Category: Blockchain

Today, Bitcoin suffered its most significant plunge in 10 days. According to Coinmarketcap, Bitcoin has fallen by 11.19% in the past 24 hours, which is the first time this week it has fallen by more than 10%. Subject to the intensity reduction of quantitative easing policy by the U.S. government due to the gradual recovery from the pandemic of Covid-19,

Jack Dorsey, the CEO of Square and Twitter, is still bullish on the future of Bitcoin despite the recent market crash. While speaking at the Bitcoin 2021 conference in Miami on Friday, June 4, Dorsey said: “Bitcoin changes absolutely everything. I don’t think there is anything more important in my lifetime to work on.” The

China is set to take its Digital Yuan pilot tests to Shanghai to pursue Central Bank Digital Currency (CBDC). According to the Information Office of Shanghai Municipality, the latest proposed trial test will see the region give out as much as 19.25 million yuan (about 3 million U.S. dollars) in digital currency to consumers in the

The institution of seven leading industrial countries, known as the Group of Seven (G7), has agreed to request multinational corporations (MNC) to pay more taxes. According to a BBC report, the countries including the United States, United Kingdom, Germany, Italy, France, Canada, and Japan agreed in principle on a minimum tax rate of at least

21Shares, a well-known cryptocurrency ETP issuer, announced Monday that the company has cooperated with GHCO, an issuer-centric liquidity provider committed to building transparent and accessible financial markets to list Its Bitcoin ETP (ABTC) on the Aquis exchange. Aquis Exchange is a Lonon-based pan-European alternative trading system. The company said that it is working closely with

Ruffer, a UK-headquartered asset management company, stated that the company started investing in bitcoin in November last year. It has now similarly quickly made a profit of $1.1 billion from this encrypted digital currency.  According to a report from THE TIMES on Sunday, an investment director of Ruffer said that the rise of bitcoin parabolically

Jack Dorsey, the CEO of Square Inc., has announced that the payment firm is considering developing a non-custodial hardware Bitcoin wallet that would give users greater control over digital currencies they own. Dorsey suggests a new method to enable consumers to store their Bitcoin that Square or any other firm does not control their digital

The Ghanian apex monetary authority, the Bank of Ghana (BOG), has unveiled the advanced stages of its pilot test for its proposed Central Bank Digital Currency (CBDC) dubbed the Digital Cedes. According to a report by PYMNTS, the BOG Gov. Ernest Addison said the agency is now “in the advanced stages” of introducing its CBDC

El Salvador President Nayib Bukele intends to introduce a bill to legalise Bitcoin (BTC) as flat money. If the national Congress pass the bill, the Central American nation will become the first country to accept Bitcoin as legal money, alongside the U.S. dollar. Bitcoin expected to prompt financial inclusion The 39-year old leader noted that

China’s Hainan Province has issued a new warning to its residents as the broader effort of the Asian country to clamp down on digital currency activities. According to a Reuters report, citing local media sources, Hainan officials warn people particularly against illegal fundraising schemes involving cryptocurrency and blockchain such as Initial Coin Offerings. The officials, including those