Category Archives: General Crypto News

WHY THE EU’S TRANSFER OF FUNDS REGULATION (TFR) IS A THREAT TO FINANCIAL FREEDOM?

Things to know: – The Transfer of Funds Regulation (TFR) aims to prevent payment systems from being used to launder money or finance terrorism, a commendable goal we fully support.  – First applied to traditional payment systems in 2015, the TFR is being expanded to also cover transfers of crypto assets. This is the EU implementation of[Read more…]

Ethereum Co-Founder Vitalik Buterin Makes An Elaborate Post on “Crypto Cities”

Buterin explored the concept in detail, along with providing updates on any ongoing developments in the space. “Blockchainifying” the City Ethereum’s co-founder Vitalik Buterin elaborated on the idea of Crypto Cities and the many developments that are currently ongoing in hand with the concept. Could this concept of crypto city-state kill the idea of the nation-state? Buterin[Read more…]

Australian Securities Regulator Issues Crypto ETF Guidelines

ASIC shows openness by issuing a guideline for crypto ETPs and acknowledging regulatory limitations. Forward-Looking Approach  The Australian Securities and Investment Commission (ASIC) issued a report following public consultation on crypto-assets as underlying assets for an Exchange Traded Product (ETP). The report included a fresh set of guidelines that focuses on five identifying features. The five identifying features that the report[Read more…]

Bitcoin to Gold Ratio at The Highest Since BTC’s All-Time High in May

The amount of gold needed to buy one BTC, “digital gold,” is back on the rise again on the back of BTC’s enormous gains. Gold-BTC Ratio Balance Peaks As Bitcoin (BTC) went from trading under the $48,000 on Oct. 4 to currently trading above the $54,000 mark, the Bitcoin to Gold ratio back around 30,[Read more…]

Gas Fees on Ethereum Increase Nearly Threefold in 2 Days

The most utilized blockchain network is facing problems from a familiar foe in the form of gas fees. Gas Fees Spike Again The average price of transactions on the Ethereum Network have risen by nearly three times as ETH took a price jump. Transaction prices have moved from an initial $2.37 per transaction on Oct.[Read more…]