Bank of Russia Blocks Mutual Funds From Offering Crypto Exposure
The Bank of Russia has remained skeptical about cryptocurrencies. The institution has now issued a statement regarding the investment opportunities available for mutual funds. According to Russia’s Central Bank, mutual funds have been banned from investing in digital assets such as
Bank of England Says Bitcoin Too Volatile To Be Legal Tender
The use of Bitcoin is constantly evolving. Bitcoin is no longer just a speculative asset, it has seen adoption not only a reserve asset for businesses, but as legal tender for countries. El Salvador made headlines because it was the first
Bank of Spain Calls On VASPs To Register
The Central Bank of Spain is launching a new set of registrations that target virtual currency service providers (VASPs). The new guidelines will also impact banking institutions operating in the country. The Central Bank of Spain seeks to address the issue
TokenPocket App Removed From Apple’s App Store
Apple has removed the TokenPocket app from the App Store. This app was removed from the platform because PayPal filed a trademark complaint against the crypto wallet. TokenPocket has stated that it had received a notice from the payments giant firm
$BITO ETF Nears Futures Contract Limit Days After Launch
The ProShares Bitcoin Strategy ETF that started trading earlier this week has been having a field day. However, it now seems like the popularity that the ETF has gained in just a few days is overwhelming as the fund nears
Bitpanda Receives $263 Million From Valar Ventures
Bitpanda, a popular crypto trading platform, has benefited from a $263 Million dollars in funding from the renowned Peter Thiel. This brings the value of the crypto firm to $4.1 Billion. With this development, Bitpanda now stands three times its value
Cuban Admits To Owning Less Than $500 of Dogecoin
Mark Cuban, a renowned Dogecoin pumper, is not having it easy from the online community after he finally made it public about the amount of Dogecoin he owns. The online community is offended that Mark Cuban advocates for this meme
Kryptoin Files For An Ethereum ETF With SEC
Kryptoin Investment Advisors has become the latest company to file for an Ethereum ETF with the U.S. Securities and Exchange Commission (SEC). The firm had applied for a Bitcoin ETF earlier, but the application is still under review with the
PayPal Increases Cryptocurrency Buy Limit
https://twitter.com/PayPal/status/1415748537078386689 Leading global payments giant PayPal is changing its terms to accommodate more crypto users to the platform. The payments firm has increased the weekly buy limit for cryptocurrencies to $100,000. The new limit is five times more than the $20,000 limit
China Orders Closure of Software Company For Crypto Trading
China’s Central Bank has ordered the closure of a software company based in Beijing for allegedly involving itself with crypto trading. The recent announcement seeks to enforce the crypto restrictions imposed in the country. Authorities in the country ordered the immediate