Exchanges

FTX CEO Sam Bankman-Fried Believes Crypto Will Thrive in Latam

Coins Legend July 26, 2022 0

Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future.

News

Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing

Coins Legend July 25, 2022 0

Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc. filed its second-quarter report with the […]

News

Cryptocurrencies a ‘Good Alternative to Traditional Settlement Processes’ — Study

Coins Legend July 25, 2022 0

Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money transfer industry perceive the blockchain and cryptocurrencies as technologies

Regulation

Ukraine’s New Fiat Restrictions to Boost Popularity of Crypto, Industry Says

Coins Legend July 24, 2022 0

The central bank of Ukraine has adjusted the fixed exchange rate of the national currency in U.S. dollars and introduced stricter limits on hryvnia transactions for citizens. The measures are likely to turn more Ukrainians to cryptocurrencies, according to a representative of the local crypto sector. War-Time Hryvnia Limits Expected to Increase Interest in Cryptocurrency

News

Social Media Users Deride China’s Reported Use of Military Tanks to Intimidate Protesting Bank Customers

Coins Legend July 22, 2022 0

Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks exposes the country’s underlying economic problems. Crypto proponents see the issue as a vindication of their long-standing argument. Savings Now Investment Products Some

News

FBI Warns of Fake Crypto Apps — 244 Investors Defrauded, $42.7 Million Lost

Coins Legend July 20, 2022 0

The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency. FBI’s Crypto App Warning The cyber division of the Federal Bureau of Investigation (FBI) […]

Market updates

Nigerian Central Bank Governor Says Fintechs and Cryptos Change the Way Financial Systems Function

Coins Legend July 19, 2022 0

The Nigerian central bank governor and bitcoin critic, Godwin Emefiele, recently remarked that the rise of fintechs and cryptocurrencies among other technologies have forced banks and financial institutions to change the way they operate. According to Emefiele, this requires the central bank’s monetary policy committee (MPC) to rethink the way it regulates the financial

Regulation

US and UK to Deepen Ties on Crypto Regulation, Says British Regulator

Coins Legend July 18, 2022 0

Britain’s top financial regulator, the Financial Conduct Authority (FCA), says the U.S. and U.K. will deepen ties on crypto regulation. “In the past, innovative firms would have been pleading for less regulation. Now they understand and appreciate that rules are there to help provide certainty,” said the British regulator. US and US to Strengthen Collaboration […]

Regulation

Bank of England: Crypto Needs Enhanced Regulatory and Law Enforcement Frameworks

Coins Legend July 7, 2022 0

The Bank of England says “extreme volatility” in the crypto market “underscores the need for enhanced regulatory and law enforcement frameworks.” The British central bank has warned that crypto prices could fall further. Bank of England Calls for Enhanced Crypto Regulation The Financial Policy Committee of the British central bank, the Bank of England (BOE), […]

News

Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

Coins Legend July 7, 2022 0

Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their net investment into […]