China issues a public reminder that cryptocurrencies are not legal tender
A public reminder that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value” has apparently been issued by China, as part of a stepped-up crackdown on cryptocurrencies. Yin Youping, deputy head of the People’s Bank of China’s (PBOC) Financial Consumer Rights Protection Bureau, stated in a local media briefing […]
Cuba’s government states it will recognize and regulate cryptocurrencies
In the middle of a storm of protests, Cuba’s government announced that it will recognize—and regulate—cryptocurrencies as a form of payment. According to the Associated Press, Cuba’s government declared yesterday that it will recognize and regulate cryptocurrencies for financial purposes. The declaration came in the form of a resolution, which stated that the country’s central […]
Australian Federal Police and Australian Criminal Intelligence Commission given new surveillance power
The Australian Parliament has passed comprehensive legislation allowing authorities from the Australian Federal Police and the Australian Criminal Intelligence Commission to target suspected criminals online. The legislation received bipartisan support during its passage through the chamber. According to the Australian Federal Court , the Identify and Disrupt bill was passed through the Senate on August […]
Data shows $896 million has been spent on NFTs over the past 30 days
After spending about $900 million on nonfungible token (NFTs) sales over the past 30 days, August is shaping up to be a record-breaking month for nonfungible token sales. NFTs have received $896 million in spending over the past 30 days, according to data from the tracking portal Nonfungible. By the end of the month, the […]
Peter Schiff triumphs in the discussion over whether gold or Bitcoin is a greater store of value
During the debate, Schiff stated that “in reality, Bitcoin and gold have absolutely nothing in common,” claiming that gold has value owing to its metallic characteristics, whereas Bitcoin is nothing more than a “giant pump and dump.” Peter Schiff , a proponent of gold and a crypto skeptic, has been declared the winner of a […]