Cryptoverse: 10 billion reasons bitcoin could become a reserve currency
The spree follows Terraform co-founder Do Kwon’s announcement on Twitter last month that the project would buy the $10 billion worth of bitcoin reserves to underpin TerraUSD.
KATHMANDU: Nepal Telecommunications Authority (NTA) has directed to shut down all crypto currency trading websites and platforms. With this, websites and mobile applications facilitating trading of bitcoin, hyperfund, online gambling (betting), among others, are to close in the country. An NTA circular issued Tuesday directed authorities concerned to provision a ban or blacklist illegal online […]
Soon after El Salvador's President Nayib Bukele announced plans for the world's first Bitcoin city, powered by a volcano and financed by cryptocurrency bonds, the International Monetary Fund (IMF) recommended that the country stop using Bitcoin as legal tender, citing financial and consumer risks associated with the cryptocurrency. El Salvador, which has relied on the US dollar as its principal currency for more than two decades, legalized Bitcoin as an official money in September and has reaped the benefits.
The IMF noted in a statement that Bitcoin and cryptocurrencies in general might help with efficient payments, but that making them legal money would likely jeopardize financial stability. "Because of Bitcoin's tremendous price volatility, it poses major threats to consumer protection, financial integrity, and financial stability if it is used as legal money. It also creates fiscal contingent liabilities as a result of its use. Bitcoin should not be utilized...
Dogecoin is a crypto-currency that started as a joke in the year 2013. It is, in fact, a satirical homage to bitcoin – brought to serve no real purpose other
MUMBAI, Jan 31: India plans to introduce a law to ban private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the central bank, according to a legislative agenda listed by the government.
KATHMANDU, May 22: The Central Investigation Bureau (CIB) of Nepal Police has arrested a man on the charge of involvement in transacting illegal crypto-currency ‘bitcoin’ and swindling over Rs 3 million from various individuals.
