Federal Reserve Chairman Jerome Powell says that he does not see cryptocurrencies as a financial stability concern. However, he noted that they are risky and “there’s big consumer issues for consumers who may or may not understand what they’re getting.” Fed Chair Powell Says Cryptos Are Risky but Currently Not a Financial Stability Concern Fed…
Indian Government to Make Additional Changes to Crypto Bill: Report
The Indian government is reportedly making additional changes to the country’s crypto bill. The bill, which is listed for the current session of parliament, may be taken up in the budget session instead. According to reports, the government could also “consider bringing an ordinance or special order after the session.” Indian Crypto Bill Needs More…
Minereum World Metaverse Is Planned to Be Launched in Q1 2022, Land Pre-Sale Is Live
Minereum, the project behind the first self-mining smart contract, welcomes you to The Minereum World – an exciting and interactive play-to-earn 3D game venture where users can come together virtually in the metaverse! The goal of the game is to grab and own as much land as possible! The more land you own, the more…
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the…
Luno CEO: ‘Industry Accelerated a Lot Faster This Year Than We Anticipated’
The pace of the crypto industry’s acceleration in 2021 has surprised many, including Marcus Swanepoel, CEO of cryptocurrency exchange Luno. Swanepoel recently remarked: “We knew it was coming, but just not that fast, particularly in certain subsectors like NFTs and some altcoins.” Subsectors at ‘Top of Their Hype Cycle’ The acceleration of the crypto industry…
Ukrainians Offered New Crypto Services, Bitcoin Cards
Along with the growing popularity of cryptocurrencies, Ukrainians are enjoying an expanding range of related services and products. Besides new options to buy and trade coins, crypto users in the country will be offered two cards that will allow them to spend their digital currencies in stores and online. Wirex Gives Ukrainians Access to Over…