Once again, Elon Musk has tweeted and pushed Bitcoin’s price beyond an important resistance area, for now. At the time of writing, BTC trades at $39,022 with a 15.5% profit in the daily chart. The cryptocurrency had a bloody weekend, and it took down the entire market with it. Top projects on the ranking by market cap saw 40% to […]

The Bank of Korea (BOK), South Korea’s Central bank is looking to research the usefulness of launching a central bank digital currency (CBDC) through a mock test, although the apex bank is not keen on issuing a sovereign digital currency.  BOK Testing Potential Use of Digital Won According to Yonhap News on Monday (April 24, 2021), the BOK revealed plans […]

The world is full of crypto millionaires, and each one has their own unique story. Here is one about Cooper Turley, a 25-year-old who began investing in crypto at a young age roughly four years ago. Cooper Turley Has a Lot of Crypto It was 2017, and like many other people, Turley found himself getting caught up in the bitcoin […]

The head of the Russian Central Bank, Elvira Nabiullina, has confirmed that digital ruble trials will begin in 2022. Earlier, the central bank of the country expressed its intention to start testing a CBDC in April. Digital financial assets are considered property under the Russian legislation, according to a law implemented on Jan 1. Digital Ruble Development in Russia The […]

This post originally appeared on the Unbounded Capital website and we republished with permission from Dave Mullen-Muhr. While it has been known in the two years since BSV was “delisted” from multiple exchanges under the guise of protecting exchange customers from an insecure network, the claim of BSV’s alleged insecurity has recently been brought back to our attention from new […]

New proposals being brought forward by the U.S. Treasury Department could see a new requirement to report digital currency transactions of over $10,000 to the IRS, as part of the Biden administration’s tax compliance plan. According to a report published by the Treasury Department, the measures would see digital currencies treated as cash for the purposes of large transactions, with […]

The new acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) has called for a review of the agency’s digital currency rule-making, in prepared remarks delivered to the House Financial Services Committee. Michael Hsu, who took over at the banking regulator following the departure of Brian Brooks, requested that staff at the OCC review […]

Hong Kong Exchanges and Clearing Limited announced it has recruited Alejandro Nicolas Aguzin as Chief Executive, effective 24 May 2021. Finance Magnates recently learned in a press release that Alejandro Nicolas Aguzin, an executive financial veteran with experience in capital markets and financial services, has been appointed by Hong Kong Exchanges and Clearing Limited (HKEX), an international exchange operator, as […]