With other top and competing economies working on digital currencies, India considers pilot testing its own CBDC.
Following the Chinese crackdown, Musk appreciated the Bitcoin mining industry’s efforts to move towards renewables. His anticipation suggests nearly 50% of the industry has moved the use of clean energy.
Raising a record-breaking fund in Series B round, FTX plans to do multiple acquisitions while expanding its portfolio of crypto offerings.
On July 20，the crypto market started a fresh drop with Bitcoin falling below $30,000. About $100 billion was liquidated amid the red market. The drop in crypto assets came after the recent sell-offs in global stock markets.
The New Jersey Office of the Attorney General has slapped a cease and desist order to BlockFi for violating the securities laws.
The Russian association is also exploring clean energy solutions to cater to the shift in the crypto mining industry.
Investors remain nervous about the unlocking of the GBTC shares happening ahead this Sunday, July 18. As a result, BTC continues to trade under pressure.
The Fed Chairman is confident about the Digital Dollar overshadowing the use of cryptocurrencies. He also called the need for a strong regulatory framework for stablecoins.
As part of the deal BNY Mellon will take charge of GBTC’s accounting and administration processes starting October 1.
In the latest crackdown, the U.K. Advertising Standards Authority (ASA) said that it will bring down all the misleading crypto ads, especially on the social media platform.