It is quite common that cryptocurrencies are being compared to national currencies or else fiat currencies or stocks or commodities. Such comparison has to result in an observation that cryptocurrencies are not as stable as all the above mentioned investment classes. Stability and volatility However stability is not the same as zero volatility. Cryptocurrencies are…
Key message: Big banks like JPMorgan Chase and Deutsche Bank are opposing new rules where they would have to set aside $1 of capital for every $1 held in cryptocurrency. The rules were proposed in June by a group of global central bankers and regulators, also known as the Basel Committee on Banking Supervision (BCBS)….
Key message: The official Bitcoin.org website has been hacked, with visitors receiving a fraudulent message that the Bitcoin Foundation is giving back money to the community and that money will only be given out to the first 10,000 users. The scammer pocketed $17,000. The security failure was reported by users on Thursday morning. Bitcoin.org and…
Key message: The National Bank of Ukraine (NBU) has decided to support the development of the crypto industry after the adoption of the law on cryptocurrencies. Thus, on September 13, the bank issued an official statement on the basic principles of monetary policy for the coming year. In this statement, it pays special attention to…
Key message: India is seeing a rise in number of crypto investors in smaller cities. Data from crypto exchanges operating in the country show that the surge is not just in the interest in bitcoin, but also other digital assets. The exchange WazirX, for example, says it has seen a 2,648% increase in registrations from…
Key message: PayPal has expanded its services and for UK customers this means they can buy, sell and hold cryptocurrencies directly from their accounts. The company made the announcement on Twitter on Friday. This is the first international expansion. PayPal and service expansion Customers will be able to sell, hold and buy Bitcoin, Ethereum, Bitcoin…
Key message: The short-term supply of bitcoins, which are coins that have been spent, or changed hands, is shrinking. It is even falling to 2015 levels. That’s according to a report from Arcane Research. Supply as in 2015 Short-term supply depends on the analyst’s definition, but it is usually a period of 1 to 3…
Key message: If you’re a fan of ASMR, you’ll be pleased to hear this. The mobile platform xtingles has announced its first ASMR NFT drop called “Free Like a Butterfly”. This drop will be launched for the first time on September 16, 2021 and the dedicated xtingles NFT marketplace will be launched on the same…
Key message: HODLing behavior is growing, long-term holders don’t want to sell their bitcoins. This is according to the latest data from analytics platform Glassnode. These are mostly investors who hold their coins for more than a year. But according to Glassnode, anyone who holds coins for more than 155 days is a long-term holder….
Key message: According to the Salvadoran government, foreign investors in El Salvador will be exempt from profit tax from BTC, said Javier Argueta, the legal advisor to the Salvadoran government. This is a development to further encourage entrepreneurs and investors to enter the country. Profit tax So if a foreign investor owns Bitcoin and makes…
