Page-3 of Cryptocurrency
IMF Report on Crypto Ecosystem
The International Monetary Funds (IMF) has released its report called “Global Financial Stability Report”, highlighting how digital currency assets brings in financial stability challenges. Key findings of report In its report, IMF notes that rapid growing crypto ecosystem presents new ..
Month: Current Affairs - October, 2021
Cuba to recognise and regulate cryptocurrencies
On August 26, 2021 Government of Cuba announced to recognize and regulate cryptocurrencies for payment in the Island nation. Highlights This decision was taken following the popularity of cryptocurrencies increased among a technologically savvy group in Cuba as it became ..
Month: Current Affairs - August, 2021
What is a Bitcoin Hardware Wallet?
Square’s hardware head, Jesse Dorogusker, announced recently that company is going to start building a hardware wallet and accompanying service for cryptocurrency, Bitcoin. This decision was taken in a bid to bring crypto coin into mainstream. What is Hardware Wallet? ..
Month: Current Affairs - July, 2021
UK bans World’s Largest Crypto Exchange
Britain’s financial regulator, Financial Conduct Authority (FCA), has banned world’s largest cryptocurrency exchanges, Binance. Key Points Binance cannot conduct any regulated activity as it will come under growing scrutiny globally. What is the issue? Binance Markets was acquired by Binance ..
Month: Current Affairs - June, 2021
El Salvador: First country to formally adopt bitcoin as legal tender
El Salvador has become the first country to formally adopt bitcoin as legal tender. Proposal to legalise cryptocurrency was put forward by President Nayib Bukele which was later approved by Congress. Highlights Even though there were concern regarding potential impact of legalising ..
Month: Current Affairs - June, 2021
What is NFT Marketplace?
The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market place for NFT. NFT is Non-Fungible Tokens. The launch will now allow Indian creators to place their digital assets (such as images or videos, music, etc) ..