public funds in cryptocurrencies, awaiting the decision of Governor Katie Hobbs. AZ Senate Bills 1025 & 1373 passed, awaiting Governor Hobbs’ signature. Up to 10% of public funds could be invested […]
Read MoreUAE’s ruya Bank Launches Shari’ah-Compliant Crypto Trading with Fuze Finance
UAE’s First Digital Islamic Bank, ruya, Launches Crypto Investment Services The UAE’s first digital Islamic bank, ruya, has taken a bold step into the world of cryptocurrencies by launching crypto investment services in partnership with Fuze Finance, a regulated digital assets infrastructure provider. This move allows ruya’s clients to buy and sell cryptocurrencies like Bitcoin […]
Read MoreBybit CEO Discusses Crypto Integration with Vietnam’s Finance Ministry
Bybit CEO Meets Vietnam’s Finance Ministry to Explore Crypto Collaboration On April 17, 2025, Bybit CEO Ben Zhou met with Vietnam’s Finance Minister Nguyen Van Thang in Hanoi to discuss the integration of cryptocurrencies into Vietnam’s financial system, marking a pivotal moment for the country’s digital asset market. Bybit CEO meets Vietnam’s Finance Minister Exploring […]
Read MoreDeFi Surge in Yemen: Bypassing US Sanctions with Decentralized Finance
Decentralized Finance: Yemen’s Lifeline Amid US Sanctions In Yemen, the rise of decentralized finance (DeFi) offers a glimmer of hope amidst the chaos wrought by US sanctions that have crippled traditional banking services. Yemenis are increasingly turning to DeFi platforms and peer-to-peer transactions to navigate the economic turmoil and maintain financial resilience. Over 63% of […]
Read MorePanama City Embraces Bitcoin for Payments: A Step Towards Financial Inclusion
Panama City Bitcoin: Embracing Cryptocurrency for Municipal Payments Panama City is making waves in the world of finance by announcing plans to accept bitcoin and other cryptocurrencies for municipal payments, aiming to boost financial inclusion and modernize payment systems. Panama City considers cryptocurrencies for municipal payments. Goals include financial inclusion and modernizing systems. Faces legislative […]
Read MoreBitcoin Outshines Nasdaq 100 in Market Turmoil, Hits New High vs Tech Giants
Bitcoin’s Resilience Shines: Outperforming Nasdaq 100 Amidst Market Downturn In a volatile economic climate, Bitcoin has defied expectations by outperforming the Nasdaq 100, underscoring its potential as a resilient asset in turbulent times. Bitcoin outperforms Nasdaq 100 despite economic downturn U.S. stock market loses $5 trillion in two days Bitcoin reaches new all-time high against […]
Read MoreNigeria’s President Signs Crypto as Securities Law, SEC to Oversee Market
Nigeria’s President Signs Law Classifying Crypto as Securities Nigeria’s President Bola Tinubu has signed the Investments and Securities Act 2024 into law, marking a significant shift in the country’s approach to regulating the cryptocurrency market. This legislation classifies cryptocurrencies as securities, placing them under the oversight of the Nigerian Securities and Exchange Commission (SEC). As […]
Read MoreMillennials and Gen Z Embrace Crypto: WEF Report Highlights High Portfolio Allocations
Crypto Becomes a Staple for Millennial and Gen Z Investors: Insights from WEF Report The World Economic Forum’s 2024 Global Retail Investor Outlook reveals that Millennials and Gen Z are increasingly integrating cryptocurrencies into their investment strategies, often making up a significant portion of their portfolios. Millennials and Gen Z heavily invest in crypto Crypto […]
Read MoreMinnesota Senator Proposes Bitcoin Act: State to Invest in Crypto
Minnesota Senator Proposes Groundbreaking Bitcoin Act “As he did an extensive research on cryptocurrency, he has gone from ‘being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,’” stated Minnesota State Senator Jeremy Miller. This powerful shift in perspective from one of the state’s lawmakers underscores a broader acceptance of […]
Read MoreFrench Central Bank Warns: Trump’s Crypto Endorsement Risks Financial Crisis
French Central Bank Governor Warns: Trump’s Cryptocurrency Support Could Ignite Financial Crisis – French Central Bank Governor warns of financial crisis risk due to Trump’s crypto support. – Political endorsements could destabilize markets and affect regulatory frameworks. François Villeroy de Galhau, the Governor of the French Central Bank, has raised alarms about the potential dangers […]
Read MoreGoldman Sachs Admits Crypto Boosts Banking Competition: Blockchain, AI Key Drivers
Goldman Sachs Acknowledges Crypto’s Rising Impact on Banking Competition In its 2024 Annual Report, Goldman Sachs has openly recognized the competitive pressure from cryptocurrencies and digital assets, marking a pivotal shift in how traditional financial institutions view the burgeoning crypto landscape. Goldman Sachs notes increased competition from crypto products. Blockchain, AI, and electronic trading intensify […]
Read MoreRussia Bypasses Sanctions with BTC, ETH, USDT in Oil Trade with India, China
Russia’s Strategic Pivot: Using Bitcoin, Ethereum, and USDT to Bypass Western Sanctions in Oil Trade Amidst escalating geopolitical tensions, Russia is increasingly using cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and USDT to trade oil with India and China, sidestepping Western sanctions and showcasing the disruptive potential of decentralized finance. Russia uses BTC, ETH, and USDT […]
Read MoreUK Police Officer Charged with £3M Bitcoin Theft: A Betrayal of Trust
U.K. Police Officer Charged with Stealing Over £3 Million in Bitcoin In a twist of irony, a UK police officer tasked with fighting crime now faces charges for stealing over £3 million in Bitcoin. Paul Chowles, a 42-year-old operational officer with the UK’s National Crime Agency (NCA), was involved in an investigation into online organized […]
Read MoreCrypto Sanctions Evasion Hits $15.8 Billion in 2024: Iran, Russia Lead
Crypto and Sanctions: $15.8 Billion Used to Circumvent Restrictions in 2024 In 2024, the use of cryptocurrencies to bypass international sanctions has surged to an astonishing $15.8 billion, showcasing the dual nature of decentralized finance. This trend not only highlights the innovative potential of digital currencies but also brings to light significant challenges to global […]
Read MoreUnpacking FUD: How Fear, Uncertainty, and Doubt Impact Crypto Markets
Unpacking FUD: The Fear, Uncertainty, and Doubt in Crypto FUD, or Fear, Uncertainty, and Doubt, is a tactic used in the cryptocurrency world to manipulate markets and spread misinformation. This article explores the concept of FUD, its impact on the crypto space, and how investors can navigate it effectively. FUD: Fear, Uncertainty, and Doubt Common […]
Read MoreHong Kong Aims to Lead Crypto Markets with New Proposals
Hong Kong’s Bold Leap into Virtual Asset Markets: A Legislator’s Vision Hong Kong legislator Li Weihong is pushing for significant expansion in the city’s virtual asset derivatives and futures markets, aiming to bolster its position as a global financial hub. Expanding virtual asset derivatives and futures markets Increasing license approvals for crypto companies Extending trading […]
Read MoreJP Morgan Survey: Only 30% of Institutional Traders Eye Crypto by 2025
Only 30% of Institutional Traders Plan to Invest in Crypto, JP Morgan Survey Reveals Despite the buzz surrounding cryptocurrencies, a surprising 71% of institutional traders plan to steer clear of digital assets, according to a recent JP Morgan e-trading survey. This cautious stance comes as only 30% of these traders are considering investing in crypto […]
Read MoreCryptocurrencies Revolutionize Remittances: Faster, Cheaper, and More Secure
How Cryptocurrencies Transformed The Remittances Landscape Cryptocurrencies have reshaped the remittances landscape, offering faster, cheaper, and more secure ways to send money across borders. This transformation is critical for millions reliant on these financial lifelines, promising a future where traditional barriers are dismantled. Cheaper, faster, and more secure transactions Global remittance market growth potential Enhanced […]
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