In another win for the adoption of blockchain technology and cryptocurrencies, the Central Bank of Portugal (Banco de Portugal) has officially announced that they will begin approving licenses for crypto exchanges to operate within the country. Two have already been granted. This is the first time that crypto asset exchanges are able to operate within…
Bitcoin soared to $40,105 on Sunday, marking its highest valuation in nearly a year and a half. The surge is attributed to growing optimism among investors, fueled by speculation that U.S. regulators are set to greenlight stock-market traded bitcoin funds. Bitcoin briefly soared to $42,066 on Monday, marking its highest valuation in nearly a year…
When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. However, as time elapsed, the cryptocurrency…
The long-awaited release of El Salvador’s Volcano Bond is finally set. It has received regulatory approval and will open for trading early next year. A December 11th statement from The National Bitcoin Office (ONBTC) of El Salvador says that the Volcano Bond was approved by the Digital Assets Commission (CNAD). ONBTC states they “anticipate the…
Bitcoin soared to $40,105 on Sunday, marking its highest valuation in nearly a year and a half. The surge is attributed to growing optimism among investors, fueled by speculation that U.S. regulators are set to greenlight stock-market traded bitcoin funds. Bitcoin soared to $40,144 on Sunday, marking its highest valuation in nearly a year and…
Over the past year, crypto has struggled from a price standpoint. Thus, many investors that are looking to “HODL” have sought the light at the end of the tunnel that is institutional participation. But, one Wall Streeter, who has expressed some semblance of support for Bitcoin, recently claimed that this facet of the ecosystem just…
In a recent interview with CNBC’s Squawk Box, Congressman Warren Davidson (R-Ohio), a member of the congressional financial services industry, spoke about cryptocurrency regulation and the complexities surrounding the issues. Davidson began by announcing that his committee would be hosting a round table with industry leaders in order to gain better insight into the industry…
Illinois has opened a new front in state-level crypto regulation after Governor J.B. Pritzker signed a budget package containing the Digital Asset Tax Act, a measure industry groups are already attacking as one of the harshest crypto transaction taxes in the United States. TL;DR The law introduces a 0.2% privilege tax on digital asset broker…
Introduction Argentinian politics has a reputation for being chaotic, volatile, and unpredictable. This trend continued in November 2023, with the election of self-proclaimed anarcho-capitalist and libertarian, Javier Milei. Milei is an economist who has won favor with the Argentinian public for his commitment to dollarizing the economy. His plan to make the US Dollar Argentina’s…
In a recent interview, Blockstack boss Muneeb Ali said he was cautiously optimistic about the US regulatory environment for crypto. The comments follow further hearing from US regulators on the crypto space and its emerging players. Cautiously Optimistic on Crypto The co-founder and CEO of decentralized computing network Blockstack, joined CNBCs ‘Squawk Box’ to discuss…