Americans Who Reinvested Stimulus Checks in Bitcoin See 442% Growth In Profit
By the end of October, a timely reinvestment of $3,200 in stimulus cheques into Bitcoin would yield a total profit of $4,514 (almost 141 percent). The US government issued three rounds of stimulus cheques to the typical American taxpayer in order to re-ignite the economy by raising consumers’ spending power. For some, it represented the […]
Launch of the e-Naira; Nigeria and Africa’s First Digital Currency
eNaira, the country’s digital currency, has been unveiled by President Buhari. The Vice President, Prof. Yemi Osinbajo, as well as the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, alongside other dignitaries, were all in attendance at the launch of the digital currency on Monday, 25th of October at the State House in […]
Thailand SEC at War with Meme, NFTs and Exchange Tokens
According to Thailand SEC, meme coins, NFTs and fan tokens are no longer allowed to be traded in Thailand, effective June 11. The Thai Securities and Exchange Commission (SEC) revealed on Friday that it’s banned most of the currently active types of tokens in cryptocurrency including meme tokens such as dogecoin, Shiba Inu, FEG, etc; […]
Top Chinese Site, Weibo Bans Multiple Crypto Accounts
Sina Weibo, a Chinese microblogging website, banned many crypto accounts. Weibo is one of China’s biggest social media platforms, with over 445 million monthly active users. According Wu Blockchain, which provides news and analysis on China’s cryptocurrency industry, first noticed the ban. The firm said this is the harshest suspension of crypto accounts in history. […]
Residents to pay state taxes in crypto – Colorado’s Governor
Colorado Governor Jared Polis hopes to one day allow Colorado residents to pay their state taxes using cryptocurrency. Speaking at Coindesk’s Consensus 2021 virtual conference, he said, “I’d be thrilled to be the first state to let you pay your taxes in a variety of cryptos.” Polis, a longtime supporter of digital currencies, was the […]