57 mins ago | 2 mins read News New papers suggest that EU officials are not fans of Bitcoin. The EU seems to ignore the advantages of Bitcoin’s decentralized payment system. Bitcoin’s energy use has b...
Tag: Citing
Bitstamp asks users to update the source of their crypto, citing regulatory compliance
Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth. In an email notification to users on Wed...
After Coinbase, Top Indian Crypto Exchanges Disable Deposits Citing Regulatory Hurdle
Two of India’s largest crypto exchanges – CoinSwitch Kuber and WazirX – have halted deposits in Indian rupees citing regulatory problems, triggering a wave of angry protests by investors on social med...
AT&T stock jumps after J.P. Morgan turns bullish, citing valuation in wake of WarnerMedia spinoff
Shares of AT&T Inc. T, +7.74% hiked up 4.1% in premarket trading Monday, after J.P. Morgan analyst Philip Cusick turned bullish on the telecommunications and media giant, citing an “attracti...
Nayib Bukele Won’t Attend Miami Bitcoin Conference Citing Unforseen Circumstances
The president of El Salvador – Nayib Bukele – canceled his appearance at the Miami Bitcoin conference. The leader explained that “unforeseen circumstances” in his home country require his presence. St...
Analyst Still Positive on Stronghold Digital Despite Miss, Citing Miner’s Low Costs
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Fed Chair Powell Says Crypto Requires New Rules, Citing ‘Threats’ To US Financial System
Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some in...
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System – Regulation Bitcoin News
The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the U.S. financial system and could destabilize existing financial institution...
El Salvador Postpones Issuance Of Bitcoin-Backed Bond Citing Current Market Conditions ⋆ ZyCrypto
Advertisement     El Salvador delays the launch of its Bitcoin bond possibly till September. The minister expressed hope that El Salvador would still launch the bond i...
El Salvador Postpones the Issuance of Bitcoin Bonds Citing Unfavorable Market Conditions
Last week, El Salvador was scheduled to issue its $1 billion Bitcoin volcano bonds, however, things don’t seem to have materialized as per the timeline. As reported by Reuters, El Salvador Finance Min...
SEC Files Opposition To Ripple’s Motion Citing These Three Reasons
The U.S. Securities and Exchange Commission (SEC) has filed its opposition to Ripple’s motion to Strike Dr. Albert Metz’s supplemental expert report. However, the Commission requested a two-day extens...
Ethereum Co-Founder Calls Solana ‘Unsustainable’ Citing ‘Fake It Until You Make It’ Business Model
Ethereum co-founder Joseph Lubin questions the viability of other cryptocurrency projects receiving huge injections of capital. One of Ethereum’s main competitors is Solana, which has faster transac...
Pakistan’s Central Bank Sees Few Good Use Cases for Crypto Citing ‘a Lot of Misuses’ Worldwide – Regulation Bitcoin News
The central bank of Pakistan does not see many good use cases for crypto. However, the regulator cites “a lot of misuses” of cryptocurrency around the world, “including human rights violations, traffi...
Malaysia Rejects Crypto As Legal Tender, Citing Lack of Money Traits
On Thursday, Malaysia officially rejected the idea that crypto could exhibit characteristics of money. Addressing Parliament member Nurul Izzah Anwar (PH – Permatang Pauh) in Dewan Rakyat about the go...
Circle delays its DeFi API product, citing need for regulatory guidance
Quick Take Stablecoin issuer and crypto payments company Circle has delayed its DeFi API product. The product had planned to allow companies easier access to DeFi lending protocols such as Compound o...
President of Central Bank of Peru Criticizes Crypto, Citing Lack of Intrinsic Value and Climate Change – Emerging Markets Bitcoin News
Julio Velarde, the president of the Central Bank of Peru, attacked the value of cryptocurrencies and referred to negative effects they are said to have on the environment. In a recent interview with l...
SEC Begins Investigating Binance Citing Relationship With Market Makers
Binance is once again the subject of regulatory scrutiny. The global exchange’s US affiliate, Binance.US, is being investigated by the SEC according to a report. The SEC is looking into Binance.US’ re...
Citing ‘changing real estate market,’ Utah-based Homie lays off one-third of its staff
Utah-based proptech Homie has laid off one-third of its staff, according to reports. Hunter Richardson, former director of talent advisory and acquisition at Homie, posted on LinkedIn that he was amon...
FDIC Makes Crypto Evaluation a Priority This Year Citing ‘Significant Safety and Financial System Risks’ – Regulation Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has named the evaluation of crypto assets a priority this year. “The rapid introduction of a variety of crypto-asset or digital asset products int...
Cargobike Taxi Firm Bans Helmets For Staff Riders Citing Safety Concerns
Pedal Me cofounder Ben Knowles on one of his firm’s electric cargo bikes. CARLTON REID “Overwhelmingly, our staff experience injuries off the bike, not on the bike,” states Pedal Me cofounder Be...
CNN President Jeff Zucker Resigns, Citing Relationship With Colleague
CNN President Jeff Zucker has resigned from the cable news network, citing his failure to disclose a consensual relationship with a close colleague, according to an email he sent to staff on Wednesday...
IMF Urges El Salvador to Drop Bitcoin as Currency, Citing Financial Stability Risks
The International Monetary Fund is urging El Salvador to stop using Bitcoin as legal tender citing financial stability risks. In a statement on Jan 25, the IMF acknowledged that El Salvador is “reboun...
Fidelity Expects More Countries to Acquire Bitcoin Citing ‘Very High Stakes Game Theory’ – Featured Bitcoin News
Fidelity expects more sovereign nation states, or even a central bank, to acquire bitcoin this year. “There is very high stakes game theory at play here, whereby if bitcoin adoption increases, the cou...
Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Pel...
Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’
Bitcoin (BTC) may have rallied to $44,000 on the back of United States inflation data, but according to traders, there is little hope of a sustained comeback. In a Twitter discussion on Jan. 12, data ...
Moderna CEO says fourth Covid shot may be needed, citing efficacy issue
A nurse prepares a syringe with a dose of the Moderna coronavirus disease (COVID-19) vaccine at Enfermera Isabel Zendal hospital in Madrid, Spain, July 23, 2021. Juan Medina | Reuters Moderna CEO Step...