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Can the unbanked benefit from bitcoin, or are they merely the experimental subjects of bitcoin adherents, lobbyists and scientists? This week’s Bitcoin Tracker takes a look at the recent bitcoin projects that are in the news and that are targeting the unbanked. Vogel also wanted to clarify regulations surrounding bitcoin.
In a move to offer accredited investors the ability to capitalise on Bitcoin’s long-term growth while ensuring capital preservation, the National Bank of Bahrain (NBB) has launched a new Bitcoin-linked investment product, developed in partnership with digital asset financial services firm ARP Digital.
In addition, the regulator disputed Kik’s contentions that half of its sale was just for accredited investors. It notes that it had a presale for accredited investors to bring in money for creating the ecosystem for kin as well as a second public sale to move tokens to users. securities rules.
Cryptocurrencies Market Resurgence The resurgence in cryptocurrency prices and the anticipated halving of Bitcoin in mid-2024 has reignited interest in the potential of distributed ledger technology to reshape the financial landscape. Nonetheless, it is important to recognise that cryptocurrencies still have much to prove in the coming year.
In the heart of Southeast Asia, a small island nation is making giant strides in digitalcurrencies. percent of its population owning digital assets, the city-state isn’t just participating in the crypto revolution—it’s leading it. The city’s success in crypto adoption serves as a model for other Asian nations.
Despite previous reports, the Royal Bank of Canada ( RBC ) is not planning on launching its own digitalcurrency trading platform. In other news, Grayscale Bitcoin Trust ( GBTC ) announced that it has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC).
Russia’s love-hate relationship with digitalcurrency continues. One minute officials are threatening to punish bitcoin operatives and traders, the next minute they are suggesting that citizens can use bitcoin “in areas where such activities are legal.”. Something’s Afoot In Japan For Bitcoin.
A new firm is opening a marketplace for accredited investors to trade equity stakes into blockchain startups. The marketplace will join other ways to put money into blockchain startups, including investing in tokens issued by the companies or in various indexes and funds tracking the digitalcurrencies.
And, although Google searches for “bitcoin” and “blockchain” have slid, companies are still flush with cash from 2017’s ICO boom, cryptocurrency price run-up, and venture capital investment — and are spending it. In some cases, pre-sales offer discounted tokens to early investors (accredited and unaccredited).
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