The Australian government has given an ear to the cryptocurrency industry and appointed a new committee that will oversee the development of long called for regulation in the sector which is worth trillions of dollars globally. More than 800,000 Australians have already made crypto transactions over the last three years—a figure growing at an accelerated…
Cryptocurrency Now in the Sights of Australian Regulators
December 16, 2021
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Elon Musk Says Bitcoin Not Good Substitute for Transactional Currency
Tesla Chief Executive Elon Musk has said he believes that Bitcoin is not a good substitute for transactional currency due to its low transaction volume and high transaction costs. Speaking to Time magazine after being named Time’s 2021 Person of the Year on Monday, billionaire Musk instead touted Dogecoin, created by software engineers Billy Markus and Jackson Palmer, as a safer bet…
Stablecoins Steal the Limelight From Subdued Bitcoin
As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory, and private sector focus has turned to another part of the digital currency world: stablecoins. The past week saw Meta Platforms Inc. pilot its stablecoin payments wallet, while the world’s largest payments processor Visa launched a crypto advisory service and said…
Salvadoran President Accuses US of Supporting ‘Communist’ Opposition
The president of El Salvador leveled an ironic accusation against the U.S. government on Sunday, saying it has been funding the “communist” opposition against him. “U.S. taxpayers should know that their government is using their money to fund communist movements against a democratic elected (and with a 90% approval rating) government in El Salvador,” tweeted…
NTD Business Full Broadcast (Dec. 13)
Bitcoin hitting a supply milestone after more than a decade. Will its price get impacted? good or bad news, and for who? A Chinese company known for facial recognition delays its Hong Kong IPO — after being hit by another U-S blacklist. And Time magazine naming Tesla Chief Elon Musk “Person of the Year” for…
Shone Anstey, John Mac Ghlionn: Why the US and China Are Taking Opposite Approaches to Bitcoin
In this special episode, we sat down with two guests: researcher and journalist John Mac Ghlionn and Shone Anstey, CEO at LQwD fintech. They touch on the world of bitcoin—from the merits and the dangers to the different approaches the United States and China are taking; from embracing it to banning it; and how it’ll play…
Cryptocurrency Executives Demand Custom-Made Regulations for Industry
December 9, 2021
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Executives of six cryptocurrency companies urged Congress on Wednesday to clarify regulations, relax restrictions, and bring about tailor-made legislation for the booming $3 trillion sector. Washington is still figuring out how to manage the decade-old digital asset market in which almost 16 percent of Americans have made at least one transaction. A partisan divide was…
Ethereum Classic Follows Bitcoin, Decouples From Ethereum: What’s Next for the Crypto?
Ethereum Classic suffered a steep 23 percent flash crash on Saturday in sympathy with Bitcoin and Ethereum, which fell about 15 percent and 21 percent, respectively, during the same time period. While Ethereum has erased all of the losses from that day, Ethereum Classic and Bitcoin have failed to meaningfully rebound and both have settled…
Third-Largest Bitcoin Whale Buys 2,702 Bitcoin Worth $137 Million
The third-largest Bitcoin (BTC) whale added $137 million to their holdings on Monday. What Happened: According to data from BitInfoCharts, the wallet holder added 2,702 BTC worth $137 million at an average price of $50,700 per coin. The whale now holds a total of 118,017 BTC worth more than $6 billion. At current prices, their…
Hillary Clinton Sounds the Alarm on China, Russia: Should We Listen?
Commentary During an interview with MSNBC’s Rachel Maddow on Nov. 24, Hillary Clinton spoke about the need to regulate the cryptocurrency market. Without necessary protections, she warned, China and Russia have the power to use the likes of bitcoin and ethereum “to their advantage.” Should we heed Clinton’s warnings? More importantly, is she right? Considering…
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