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Poker Players Are Improving Their Winning Odds with Bitcoin Cash Outs

As Bitcoin continues its rally, successful gamblers are becoming better winners by requesting payments and cash outs of Bitcoin from major online poker sites.  CEO of Winning Poker Network (WPN), Phil Nagy, said that in recent weeks, the site has had to purchase millions of dollars in Bitcoin a day from crypto over-the-counter (OTC) trading … Continue reading Poker Players Are Improving Their Winning Odds with Bitcoin Cash Outs

Swiss Central Bank Announces its Central Bank Digital Currency Trial a Success

Even though Switzerland’s central bank has not decided on the way forward in its central bank digital currency (CBDC) issuance, it has hailed the testing phase a success. The digital franc trial entailed settling large scale transactions between financial institutions through an experiment dubbed Project Helvetia. Boosting trade efficiency Project Helvetia was run by the … Continue reading Swiss Central Bank Announces its Central Bank Digital Currency Trial a Success

Binance US Joins Exchanges to Delist XRP Token as Price Downfall Dubbed "Third Largest Collapse of All Time"

Binance US has joined the growing list of cryptocurrency exchanges to announce that they will be delisting XRP. Ripple effect of crypto exchanges exiting XRP XRP trades for Binance US users will be halted, effective on January 13, 2021. Although Binance US is the latest major cryptocurrency to announce their decision, they will likely not … Continue reading Binance US Joins Exchanges to Delist XRP Token as Price Downfall Dubbed "Third Largest Collapse of All Time"

BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

Haruhiko Kuroda, the Bank of Japan (BOJ) governor, has highlighted the need for the nation’s central bank to prepare “thoroughly” for the rollout of its digital currency with initial experiments expected from next month.   Preparing for changing circumstances He revealed that experiments with CBDC in Japan will begin in spring 2021. Kerudo acknowledged the need … Continue reading BOJ Governor: Japan Should Prepare "Thoroughly" for the Issuance of its Digital Currency

XRP Investors Looking to Join XRP Case Trigger Different Reactions from The SEC and Ripple

On behalf of 10,000 XRP holders, lawyer John E. Deaton filed a motion to intervene as third-party defendants in the lawsuit Ripple currently faces. To justify what prompted the filing of the motion, Deaton explained, “Ripple, Larsen and Garlinghouse are focused on defending their interests against the SEC’s attack, and the $1.3 billion the agency … Continue reading XRP Investors Looking to Join XRP Case Trigger Different Reactions from The SEC and Ripple

Billionaire Mark Cuban Thinks Ethereum Will "Dwarf" Bitcoin, ETH Sets New Record-High of Over $2,150

Ethereum has soared to a new all-time high of over $2,150, pushing the entire cryptocurrency market to $2 trillion. Currently, the cryptocurrency appears to be consolidating around $2,000. In the short term, ETH is expected to surge higher than $2,150. Mark Cuban, owner of NBA’s Dallas Mavericks and a billionaire investor, recently disclosed in a … Continue reading Billionaire Mark Cuban Thinks Ethereum Will "Dwarf" Bitcoin, ETH Sets New Record-High of Over $2,150

Thailand's SEC Eyes on Decentralized Finance

With the decentralized finance market explosion, Thai regulators have turned their attention to Decentralized Finance (DeFi). According to the Bangkok Post today’s report, the Securities and Exchange Commission of Thailand (SEC) announced that any DeFi-related activities might require licenses, permitted by the local financial regulators shortly. The impetus behind this regulatory statement came from a … Continue reading Thailand's SEC Eyes on Decentralized Finance

CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies

CFTC republican commissioner Brian Quintenz has challenged the US Securities and Exchange Commission chair Gary Gensler’s claim that most cryptocurrencies are securities and therefore fall under the SEC’s jurisdiction. On Wednesday August 5, commissioner Quintenz tweeted that: “the SEC has no authority over pure commodities or their trading venues whether those commodities are wheat, gold, … Continue reading CFTC Commissioner Brian Quintenz: US SEC Has No Authority Over Cryptocurrencies

OpenSea Delists CryptoPunks V1, Following Takedown Notice From Developers

Popular non-fungible tokens (NFT) platform OpenSea has once again delisted CryptoPunks V1 collection due to a Digital Millennium Copyright Act takedown notice issued by CryptoPunks V2 developers Larva Labs. Although Larva Labs is also the creator of the CryptoPunks V1 collection, the move towards delisting the collection comes as the scarcity of its supply exceeds … Continue reading OpenSea Delists CryptoPunks V1, Following Takedown Notice From Developers

Hong Kong Experienced Crypto Break Out Year in 2021: Gemini Report

Hong Kong experienced a break out year for crypto investing in 2021 and currently, the city has a 24% adoption rate in crypto investors, according to a report by global cryptocurrency exchange Gemini. The Global State of Crypto Report surveyed almost 30,000 adults across 20 countries and territories. The findings reported that more than half … Continue reading Hong Kong Experienced Crypto Break Out Year in 2021: Gemini Report

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