National Payments Corporation of India (NPCI) has stated that it does not intend to block the cryptocurrency trade and will leave the decision to the local banks to ban cryptocurrencies. Accordingly, each bank will be able to determine its own risk level.
Ethereum Outperforms J&J and Walmart
Ethereum has broken a new record by hitting a $4,000 band. Surpassing Johnson & Johnson and Walmart by market capitalization, Ethereum rose to 15th place just behind Visa and JPMorgan Chase & Co.
Judge Reaffirms the Order SEC Must Share the Related Documents with Ripple
Ripple had requested the court for the Securities and Exchange Commission to provide them with documents related to Bitcoin and Ethereum. Judge Netburn has now reaffirmed the order that the SEC must produce the said documents and hand them over.
Locked Assets in DeFi Protocols Continue to Increase
Interest in decentralized finance continues to grow. The market value of assets locked in DeFi protocols has risen to over $ 85 billion.
Bank of England Governor Warns Against Crypto Assets
Bank of England Governor Andrew Bailey has stated that digital assets have no intrinsic value and that people who invest in them should be very careful. Bailey has also added that "crypto asset" would be a better expression than “cryptocurrency”.
Arte Surfside Begins Accepting Cryptocurrencies as Payment
Arte Surfside, the most exclusive luxury building in Miami, has announced that it will accept various cryptocurrencies including Bitcoin and Ethereum as payment for its apartments.
Fantom Will Power E-Government Infrastructure of Tajikistan
Tajikistan continues its attempt to modernize its government with blockchain technology. Smart contract platform Fantom and the Ministry of Industry of New Technologies of the Republic of Tajikistan have signed an IT solutions agreement to power e-government infrastructure of Tajikistan.
Central Bank of Russia Tests Crypto Related Services
The Central Bank of Russia has examined three platforms offering crypto related services. Although details of the test results are not given in the 2020 annual report, if the results are positive, the Russian Central Bank is expected to present a roadmap for the integration of cryptocurrencies into the legal framework.
Chainlink CEO Nazarov Comments on DeFi Ecosystem
In a statement on the future of decentralized finance (DeFi), Chainlink co-founder and CEO Sergey Nazarov has stated that the DeFi ecosystem is growing very fast and the total value of locked assets could reach $1 trillion next year.
WHO has stated that the Indian variant is of global concern as some preliminary studies have shown that it spreads more easily, and has emphasized that the global vaccine inequality is at very high levels.
VanEck Files an Ethereum ETF Application With the SEC
Having filed a Bitcoin application early in this year, which is still under investigation, VanEck now files an Ethererum ETF application with the SEC. If the SEC approves VanEck’s this application then this would be the first Ethereum ETF listed on CBOE in the USA.
Ninepoint Wants to Neutralize Bitcoin's Carbon Footprints
Ninepoint, one of Canada's Bitcoin exchange-traded fund regulators, announced its plans to offset the carbon footprints of the BTC ETF product and also signed a partnership with the carbon offset service provider. In this way, the company will try to neutralize the environmental impact of Bitcoin mining.
UBS Plans to Offer Cryptocurrency Service
Switzerland's largest corporate bank UBS plans to provide cryptocurrency services special to its wealthy customers. According to the BNN Bloomberg several crypto investment options are being considered but any offering would be a small portion of the clients’ total wealth.
Whale Alert has reported that in the last 24 hours nearly 74 million XRP has been moved by the foreign cryptocurrency exchanges.
Digital Yuan Failed to Get the Desired Reaction
It is reported that the digital yuan that China is working on, has failed to affect the participants of early phase pilot study and it was stated that this could be an obstacle to the internationalization of the yuan.
Rari Capital to Offer Tokens to Cyber Attack Victims
On Friday, decentralized finance protocol Rari Capital’s ether pool was attacked and approximately 2,600 ether of $10 million worth was stolen. Rari Capital has announced that it will offer RGT token up to $26 million in total to the victims of the exploit.
Investors Will Be Able to Store AVAX in Ledger
AVAX announced that it integrates with hardware wallets Ledger Nano S and Nano X. With this development, investors will be able to store AVAX in these hardware wallets.
Tokyo Wants To Become a Cryptocurrency Trading Hub
Japan's interest in cryptocurrencies continues to increase day by day. Tokyo Metropolitan Assembly member Nobuko Irie has stated that they want to make Tokyo a cryptocurrency trading hub and that new financial resources should be created using blockchain technology as a growth strategy.
Financial services company Opimas has stated that $ 200 million worth of Bitcoin is at risk since the institutional investors holding large amounts of Bitcoin or other cryptocurrencies use wallets designed for individual investors.
Ripple and SEC Will Hold Phone Conference on May 21
Judge Sarah Netburn has scheduled a phone conference for May 21 between Ripple and the US Securities and Exchange Commission. At the conference, the documentation of Ripple's legal advice on XRP and the dispute regarding this matter will be held.
Indonesia Prepares to Tax Digital Asset Trade
Indonesia plans to tax the trading of digital assets due to the increased interest in crypto assets in recent months and the increase in crypto asset users in the country. According to a statement made by a spokesperson from the tax office, it was stated that the proposed plan is still under review and no changes have been implemented.
Digital Shekel Statement by the Central Bank of Israel
Israeli Central Bank has announced in a statement that it was re-evaluating the idea of digital shekel in order to improve payment infrastructures in the country. Although no clear decision on digital shekel has yet been made, Israeli Central Bank stated that they think the benefits of digital shekel outweigh its risks.
Hungary Plans To Reduce Taxes On Cryptocurrency Earnings
The Hungarian government plans to reduce the 30.5% tax on earnings from Bitcoin and cryptocurrencies to 15% as part of its economic recovery program.
Crypto Coins Spread in Three African Countries
According to the Mastercard Payment Index report, the use of cryptocurrencies has become widespread in Nigeria, Kenya and South Africa during the pandemic process, and most of the respondents stated that they plan to use cryptocurrencies next year.
eBey Will Allow NFT Sale
The e-commerce company will present an NFT inventory that will allow sellers that meet eBay standards to sell their digital collections such as trading cards, pictures and videos as NFT. eBay has also stated that users should be ready for methods that will enable them to buy and sell NFTs in a wider range in the future.
New Proposals from the South Korean National Assembly Research Service
The South Korean National Assembly Research Service (NARS) has formulated a number of recommendations to regulate the crypto industry, including the creation of a new body that will take responsibility for formulating crypto policy.