The mortgage reference interest rate in Switzerland has recently increased from 1.25% to 1.5%. This could potentially result in higher rental prices for tenants. Landlords now have the right to increase rents for existing rental agreements that were based on the previous reference rate. It is expected that a majority of landlords will take advantage […]
A bill has been passed in the city of Porto Alegre, Brazil, recognizing May 22 as Bitcoin Pizza Day. The mayor of the city, Sebastiao Melo, approved the law at the end of August. The bill was drafted by councilors Jesse Sangalli and Alexandre Bobadra, who were inspired by lectures they attended at the Bitcoin […]
China’s government is reportedly holding a significant amount of Bitcoin (BTC) in its national treasury. According to Ki Young Ju, the CEO of CryptoQuant, China seized 194,000 BTC from the PlusToken scam in 2019, making it one of the largest BTC whales. This move is surprising considering China’s anti-crypto stance. However, Ki suggests that owning […]
Michael J. Saylor, co-founder of Microstrategy, has expressed his belief that Bitcoin could be the solution to Lebanon’s financial crisis. The country’s currency has lost a staggering 96% of its value against the US Dollar, leading to anarchy and hyperinflation. Saylor claims that commercial banks have failed Lebanon, and digital assets like Bitcoin offer a […]
Sam Bankman-Fried, the founder of FTX, has been found guilty of fraud and conspiracy to commit fraud. The jury reached their verdict quickly after a short deliberation period. Throughout the trial, questions arose about how this situation could have been prevented and what can be done to avoid similar incidents in the future. Some argue […]
Ripple has achieved a significant milestone in the XRP ecosystem with the official approval of its cryptocurrency for use within Dubai’s financial ecosystem. The Dubai Financial Services Authority (DFSA) has given the green light for licensed organizations in the Dubai International Financial Centre (DIFC) to utilize XRP as a virtual asset service. This approval will […]
The Federal Reserve Bank of Chicago has issued a cease and desist letter to Bitcoin Magazine, accusing the magazine of trademark infringement. The letter claims that Bitcoin Magazine used the term “FEDNOW” on its merchandise without the Federal Reserve’s consent. The Federal Reserve argues that this could cause confusion among consumers and make them believe […]
Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has been convicted on seven charges in New York. The jury found him guilty of embezzling $8 billion in customer funds, which he used for speculative purposes and to fund an extravagant lifestyle. The verdict, delivered by the jury, has exposed Bankman-Fried’s true intentions and shattered the […]
Former FTX CEO Sam Bankman-Fried has been found guilty of all seven charges in his criminal trial by a jury in New York. The charges include wire fraud, wire fraud conspiracy, securities fraud, commodities fraud conspiracy, and money laundering conspiracy. Bankman-Fried’s crimes carry a maximum sentence of 110 years in prison. Other key FTX executives […]
Ripple’s XRP token has gained approval from the Dubai Financial Services Authority (DFSA) under its virtual assets regime. This means that licensed virtual asset firms within the Dubai International Financial Centre (DIFC) area can now make use of XRP. Ripple, which has chosen the DIFC as its Middle East and North Africa (MENA) headquarters, expressed […]
