Tag: cryptocurrency

A Storm is Brewing for Bitcoin in 2021

Today I would like to share with you my feelings about two recent news stories. The stormy U.S. election made a big deal last week when supporters of the incumbent president gathered in large numbers in Washington, D.C., in high spirits and dissatisfaction with the election results, and some even stormed the Capitol in an all-out war drama with the world watching. In the aftermath, the incumbent’s social accounts, including those of nearly 70 million of his supporters, were blocked,…

In the face of the “surge” of coins, how to layout the market?

Two of the DeFi tokens that have been particularly notable recently are Link and Sushi. The reason for the attention is that the price has skyrocketed. As far as I can remember Link was hovering around $10+ for a long time and has surpassed $20 in the last two days; Sushi was hovering around $1 for a long time and has risen to over $6 in the last two days. These two coins are also of high interest to our…

PayPal has opened cryptocurrency purchases to some US users, starting at a minimum of $1

According to Gyro Finance’s verification, PayPal has opened cryptocurrency purchases to some US users, and users need to pass the verification SSN (US Social Security Number) and set up a PayPal Cash account to complete the purchase operation. Currently, users can purchase four cryptocurrencies, BTC, ETH, BCH, and LTC, on the PayPal platform, with a minimum purchase of $1. When buying and selling cryptocurrencies, PayPal will charge transaction fees and currency exchange fees, and users do not need to pay…

Media: Iran incorporates cryptocurrency into the central bank’s import financing mechanism

According to Trustnodes, Iran has become a country that uses cryptocurrency for value exchange at the national level. The Iranian Cabinet revised the legislation to re-incorporate cryptocurrency into the import financing mechanism of the Central Bank of Iran (CBI). The central bank and the Ministry of Energy stated: “Miners should directly provide native cryptocurrency within the scope of authorization of the CBI introduction channel.” The legal upper limit of the number of cryptocurrencies for each miner will be determined based…

The e-commerce platform nopCommerce integrates the Crypto.com payment checkout plugin, allowing users to make cryptocurrency payments

The e-commerce platform nopCommerce has integrated the cryptocurrency debit card company Crypto.com Pay Checkout (payment checkout plug-in) plug-in. Through this cooperation, merchants on the nopCommerce platform can accept cryptocurrency payments from users through Crypto.com Pay. The Crypto.com Pay Checkout plugin for nopCommerce enables merchants to initially support BTC, ETH, LTC, XRP and CRO. The received cryptocurrency can be immediately converted into the fiat currency (USD or Euro) chosen by the merchant. Merchants can also use the Crypto.com Pay invoicing service…

Li Wensen, former director of the Currency and Gold and Silver Bureau, succeeds Zhou Xuedong as the director of the Central Bank Office, who has emphasized the strengthening of cryptocurrency supervision

Li Wensen, former director of the Currency and Gold and Silver Bureau of the People’s Bank of China, appeared at the third quarter financial data press conference as the new director of the General Office of the People’s Bank of China and new spokesperson. Before assuming the post of Director of the Monetary and Financial Bureau, Li Wensen worked in various branches of the Central Bank for many years. At the beginning of August, Zhou Xuedong, former director of the…

The Central Bank of Russia recommends that non-professional investors should not exceed US$7,800 in annual cryptocurrency investment

The Central Bank of Russia proposes to limit the annual cryptocurrency investment of non-professional investors. It is recommended that such investors should not invest more than 600,000 Russian rubles (approximately US$7,800) in digital assets each year. The Central Bank of Russia stated that the new regulatory restrictions not only involve digital assets, but also “other digital rights.”

US presidential candidate Jo Jorgensen accepts cryptocurrency donations

US Liberal Party presidential candidate Jo Jorgensen tweeted that now not only is supporting legal currency donations, but Bitcoin holders can also donate to them. The information on the donation page shows that Jo Jorgensen has accepted Bitcoin, Ethereum and other cryptocurrency donations through Bitpay.

Former Minister of Finance and Economic Affairs of India: Blockchain-based cryptocurrency will disappear in five years

According to a report from Economictimes, Subhash Chandra Garg, the former Minister of Finance and Economic Affairs of India and the current cabinet adviser of Andhra Pradesh, stated that blockchain-based cryptocurrencies will disappear within five years. Garg believes that cryptocurrency is a high-risk asset. Without the support of any government authority, the government should protect people from cryptocurrency. Any currency represents a purchasing power. It must be issued by relevant departments and be strictly controlled. If a private person issues…

CCTV’s “Tianxia Finance” column: Cryptocurrency has become one of the best performing assets so far this year, and DeFi has helped the market recover

CCTV2 “Tianxia Finance” column reported that since the beginning of this year, the world’s major cryptocurrencies have risen close to 70%, while gold’s rise is only 20%. The strong rise not only outperformed gold, but also surpassed the global stock market, bond market and commodity market. The rate of return. If you look at the rate of return on investment alone, cryptocurrency can be said to be one of the best performing investment assets so far this year. The main…