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Bhutan, a tiny Himalayan kingdom known for its Gross National Happiness index and its environmental conservation efforts, is also making waves in the crypto space. The country has partnered with Ripple, a San Francisco-based company that provides cross-border payment solutions using its cryptocurrency XRP, to launch a digital version of its national currency, ngultrum. The…

The U.S. Securities and Exchange Commission (SEC) is reportedly planning to sue Bittrex, a major cryptocurrency exchange platform, over alleged violations of investor protection laws. The news comes as Bittrex announced its decision to cease all operations in the United States by the end of April 2023. According to The Wall Street Journal, the SEC’s…

Sweden, once considered a stronghold for bitcoin miners in Europe, is facing an uncertain future for its cryptocurrency mining industry. The country is set to abolish tax incentives for data centers in July, which will increase the tax rate from SEK 0.006 ($0.0006) to SEK 0.36 ($0.035) per kilowatt hour (kWh) of energy consumed by…

Twitter, the social media giant that was acquired by Elon Musk last year, has announced a new feature that will let its users access stocks, cryptocurrencies and other financial assets through a partnership with eToro, a social trading company. Starting Thursday, Twitter users will be able to view market charts on an expanded range of…

The G20, a group of 20 major economies, is working on a global framework to regulate cryptocurrencies and address the risks they pose to financial stability and tax compliance. The initiative comes amid growing adoption of crypto-assets for various purposes, such as investment, payment and speculation. The G20 has asked the Financial Stability Board (FSB),…

Ethereum, the second-largest cryptocurrency by market capitalization, is preparing for a major upgrade on April 12th 2023. The upgrade, dubbed Shanghai, will introduce several changes to the network, including unlocking billions of dollars worth of ether (ETH) that have been staked since late 2020. Shanghai is the final phase of Ethereum’s transition from a proof-of-work…

The Bank of England (BoE) is reportedly planning to hire a team of up to 30 people to work on a central bank digital currency (CBDC), according to the Sunday Times. A CBDC is a new form of digital money that would be issued and backed by the central bank, and could be used by…

Turkey is facing a severe economic crisis, with soaring inflation, unemployment, and currency devaluation. The Turkish lira has lost more than 40% of its value against the US dollar in 2021, reaching a record low of 18.5 lira per dollar in November. The situation has been worsened by political instability and frequent changes in the…

A recent discovery by a technologist has sparked a wave of speculation that the late Apple co-founder Steve Jobs may have been the mysterious inventor of bitcoin, the world’s largest cryptocurrency. Andy Baio, a former chief technology officer of Kickstarter and founder of XOXO Festival, wrote in a blog post on April 5 that he…

The European Union is preparing to introduce a comprehensive set of rules for crypto assets in 2024, but a senior official at the European Central Bank (ECB) has warned that the proposed framework has some flaws and needs to be revised. Elizabeth McCaul, a member of the ECB’s supervisory board, wrote in a blog post…

Binance Australia, a subsidiary of the world’s largest cryptocurrency exchange by trading volume, has lost its license to offer derivatives products in the country. The Australian Securities and Investments Commission (ASIC) announced on Thursday that it has cancelled the Australian financial services license held by Oztures Trading Pty Ltd, which operates as Binance Australia Derivatives.…

PostFinance, a Swiss state-owned retail bank, has announced that it will soon offer its 2.5 million customers access to cryptocurrency trading and storage services. The bank has partnered with Sygnum Bank, a regulated digital asset bank, to provide a range of crypto products via Sygnum’s B2B banking platform. According to a press release on April…