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Cryptocurrency
CoinDesk Arrives on Snapchat
“CoinDesk Breaks It Down” explores the world of crypto, one 3-minute video at a time.
BlockFi Retail Account Balance Increased Fivefold in Past Year, CEO Says
Zac Prince said the average balance of a retail client has climbed from $10,000 to $50,000 in the last year.
It's Official: El Salvador's Legislature Votes to Adopt Bitcoin as Legal Tender
A supermajority of the El Salvadoran legislature voted to adopt bitcoin as legal tender early Wednesday morning.
El Salvador Legislature Indicates Favor Toward President's Bitcoin Bill
The government would also create a trust that would enable the “instantaneous convertibility of bitcoin to dollars,” the bill said.
US Luxury Penthouse Sells for Record-Breaking $22.5M in Crypto
As per confidentiality agreements, the buyer and the type of cryptocurrency used to make the purchase have not been revealed.
RBI Says Banks Can't Quote 2018 Circular to Restrict Crypto Transactions
RBI's circular comes as Indian banks warn customers against using their services for crypto trading.
Tom Brady on Crypto: ‘I Don’t Think It’s Going Anywhere’
During a keynote conversation with FTX CEO Sam Bankman-Fried at Consensus 2021, seven-time Super Bowl champion Tom Brady talked about his company Autograph, why he’s a big believer in crypto and how it fits into his mantra of staying ahead of the curve.
Brian Brooks: 'Bad Idea to Politicize the Banking System'
During a 1:1 discussion at Consensus 2021, former Acting Comptroller of the Currency Brian Brooks, now CEO of Binance.US, emphasized the idea of a bank that is "custodying fine art collections or rare wines gets access to the Fed but a bank that is custodying crypto private keys can’t" has no justification outside of political ideology.
NSC Director: Biden Administration Hasn't Determined Holistic Policy Approach to Virtual Currency
Speaking at Consensus 2021, Carole House, National Security Council Director for Cybersecurity and Secure Digital Innovation, said the executive branch hasn't taken a position of banning or making virtual currency illegal, but it has said it has the same obligations as any other financial activity, including preventing terrorist financing and money laundering.
PayPal Exec: Third-Party Wallet Transfers Coming to PayPal, Venmo Soon
Speaking at Consensus 2021, Jose Fernandez da Ponte, PayPal's VP & GM of Blockchain, Crypto and Digital Currencies, confirmed that the global payments giant will soon let users withdraw cryptocurrency to third-party wallets.