How To Invest in Cryptocurrencies.
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Fiji Islands elects pro-Bitcoin prime minister
A new pro-Bitcoin prime minister has taken office in the Pacific islands of Fiji. The new leader, Sitiveni Rabuka, took office in Fiji on 24 December. Lord Fusitu’a, a Tongan nobleman and former Tongan member of parliament, took to Twitter to share news from his neighboring nation. Fusitu’a said he explained step by step to…
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Sam Bankman-Fried is sent home
Sam Bankman-Fried, a former CEO of FTX who is facing criminal charges that could land him in prison for the rest of his life, could be released on US bail before his trial. Reuters reported on December 21. Attorney Nicholas Roos has reportedly proposed giving Bankman-Fried, commonly known as SBF, bail on the terms of…
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MicroStrategy’s purchase of Bitcoin divides the cryptocurrency community
After MicroStrategy announced the purchase of at least 2,300 Bitcoins, the crypto community split into pro and con opinions. Software analytics firm MicroStrategy recently added more Bitcoin to its holdings. Following this fact, members of the cryptocurrency community have reacted in different ways. As previously reported, MicroStrategy CEO Michael Saylor announced that the company had…
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GEMINI sued
Gemini sued for “violation of US Securities Exchange Act” Amid a backdrop of uncertainty, Gemini was sued with a complaint relating to paid accounts that weren’t registered as securities. The cryptocurrency exchange is facing a lawsuit due to an uncertain scenario among investors. Gemini was sued for “violating securities laws” in the United States. Its…
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Philippine SEC warns of unlicensed cryptocurrency exchanges after FTX crash
Following the collapse of FTX, the Philippine government warned investors in the country against using unlicensed cryptocurrency exchanges. The Philippine Securities and Exchange Commission (SEC) has issued a warning to the public against using unregistered cryptocurrency exchanges operating in the country. In the warning, the SEC did not directly mention FTX, but said the warning…
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Russia’s largest bank issues gold-backed digital financial assets
Russia’s largest bank, Sber – formerly known as Sberbank – has reported the first issuance of gold-backed digital financial assets (AFDs). The bank sees these assets as a “good alternative” to invest during dedollarization. On December 26, Sber announced the news of its first edition of gold-backed AFDs. A diversified metals trader and producer, Solfer,…
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RCD Espanyol de Barcelona will accept payments in cryptocurrencies
RCD Espanyol de Barcelona announced on Tuesday that it will be the first club in the world to accept payments in cryptocurrencies. Thanks to an agreement with Crypto SNACK, this type of transaction is possible starting today. It is for the products in the online store and after that you can also buy tickets, season…
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El Salvador Increases Bitcoin Adoption Through Education
El Salvador is boosting the adoption of Bitcoin and cryptocurrencies in the country through an education project. El Salvador is taking further steps to promote mass adoption of Bitcoin through student education. But the country’s investment portfolio fell by 60%. Even in the dead of winter, El Salvador focuses on the mass adoption of Bitcoin.…
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FTX will return the funds to its clients
FTX is preparing to return its clients’ funds, but don’t get too excited. Amid the scandal surrounding the debacle of the Sam Bankman-Fried-led empire, some FTX subsidiaries have begun giving guidance on how they will return funds to affected clients. The FTX scandal erupts in the news daily, not only because of the scale of…
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Panic on Binance
The delicate situation of Binance after the fall of FTX does not seem to be over. As pessimism abounds in the cryptocurrency market, things can quickly get worse.
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