Co-founder of Poolin, one of the biggest mining hubs in the world, Li Tianzhao has stated that with the upcoming Ethereum improvement proposal, miner income has fallen slightly, but this development could move Ethereum to between $ 5,000 and $ 6,000.
Chinese Central Bank Calls Bitcoin an Investment Alternative
The People’s Bank of China Deputy Governor, Li Bo has stated that Bitcoin and other cryptocurrencies should be considered as investment alternatives. Bo also added that they are studying regulatory policies towards these assets and the cryptocurrencies will play a big role in the future.
South Korea Will Launch New Regulations on Cryptocurrencies
South Korea’s Office for Government Policy Coordination has stated that new regulations will be launched to eliminate the speculations and the illegal cryptocurrency transactions.
TIME Magazine Will Accept Payment in BTC
Upon its partnership with a cryptocurrency platform, TIME magazine will start to accept subscription fees in Bitcoin. Although the crypto payments is only available in the USA and Canada for now, it is planned to be widened to the other parts of the world.
CBDC Step from UK
Bank of England has started a team to create and coordinate a central bank currency in the UK. The team will study the working principles of CBDC and any potential risk regarding it. Together with China and Japan, the United Kingdom is one of a few countries conducting a study on CBDC.
Share Sells from the Coinbase Executives
According to the data compiled by The Block from the applications made to the Securities and Exchange Commission, the firm's largest shareholders sold a small portion of their shares between April 14 and 15.
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