Australia is working on creating a legal framework for digital assets and plans to complete the pilot testing of its own CBDC by 2022.
As part of the court’s decision, Craig Wright will not have to share half of his fortune with the Kleiman’s. However, he has yet to prove his ownership of Satoshi’s Bitcoin wallet carrying 1.1 million Bitcoins worth a staggering $60 billion.
The overall cryptocurrency market has witnessed strong sell-off over the weekend and extending on Monday. The crypto market has lost more than $500 billion over the last week.
Terra’s LUNA has touched an all-time high unsettling top players like Shiba Inu and Avalanche.
Sources said that Goldman Sachs is looking for getting approval for offering lending against the collateral. They are also in talks with crypto firms for offering custodial solutions for Bitcoin.
Besides, admitting that Bitcoin is a strong competition to the U.S. Banking systems, the SEC chairman stressed the need of regulating different stakeholders in the crypto ecosystem.
Having waited for long for an approval from the U.S. SEC, Fidelity is planning to launch the spot Bitcoin ETF at a more crypto-friendly destination aka Canada.
Novogratz said Powell could "act more like a central banker than a guy that wants to be reappointed."
The crypto market has entered a strong correction amid the global market sell-offs triggered by the spread of a new COVID-19 variant in South Africa.
The Shiba Inu cryptocurrency gained massive popularity over the last few months skyrocketing into the top ten cryptocurrencies.