Legal expert claims UAE regulators pave way for crypto and blockchain adoption
While many nations simply prohibit Bitcoin (BTC) and other digital assets, the UAE is adopting a different approach. The government has been steadily implementing its ambition of becoming a blockchain capital by establishing frameworks to instruct crypto enterprises on how to comply with the rules. UAE’s crypto and blockchain adoption move The Securities and Commodities […]
Bahrain’s central bank pilots JPMorgan’s blockchain and token
Bahrain is the latest country to test JPMorgan’s blockchain technology. Onyx, a blockchain and cryptocurrency arm of JPMorgan , has successfully completed a digital payments test with the Central Bank of Bahrain (CBB). Bahrain’s successful test The trial also included two other key organizations, the Manama-based international bank ABC and Bahrain’s national aluminium smelter Aluminium Bahrain, or Alba. The bank ABC was able to conduct […]
El Salvador president poked by Steve Hanke for gambling in Bitcoin
El Salvador is under pressure as a result of Bitcoin‘s price drop over the last couple of days. For the past few months, El Salvador ‘s dollar-denominated bonds have been on a free slide. Nayib Bukele, the country’s president, seeks to improve the country’s economic realities by issuing Bitcoin-denominated bonds. President Bukele‘s prolonged association with […]
Hong Kong Cryptocurrency Exchange Coinsuper Reportedly Freezes Its Customers’ Funds
Dozens of clients of Hong Kong-based cryptocurrency exchange Coinsuper claim they can’t get their money back. According to reports, dozens of customers of the Hong Kong-based cryptocurrency exchange Coinsuper have claimed that they have been unable to collect their funds from the platform. At least seven of them have made contact with the authorities in regards […]
Trader warns BTC may break through the $30K lows of September
BTC/USD fell to $40,938 on Bitstamp overnight, according to TradingView data – its lowest level since September. Bitcoin could be aiming for a price over $42,400,000 The pair temporarily recovered at $42,000 but then continued to fall, surpassing the December liquidation cascade’s floor. Traders discussed the possibility of a similar crisis occurring, with specific objectives including […]