CoinFlash

India May Side-Step Parliament to Push Through Crypto Bill: Report

The Indian government is reportedly planning to fast-track its proposed cryptocurrency bill using the ordinance process. Similar to an executive order in the U.S., an ordinance law is put into effect by India’s president on the recommendation of the cabinet, and would be equivalent to an act of parliament, according to Wikipedia. The route is …

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Guggenheim CIO Says Bitcoin Could Eventually Climb to $600,000

Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, has revised his previous prediction for bitcoin’s long-term price potential. In an interview with CNN’s Julia Chatterley on Tuesday, Minerd said, based on Guggenheim’s fundamental research, he believes bitcoin could eventually climb as high as $600,000 per bitcoin. Minerd said the firm …

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GameStop Investing Craze ‘Proof of Concept’ for Bitcoin Success, Says Scaramucci

SkyBridge Capital’s Anthony Scaramucci said Wednesday that retail investor-led stock surges for video gaming firm GameStop suggest bitcoin will ultimately be a success. On Tuesday, a volatile trading session largely driven by a campaign by members of the Reddit forum r/WallStreetBets saw GameStop (NYSE: GME) jump 92.7%. Trading of the stock has been halted multiple …

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Secure Messaging App Signal Reportedly Toying With Crypto Payments

Private messaging app Signal is developing cryptocurrency payments and other features that reportedly have employees worried. Signal is actively developing payment features relating to a Stellar-based, privacy-focused cryptocurrency called MobileCoin, a project advised by Signal CEO Moxie Marlinspike, Platformer said Tuesday. Like the the Facebook-backed Diem (formerly Libra) project, MobileCoin has been touted internally as …

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Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

The Philippines central bank, Bangko Sentral ng Pilipinas (BSP), has released new guidelines for virtual asset service providers (VASPs) in a bid to prevent money laundering. The BSP said in a document (see below) issued Jan. 25, that under the framework, VASPs will need to apply for a license, a “certificate of authority,” in order …

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European Commission, ECB Unite to Consider Potential Pitfalls of the Digital Euro

The European Commission and the European Central Bank (ECB) are teaming up to consider potential issues that could arise from the digital euro before a decision is made to kick off the digital currency’s development this summer. The two EU institutions now plan to cooperate on “exploring the possibility of issuing a digital euro, as …

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