Digital Money Times

#1 Source For Bitcoin And Altcoin News

You are here: Home / Archives for Plans

Huobi Exchange Plans To Expand In Hong Kong

By Leave a Comment

One of the largest cryptocurrency trading exchanges, Huobi, is now considering expanding its services to China. Huobi Chief Justin Sun believes this will be a massive turnaround for the firm in the hopes that China will contribute positively to its growth.

Before now, the China government placed some restrictions on cryptocurrencies. The idea was to keep its citizen safe from possible scams and risks in the crypto space. It also warned the citizens to avoid transactions with crypto, stating that they are illegal. But it appears that the narratives are about to change in Hong Kong.  Read more...

This is a preview of Huobi Exchange Plans To Expand In Hong Kong. Click Here To Read the full post

Japan Plans On Easing Crypto Token Listings Despite FTX Crash

By Leave a Comment

Japanese regulators have started to review and ease crypto regulations in the country. The cryptocurrency industry has been grappling in recent times and is trying to recover from FTX’s collapse, which has shaken the broader market severely.

Despite such tumultuous times, Japan has remained optimistic about crypto and has been easing the tough regulations. Japan has planned to make it easier for exchanges to list tokens in order to encourage further liberalization of the industry.

Additionally, the Financial Services Agency (FSA), which is the integrated financial regulator of Japan, has decided to put an end to the ban on the domestic distribution of foreign-issued stablecoins in the upcoming year.  Read more...

This is a preview of Japan Plans On Easing Crypto Token Listings Despite FTX Crash. Click Here To Read the full post

USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market

By Leave a Comment

The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want.

Many crypto firms faced issues this 2022 due to the market crash. Some downsized, while others filed for bankruptcy. Generally, the entire market felt the impact of the crypto winter, and investors lost billions of capital too.

As a result, those that survived the crash are taking measures to avoid such situations in the future. Also, most firms are aiming better to protect their customers’ funds in times of crisis. On this note, Circle has taken a bold step to prepare itself for such situations.  Read more...

This is a preview of USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market. Click Here To Read the full post

U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans

By Leave a Comment

The bill amends ERISA of 1974 to include digital assets under “covered investments,” thereby shielding investment managers from liability.

  • Republican lawmakers drafted a bill enabling investment managers to offer bitcoin in 401(k) plans.
  • The bill seeks to remove liability for a breach of fiduciary duty for offering access to bitcoin and cryptocurrencies.
  • The bill is likely to be presented following the midterm elections in November 2022.

Three republican members of Congress presented a bill, named the Retirement Savings Modernization Act, designed to enable investment managers to offer bitcoin and cryptocurrencies in their 401(k) plans, per a Congressional filing.  Read more...

This is a preview of U.S. Lawmakers Draft Bill To Allow Bitcoin, Crypto In 401(k) Plans. Click Here To Read the full post

Russia Plans To Roll-Out Its First Ever CBDC Soon

By Leave a Comment

As more expansions and innovations in cryptocurrency emerge, many nations are utilizing its unlimited possibilities hence, the development and exploration of central bank digital currency (CBDC) are increasing in several countries.

Many problems are associated with traditional banking in the global system today. These issues have spiked the need and demand for an alternative in payments and settlement of bills. The crypto industry is becoming the best option now through diverse assets.

The latest development is that Russia is planning to launch its CBDC. Anatoly Aksakov disclosed their objectives for CBDC during an interview with a Russian parliamentary newspaper. Aksakov is the head of the finance committee in the country’s lower house of parliament.  Read more...

This is a preview of Russia Plans To Roll-Out Its First Ever CBDC Soon. Click Here To Read the full post

Singapore Amps Investigation Of Crypto Firms, Plans On Introducing New Regulations

By Leave a Comment

The Monetary Authority of Singapore (MAS) has instructed certain crypto firms to submit data concerning their business activities.

The Central Bank is supposedly going to make certain amendments to the present crypto regulation policies after the collapse of crypto-hedge fund Three Arrows Capital, Terraform Labs and even Vauld.

This change in cryptocurrency regulation will primarily help address the current liquidity crisis and also withdrawal issues.

The Monetary Authority of Singapore which is Singapore’s central bank has now sent a detailed questionnaire to some of the applicants and holders of the MAS’ Digital Payment Token Licenses as per reports.  Read more...

This is a preview of Singapore Amps Investigation Of Crypto Firms, Plans On Introducing New Regulations. Click Here To Read the full post

English Soccer’s FA Has Launched Plans For New NFT Platform

By Leave a Comment

The English soccer organization FA has today announced plans for building a new non-fungible token (NFT) platform.

English FA To Launch NFTs Based On English Men’s And Women’s National Soccer Teams

As announced on their website, England’s FA has posted a Request for Proposal (RFP) to find a partner for a long-term non-fungible token platform.

The English FA (which stands for “Football Association”) is the main governing body of both amateur and professional soccer in England. It also happens to be the oldest such organization in the world.  Read more...

This is a preview of English Soccer’s FA Has Launched Plans For New NFT Platform. Click Here To Read the full post

Dubai Crown Prince Plans To Provide ‘Virtual Jobs’ To 40,000 People

By Leave a Comment

Dubai is ramping things up in the virtual stratosphere with the promise of jobs to its constituents.

In a recent strategy unveiled by Dubai’s crown prince, Sheikh Hamdan bin Mohammed, it was said that the bustling metropolis aims to create 40,000 virtual jobs and increase the number of blockchain enterprises in the region by 500 percent by 2027.

Dubai’s authorities are attempting to lead the most populous city in the United Arab Emirates into a new era as the bitcoin industry and the metaverse spread globally at an incredible rate.

In a statement, the UAE’s official news agency WAM, wrote:  Read more...

This is a preview of Dubai Crown Prince Plans To Provide ‘Virtual Jobs’ To 40,000 People. Click Here To Read the full post

Palestine Plans Digital Currency to End Israel Shekel Dependency

By Leave a Comment

Months after Palestine’s current government was sworn in, the prime minister has revealed plans to develop a cryptocurrency meant to reduce dependence on Israel. According to the Anadolu Agency, Palestinian Prime Minister Mohammad Shtayyeh stated that the digital currency will assist the territory to overcome the challenges currently being experienced as a result of the […]

The post Palestine Plans Digital Currency to End Israel Shekel Dependency appeared first on CCN Markets

CCN Markets

Permanent link to this post (75 words, estimated 18 secs reading time)

Binance Plans to Burn Its Team’s Entire Supply of Binance Coin (BNB)

By Leave a Comment

Binance, the world’s largest crypto exchange, continues to prioritize the price growth of its exchange token, Binance Coin (BNB). 8th #Binance Coin Burn: From the Team $ BNB Allocationhttps://t.co/gJrEj4axyc pic.twitter.com/9YfsF5HQP2 — Binance (@binance) July 12, 2019 According to a recent blog post, Binance plans to relinquish the BNB tokens allocated to its core team, which currently […]
SludgeFeed

Permanent link to this post (59 words, estimated 14 secs reading time)

City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token

By Leave a Comment

City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token

On July 1, Joshua Green, CEO of the Bitcoin Cash (BCH) implementation Bitcoin Verde, told the BCH community that the local government from Dublin, Ohio plans to mint a token using the Simple Ledger Protocol (SLP). The unnamed SLP token will be used for city events, redeemed for city-branded swag, discounts, and can be given to volunteers who help Dublin prosper.

Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque  Read more...

This is a preview of City of Dublin Ohio Plans to Launch Bitcoin Cash-Based SLP Token. Click Here To Read the full post

IRS Plans to Issue Guidance on Virtual Currency Taxation

By Leave a Comment

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines.

Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH  Read more...

This is a preview of IRS Plans to Issue Guidance on Virtual Currency Taxation. Click Here To Read the full post

Following Hack, Binance Plans System Upgrade

By Leave a Comment

Binance News Bit

Popular cryptocurrency exchange Binance will be conducting a system upgrade on May 15, 2019, in the wake of a $ 40 million hack.

Per an announcement that was published on the exchange’s blog, the scheduled system update will affect all transactions on the platform for about 6 to 8 hours. However, it also noted that the time needed for this upgrade to complete might vary.  Read more...

This is a preview of Following Hack, Binance Plans System Upgrade. Click Here To Read the full post

Poloniex Plans to Add Staking for Cosmos (ATOM) This Summer

By Leave a Comment

Circle’s cryptocurrency exchange subsidiary, Poloniex, announced on Wednesday that it is planning to support staking for Cosmos (ATOM). Cosmos leverages a delegated proof of stake (DPoS) consensus system, which currently yields around 13% annually for stakers. Poloniex announces staking rewards for @cosmos $ ATOM. Coming soon – eligible exchange customers to automatically earn staking rewards. Learn […]
SludgeFeed

Permanent link to this post (59 words, estimated 14 secs reading time)

WeChat Plans to Stop Merchants From Transacting in Cryptocurrencies

By Leave a Comment

WeChat

WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions. The revised agreement will be put into effect on May 31, 2019.  Read more...

This is a preview of WeChat Plans to Stop Merchants From Transacting in Cryptocurrencies. Click Here To Read the full post

Bitfinex Plans to Raise $1 Billion With an Exchange Token Offering

By Leave a Comment

iFinex, the owner of Hong Kong-based cryptocurrency exchange Bitfinex, is reportedly planning to raise $ 1 billion worth of Tether (USDT) through an initial exchange offering (IEO) for a new exchange token called LEO. According to a recent report by The Block, which cites Bitfinex shareholder Zhao Dong, Bitfinex has already had over $ 600 million in […]
SludgeFeed

Permanent link to this post (60 words, estimated 14 secs reading time)

Crypto News

Featured

Press Releases

ADVERTISEMENT

Loading data ...
Comparison
View chart compare
View table compare