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crypto

Knowledge Innovations > crypto

IMF head says stablecoins not backed by assets are a ‘pyramid,’ hinting at UST debacle that crashed markets

  • May 24, 2022
  • Kwami Ahiabenu
  • Digital Currency
Stablecoins that are not backed by assets to support them are a pyramid scheme, the head of the International Monetary Fund said Monday, hinting at the collapse of terraUSD...
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IMF’s Georgieva Urges Against Abandoning All Crypto After Terra’s Crash

  • May 24, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
(Bloomberg) — People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International Monetary Fund said Monday. TerraUSD, or UST, imploded...
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Crystalina Giorgieva IMF Chief

IMF Clarifies her stand on cryptocurrency

  • May 24, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
IMF Chief Crystalina Giorgieva clarified her stance on crypto while speaking at the world economic forum annual meeting she said that cryptocurrency is not necessarily money just because it...
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US Congress introduces record number of crypto related bills

  • May 22, 2022
  • Kwami Ahiabenu
  • Digital Currency
The U.S. Congress has introduced over 80 new bills for consideration related to the crypto industry, so far, of which several have passed into law.Former U.S. Regulator with the...
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EU and Crypto bitcoin

Unpacking European Union(EU) new crypto rules may curb its growth

  • May 18, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
Uniform legal framework for crypto-assets in the EU Consumer protection and safeguards against market manipulation and financial crime Include crypto-assets mining in EU taxonomy for sustainable activities by 2025...
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Janet Yellen Reacts To Terra (LUNA) And UST Stablecoin Market Crash

  • May 14, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
U.S. Treasury Secretary Janet Yellen reiterated her stance on stablecoin regulations and said it’s “highly appropriate” to have a framework ready by the end of this year, as TerraUSD...
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Terra Luna

What Happened to LUNA and Why the Price Can Continue Crashing

  • May 14, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
Terra Protocol and its ecosystem have been at the forefront of the cryptocurrency market for a few days now, and not without a reason. UST – the protocol’s algorithmic...
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GYEN

Customers sue Coinbase for trading the GYEN token that crashed

  • May 14, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
Coinbase customers have sued the exchange over the promotion and trading of GYEN, a stablecoin that crashed. A report unveiled this news earlier today, noting that the lawsuit targets...
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crypto taxation

Yes, Your Crypto Is Taxable : How to Report Cryptocurrency to the USA IRS

  • May 12, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
If you invested in crypto last year, you may be in for a rude awakening this tax season. Yes, your Bitcoin, Ethereum, and other cryptocurrencies are taxable. The IRS...
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Product Spotlight : Ripple Crypto for Business

  • May 9, 2022
  • Kwami Ahiabenu
  • Cryptocurrency
Ripple mission is to Build breakthrough crypto solutions for a world without economic borders using blockchain technology thereby helping its clients to to expand into hard-to-reach markets, access alternative...
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BaaS’ drive of Innovation in the Digital Payments space May 27, 2022
The Consensus 2022 Experience May 27, 2022
HyperPay, Mastercard partner to grow digital payment rails across MENA May 25, 2022

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