Cryptocurrency

The Reserve Bank of India is concerned over cryptocurrency’s impact on financial stability.

The Reserve Bank of India is concerned that digital currencies could impact the country's financial stability. The governor of the Reserve Bank of India revealed recently that the bank had conveyed its concerns with the government. The renewed skepticism...

Swiss bank Bordier & Cie to offer crypto trading services to customers.

According to its latest announcement, one of Switzerland's oldest financial institutions, Bordier & Cie, has joined the crypto bandwagon. The 177-year-old private banking services provider said it had joined forces with B2B digital assets banking platform Sygnum to enable...

US SEC releases framework for future crypto regulations.

As the traditional financial world begins its mainstream adoption of crypto assets, the process of legitimizing cryptocurrencies as financial products pose a myriad of risks and regulatory challenges. The U.S. Securities and Exchange Commission (SEC) released an 8-page document...

FATF is set to publish an update to its guidelines on cryptocurrencies.

The Financial Action Task Force (FATF) says it is set to publish an update to its guidelines on cryptocurrencies and virtual asset service providers, a catch-all term including exchanges, wallet providers, and custody platforms, among others. The updated guidelines...

Bitcoin drops to near $46,000 as the overall market cap of cryptocurrencies loses $100 billion.

The world’s largest cryptocurrency, bitcoin, lost around 10% of its value on Friday after the panic among retail traders triggered a $100 billion sell-off in the crypto market. As of writing, BTC is changing hands at $46,000 with a...

JPMorgan strategists suggest 1% allocation to bitcoin as a hedge.

Strategists at the banking giant JPMorgan have suggested that a one percent portfolio allocation to the leading cryptocurrency Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities. A small percentage...

Total number of global crypto users jump above 106 million for the first time.

Cryptocurrency adoption has surged in recent months as the total number of global crypto users jumped over 106 million for the first time earlier this year. The recent jump in the prices of top cryptocurrencies played a key role...

New crypto rules in Thailand might require retail investors to show income before opening trading accounts.

According to a Bloomberg report, the Securities and Exchange Commission (SEC) of Thailand is likely preparing the ground to require investors to show their income or assets before opening accounts. Ruenvadee Suwanmongkol, the secretary-general of the country's financial watchdog, pointed...

Microstrategy buys more than $1 billion in BTC as the firm continues to add to its massive holdings.

MicroStrategy announced Wednesday that it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The purchase of 19,452 bitcoins puts the company’s total holdings of the leading cryptocurrency at 90,531....

The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a view that could shape upcoming anti-crypto regulations on the asset that is breaking price-records around the world. The RBI has...

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The Reserve Bank of India is concerned over cryptocurrency’s impact on financial stability.

The Reserve Bank of India is concerned that digital currencies could impact the country's financial stability. The governor of...