Category: Trading
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Russian businesses are trading in cryptocurrencies despite the absence of regulations, officials admit
Due to their limited access to international finance, Russian businesses have started transacting in cryptocurrencies with their international partners. Even though these are still relatively small payments, government officials have noticed an increase in them, and this is before they have decided how to regulate them. Cross-Border Crypto Settlements on the Rise in Russia as…
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According to a Finance Ministry official, Russia will not try to outlaw crypto mining at home.
It would be difficult to restrict crypto mining in Russian households, according to a high-ranking representative of the Ministry of Finance in Moscow. As part of efforts to legalize Russia’s crypto space, the top official also revealed that the department is currently finalizing regulations for the mining sector. Trying to prohibit at-home crypto mining makes…
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Leumi, Israel’s second-largest bank, has begun trading in cryptocurrency.
Leumi, Israel’s second-largest bank, has announced the launch of a cryptocurrency trading service for customers of its digital investment platform. “Pepper Invest customers will be able to buy, hold, and sell cryptocurrencies through the service.” Pepper Invest, the digital investment platform of Pepper by Leumi (TASE: LUMI), announced Friday the upcoming launch of its cryptocurrency…
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Cryptocurrency regulation in India is expected to be implemented in February.
The Indian government is reportedly planning to introduce cryptocurrency regulation by the time of the next general Budget, which is in February next year. Instead of banning cryptocurrencies, like bitcoin, the government is likely to regulate crypto assets as commodities, according to reports. The Indian government is planning to introduce cryptocurrency regulation in February next…
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Bakkt’s stock has skyrocketed by 180% after announcing partnerships with Mastercard & Fiserv for crypto payments.
In true crypto fashion, two partnership announcements are causing BKKT to soar.Bakkt (NYSE: BKKT) shares jumped about 180% Monday and reached a record high of $28 after the digital asset platform announced two partnerships. Mastercard and Bakkt said Monday morning that they’re working to allow consumers to buy, sell and hold digital assets through custodial wallets offered…
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Investment App Abra Expands US Offerings With 60 New Cryptos
Abra is expanding its U.S. offerings, adding support for 60 new cryptocurrencies and doubling users’ bank deposit limits. The crypto wallet and investment app provider announced Tuesday that U.S. customers are now able to deposit, withdraw or trade bitcoin SV, DAI and cosmos, among many other crypto assets. Additionally, customer withdrawal and deposit amounts will…
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Facebook Cancels Calibra Launch in India
It is no news that the Indian government frowns at cryptocurrency and anything related to digital assets, and that recently included Facebook’s crypto, Libra and its Calibra wallet, which have been surrounded by so many controversies recently. Days after Indian government officials publicly expressed discomfort with Facebook plans concerning its cryptocurrency Libra and were looking…
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Cryptocurrency, A safe investment?
When Bitcoin hit the price of around $20,000 in 2017 then the media strolled all around with the cryptocurrency news. Bitcoin, the most prominent cryptocurrency and the one you’re most likely to have read about, has been around since 2009. However, its just past few years that it has been over heard in market. The…
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BTC to excel market again in 2019
Within minutes, on January 6, the Bitcoin price spiked from $3,830 to $4,030 by around five percent. Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140.The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800.…
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Christine Lagarde Convinced IMF Could Play Pivot Regulating Cryptocurrencies
IMF head Christine Lagarde’s positive comments on cryptocurrency appear to have inspired a U-turn in traditional finance circles. Lagarde’s suggestion that digital currencies could give fiat-based setups “a run for their money” provided a powerful alternative perspective to bankers’ “fraud” accusations. Lingham banker buddy’s optimism Now, well-known crypto industry figures such as Vinny Lingham are producing evidence that optimism from…