Crashing cryptocurrencies seem to be continuing. Late Monday night, the price of bitcoin fell below $30,000 for the first time in nearly a month, dragging other digital currencies down with it. According to Coin Metrics, bitcoin is currently trading around the $29,000 area, down approximately 3% on the day. Ether is down 1.25 percent, while … Read more
Regulators after Stablecoin now Regulators have placed a target on Stablecoin as a result of some actions taken in the financial regulator group chat. Since the mention of Stablecoin from worldwide officials, the coin has been in constant flux. Janet Yellen made the conversation live over Twitter the other day as she spoke with prominent … Read more
After selling the Washington Post for $250 million in June, Jeff Bezos has relinquished the role of CEO of Amazon, the company he founded in 1994 as an online book shop in Seattle. With a wealth of $199 billion, Bezos left his position as CEO as the world’s richest man. And, although he just bought … Read more
Suddenly, at 12:00 a.m. on Thursday, a billion-dollar business was conjured out of thin air. For the first time, players are permitted to sign endorsement agreements and earn money from their reputation thanks to the loosening of regulations regulating name, image, and likeness (NIL). As a consequence, a “transcendent day for American sports” is predicted … Read more
Today is the Chinese Communist Party’s 100th birthday, and the party wants to show the world that it still has all of its fangs. President Xi Jinping gave a speech that he hopes will establish him as the most powerful Communist Party leader since Mao Zedong. Chinese social media is buzzing, coal miners are taking … Read more
As worldwide monitoring of the rapidly expanding industry increases, an increasing number of crypto asset companies are abandoning efforts to register with the UK’s financial authority. On Friday, the Financial Conduct Authority (FCA) barred Binance, one of the world’s largest cryptocurrency exchanges, from performing any regulated activity in the United Kingdom, as authorities across the … Read more
Bogotá, the capital of Colombia is funding blockchain development as part of the city’s broader investment in innovative technologies. According to an announcement made on Monday on the city of Bogotá’s official website, the municipal government will provide 8.8 billion Colombian pesos ($2.3 million) to local companies as part of four new programs in the city’s Innovation, … Read more
Banco de Bogotá, one of Colombia’s biggest banks, will test crypto services as part of a regulatory sandbox experiment. Banco de Bogotá, Colombia’s oldest commercial bank, is allegedly looking into cryptocurrency-related services. As reported by the local news agency Portfolio, Banco de Bogotá said Monday that it would join in a pilot project led by … Read more
Ricardo Benjamín Salinas Pliego is a Mexican billionaire businessman, founder and chairman of Grupo Salinas, a group of companies with interests in telecommunications, media, financial services, and retail stores. He is the third richest person in Mexico and the 172nd richest person in the world with an estimated net worth of US$13.6 billion in February 2021 Pliego, already well … Read more
Bitcoin (BTC) fell precipitously on Friday after a rejection above $35,000 sparked a rout toward familiar support. Bitcoin heads back toward $30,000 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it shed over $2,500 during trading on Friday. The pair had hit local highs of $35,400 overnight before abruptly reversing trajectory to fall below $33,000. For popular … Read more
