Michal first heard about bitcoin in 2014. He had $4,000 in his savings account. Inspired by his programmer friend, a rabid bitcoiner, he went all-in. “At the time,” he wrote on his Medium page, “I invested my $4k, the price of a bitcoin was about $600. I got 6.55 BTC. I will never forget that […]
Prominent online trading platform Robinhood has launched a Dollar-Cost Average (DCA) feature for its users to boost long-term cryptocurrency holding practices. The new product, called Crypto Recurring Investments, will help users of the trading platform schedule automatic purchases of their preferred crypto assets in small portions and at steady intervals. Robinhood made the announcement via […]
The Ukraine parliament, the Verkhovna Rada, has finally passed legislation dictating the rules for crypto-related activities in the country. The parliament adopted the “On Virtual Assets” law on its second and final reading. Lawmakers voted overwhelmingly for the law, with 276 out of 376 present MPs voting yes to the motion, while only six voted […]
Eightcap, an award-winning CFD broker, has announced the launch of over 250 Cryptocurrency derivatives, allowing its clients to diversify their crypto portfolio via the MT4 and MT5 platforms. This new launch positions the broker as the new home of crypto derivatives and the largest within the CFD sector. The broker recognises the current worries retail […]
According to a recent poll by the Association of Forex Dealers (AFD), a significant percentage of Russian investors have lost interest in national currencies as interest in digital assets surge. The AFD reported that only about 14% of participants in the survey opted for fiat Investment, while a whopping 76.9% of investors opted for cryptocurrencies […]
Two top state-run Chinese banks, namely China Construction Bank (CCB) and Bank of Communications (Bocom), have ramped up editors to develop new use cases for the PBoC-issued CBDC (central bank digital currency). The behemoth financial institutions now collaborate with investment fund managers and insurance companies in line with their digital yuan (e-CNY) pilot projects. According […]
The President of Belarus, Alexander Lukashenko, has charged Belarusians to mine cryptocurrency with the available electricity surplus. President Lukashenko made the statement during a recent meeting with the state-owned company JSC Belaruskali, one of the world’s leading producers of potash fertilizers. The President noted that Belarusians are unwanted abroad, except for farming jobs. In a […]
Governor of the Reserve Bank of India Shaktikanta Das recently stated in an interview with CNBC that the apex bank plans on carrying out trials for its central bank digital currency (CBDC) before the year runs out. The governor noted that the trial aims to see how the proposed e-rupee would work with the Indian […]
According to local reports, the temporary ban on cryptocurrency mining instilled in the industry earlier this year by the Iranian Ministry of Industries, Mining and Trade might get lifted soon. The announcement came from the Iran Power Generation, Distribution, and Transmission Company, Tavanir. In an interview with ISNA News, Mostafa Rajabi Mashhadi—the spokesman for the […]
