The firm Rakuten Inc., often referred to as “the Amazon of Japan,” announced customers can now load up Rakuten Pay accounts with cryptocurrencies like bitcoin, ethereum, and bitcoin cash. In order to commemorate the latest crypto service, Rakuten is also offering bonus points to people leveraging “Rakuten Cash” via crypto …
Read More »Nigerian Vice President Yemi Osinbajo Contradicts Central Bank, Says Cryptocurrencies Must Regulated and Not Prohibited
In an apparent rebuke of the Central Bank of Nigeria (CBN), the Vice President of Nigeria Yemi Osinbajo says the country’s monetary authorities must consider regulating crypto assets. He adds that instead of “killing the goose that might lay the golden egg”, Nigerian monetary authorities must consider providing a “robust …
Read More »Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia Russia’s State Duma, the lower house of Parliament, adopted a …
Read More »Cryptocurrencies Amid the Covid-19 Pandemic and the Global Market
According to a research report published by Azoth Analytics in August 2019, the cryptocurrency market was at $ 856.36 billion in 2018. The cumulative market cap of cryptocurrencies increased by about 300 percent in 2020 as digital coins are increasingly becoming an investment tool. According to the research report, the …
Read More »IMF Representative of Nigeria Calls for Caution Over the Use of Cryptocurrencies
The International Monetary Fund (IMF) resident representative for Nigeria, Ari Aisen recently discussed the Central Bank of Nigeria (CBN) directive that targets crypto entities. In remarks made during a special virtual press briefing, Aisen repeats some of the CBN’s claims that cryptocurrencies were being used “for illegal transactions such as …
Read More »Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies
One of the largest darknet marketplaces for selling identity data and stolen credit card information, Joker’s Stash retired last month after making off with a cool $1 billion in cryptocurrencies. Weeks ago, U.S. and European officials seized some of the web portal’s servers tied to Joker’s Stash site, but were …
Read More »India Could Fast Track Crypto Bill with Executive Bill
The Indian government is considering fast-tracking the controversial cryptocurrency bill using an executive order called the “ordinance process.” If passed through, this could spell the beginning of some of the strictest cryptocurrency laws in the world. Indian Government Desperate to Pass Crypto bill Indian TV outlet CNBC-TV18 on Friday revealed …
Read More »Central Bank of Nigeria Denies It Has Placed New Restrictions on Cryptocurrencies — Uses Debunked Claims to Justify New Directive
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is intended to protect the country’s financial system from the “risks” that are associated with cryptocurrencies. …
Read More »All Tifon Gas Stations in Croatia Now Accept Cryptocurrencies
Forty-six Tifon gas stations across Croatia have reportedly started accepting cryptocurrency payments. Using payment processor Paycek, customers can pay with a number of cryptocurrencies, including bitcoin and ether. Tifon gas stations in Croatia started accepting cryptocurrency payments at the beginning of February. There are currently 46 Tifon gas stations in …
Read More »Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP
Bitcoin price fell back into the descending triangle but this dip may attract buyers to altcoins and DeFi tokens in the short term. Source link
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