Cuba jumps on Bitcoin (BTC) bandwagon. Considers legal recognition
The global crypto market cap is $2.11 trillion with a 24-hour volume of $94.25 billion. The price of Bitcoin is $48,947.61 and the BTC dominance is at 43.7%.
by Ana Grabundzija
The Cuban government has announced yesterday that it will recognize cryptocurrencies and regulate their use for payments.
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Cardano (ADA) to launch Ethereum ERC-20 convertor on testnet shortly
The highly anticipated Cardano ERC-20 convertor will soon launch on testnet.
Malware victim robbed of 16 Bitcoin to sue parents of young hackers
In 2018, a U.S man named Andrew Schober fell foul to a malware hack, resulting in the loss of 16.4 Bitcoin, around $800,000 at today’s price.
Bitcoin bull Mike Novogratz says NFTs represent a big shift in culture
Speaking on CNBC’s Market Alert, Mike Novogratz, the CEO of Galaxy Digital, said that the rise in popularity non-fungible tokens (NFTs) have seen in the past several months represents a big shift in culture.
Fund manager pegs Bitcoin at $100,000 in 2022. But warns of sell-offs
The managing director of investment advisory firm Midas Touch Consulting, Florian Grummes, has predicted a $100,000 price mark for Bitcoin in the next 6months, with a possible dip after a short while.
HK firm Meitu nurses Bitcoin (BTC) losses after buying the top in April
Chinese tech company Meitu, which made several investments in the two largest cryptocurrencies between March and April of 2021, revealed its impairment loss on Bitcoin holdings in a recent interim results announcement.
Binance woes continue as UK watchdog warns of failure to comply
U.K monetary watchdog, the Financial Conduct Authority (FCA), said Binance “is not capable of being effectively supervised.” Adding that, within the context of offering complex and high-risk financial products, this poses a significant risk to consumers.
Morgan Stanley holds over $36 million worth of Bitcoin (BTC) via Grayscale
American multinational investment bank and financial services company Morgan Stanley has been generously investing in the Grayscale Bitcoin Trust (GBTC), a recent filing with the US Securities and Exchange Commission (SEC) shows.
24 crypto exchanges in Korea face regulatory death knell
According to a press statement released by South Korea’s Financial Services Commission (FSC), over 20 crypto exchanges operating within the Asian country could cease operation as the September 24 deadline for crypto regulation draws near.
Scammers turn their attention to NFTs as the crypto subsector sees multimillion dollar mania
NFTs have had quite the roller coaster year.
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