News

Michael Saylor – CEO of MicroStrategy – recently expanded on his company’s newly established, Bitcoin collateralized loan with Silvergate bank. He suggested that the loan was his company’s next best option besides Bitcoin-backed bonds. However, he doesn’t believe financial markets are ready yet for such a product. The Loan vs. the Bond MicroStrategy is the largest individual holder of circulating Bitcoin in the world (with the possible exception of one mystery whale). On Friday, the company resumed its efforts to…

Some of Canada’s biggest crypto advocates have founded a non-profit organization to help with crypto regulation in the country. The formation of a crypto-positive non-profit comes on the back of the government's seizure of some crypto assets donated to the protests. Web3 Council to Work with the Government Canada’s newest crypto non-profit is dubbed the Canadian Web3 Council. The term Web3 describes the next phase of the evolution of the internet. This coming stage is integrated with blockchain technology and…

Working with Mastercard, Australia-based crypto exchange BTC Markets is providing its users with a new range of payment options. Creating a Crypto Ecosystem Post-partnership, the crypto platform will enable customers to purchase their digital assets using direct debit, prepaid, or credit cards. In the past, the exchange only supported payment via bank transfer. However, as CEO Catherine Bowler pointed out, the crypto industry is always evolving, and staying on top of developments is essential. Bowler noted that crypto users are…

Terra – the fiat-pegged stablecoin protocol – purchased another $135 million in Bitcoin on Monday to add to its reserves. This coincides with Bitcoin’s push to $48,000, breaking through the $45,000 that Bitcoin has been under since early January. Terra’s purchase is part of its effort to build a $10 billion Bitcoin reserve to back its US dollar stablecoin, TerraUSD (UST). UST is currently backed by LUNA. However, it is pivoting to Bitcoin to avoid risks of a future debt…

Pierre Poilievre – Canadian MP and front-runner for Conservative leadership – is showing support for Bitcoin. This is part of his campaign to combat growing inflation in Canada. On Monday, the politician visited a Shawarma shop in London, Ontario to purchase a meal using the cryptocurrency and promised to make Canada the “blockchain capital of the world.” Addressing Inflation With Bitcoin Inflation is a focal point of Poilievre’s campaign. He frequently notes the record CPI increases experienced by Canada in…

The Japanese government is ready to amend its foreign exchange policy. This move is part of global efforts to bar Russia from avoiding financial restrictions via crypto. Japan to Block all Loopholes Japan is not the first nation to revise its laws in the aftermath of Moscow’s invasion of Ukraine. The Russian Federation is reportedly leveraging digital assets as escape routes to ameliorate the effect of Western sanctions. Due to this, nations like Japan world have begun reviewing crypto regulation…

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,028 trillion. Bitcoin is up by roughly 8% after a promising week. Ethereum increased by almost 11% for the second week in a row. XRP gained almost 4% in value in the past week. Almost all altcoins are trading in the green and still enjoying a favorable period. The DeFi sector added roughly $9…

Freedom is a word synonymous with crypto. There is freedom from traditional finance systems, freedom from government control, and of course, financial freedom. So it made sense that when Canadian Freedom Convoy protesters needed an alternative platform to receive donations, they chose crypto. At least, it aligned with what the protesters stood for literally and figuratively. However, despite what should have been a smart move, the government exerted its influence on protestors’ holdings, raising questions on how free crypto really…

Members of the European Parliament are preparing for a historical vote the coming week. This event could mean the end of anonymous crypto transactions. EU Could Enforce Several Restrictions According to new reports, EU legislators could block transfers to flagged jurisdictions and enforce ID  check on all crypto transactions. Urged on by Russia’s increased focus on crypto to evade financial restrictions, lawmakers worldwide are reviewing regulations with renewed intensity. The European Union has not fallen behind in this global movement.…