Chinese central bank executive on crypto: Crypto adoption is a ‘huge challenge.’
One of the executives at the Chinese central bank has expressed concern that the growing adoption of cryptocurrencies such as Bitcoin (BTC) will pose a significant challenge to the traditional banking system. In spite of local players’ experiments with digital yuan-pegged stablecoins, the People’s Bank of China (PBoC) maintains its anti-crypto position. In a recent […]
Elon Musk – dogecoin fees need to drop before being considered a viable payment option
Following AMC CEO Adam Aron tweet where he indicated that Dogecoin may be accepted as a payment option at its theatres in the future, Elon Musk says Dogecoin fees need to drop before becoming a viable option for retail purchases . Musk responded to Twitter user Shibetoshi Nakamoto, also known as dogecoin co-creator Billy Markus […]
Kentucky regulators order crypto lender Celsius to stop offering accounts in the state
Kentucky’s securities regulator has ordered big crypto lender Celsius Network to stop issuing interest-bearing accounts in the state on Thursday, the state now joins three other states that took similar action last week. The Kentucky Department of Financial Institutions issued the emergency order after finding that Celsius offered customers unregistered securities in violation of state […]