Category Archives: Cryptocurrency News

Deputy Governor of RBI advocated a complete ban on cryptocurrencies in India

Reserve Bank of India Deputy Governor T. Rabi Sankar called cryptocurrencies a scam and believes the government should ban them entirely. T. Rabi Sankar substantiated his position by the fact that, in his opinion, cryptocurrencies have no intrinsic value. He called investments in digital assets “investments in a perpetual coupon”, in which the investor will receive neither interest nor principal. Sankar also believes that cryptocurrencies do not fall under the definitions of a currency, asset,…

Cardano developers proposed to implement CIP-35 to speed up transactions on the network

IOHK, the developer of the Cardano network, has unveiled the CIP-35 proposal for Plutus smart contracts, which should help speed up transactions. According to information published by the Cardano core development team, the CIP-35 proposal aims to improve the core platform for Plutus – the Cardano smart contract language – as well as the interface pages. Shortcuts should be added to the system, with the help of which developers using the Cardano blockchain will be…

US Treasury urges Congress to exempt mining and staking pools from collecting information for the IRS

Legislative assistant secretary of the treasury Jonathan Davidson said that, unlike exchanges, pools cannot collect complete customer information. The US Department of the Treasury sent a letter to a group of senators proposing to exempt miners and stakers who organize the joint production of cryptocurrencies from tax reporting on their clients. The Treasury supports the crypto industry’s concerns about the Infrastructure and Jobs Investment Act. Expanding the definition of “broker” would place an undue burden…

CedarFX – Trade with the First Eco-Conscious Broker

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…

OnlyFans adds NFT support for profile avatars

Popular content creator platform OnlyFans, known for its “adult content”, has announced support for NFTs on the Ethereum blockchain as profile pictures. According to Reuters, the new feature has been in development since last December, when Amrapali Gan took over as CEO of OnlyFans. When setting a collectible token as an avatar, an Ethereum icon will appear on the image, confirming that the user owns the NFT. “Our mission is to help creative people reach…

The digital yuan surpassed Visa in the number of transactions at the Winter Olympics

The number of transactions in the digital yuan at the Winter Olympics exceeded the number of payments through Visa. At the same time, many sellers were outside the “quarantine zone”. On the day of the opening ceremony of the Winter Olympic Games, which take place at the Beijing National Stadium, also known as the “Bird’s Nest”, more transactions were made in China’s central bank digital currency than through the Visa payment system, according to the…

Voyager Digital will offer its clients securities for USDC

Cryptocurrency broker Voyager Digital, together with Market Rebellion, are launching a project that “blurs the line between traditional assets and cryptocurrencies.” Voyager Digital plans to complete the joint venture by the end of 2022. The new entity will trade securities on behalf of Voyager clients. Users of the joint brokerage platform will be able to buy shares of companies listed on the Voyager platforms using the USDC stablecoin as a means of payment. Voyager Digital…

Coinbase will support a group of congressional candidates

Coinbase, against the backdrop of increased lobbying for the interests of the crypto industry, is forming a whole pool of candidates for the elections to the US Congress. Cryptocurrency exchange Coinbase has begun forming the DC Candidate Support Committee (PAC) ahead of the November midterm elections to the US Congress. On Monday, the exchange filed a formal application with the Federal Election Commission (FEC) for the creation of the Coinbase Innovation PAC. The members of…

Binance found a partner to release games and NFTs with K-pop musicians

Cryptocurrency exchange Binance has announced a partnership with South Korean company YG Entertainment to develop NFTs and gaming projects based on the Binance Smart Chain blockchain. The Binance marketplace announced on its blog that it has signed a formal partnership agreement with label YG Entertainment (YG). YG has collaborated with famous South Korean music groups Big Bang, Akdong Musician, Winner, iKON, BLACKPINK, and TREASURE. Most of the label’s artists work in the K-pop genre. As…

PayPal created an advisory board for cryptocurrencies and blockchain

The leadership of the PayPal payment company announced the creation of an advisory board, which included industry experts in finance, blockchain and cryptocurrencies. According to PayPal, the creation of the consortium is aimed at supporting the company’s current products and building a digital financial ecosystem. Board members include Fortress Investment Group CEO Peter Briger, Georgetown University Law Center Professor Chris Brummer, Weizmann Institute Professor Shafi Goldwasser, and former Commodity Futures Trading Commission (CFTC) Chairman Timothy…