Charlie Munger, vice chairman of Berkshire Hathaway, has once again made his stance on cryptocurrencies clearer, this time in an article titled “Why the U.S. Should Ban Cryptocurrencies.” In the article, Munger emphasized the need for the U.S. government to ban cryptocurrencies, echoing China’s decision to do so. Munger believes
February 3, 2023 │ 5:00 PM GMT Binance bought 41.2% of crypto exchange GOPAX shares to return to South Korea. Binance announced that the investment was part of its Industry Recovery Initiative (IRI). GOPAX faced difficulties last November due to its ties with Genesis Global. An ultimatum from authorities led
February 3, 2023 │ 4:30 PM GMT Silvergate’s stock went down as much as 28% yesterday after Bloomberg reported that the bank is facing a probe by the U. S. Department of Justice over its ties with FTX and Alameda. SI is currently trading at around $17. The DOJ is
February 2, 2023 │ 5:15 PM GMT 72% of the 835 institutional investors surveyed by J. P. Morgan said they are not interested in entering the crypto markets. 14% of respondents said they plan to trade crypto in the next five years, and 6% said they plan to do so
London has taken the top spot as the world’s leading hub for cryptocurrencies, according to a recent study from Recap, a cryptocurrency tax software firm. The research, which was released on Jan. 25, 2023, analyzed eight key indicators including the number of cryptocurrency businesses, the quantity of cryptocurrency ATMs, and
February 1, 2023 │ 6:00 PM GMT Elizabeth Warren (D-Mass.), John Kennedy (R-La.), and Roger Marshall (R-Kan.) wrote a letter to Silvergate CEO Alan Lane asking for more information about its relationship with bankrupt crypto exchange FTX. The senators said Silvergate’s risk management and due diligence processes on FTX“miserably failed.”
Panama City, Panama – The future of the Panamanian cryptocurrency bill, which was approved by the National Assembly last year, now rests in the hands of the Supreme Court after Congress rejected a presidential veto. The bill has been the subject of a contentious debate between President Laurentino Cortizo and
South Korea has taken a significant step in its efforts to tackle money laundering and other criminal activities in the crypto space by introducing a new virtual currency tracking system. The Ministry of Justice in South Korea recently announced plans to deploy the Virtual Currency Tracking System in the first
January 30, 2023 │ 7:30 PM GMT Users will be able to pay for goods and services in Brazil with 13 cryptocurrencies, including bitcoin (BTC), ether (ETH), and Binance USD (BUSD). Binance will charge a 0.9% fee per transaction and offer up to 8% in crypto cashback. Users will also
January 30, 2023 │ 6:30 PM GMT Bitcoin prices in Nigeria are 61% higher than on exchanges like Binance at press time. Nigeria’s Central Bank announced the replacement of its 1,000, 500, and 200 naira notes last October. The apex bank restricted the amount of fiat that individuals or corporations