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One of the unique features of cryptocurrency is its decentralized and unregulated nature. However, many governments worldwide, including the American authorities, do not worry about this particular trait. Recently, cryptocurrency regulation has been a hot topic in different parts of the world. We count here China’s crackdown on Bitcoin in September 2021 to El Salvador’s Bitcoin Law endorsing Bitcoin as a legal tender. Simply put, cryptocurrency is increasingly prevalent in the economies of various governments. Despite the varying levels of crypto acceptance,…

Mark Mobius, a famous fund manager and global investor, is no fan of cryptocurrencies. He recently told Squawk Box that the emerging asset class is more of a “religion” than an “investment.” Mocking Bitcoin loyalists, he said that stocks, rather than cryptocurrencies, are the ultimate solution to rising inflation. Mobius Disapproves Of Crypto The fund manager showed his distaste for cryptocurrencies in an interview with Squawk Box earlier today. While discussing the debasement of fiat money, the interviewer asked about…

The development of secure digital identity authentication is one of the driving forces behind the progress of the digital age. As a result, Facebook has decided to delve into the game with its cryptocurrency wallet, NOVI. It’s not the social media giant’s first incursion in crypto. However, its previous attempt, Libra, was more of a fiasco. So, will NOVI do any better? And how does it work? In this article, we'll answer these questions and many more. What is NOVI? NOVI…

Ted Cruz – Republican Senator and Representative of Texas – wants to impose an El Salvador-esque mandate on Capitol Hill. He has put forward a brand new legislative proposal that would require all of its vendors to accept crypto payments. Also, Cruz has proven extremely supportive of cryptocurrencies before. And, his proposal could help other politicians become more familiar with the technology. Ted Cruz’s Proposal Two days ago, the Senator submitted the ‘‘Adopting Cryptocurrency in Congress as an Exchange of…

Singapore is carefully positioning itself as an international hub for cryptocurrency adoption and industry. The country’s Monetary Authority Managing Director recently said the small state is even preparing for a “tokenized world” by 2030. While he agrees that the crypto space requires regulations, he hopes it will help the technology flourish. Crypto Is The Future MAS director Ravi Menon showed his enthusiasm for the space in an interview with Bloomberg yesterday. When asked for comment on Bitcoin’s record high prices,…

While Jerome Powell may claim that Bitcoin has effectively failed as a currency, other government officials beg to differ. The Mayor of Miami – Francis Suarez – recently suggested that he receive his next personal paycheck in Bitcoin. This is yet another of the mayor’s public displays of affection for cryptocurrencies, as he continues supporting their adoption. Suarez Requests Payment in Bitcoin Suarez showed enthusiasm for the idea over Twitter earlier today, in response to  Anthony Pompliano. The Best Business…

Cryptocurrency is hot among American consumers right now, and the Google Play Store proves it. As of today, the Crypto.com app is the most popular product in the marketplace. This comes amidst the growing popularity of cryptocurrency, surging prices, and a hot advertising campaign from the exchange. Record Downloads of Crypto Apps As displayed on Google Play’s front page, Crypto.com is currently the most downloaded free app across all categories. It has grown more popular than TikTok, CashApp, and Instagram.…

While cryptocurrencies present tremendous opportunities for multiplying one’s wealth, the space is also rife with scams. The latest came in the form of the Squid Game (SQUID) token, which abruptly lost 99.9999% of its value early this morning. Over $2 billion of buyers’ token value was effectively torched, leaving the founders with over $2 million in profit. Rise and Fall of “Squid Game” Token As displayed on CoinMarketCap, the token saw hyperbolic growth shortly after its inception last week. While…

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 $2,588 trillion. Bitcoin is up by nearly 1% after a highly volatile week. Ethereum is up by nearly 5% and set a new all-time high record this week. XRP is up by roughly 1% after a mediocre week. Almost all altcoins have registered significant gains this week, with Shiba Inu up by 50%. The…