Crypto-news

Breaking crypto news from the last week (Dec. 18 – 24, 2021): Dec. 18: The Central Bank of Russia (CBR) has again taken an antagonistic stance against crypto, citing crypto’s inherent volatility and illegal use as a key reason for their conservative position. Sources said the CBR’s current stance on cryptocurrency is one of “complete…

World’s biggest crypto exchange, Binance appointed Richard Teng, who joined Binance Singapore as its chief executive officer four months ago, on a new role as the global entity’s head for the Middle East and North Africa. According to his LinkedIn profile, Teng was a director for corporate finance at the MAS before. Richard Teng, who…

LUNA, the native token of DeFi network Terra, surged to over $100 on Friday to lead a “Santa rally” in crypto markets. Total value locked in Terra has upped 55% over the past week, with a spike in on-chain activity. Some experts suggest DeFi applications like Anchor allure investors to Terra. Traders took advance of…

The US Securities and Exchange Commission (SEC) rejected on December 23 two proposals by Kryptoin and Valkyrie investment firms for spot Bitcoin exchange-traded funds (ETFs). Rejecting Bitcoin spot-ETFs, the SEC has also disapproved of any creative products such as leveraged or inverse futures backed ETFs. The most remarkable year for cryptocurrencies yet is coming to…

Over 50 countries have banned cryptocurrencies, according to a report from the Global Legal Research Directorate of the Law Library of Congress. The November report served as an update to research published in 2018, found the number of countries banning crypto “increased significantly” since the research first came out in 2018. Since 2018, “the number…

The Filecoin cryptocurrency is primed to join a large family of projects that implement smart contracts, which entails compatibility with Ethereum and the possibility of building DeFi services on this platform. The development team of the Filecoin project (FIL token) starting their own virtual machine is, in my opinion, one of the most important recent…