The transactions in cryptocurrencies grew by more than 600% in the last year. Even the bitcoin, recently managed to get the US authorities to allow it to have a publicly traded fund and it is already used as an official means of payment in El Salvador. Let’sBit in Peru, a cryptocurrency platform for investments and […]
Tag: Cryptocurrencies
Cryptocurrencies Weaken Washington’s Economic Sanctions
Washington considers it necessary to modernize its system of economic and financial sanctions, whose effectiveness is weakened by the development of cryptocurrencies, indicated the US Treasury. “If sanctions remain an essential and effective political tool, they also face new challenges, in particular the growing risks linked to new payment systems, the increasing use of digital […]
The US reviews its sanctions policy and warns of the threat of cryptocurrencies
Updated on 10/18/2021 06:46 pm The government of the president Joe Biden announced recommendations to change the use of economic sanctions in order to make them more effective for the foreign policy of USA, But he warned that more needed to be done to ward off the threat of the cryptocurrencies. Following a broad review […]
Cryptocurrency ‘Lobby’ Asks US Regulators Not To Impose New Rules
Updated 10/18/2021 11:42 am Asset-backed “stablecoins” are not a risk to the US financial system and should not be subjected to new rules, said the main lobby of the cryptocurrencies to regulators now that tighter oversight of this fast-growing sector looms. These stablecoins – digital ‘tokens’ generally backed by dollar reserves or assets from gold […]
Bitcoin Futures ETF Set for Milestone with US Debut
The Securities and Exchange Commission (SEC) is preparing to allow the first exchange-traded fund (ETF) of Bitcoin futures from USA, which would mark a watershed moment for the cryptocurrencies, according to people familiar with the matter. The regulator likely won’t stop the products from starting trading next week, said the people, who asked not to […]
Bitcoin mining, China’s “involuntary gift” to the US
In the small town of Rockdale, Texas, a massive construction site alone illustrates the central role played by americans intend to play in the world of cryptocurrencies, after China decided to leave the sector. With a capacity of 750 megawatts, the largest bitcoin farm in the United States now has more than 100,000 computers in […]
Bitcoin is nearing its all-time high and the US regulator contemplates opening the market
The price of bitcoin rose above $ 60,000 for the first time since April and is nearing its all-time high, as the securities regulator USA is studying the possibility of authorizing index funds (ETFs) linked to the cryptocurrency, which could boost demand. The price of bitcoin has soared 40% in a month ($ 60,126 at […]
Cryptocurrency companies prepare their own regulations
Faced with the prospect of widespread crackdown by federal authorities, cryptocurrency companies are increasingly trying to argue in Washington that the old rules should not apply. To shape the debate, they are publishing their own policy proposals that would protect them from multiple regulators and even temporarily exempt them from some regulations. The cryptocurrency sector […]
Bitcoin made the jump and traded above $ 57,000 at the close of Tuesday 12
The price of cryptocurrencies continues to rise and that of bitcoin in particular jumped above $ 57,000 this Tuesday, according to a recent report from the online data portal Statista. This latest price surge has pushed bitcoin’s market capitalization to $ 1.08 trillion. Other leading cryptocurrencies such as Ethereum, Binance Coin, Solana, Ripple and Dogecoin […]