Thursday, March 4, 2021

Regulation

Kraken CEO believes the price of Bitcoin is “going to infinity.”

Kraken CEO and co-founder Jesse Powell said he believes the price of Bitcoin is "going to infinity" when asked about his expectation by Bloomberg Technology's Emily...

Colombia’s oldest commercial bank pilots crypto services.

According to a local news agency report, Portafolio, Banco de Bogotá announced Monday that it would participate in a pilot project directed by the Superintendencia...

PayPal is reportedly eyeing to acquire Israeli crypto custody firm Curv.

International payment transfer giant PayPal is reportedly buying the Curv cryptocurrency custody firm, with price estimates ranging between $200 to $500 million. Curv is...

TON investor seeks $100 million in compensation from Telegram.

The encrypted messaging giant Telegram has received a $100 million compensation request from Da Vinci Capital for its investment messaging platform’s $1.7 billion initial...

Tether refuses to pay 500 BTC to the extortionist.

Tether has allegedly received a ransom note demanding 500 Bitcoin (BTC). The note's author claims that if Tether doesn't pay up, he or she...

MoneyGram ends its relationship with Ripple over the SEC lawsuit.

The US-based money transfer company MoneyGram has suspended its relationship with Ripple Labs, citing the legal uncertainty surrounding the company. In its latest earnings...

Bitcoin recovers over $50,000 following Square’s $170 million purchase.

Bitcoin stabilized near $50,000 earlier today following news that Jack Dorsey's payments company Square purchased a further $170 million worth of the cryptocurrency. In...

The People’s Bank of China joins cross border CBDC pilot.

According to the CNBC report, central banks from China, Thailand, United Arab Emirates, and Hong Kong are exploring a CBDC cross-border payment project together....

South Korea will implement a 20% tax on Bitcoin and crypto starting 2022.

South Korea will implement a 20% tax on Bitcoin and cryptocurrency profits starting January 1, 2022. The nation’s Ministry of Economic and Finance announced...

Austrian regulators call for more strict crypto regulations as crypto-related scams surge.

According to a Bloomberg report of Friday, Austria's Financial Market Authority has unveiled that more than 60% of all reported financial fraud in the country involve...

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