Amendments to the bill on consumer protection of digital goods exclude software developers from the definition of a cryptocurrency broker and do not require centralized management of platforms. After the updated draft of the Digital Consumer Protection Act (DCCPA), which the Commodity Futures Trading Commission (CFTC) will use to regulate the industry, was uploaded to GitHub, many software developers breathed a sigh of relief. Classification as a broker entails specific tax reporting requirements that software

Bitcoin was included in the Guinness Book of Records along with such significant industry achievements as the record sale of NFTs and the adoption of BTC as a means of payment in El Salvador. In the new Guinness World Records 2023, released last month, bitcoin is listed as the “oldest cryptocurrency”, “first decentralized cryptocurrency” and “most expensive cryptocurrency”. As of March 24, 2022, the value of bitcoin was $42,900, and its market capitalization reached $816

The former CEO of Morgan Stanley acknowledged that digital assets have a number of advantages over traditional finance. John Mack noted that cryptocurrencies will play a key role in the digitization of the economy: “Let’s take cryptocurrency. It’s hard for me to understand why it has value. Perhaps in fifty years this will become the main way to conduct monetary transactions. It’s easy to do. Then you won’t have to worry about placing funds in

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

The bill on electronic documents was adopted by the UK House of Lords. The entry into force of the law will make electronic documentation legally recognized. The decision will contribute to the UK’s goal of becoming a center for cryptocurrencies and blockchain, announced by the United Kingdom’s Chancellor of the Exchequer, Richard Fuller. Electronic documents are meant to increase security as they are easier to trace through the use of blockchain and distributed ledger technology.

The CEO of the investment company Galaxy Digital said that the sellers are extremely exhausted, and their activity in the cryptocurrency and stock markets will last for a maximum of six months. According to Michael Novogratz, more and more sellers in the cryptocurrency market are “leaving the race”. He noticed that three months ago, after a big sell-off and deleveraging, most investors who needed fiat sold their holdings. Therefore, according to Novogratz, the price of

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

The founder of Real Vision, a former CEO of Goldman Sachs, said that the macroeconomic environment is starting to look attractive for investing in cryptocurrencies. Raoul Pal says investor sentiment is in a state of extreme fear right now, and this could be a catalyst for growth for risky assets like bitcoin and altcoins: “The bearish trend and the situation in the global economy makes everyone think that the global collapse of the financial system

Julian Liniger, founder and CEO of bitcoin investment app Relai, said that since the 2008 financial crisis, people’s trust in the banking system has been greatly shaken. In his article, Julian Liniger cites a YouGov survey that found that the majority of Britons still trust traditional banks, with only 36% saying that financial institutions act in their own interest. Liniger believes that confidence in banks has declined due to persistent economic instability. “Bitcoin allows investors

According to the Ontario Securities Commission, more than 30% of Canadians plan to buy crypto assets in the near future, and the regulator sees no need to counter their intentions. Speaking to the Economic Club of Canada, Ontario Securities Commission (OSC) director Grant Vingoe revealed that more than 30% of Canadians plan to buy crypto assets by 2024. According to Wingow, this reflects the significant potential inherent in blockchain technology. Wingow noted that the widespread