Crypto Payment Infrastructure Firm Opennode to Test Bitcoin Payments in Bahrain

Opennode, a bitcoin payment infrastructure company has stated that it plans to test a bitcoin payment processing solution and pay outs solution through the Central Bank of Bahrain’s regulatory sandbox. Opennode, a bitcoin payment infrastructure company, stated that it will provide the infrastructure necessary to help Bahrain grow its economy and show why Bitcoin is synonymous […]

US Authorities Warn of ‘Pig Butchering’ Crypto Scam Becoming Alarmingly Popular

U.S. authorities are warning about a cryptocurrency scam known as “pig butchering” that is growing in popularity at alarming rates. Lakewood Police Public Information Officer John Romero detailed: Pig butchering is basically when a farmer fattens up the pig before slaughtering it. In this instance, the suspect was fattening their victim. According to the police officer, […]

Reserve Bank of India Is Working on ‘Phased Implementation’ of Central Bank Digital Currency

Independently, a minister of state from the Ministry of Finance and a Reserve Bank of India official have provided updates on the progress of the central bank in issuing a central banking digital currency (CBDC). Local media quoted Ajay Kumar Choudhary, RBI Executive Director, as saying during the keynote speech at Wednesday’s PICUP Fintech Conference […]

SEC Chair Gensler Affirms Bitcoin Is a Commodity – ‘That’s the Only One I’m Going to Say’

In an interview on Monday with Jim Cramer, the Chairman of SEC Gary Gensler clarified what he thinks about cryptocurrency, especially bitcoin, during a conversation on CNBC. “This is a highly speculation asset class. Gensler stated that this is something we have known for a while when asked about cryptocurrency. He cited the “ups and downs” of […]

Oman’s Oil Companies to Mine Bitcoin with Excessive Gas

Oman Investment Authority was a sovereign wealth fund that participated in the $350m Series C financing round of Crusoe Energie. Crusoe Energy is based in Denver and pioneered the use of cryptocurrency mining to cut gas flaring. Bloomberg reports. Chase Lochmiller, Crusoe Energy CEO, stated that the company would open a Muscat office to capture flared […]

El Salvador’s bitcoin bond reportedly hasn’t lured a single investor, and markets are bracing for a default on conventional debt

El Salvador’s cryptocurrency bond is not attracting investors. In fact, according to Bloomberg , there hasn’t been one buyer for the crypto-backed offering. Nayib Buke, a millennial president, is seeking $1 Billion for the cryptobacked bond. However, he has been met with skepticism by credit agencies and International Monetary Fund. Bukele’s request to legalize bitcoin has […]

Economist Predicts the Fed’s Response to Inflation Will Push Crypto Higher

Mohamed El-Erian, an economist, spoke to CNBC Monday about the U.S. economy and markets. He also discussed the Federal Reserve’s response against inflation. El-Erian is president of Queens College, Cambridge University. El-Erian is also the Chief Economic Advisor at Allianz. Allianz is the corporate parent to PIMCO, which was where he served as CEO and cochief […]