Bitcoin
The Government of India has made moves towards the introduction of an 18% tax on Bitcoin transactions in the country. According to reports, the government could impose a Goods and Services (GST) Tax on Bitcoin; a move which could generate over $1 billion in revenue annually for the country. The
Bitcoin
Elon Musk - the current world's richest man and founder of Tesla has again strengthened his crypto roots, saying he would never turn down an opportunity of being paid in Bitcoin (BTC). While responding to a tweet by Ben Mezrich - writer of the movie The Social Network
Bitcoin
VanEck - a $49 billion asset management firm has again filed for a Bitcoin ETF after previously withdrawing its application following multiple rejections by the SEC on the same product. The New-York based investment company will look to get approval for a Bitcoin Exchange-Traded Fund named "VanEck Bitcoin Trust&
Bitcoin
18th December 2020 - About three years after Bitcoin (BTC) first-time high of 19,660 set in December 2017, the number one cryptocurrency has crossed the $20,000 price level - a first time in its history as it heads into price discovery. Over the course of 48 hours, Bitcoin
Bitcoin
Senator-elect and first female representing Wyoming Cynthia Lummis has again voiced her support for Bitcoin (BTC) saying she hopes to "bring bitcoin into the national conversation." Speaking at a recent interview on ABC News, the incoming senator narrated her experience as a former state treasurer and her reasons
Education & News
The Bank of Russia has expressed interest in developing its own digital currency as necessitated by the COVID-19 pandemic. According to a press release, the Russian bank through its Central Bank Governors' Club which includes member banks from the Balkans, Central Asia, and the Black Sea region held an
Africa
The Central Bank of Kenya (CBK) has begun discussions with other international apex banks on the possibility of entering the digital currency (CBDC) space. According to reports, the Governor of the CBK - Dr. Patrick Njorge told newsmen that the country's central bank is "already feeling left
Bitcoin
Bitcoin (BTC) - the number one cryptocurrency set a new 2020 milestone this week, as it hit the $13,200 price mark; a level not seen since July 2019. The huge rally comes weeks after BTC had stayed stable in a tight-range between the $11,540 and $12,000 region.
Africa
The Zimbabwe Stock Exchange (ZSE) through CEO Justin Bgoni has revealed it is open to listing Bitcoin and other cryptocurrencies under licensed its subsidiary - the Victoria Falls Stock Exchange (VSFE). According to reports, the crypto listing will be subject to regulatory approval by the Securities and Exchange Commission of
Bitcoin
The United States Office of the Comptroller of the Currency (OCC) has published a letter clarifying that national banks and federal savings associations can now hold reserve funds for stablecoin issuers in the country. Stablecoins refer to cryptocurrencies pegged to another asset such as a commodity or fiat currency like
Africa
The Bitcoin ATM industry reached a milestone as the number of machines installed globally surpassed 10,000. This feat comes seven (7) years after the first ever Bitcoin (BTC) ATM was installed. At this time, there are now a total of 10,162 machines spread across 71 countries. Giving a
Bitcoin
The European Union (EU) will introduce a new set of rules within the next four years to promote quicker and cheaper cross-border payments through the use of blockchain technology and cryptocurrency. This development was revealed in two (2) documents by the European Commission where it sets out its strategy to