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IMF recommends El Salvador not use bitcoin as legal tender The International Monetary Fund (IMF) on Monday said El Salvador should not use bitcoin as legal tender, considering risks related to the cryptocurrency. The IMF statement came just after El Salvador announced that he was planning to build Bitcoin city. Cryptocurrencies fade on news that […]
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Shiba Inu Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks SHIB accounted for 6.72% of the total turnover on Coinbase, the Nasdaq-listed crypto exchange, slipping to the third position behind Bitcoin and Ether. SHIB is still ahead of prominent cryptocurrencies like programmable blockchains Solana and Polkadot’s SOL and DOT tokens. French […]
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Digital currencies won’t impact US sanctions, Treasury exec says Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the […]
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Crypto Ban Unlikely in India, but Govt to Discourage Trade According to reports, the Indian government has indicated that it plans to regulate cryptocurrencies to prevent investors from holding them without any restriction. However, the Centre does not want to ban crypto coins entirely, as it had planned earlier. The Centre is likely to allow only […]
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Skybridge Capital Founder urges investors to buy Bitcoin Anthony Scaramucci, the founder and managing partner of New York City-based investment firm Skybridge Capital said that Bitcoin will trade at $500K in the near future. He said that those who invest today are still early birds. VanEck to Launch Bitcoin Futures ETF ‘XBTF’ next week after […]
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Bitcoin Taproot upgrade is now live The Bitcoin network has received a new update since 2017, called Taproot and is backed unanimously by the investors indicating a possible up-move. This update will lead to greater privacy and efficiency. This will also eliminate middlemen in transactions through smart contracts. Coinbase now allows users to share their […]
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BlackRock iShares has no current plans to launch crypto ETFs Salim Ramji, executive of BlackRock iShares said that the firm has no current plan to launch crypto ETFs as the regulatory framework is not transparent. He added that liquidity is another concern. The Securities and Exchange Commission had approved Bitcoin ETF last month. Binance freezes […]

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