The Bank of Russia wants to ban crypto but top finance minister thinks that would be like ‘banning the internet’

A visual representation of a Bitcoin cryptocurrency as a gold coin on a computer keyboard.

The Bank of Russia has singer concern over crypto regulation and instead wants to ban it, but Russia’s finance ministry agrees. Banning crypto would be like “banning the internet, ” says Finance …

The Role of Remittances to Venezuela

Remittances to Venezuela
The International Monetary Fund (IMF) defines remittances as “money transfers from citizens working abroad” as a contribution to the household income of their families in their home countries. The IMF sees remittances as a “lifeline for development,” especially in impoverished …

OCC the Banking Regulator Says Regulated Stablecoins will Give Holders Confidence

Office of Comptroller of the Currency says Stablecoins need to be regulated to provide confidence to holders.

Michael J. Hsu, the Acting Comptroller of the Currency, stressed the importance of cooperation and coordination with major crypto intermediaries to fully assimilate …

Interest in Crypto-based Derivatives Decreased, New Data Indicates

Funding for Crypto-based Derivatives Goes Negative

According to data collated by analytics fellowship CryptoQuant from many major exchanges, the cost of borrowing to acquire crypto on leveraging has plummeted to the point of being somewhat negative. This suggests that the …

There’s now a ‘Squid Game’ cryptocurrency – and it’s jumped nearly 25,000% in under a week

Squid Game childhood game

Netflix smacked “Squid Game” has inspired a SQUID cryptocurrency. SQUID has surged nearly 25,000% in the past few weeks. Incumbent of SQUID can take part in online plays inspired by games in the demonstrate.

Netflix pop “Squid Game” has …

‘Shark Tank’ star Kevin O’Leary will get paid in crypto for his new role as spokesman for Sam Bankman-Fried’s FTX

kevin o'leary

Famed investor Kevin O’Leary already signed on as official spokesperson for Sam Bankman-Fried’s crypto exchange FTX. The “Shark Tank” co-host has asked to be paid in cryptocurrency, which will be managed on FTX. O’Leary once called bitcoin …

The SEC busted a mother-son crypto Ponzi scheme that lured investors with an AI ‘supercomputer’ that promised 30% returns

People walking out of the SEC building US Securities and Exchange Commission

The SEC shuttered enterprises of a mother-son duo that defrauded investors through a Ponzi-like crypto scheme. The duet predicted up to 30% returns based on trading recommendations made by an AI “supercomputer.” Instead, they misused investor money …

45% of teens think they know more about crypto than their parents – and social media got them hooked, study finds

using smartphone texting social media in city

A Wells Fargo examine goes to show that 45% of teens think they know more about crypto than their parents. The study found that over a third of teens learn lessons finance from social media. On social …

US stocks trade higher as reopening optimism returns following week of losses

Stock Market

US capitals transactions higher as reopening hope returns following week of loss. Bitcoin recovered moderately from a immoral weekend selloff, but is still roughly 50% lower from April’s all-time high. Golden premiums climbed, buoyed by the rout in cryptocurrencies. …

Crypto-Focussed, Phil Ivey-Fronted Virtue Poker Ready for Real-Money Launch in May

It’s been a long superhighway from conception to perfection for the cryptocurrency-based online poker site Virtue Poker, with Phil Ivey still in place as its contributing spokesplayer, and a pending real-money launch slated for next month.

Phil Ivey Virtue Poker

For three and a …

Afriex raises $1.2M seed to scale its payments and remittances platform across Africa

Sending money from the U.S. to Nigeria can be a painstaking process. For remittance platforms like Western Union, it will cost a carry cost and make between one to five business dates for coin transmit from a U.S. debit card …

Crypto social network BitClout arrives with a bevy of high profile investors, and skeptics

While much of the recent wave of relentless hype around NFTs — or non-fungible tokens — has been most visibly manifested in high-dollar art auctions or digital trading cards sales, there’s also been a relentless string of chatter among bullish …

Bitcoin drops from record-high of nearly $50,000 after a week of increased attention on Wall Street

GettyImages 1299369720

Bitcoin fell from its record high of virtually $50,000 on Monday after a week-long flurry of increased attention.The token traded around 1.6% lower at $47,845 after affecting its latest all-time high-pitched of $49,716 on Sunday.Rising rates …