Bitcoin Market: Tops $50,000 for First Time Since May
For the first time in more than three months, bitcoin returned to $50,000 . On Sunday evening, bitcoin rebounded to the $50,000 level, a significant price level as the crypto market continues to recover from its spring crisis and subsequent summer slump. The market capitalization of the world’s largest cryptocurrency has now reached $50,000. According […]
Survey shows 81% of finance execs believe blockchain has gone mainstream
Despite the fact that the finance providing industry is enthusiastic about blockchain and cryptocurrency, respondents identified cybersecurity as the most significant barrier to widespread implementation. According to global finance executives polled by Big Four auditing company Deloitte, blockchain , the underlying technology of cryptocurrencies like Bitcoin (BTC), has already attained public adoption. According to Deloitte’s […]
XREX, a publicly-traded company, raises $17M to use blockchain to solve dollar liquidity difficulties
Blockchain technology is being touted as a possible answer to emerging market currency liquidity problems. XREX, a blockchain financial business, has raised $17 million in a pre-A round headed by a group of international investors, indicating increased institutional demand for crypto-focused startups. CDIB Capital Group, a Taiwanese publicly traded corporation, led the consortium, which includes […]
Crypto regulations: US congress has placed18 bills on digital assets in 2021 so far
Former FDIC regulator Jason Brett claims that this year, US lawmakers have shifted their attention away from private stablecoins and toward regulating decentralised digital assets. The US Congress looks to be pressing for more legislative clarification on crypto assets , with 18 measures relating to blockchain and cryptocurrency submitted so far in 2021. According to […]
Coinbase slams US lawmakers for their hasty insertion of the infrastructure bill
In a statement, Coinbase’s global tax vice president expressed his displeasure with Congress for rushing through controversial crypto tax provisions as part of an infrastructure package, saying that the bill might affect up to 60 million Americans. Cryptocurrency provisions were rushed into the bipartisan infrastructure bill by Congress at the last minute, according to Coinbase […]