JPMorgan Sets New Rules for Bitcoin ETF Loans In a groundbreaking move, JPMorgan Chase & Co. has announced that it will now accept Bitcoin exchange-traded funds (ETFs) as collateral. This decision marks a significant milestone in the realm of digital assets, underlining a shift towards greater institutional trust in cryptocurrencies. The acceptance of Bitcoin ETFs […]
HMRC got targeted in a £47 million UK fraud
HMRC Faces £47 Million Fraud: Criminals Exploit PAYE Accounts In a shocking revelation, HM Revenue and Customs (HMRC) recently confirmed that criminals managed to steal a staggering £47 million from the UK tax authority. The fraudsters achieved this by employing a sophisticated scheme that involved faking taxpayer credentials and exploiting Pay As You Earn (PAYE) […]
Bank of Italy criticises limited MiCA impact
Bank of Italy Criticises Limited MiCA Impact The Markets in Crypto-Assets Regulation, known as MiCA, was introduced by the European Commission to provide a comprehensive regulatory framework for digital assets, including cryptocurrencies and stablecoins. However, despite the high hopes pinned on MiCA to drive stablecoin adoption and generate interest among Italian intermediaries, the Bank of […]
India explores new digital rupee features for wider use
India Explores New Digital Rupee Features for Wider Use In a groundbreaking move towards embracing digital currency, India has embarked on a journey to explore new features for the digital rupee, aiming to enhance its accessibility and usability among the masses. The country’s retail digital rupee pilot, which currently boasts a user base of 600,000 […]
Young innovators drive blockchain adoption in Africa
Young Innovators Pave the Way for Blockchain Adoption in Africa The African continent has been witnessing a surge in the adoption of blockchain technology, thanks to the innovative efforts of young minds who are harnessing the power of digital currencies to overcome banking challenges and secure their income in the face of unstable financial systems. […]
Bitcoin’s future tied to political engagement, warns J.D. Vance
Bitcoin’s Future Tied to Political Engagement, Warns J.D. Vance Bitcoin, the world’s most famous cryptocurrency, has been on a rollercoaster ride in recent years, with its value skyrocketing and plummeting unpredictably. Amidst all the volatility, one thing is becoming increasingly clear: the future of Bitcoin is intricately tied to political engagement. This warning comes from […]
Tether plans US stablecoin to comply with local rules
Tether Plans US Stablecoin to Comply with Local Rules Tether, the popular cryptocurrency stablecoin issuer, has recently announced its plans to launch a US dollar-pegged stablecoin. This strategic move comes as part of Tether’s efforts to comply with local regulations and ensure its long-term sustainability in the ever-changing cryptocurrency landscape. USDT, Tether’s existing stablecoin, has […]
Banks push to scrap SEC cyber reporting rule
Banks Push to Scrap SEC Cyber Reporting Rule Financial groups are making a bold move in the realm of cybersecurity regulations by calling for the removal of the Securities and Exchange Commission’s (SEC) strict reporting rule. This rule, which mandates that financial institutions report cyber breaches to the SEC within four business days, has been […]
Crypto ownership drops in Singapore
Crypto Ownership Drops in Singapore: Investors Flock to Safer Assets A recent survey has shed light on a significant trend in Singapore’s investment landscape: the decline in crypto ownership. As global markets continue to navigate through uncertainty, investors in the city-state are increasingly turning away from digital currencies and towards safer assets such as cash […]
JP Morgan backs Bitcoin’s upside over gold
JP Morgan Backs Bitcoin’s Upside Over Gold In the world of investments, the debate between traditional assets like gold and emerging assets like Bitcoin has been ongoing for quite some time. Recently, JP Morgan, a global leader in financial services, has thrown its weight behind Bitcoin, suggesting that the cryptocurrency’s upside potential may outweigh that […]