SEC Calls For Crypto Regulation As Market Crisis Continues

Various regulators are showing concern as the crypto market continues its downward slide. They believe it is high time that a move is taken to regulate the sector. Moreover, agencies like the Securities Exchange Commission (SEC) call for more regulations. The SEC boss, Gary Gensler, earlier stated that crypto regulation is not enough.  While commenting […]

Continue Reading

Bank Of Canada Calls For Urgent Crypto Regulation

The recent crash in the crypto sector has caught the attention of global authorities. Several regulatory agencies are sitting up on the issues of crypto regulation.  According to the Bank of Canada, urgent regulation is needed in the crypto sector. It added that: “The sector is growing and might affect the overall financial market if […]

Continue Reading

MicroStrategy’s BTC Investment Records Over $850M Loss

In recent months, instability has plagued the crypto sector. Digital currencies continue to rise and fall, causing panic across the crypto community.  Last week, it appeared the crypto market had regained stability. Several analysts believed the crypto market was gearing up for a bullish movement. Unfortunately, that is far from the truth. Today, June 13th, […]

Continue Reading

US Crypto ATM Firm Reports Rapid Expansion Of ATMs In 2022

Globally, the usage of digital currencies has increased over the years. In addition, various financial institutions have made it easy for users to buy and sell cryptos. One of the available options for users is the use of crypto ATMs. Bitcoin of America Continues To Install More Crypto ATMs  Meanwhile, Bitcoin of America, a BTC […]

Continue Reading

Lithuania To Ban Anonymous Crypto Wallets After EU Regulation

The EU’s latest decision to restrict the usage of non hosted wallets appears to be taking effect. A state in Europe has taken the first step to outlaw non hosted crypto wallets. Lithuania Moves To Ban Anonymous Crypto Wallets The government of Lithuania has taken steps to tighten its crypto regulations. The government made a […]

Continue Reading

Brazilian Banks To Use Digital Real As Collateral For Issuing Stablecoins

A recent report states that Brazil’s central bank is developing a unique kind of CDBC. According to the central bank’s president, the CBDC will be used for wholesale purpose. Also, private banks will be able to use the digital Real as collateral to issue stablecoins. Digital Real Will Be wholesale Oriented Brazil plans to issue […]

Continue Reading

Macro Pressure On U.S. Market Responsible For BTC Downtrend

Since the crash of Bitcoin in December, several crypto holders have sold their BTC. As a result of these sell-offs, the prices of digital assets have dropped tremendously.  Meanwhile, sell-offs can be assessed based on a particular region and its trading hours. Recently, macro pressure in the U.S. market has been responsible for the crypto […]

Continue Reading

Nigerian Crypto and Blockchain Group Set Guidelines For VASPs

Globally, different countries are embracing the usage of blockchain technology. This is due to the benefits it offers to various sectors of the economy. The Nigerian crypto and blockchain advocacy group SIBAN has announced guidelines for all VASPs. The goal is to promote regulation and innovation in the blockchain and crypto sectors. Safeguarding The Nigerian […]

Continue Reading

Bitcoin Miners Continue To Dump Holdings In Large Numbers

Since the advent of BTC mining, miners have stored most of the Bitcoin they mined. Then, the cash flow was enough to handle expenses since Bitcoin’s price was high.  As miners mined Bitcoin, they saved a large portion and used the rest to finance their operations. Unfortunately, the recent market crash is forcing miners to […]

Continue Reading

Kenyan Energy Firm Entices BTC Miners With Geothermal Power

KenGen, an energy company in Kenya, has good news for BTC miners. The company has excess renewable energy, which it is willing to sell. Additionally, the firm stated that over 86% of its power is renewable. The report states it is mainly from a geothermal source.  Also, the company has rentable land at its power […]

Continue Reading