IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital CurrenciesResearchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the question of whether a digital currency is really money. They found that of all the central banks studied, only about 23%, or 40 central banks, “are legally allowed to issue digital currencies.” IMF Explores if […]

Can’t Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This Year

Can't Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This YearThe leading cryptocurrency bitcoin has crossed new all-time highs (ATH) in 2020 and into 2021 as well. However, many other digital assets have a long way to go to reach the ATH they experienced three years ago in 2017. Although one particular older cryptocurrency, the popular meme token Dogecoin is nearing its 2017 ATH, well […]

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Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 Billion

Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 BillionDigital currency markets have seen decent gains this weekend as bitcoin touched another all-time high (ATH) on Saturday afternoon. Meanwhile, a number of other crypto assets have seen significant price rises as well, as the entire market capitalization of all 7,500+ digital currencies in existence is hovering above the $800 billion mark. The $800 Billion […]

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Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’

Central Bank of Iran Official Says Cryptocurrencies Have 'Made No Contribution to Bypassing Sanctions'An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital currencies have “made no contribution to bypassing the sanctions.” The unenthusiastic assessment of […]

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Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes

Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation PurposesThe revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly. In addition to sending letters to local citizens, the tax body has also sent inquiries to cryptocurrency exchanges operating in Israel and those based […]

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SBI’s Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading Desk

SBI's Acquisition of Crypto Firm Helps the Asian Giant Create Full-Fledged Digital Asset Trading DeskJapanese financial group SBI Financial Services has announced the acquisition of the United Kingdom-based crypto services firm B2c2 for an undisclosed amount. The purchase helps the Asian financial giant to become one of the mainstream financial institutions to have a full-fledged digital asset trading desk. A New Opportunity In a report, the two companies laud […]

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Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans

Fidelity Digital to Accept Bitcoin as Collateral for Cash LoansFidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds, crypto miners, and over-the-counter trading desks. According to a report that quotes Tom Jessop, the […]

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Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar

Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the DollarA survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while 40% still slightly favor fiat cash. […]

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