This Report will provide you some important and quick news of cryptocurrencies that happened around the world.
1. The SEC Collaborates With AnChain.AI To Monitor The Defi Industry
According to a representative for AnChain.AI, a blockchain analytics firm, the Securities and Exchange Commission recently awarded the company a $600,000+ contract to assist the government in regulating and monitoring the Defi area. The contract, which begins in May 2021, has an initial value of $125 000 but has the potential to increase to $625 000 if the SEC chooses to retain the group for five further $125 000 ‘option’ years…[continue reading]
2. Morgan Stanley Acquires 6.5 Million Shares In GBTC
Morgan Stanley investment funds have acquired more than 6.5 million shares in Grayscale Bitcoin Trust (GBTC), a move that comes as other prominent financial institutions look for ways to provide exposure to the cryptocurrency market for their clients…[continue reading]
3. Senator Pat Toomey Becomes New Crypto Crusader
Toomey, a Republican senator who serves on the Banking Committee, announced on Wednesday that they are seeking “ideas and legislative proposals to ensure that federal law supports the development of emerging cryptocurrency and open blockchain network technologies while continuing to protect crypto investors.”…[continue reading]
4. Cuba About To Recognize Bitcoin As A Form Of Payment
Cuba is on the verge of recognizing and regulating Bitcoin and other cryptocurrencies as payment methods. This is described in a resolution issued by the ministry of justice on Thursday. Marta Sabina Wilson González, the central bank’s minister-president, signs the resolution…[continue reading]
5. China’s Central Bank Declares Bitcoin To Be Worthless
According to the Chinese newspaper, Yin Youping, deputy director of the Financial Consumer Rights Protection Bureau, recently stated that digital assets such as Bitcoin are not legal cash and have no “real value.” He continued by stating that cryptocurrencies are “pure investment speculation” and advising consumers to avoid them…[continue reading]
6. Animal Shelter Can Now Accept Dogecoin
Dogecoin ($DOGE) can now be used to aid in the rescue of real dogs, as an animal rescue organization has begun collecting cryptocurrency donations, with a particular emphasis on the meme-inspired cryptocurrency that experienced a meteoric rise in popularity early this year…[continue reading]
7. Facebook Is Certainly Considering NFTs
With the completion of Facebook’s custom cryptocurrency wallet Novi, the social media giant may soon allow nonfungible tokens (NFTs). David Marcus, president of Facebook Financial and co-creator of the Facebook-backed cryptocurrency Diem, said Wednesday that the company is “absolutely looking” at ways to enter the NFT space…[continue reading]
8. SEC Expected To Approve Bitcoin ETFs By November
Bloomberg’s senior ETF strategist, Eric Balchunas, recently took to Twitter to highlight that VanEck and ProShares’ recent withdrawals of Ether ETFs are a positive sign that Bitcoin futures ETFs may be approved shortly…[continue reading]
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