Central Bank of Tanzania Should Strive for Crypto Adoption, Says the Country’s President

The president of Tanzania – Samia Suluhu Hassan – outlined the nation’s need for cryptocurrency adoption. She stressed out that the East African region still falls behind other, more advanced regions. ‘Do Not be Caught Unprepared’ In a recent announcement, the Tanzanian president – Samia Suluhu Hassan – highlighted the development of cryptocurrency usage and adoption in many countries. She reminded that the East African region, where Tanzania is located, is not as advanced as other areas and urged the financial chiefs to start working on that matter: ”I know…

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Crypto 

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Canadian Bitcoin ETF adds to its holdings despite steep market correction

Demand for Bitcoin (BTC) among Canadian investors has not wavered amid the latest price correction, offering further evidence that market participants are capitalizing on heavily discounted prices.  The Purpose Bitcoin ETF, which launched in February, has now accumulated 19,692.149 BTC as of June 13, according to Bybt data. The ETF has added 284.51 BTC over the past seven days and nearly 2,000 BTC since May 15. A massive breakdown in price has not deterred Canadian investors from seeking exposure to Bitcoin. Source: Bybt. In fact, the ETF added to its…

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JPMorgan Implies that El Salvador’s Bitcoin Move Has no Economic Benefits 

Following El Salvador’s move to adopt bitcoin as a legal tender in the country, Wall Street giant JPMorgan seems not to be impressed by such a monumental decision from the Central American nation. JPMorgan Comments on El Salvador’s Bitcoin Move In a recent note to investors, as tweeted by Financial Times correspondent Robin Wigglesworth, JPMorgan commented that the recent move made by El Salvador to make bitcoin legal tender was growth-oriented. However, the American investment bank seemed to imply that the decision by the country had no economic benefit, adding…

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Crypto 

3 TOP CRYPTO COINS To BUY NOW (Best Cryptocurrency Today)

3 TOP CRYPTO COINS To BUY NOW (Best Cryptocurrency Today) Today we are talking about best Cryptocurrency investment, more specifically we are talking about 3 top crypto coins to buy now! Cryptocurrency space has created a big buzz this year from the rise of Dogecoin to Shiba Inu coin spiking up crazy to Ethereum hitting over $4000 for the first last month to the real OG Bitcoin. 3 of my top pick crypto coins to buy (BEST Cryptocurrency today) that have a huge growth potential this year and beyond! #1 Top crypto coins to buy now is: Cardano Coin (Token:…
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GME and AMC stock surge may impact crypto meme coins, BTC not so much?

This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.”  Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous growth this year. GameStop has shown 1,069.80% year-to-date returns, while AMC has shown 1,919.34% gains. At this rate, they should have 2,440% and 4,378% returns on an annual basis, respectively. Around the same time, Bitcoin (BTC) ventured…

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Worrying Sign for Bitcoin in the Short-Term: Exchanges Netflows

Some worrying signs are starting to appear for bitcoin’s price, at least in a short-term time frame. That’s according to a well-known analyst. The price for BTC has been wobbly recently, with it being unable to decisively break out in any direction. Last week, we saw bitcoin dipping as low as $31K only to recover and touch $38,500 days later. Now, however, the primary cryptocurrency is trading at around $35,500 for a 4% loss on the day. Commenting on the most recent price action was Ki Young Ju, the CEO…

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Miami stakes the claim to become the world’s Bitcoin and crypto capital

As Miami comes down from the “high” of having hosted the “largest-ever” Bitcoin event, it seems reasonable to ask: Does the Sunshine State’s entrepot really have what it takes to become “the world’s cryptocurrency capital?” — a new role foreseen by its dynamic mayor. If not, could Miami at least become the next Crypto Valley — i.e., a cradle for cryptocurrency and blockchain innovation like the Swiss canton of Zug? The optics certainly look good. As the New York Times noted in its coverage of last week’s Bitcoin 2021 gathering,…

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WazirX Reportedly Investigated by India’s Enforcement Directorate

India’s Enforcement Directorate (ED) has purportedly sent a show-cause notice to the founder of the popular exchange – Nischal Shetty, and the director – Sameer Mhatre. The agency has requested the duo to explain suspicious transactions worth nearly $400 million. According to a Reuters report, India’s financial crime-fighting organization, the ED, has contacted the two executives in regards to transactions worth 28 billion rupees ($382 million). The agency accused the operators of the exchange of failing to collect the required documents to carry out know-your-customer (KYC) verifications. Consequently, they are…

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Google reversing crypto ads ban a testament to blockchain market maturity?

The term “unpredictable” has almost become synonymous with the crypto industry at this point, as was on full display recently when technology juggernaut Google decided to un-ban digital asset exchanges from using its advertisement services after a lengthy period of almost three years.  In this regard, a policy update blog released by the firm stated that come Aug. 3, it will once again allow crypto exchange and wallet operators to advertise “those products and services that are certified by Google.” In terms of the requirements that exchanges looking to advertise…

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