Israel’s central bank is said to have completed a secret pilot for a central bank digital currency (CBDC) based on Ethereum’s technology. Globes, an Israeli financial news site, published the assertion, which was then confirmed by BNN Bloomberg. The Bank of Israel (BOI) allegedly completed its pilot in an experimental, closed environment based on Ethereum’s…
After the NASCAR crash, Dogecoin is plummeting, but crypto investors are holding on with memes.
Then Dogecoin isn’t traveling to the moon? Dogecoin was created as a joke in 2013. Jackson Palmer and Billy Markus invented it to mock the rise of cryptocurrencies by turning the internet meme doge into a cryptocurrency. While it started as a joke, it turned into a useful tool because of its enormous supply and…
India’s crypto-cold war
The Reserve Bank of India (RBI) has been at odds with India’s crypto business for quite some time. The relationship between the two is best defined as adversarial. Because the Reserve Bank of India is concerned about India’s ability to absorb financial shocks, it has repeatedly pointed out the drawbacks of adopting cryptocurrencies. The sector,…
Daily Crypto News June 23 2021Bitcoin price bounces to $33K
Bitcoin price bounces to $33K but analysts say ‘it’s too early to call a bottom Dip buyers stepped in as Bitcoin price fell to $29,000 but analysts caution that China’s crackdown on BTC mining and a lack of buy volume means the crypto market has not found a bottom yet. Cryptocurrency investors found little…
Existing Indian legislation might levy a 2% tax on cryptocurrency purchased through offshore exchanges.
Existing Indian legislation might impose a 2% fee on bitcoin purchases made on offshore exchanges that serve the Indian market. The Indian government’s 2% “equalization levy” could be extended to crypto-assets purchased via off-shore exchanges, according to local sources. According to a story published on June 22 by the Economic Times, existing law may mandate…
Daily crypto news June 22 2021Earn Double Bitcoin Back From Lolli Promo
Canadian Regulator Adds By bit to Crypto Exchange Crackdown By bit, one of the world’s top five crypto exchanges with $53 billion in trading volume in the last week, is in hot water with Canadian regulators—along with other prominent crypto trading platforms. It’s now added By bit to its investor warning list and set…