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RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
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Bitcoin’s Push Toward $100,000 Runs Into a Wall of Resistance
Bitcoin's unstoppable surge towards a record price of $100,000 appears to be waning. With Bitcoin's price levelling off, attention is shifting to other digital currencies like Ether and XRP, which have not kept pace with Bitcoin's historic rise following President-elect Donald Trump's victory.
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What is the Hyperbitcoinization Theory: Explained
The hyperbitcoinization theory suggests that there could come a point in the future where fiat currencies would be deemed unsustainable, and Bitcoin would become the hardest form of money. The theory was coined by veteran Bitcoin supporter, Daniel Krawisz in 2014.
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Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
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Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
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Visa, FTX Exchange Team Up to Bring Crypto Debit Cards in Over 40 Nations
Payments giant Visa has now teamed up with FTX crypto exchange to bring crypto debit card services to its users in over 40 nations. Visa intends to keep its services linked to the crypto assets because the company believes that virtual currencies are here to stay and will eventually have a lasting impact on the future of financial services around t...
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Venture Capitalists Pour Money Into Digital Currencies Blockchain Startups Amid Crypto Winter
The ongoing crypto winter has not affected venture capitalist’s appetite for investing in digital currency and blockchain startups, according to data from Pitchbook. The ongoing investment in these firms in on the path to top the record $26.9 billion (roughly Rs. 2,14,630 crore) raised last year, and the data suggests a solid faith in the future...
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Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
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MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
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Robinhood CEO Calls Dogecoin ‘Future Currency of Internet’, Says Gas Fee Reduction Is a Must
Vladimir Tenev, the CEO of Robinhood crypto trading app has said that Dogecoin can emerge as the future currency of the Internet, if only some tweaks are introduced by its developers. Reduction of gas fee, and improvements in the block size and time of Dogecoin have been noted by Tenev as key areas to focus on.
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Mexican Senator Indrea Kempis Swings in Favour of CBDC Legalisation Before Bitcoin
Mexican senator Indrea Kempis has introduced a bill to formalise the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin.
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Nayib Bukele Slams US Bill Seeking Details on El Salvador’s BTC Adoption, Plans to Meet Binance CEO
El Salvador’s decision to legalise BTC is being subjected to a review in the US. Salvadoran president Nayib Bukele has hit back at the US for being “afraid” of pro-crypto decisions. Binance CEO Chengpeng Zhao, who is in El Salvador, will meet with Bukele on March 25 to discuss El Salvador’s future with crypto.
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Crypto Bill: India Seeks to Block Most Cryptocurrencies, Create Framework for Official Digital Currency
India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said.
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Understanding Crypto: Money - Past, Present, and Future
We're all in the rat race for money, but most of us don't know what money actually is. And until we have a clear explanation for that, we can't define the future of money, or the role that cryptocurrency will play in that future.
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ProFunds’s New Bitcoin Mutual Fund Is Making It Easier to Invest in Cryptocurrency
ProFunds launched what it says is the first publicly available mutual fund correlated to the value of the largest cryptocurrency. The Bitcoin Strategy ProFund invests in Bitcoin futures contracts and aims for results that track the price of the digital currency — before fees.
-
RBI Governor Says Crypto Discussion Paper Will Clarify India’s Stance on Virtual Assets; Industry Reacts
RBI Governor Sanjay Malhotra stated that the upcoming crypto discussion paper, being prepared under the Finance Ministry’s oversight, will provide clarity on the future of crypto assets in India. However, he did not specify a timeline for its release.
-
Bitcoin’s Push Toward $100,000 Runs Into a Wall of Resistance
Bitcoin's unstoppable surge towards a record price of $100,000 appears to be waning. With Bitcoin's price levelling off, attention is shifting to other digital currencies like Ether and XRP, which have not kept pace with Bitcoin's historic rise following President-elect Donald Trump's victory.
-
What is the Hyperbitcoinization Theory: Explained
The hyperbitcoinization theory suggests that there could come a point in the future where fiat currencies would be deemed unsustainable, and Bitcoin would become the hardest form of money. The theory was coined by veteran Bitcoin supporter, Daniel Krawisz in 2014.
-
Crypto: What Could More Regulation Mean for the Future of Digital Currencies?
The collapse of FTX, once one of the largest crypto exchanges in the world, has prompted calls regulation of the crypto sector. Meanwhile, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost $2 trillion (roughly Rs. 1,62,18,000 crore), and ev...
-
Bank of Korea's 2nd Phase of CBDC Tests Reveal Limitations in Blockchain Technology
The Bank of Korea (BOK) said Monday it has found some technical "restrictions" standing in the way of the introduction of a central bank digital currency (CBDC) as it has completed a mock test on the feasibility of the new form of digital money.
-
Visa, FTX Exchange Team Up to Bring Crypto Debit Cards in Over 40 Nations
Payments giant Visa has now teamed up with FTX crypto exchange to bring crypto debit card services to its users in over 40 nations. Visa intends to keep its services linked to the crypto assets because the company believes that virtual currencies are here to stay and will eventually have a lasting impact on the future of financial services around t...
-
Venture Capitalists Pour Money Into Digital Currencies Blockchain Startups Amid Crypto Winter
The ongoing crypto winter has not affected venture capitalist’s appetite for investing in digital currency and blockchain startups, according to data from Pitchbook. The ongoing investment in these firms in on the path to top the record $26.9 billion (roughly Rs. 2,14,630 crore) raised last year, and the data suggests a solid faith in the future...
-
Nexo Seeks to Acquire Vauld, Amid Increasing Consolidation in Digital Currency Industry
Nexo, a cryptocurrency lending platform, revealed it planned to Singapore-based fellow lender Vauld, a day after the latter announced that it had suspended withdrawals for its more than 800,000 customers. The firm has not revealed how much it plans to pay to acquire Vauld, stating that it plans to buy 100 percent of the crypto lending platform and ...
-
MoneyGram Teams With Steller Blockchain to Facilitate Remittance Transactions in USDC Stablecoin
Headquartered in Dallas, US, MoneyGram offers online and in-person domestic and international money transfer with 42 years of industry presence. Its CEO Alex Holmes recently voiced his predictions on the bright future of the crypto sector. The company is now enabling users to send remittance amounts as USD Coin that could be cashed out into fiat cu...
-
Robinhood CEO Calls Dogecoin ‘Future Currency of Internet’, Says Gas Fee Reduction Is a Must
Vladimir Tenev, the CEO of Robinhood crypto trading app has said that Dogecoin can emerge as the future currency of the Internet, if only some tweaks are introduced by its developers. Reduction of gas fee, and improvements in the block size and time of Dogecoin have been noted by Tenev as key areas to focus on.
-
Mexican Senator Indrea Kempis Swings in Favour of CBDC Legalisation Before Bitcoin
Mexican senator Indrea Kempis has introduced a bill to formalise the inclusion of virtual assets as a form of currency that may circulate in Mexico. However, it proposes that only the central bank can issue a digital currency, without any mention of Bitcoin.
-
Nayib Bukele Slams US Bill Seeking Details on El Salvador’s BTC Adoption, Plans to Meet Binance CEO
El Salvador’s decision to legalise BTC is being subjected to a review in the US. Salvadoran president Nayib Bukele has hit back at the US for being “afraid” of pro-crypto decisions. Binance CEO Chengpeng Zhao, who is in El Salvador, will meet with Bukele on March 25 to discuss El Salvador’s future with crypto.
-
Crypto Bill: India Seeks to Block Most Cryptocurrencies, Create Framework for Official Digital Currency
India is looking to bar most private cryptocurrencies when it introduces a new bill to regulate virtual currencies in the winter session of Parliament, the government said.
-
Understanding Crypto: Money - Past, Present, and Future
We're all in the rat race for money, but most of us don't know what money actually is. And until we have a clear explanation for that, we can't define the future of money, or the role that cryptocurrency will play in that future.
-
ProFunds’s New Bitcoin Mutual Fund Is Making It Easier to Invest in Cryptocurrency
ProFunds launched what it says is the first publicly available mutual fund correlated to the value of the largest cryptocurrency. The Bitcoin Strategy ProFund invests in Bitcoin futures contracts and aims for results that track the price of the digital currency — before fees.
