JJ Cryptocurrency

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JJ Cryptocurrency

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China is looking to adopt a crypto-free model in its NFT industry

The Asian country will model its NFT industry around the Blockchain Services Network China is setting boundaries that would define the scope of the booming NFT sector in the country. Despite having previously declared a crackdown on cryptocurrencies (primarily used in NFTs transactions), the Chinese government does not intend to be left out in the …

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Visa and ConsenSys to build bridging tech for CBDCs in latest collaboration

The payment services behemoth intends to enable user transactions via digital wallets or CBDC-enabled Visa cards International payment services company Visa has partnered with software tech firm ConsenSys to create on-ramp tech for Central Bank Digital Currencies (CBDCs). The partnership reported first by Bloomberg earlier today seeks to advance sovereign digital currency networks. Visa said …

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Dorsey spearheads new defence fund to protect Bitcoin developers from legal woes

The board of the fund would determine which cases and defendants receive assistance With the growth of the crypto scene, Bitcoin and its larger crypto community has become even more targeted by regulatory bodies and consequently suffered huge settlements in fines. A new initiative by three Bitcoin proponents is seeking to improve this situation. Former …

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Here’s why Minnesota rep Tom Emmer thinks the Federal Reserve is unfit to issue a CBDC

Tom Emmer has previously shown a preference for a decentralised digital currency as it would uphold user privacy and retain the elements of cash The US representative for Minnesota’s 6th congressional state, Tom Emmer, revealed yesterday that he intends to introduce new regulations around crypto. The proposed law from Emmer, who had hinted of it …

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IMF notes that crypto evolution is heightening financial stability worries

The monetary authority is proposing a global regulatory framework to alleviate the financial stability risks posed by crypto and its assurgent adoption In a blog post published on Tuesday, the International Monetary Fund (IMF) penned that as crypto markets are growing, there is an equivalent increase in the correlation between cryptocurrencies and the financial markets. …

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The wait is coming to an end: Fed chair promises crypto report release in ‘coming weeks’

The release of the Federal Reserve report touching on digital currency development and crypto regulations has experienced several delays Federal Reserve chair Jerome Powell told the Senate Banking Committee yesterday during his nomination hearing that the much-awaited crypto report is now within weeks of publication despite recent delays. Directing his statement to Idaho Senator Mike …

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Bitfarm reveals it bought the dip during the early January market slump

The mining firm received a $100 million loan from Galaxy Digital at the end of last year Canada-based bitcoin miner Bitfarms said in a statement released on Monday that it purchased bitcoins as markets sunk by as much as 12% in January’s first week. Explaining the company’s strategy, CEO and founder Emiliano Grodzki held that …

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Here’s why Ric Edelman believes a third of US adults will be invested in Bitcoin by next year

The financial author detailed in his latest publication that he is optimistic the US SEC will finally give the green light to a Bitcoin ETF In an interview on CNBC’s Halftime Report, the founder of Edelman Financial Engines backed his projection that a third of American adults will be bitcoin holders by the end of …

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AXS, LRC and SAND are tokens worthy of your attention on January 10 and this is why!

Axie Infinity (AXS), Loopring (LRC), and The Sandbox (SAND) are the go-to tokens to buy on January 10. Each of these tokens showcases a huge promise for growth. They are at a solid value point, making them a worthwhile purchase. Axie Infinity is one of the largest cryptocurrency-based play-to-earn games, which has showcased huge growth. …

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