Tag: Cryptocurrency Industry
Nigerian Lawmakers Urged to Consider Regulating Crypto Industry After Proposal to Jail Ponzi Operators
Bitcoin Bulls Continue to Double Down on $100,000 Prediction
Bitcoin’s Price Could Surpass $1 Million in the Next Decade, Says ARK Invest
Cryptocurrencies Steal Money from the Economy; Bank of Russia Defends its Negative Stance on the Industry
Bank of America says the US will release its CBDC by 2030.
Is $1.5 the next low for Fantom (FTM/USD)?
FTM/USD is down 7.83% in the past 24 hours and 33% in the last…
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Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance is the first organization from the blockchain and cryptocurrency industry to formally join the alliance. The NCFTA was established in…
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Indonesia’s crypto industry in 2021: A kaleidoscope
The Indonesian cryptocurrency industry and market experienced notable growth in 2021.
Vibe killers: Here are the countries that moved to outlaw crypto in the past year
From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools.
NYC Mayor to Convert His First Paycheck to BTC and ETH via Coinbase
Newly-elected New York City Mayor Eric Adams confirmed his first paycheck will be converted to Bitcoin (BTC) and Ethereum (ETH) on Friday via Coinbase cryptocurrency platform. The news comes after Adams vowed to take his first three paychecks in Bitcoin after engaging in a friendly twitter challenge with Miami Mayor Francis Suarez in November. Both Suarez and Adams are pushing to make their respective cities a centre for cryptocurrency hubs. In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait! — Eric Adams (@ericadamsfornyc) November 4, 2021 The recently-elected NYC Mayor will be paid in US dollars, which will be then converted into cryptocurrencies before being deposited into his account. The extra step of converting comes as the U.S. Department of Labor prohibits employees from being paid directly in cryptocurrency, but can have their funds converted before being deposited in their accounts. It remains unclear as to how long Adams plans to hold the cryptocurrencies or how they will be taxed. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations. Being on the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe,” said Adams in a statement earlier on Thursday. Adams has been vocal about wanting to transform New York into a global crypto hub. In fact, cryptocurrencies were a big part of his election campaign last year. He even made sure that New York had its own CityCoin, a token that allows people to invest in the city. At the time, he said, “We’re going to become the centre of life science, the centre of cybersecurity, the centre of self-driving cars, drones, the centre of Bitcoins.”
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