The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden administration is reportedly preparing to release an initial government-wide […]

From a $69,000 ATH  just last year, Bitcoin has now lost 50% of its value in the current market fall. We can see that the markets are volatile and the adoption in the sector is undeniably at its peak. Monetary policy and regulatory environment Many experts take the market weakness to be the result of […]

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After being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday. The Fed has stated in the paper that while the currency could allow citizens to gain access to easier and more speedy transactions, it could also […]

A damning report by Russia’s central bank has slammed cryptocurrency as a pyramid scheme that could destabilise the economy. The dossier – ‘Cryptocurrencies: trends, risks, measures’ – warns the growth of digital assets is driven primarily by speculation.

Bitcoin mining firm, Core Scientific, has officially gone public. The blockchain infrastructure firm debuted on the Nasdaq stock exchange yesterday January 20 with the tickers “CORZ” and “CORZW” for its shares and warrants respectively. The announcement came after Core Scientific completed a merger with Power & Digital Infrastructure Acquisition Corp. (“XPDI”) through a SPAC. Net

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Bank of Russia Proposes Ban on Crypto Mining & Trading | Robinhood’s Crypto Wallet Beta Is Live | Solo Ethereum Miner Receives 168 ETH Block Reward

An unknown investor withdrew over 6 billion rubles ($83 million) in USDT from one's Binance wallet on January 20. The transaction coincided with the renewed rumors about the ban of cryptocurrencies in Russia and the news about the test of the digital ruble.

The US Federal Reserve said that the introduction of an official digital version of the US dollar could benefit Americans but it may also potentially affect financial stability and privacy. (Read More)

True to its hardline stance on decentralized digital money, the Central Bank of Russia is now pushing for a wide-ranging ban on crypto-related activities such as issuance, exchange, and mining. A consultation paper published by the regulator cites threats to financial stability and citizens’ wellbeing among the main reasons for the proposed restrictions. Russia’s Central […]

The Central Bank of Russia is going on the offensive in relation to the digital currency ecosystem in the country as the apex bank is calling for a blanket ban on crypto-related activities. (Read More)

US stocks breathed a tentative sigh of relief now that the bond market selloff appears to be taking a break.  In just a few weeks, Wall Street has gone from pricing in a gradual tightening of policy to a hurry-up offense that could deliver 4 to 5 rate hikes this year and a balance sheet […]