Canada launches consultations on cryptocurrencies and stablecoins

Cryptocurrency NewsBy 04/11/2022

The Canadian authorities announced the start of consultations on cryptocurrencies, stablecoins and digital currencies of the Central Bank – experts will study the possible risks associated with crypto assets and make their proposals on the budget. The federal government of Canada made the announcement in its 2022 Fall Economic Report. According to the document, the development of the cryptocurrency industry is transforming financial systems around the world, so the regulation of the country’s financial system…

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Cryptocurrency NewsBy 03/11/2022

Building a Diverse Trading Portfolio A look at the importance of risk mitigation through diversifying your portfolio. When it comes to online trading, portfolio diversification is a powerful tool used by investors to mitigate risk. This strategy involves investors holding multiple assets across varying markets, industries and geographical jurisdictions in order to spread their exposure and decrease the risk of loss due to one industry collapsing. The Benefits of a Diversified…

Mike McGlone: ”Bitcoin and Ethereum are doomed to growth by the law of economics”

Cryptocurrency NewsBy 03/11/2022

A senior commodities strategist at Bloomberg Intelligence believes that the decline in bitcoin and ether amid growing adoption of cryptocurrencies will lead to higher prices for these assets. Mike McGlone, an exchange analyst at Bloomberg research division, noted that the amount of mined bitcoins (BTC) and ethers (ETH) is limited by the code. According to him, the transition of Ethereum to the Proof-of-Stake (PoS) algorithm will reduce the amount of ETH in the market more…

MoneyGram added the ability to trade crypto assets

Cryptocurrency NewsBy 02/11/2022

Payment operator MoneyGram, a world leader in the development of digital P2P payments, has partnered with the Coinme exchange to add cryptocurrency trading tools to its mobile application. MoneyGram has announced the launch of a new service that allows consumers to buy, hold and sell cryptocurrencies through a mobile app. The new functionality will allow MoneyGram customers to transact in bitcoin (BTC), ether (ETH) and litecoin (LTC). The technical ability to buy, sell and store…

The Central Bank of India began testing the digital rupee with nine banks

Cryptocurrency NewsBy 01/11/2022

The Reserve Bank of India (RBI) has launched a pilot program to test the wholesale digital rupee for secondary market settlement of securities. According to RBI, nine banks will take part in the project: State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank and HSBC. The regulator expects that the use of the digital rupee will increase the efficiency of interbank…

Bank of America is looking for a candidate for the position of Head of Cryptocurrency

Cryptocurrency NewsBy 31/10/2022

The American financial conglomerate posted on LinkedIn the vacancy of a “global crypto policy manager” responsible for regulating and identifying “key risks from the fintech side.” Bank of America’s Cryptocurrency Management Department will be responsible for drafting amendments and commentaries to bills, preparing for presentations to legislators and regulators. The expert will be required to identify threats to fintech business models for Bank of America: “We are looking for a manager who will identify emerging…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 28/10/2022

Costa Rica Lawmakers Propose Tax Cuts on Crypto Assets

Cryptocurrency NewsBy 28/10/2022

Costa Rica lawmakers are working to significantly reduce taxes on digital assets and make the Central American country attractive to crypto investors and Web 3 companies. This week, Costa Rican congressional deputies Johana Obando, Luis Diego Vargas and Jorge Dengo introduced a bill to regulate the crypto market in the country. The key idea is to enact a law that not only defines the concept of digital assets, but also allows those who want to…

CedarFX – Trade with the First Eco-Conscious Broker

Cryptocurrency NewsBy 27/10/2022

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Mike McGlone: ”Ethereum’s move to PoS will be the main catalyst for the growth of ETH”

Cryptocurrency NewsBy 27/10/2022

The Bloomberg exchange strategist is sure that the successful transition of the Ethereum network to the Proof-of-Stake consensus algorithm laid the foundation for a steady growth in the rate of the second largest cryptocurrency by capitalization. On Wednesday, October 26, the Ethereum exchange rate for the first time since the successful Ethereum merger on September 15 crossed the $1,500 mark. With the switch to PoS, Ethereum is expected to become a deflationary asset and attract…

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