Tag: Assets

Price of Gold Spikes Over $2,060 per Ounce While Risk Assets Continue to Capitulate – Markets and Prices Bitcoin News

[ad_1] On Tuesday, the price of gold soared to new heights as an ounce of the precious metal surpassed $2K per ounce during the early morning trading sessions (EST). Hours later, gold tapped a high of $2,064.27 per ounce as the Russia-Ukraine war and global commodities surge has fueled demand. Gold’s Value Surges Higher Amid Commodities Boom Gold is exchanging hands for prices not seen since August 2020, as the Russia-Ukraine war has caused a significant demand for barrels of oil, commodities, energy stocks, and precious metals. During the last…

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European Parliament to Cancel Vote on Crypto Assets Framework – Regulation Bitcoin News

[ad_1] The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with energy-intensive mining sparked negative reactions. The lawmaker leading the legislative effort says the matter needs clarification before MEPs can have a say, but the head of the ECB has insisted that Europe should move quickly to prevent Russia from evading sanctions. European Parliament Postpones Crypto Legislation to Address Concerns Over Possible Proof-of-Work Ban The vote on Europe’s new Markets in Crypto Assets (MiCA) proposal…

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Bank of Spain Governor Warns About Traditional Banking’s Exposure to Crypto Assets – Bitcoin News

[ad_1] The Governor of the Bank of Spain has alerted the public about the risks mixing traditional banks with crypto assets might bring to the economic system. Pablo Hernández de Cos stated that the direct or indirect exposure to these assets would increase the risks associated with the financial institutions. De Cos also stated that while this exposure is still low, it is constantly going up due to the integration of crypto services within these platforms. Governor of Bank of Spain Notes Risks Associated With Banks Integrating Crypto Services…

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Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen – Featured Bitcoin News

[ad_1] Over the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital currency addresses and take it even further, by asking centralized entities like crypto exchanges and payment processors to freeze the funds. Canadian Officials Can Flag Crypto Addresses and Threaten Exchanges, but They Can’t ‘Freeze…

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Russia to regulate digital assets as currency, McDonald’s eyes the metaverse, YouTube to adopt NFTs and XRP pumps 30%: Hodler’s Digest, Feb. 6-12

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Russian government and central bank agree to treat Bitcoin as currency The Russian government and central bank made an agreement to regulate crypto as an “analogue of currencies” instead of “digital financial assets.”  The updated regulation is part of a draft law that is…

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Oman Invites Bids From Firms Interested in Creating Regulatory Framework for Virtual Assets – Regulation Bitcoin News

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[ad_1] Authorities in the Middle Eastern state of Oman have asked specialized companies, interested in helping the country set up a regulatory framework for virtual assets, to submit their proposals. Interested companies need to submit their proposals no later than March 23, 2022. Process Divided Into Two Phases The Oman financial regulator, the Capital Markets Authority (CMA), recently invited companies interested in helping it set up a regulatory framework for virtual assets to participate in a tender process. According to a report by Unlock Media, this process of creating the…

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Listing frenzy! Coinbase adds nearly 100 crypto assets for trading in 2021

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[ad_1] As of today, Coinbase has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the number of assets it had accumulated in the eight years since its founding.  Is this rapid expansion a simple cash-grab? Are any of these lesser-known tokens and coins securities? Is this irresponsible or overly ambitious? What does this rapid expansion of assets by Coinbase mean? A money grab? I feel the answer to the first question is an emphatic “No!” Coinbase is making a lot…

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As Your Other Assets Inflate, Bitcoin Can Protect Your Savings

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[ad_1] The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. An appreciating stock market is now a matter of national security in the United States. This is a very little acknowledged reality of the current economic system, but it is the truth. As a result of the Bretton Woods Agreement that established the U.S. dollar as the world reserve currency back…

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ECB Vice President States Crypto Should Be Regulated Like Other Assets – Bitcoin News

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[ad_1] European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared his opinion about cryptocurrency regulation. ECB Vice President: Crypto Should Follow Same Laws as Other Assets Luis De Guindos, current Vice President of the ECB, stated he thinks crypto-assets should be regulated as any other asset in the market.…

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Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream – Regulation Bitcoin News

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[ad_1] The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term Interest in Crypto Assets Among Institutional Investors Fidelity Digital Assets President Tom Jessop shared his view on the future of cryptocurrency in an interview with Yahoo Finance Thursday. He also discussed his firm’s efforts to engage with regulators to bring the asset class mainstream. Fidelity is…

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