Auto Added by WPeMatico

11% of US insurers invest — or are interested in investing — in crypto

Of the 328 CFOs and CIOs representing around half of the global insurance industry, 6% responded their firm was either already invested or considering an investment into cryptocurrencies.

Continue Reading11% of US insurers invest — or are interested in investing — in crypto

New York digital media company the latest to add Bitcoin to balance sheet

Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its…

Continue ReadingNew York digital media company the latest to add Bitcoin to balance sheet

ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool

Later, the hedge fund manager reportedly purchased more than $22.50 million worth of ETH tokens from FTX and Deribit.

Continue ReadingETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool

Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in…

Continue ReadingRussia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments

Bank of Russia Rejects Provision of Crypto-Related Financial Services

Russia’s central bank has voiced opposition to the provision of financial services related to cryptocurrencies. The monetary authority believes such offerings would go against the interests of Russian investors as…

Continue ReadingBank of Russia Rejects Provision of Crypto-Related Financial Services

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Changes meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks…

Continue ReadingFinance Committee Approves Legislation Delaying Crypto Tax in South Korea

Directors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform

Ameer and Raees Cajee, the two directors of the South African crypto-investment platform, Africrypt, are set to participate in an inquest that seeks to seal the fate of the collapsed…

Continue ReadingDirectors of Collapsed South African Crypto Investment Firm to Testify via Virtual Platform