Russia’s Finance Ministry Submits Draft Cryptocurrency Regulations

Russia’s Finance Ministry Submits Draft Cryptocurrency Regulations

The Russian Finance Ministry has submitted A draft of long-awaited cryptocurrency regulations to the government on Monday, marking a small step toward clarity for a booming yet largely unregulated industry. The draft upholds the current ban on crypto payments for goods and services, sets a cap on the amount of rubles that people can invest … Read more

How ‘stablecoins’ risk destabilizing global markets

How ‘stablecoins’ risk destabilizing global markets

The Biden administration, the Federal Reserve System and the Financial Stability Board recently raised concerns about “stablecoins”, suggesting that these unique cryptocurrencies could pose a major risk to global financial stability. After Bitcoin and Libra – Facebook’s dead-on-arrival digital currency – global financial regulation authorities have a new enemy: stablecoins. The Financial Stability Board (FSB) … Read more

How ‘stablecoins’ risk destabilizing global markets

How ‘stablecoins’ risk destabilizing global markets

The Biden administration, the Federal Reserve System and the Financial Stability Board recently raised concerns about “stablecoins”, suggesting that these unique cryptocurrencies could pose a major risk to global financial stability. After Bitcoin and Libra – Facebook’s dead-on-arrival digital currency – global financial regulation authorities have a new enemy: stablecoins. The Financial Stability Board (FSB) … Read more

Coinbase Is Confident It Will Ride Out The Crypto Storm

Coinbase Is Confident It Will Ride Out The Crypto Storm

Outside of the Super Bowl, which many called “the Crypto Bowl” due to the record number of ads aired by crypto firms, the year has been marked by a succession of bad news for the emerging crypto industry. The digital currency market has lost over $1 trillion in value since hitting an all-time high of … Read more

BuyTheBroncos DAO aims to raise $4 billion to buy Denver Broncos

BuyTheBroncos DAO aims to raise  billion to buy Denver Broncos

DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a … Read more

Are We In a Crypto Bubble?

Are We In a Crypto Bubble?

Bubble is a term that has been thrown around loosely in the financial media over the last few years to describe everything from the housing market to equities to used cars. With the Federal Reserve pumping trillions into the economy and keeping the short-term federal funds rate low in response to the COVID-19 crisis, real … Read more

ConocoPhillips is selling extra gas to bitcoin miners in North Dakota

ConocoPhillips is selling extra gas to bitcoin miners in North Dakota

Employees arrive at ConocoPhillips headquarters in Houston, Texas. F. Carter Smith | Bloomberg | Getty Images Oil and gas major ConocoPhillips is in the bitcoin mining fuel business. The company said in a statement to CNBC on Tuesday that it has one bitcoin pilot project currently operating in the Bakken, a region in North Dakota … Read more

With rates on the rise, Tom Lee sees money from speculative stocks eventually flowing into crypto

With rates on the rise, Tom Lee sees money from speculative stocks eventually flowing into crypto

When Tom Lee’s Fundstrat published his first report on bitcoin about five years ago, it said that by 2022, the cryptocurrency could be worth between $15,000 and $50,000. Bitcoin is currently somewhere in the upper middle of that range, and Lee remains optimistic about the future of bitcoin and crypto, especially in a rising rate … Read more

Mods Accused of Bitcoin Mining, Viruses Removed From Steam

Mods Accused of Bitcoin Mining, Viruses Removed From Steam

Screenshot: Cities: Skylines Over the last few days, a series of mods for the PC strategy game Cities: Skylines have been removed from Steam after users began fearing that they contained all kinds of nasty stuff, from keyloggers to viruses to bitcoin mining software. The alarm was sounded by this NME story and subsequent Reddit … Read more

68% of investment execs think clients shouldn’t own cryptocurrency

68% of investment execs think clients shouldn’t own cryptocurrency

A Bitcoin ATM is seen inside a gas station in Los Angeles on June 24, 2021. CHRIS DELMAS | AFP | Getty Images Roughly 2 out of 3 “fund selectors” don’t think individual investors should own cryptocurrency in their portfolios, largely for reasons related to transparency and, according to a Natixis Investment Managers survey. Fund … Read more