BAKKT BITCOIN FUTURES TRADING VOLUME HITS NEW RECORD


Tunisia to launch a state backed digital asset, and Bakkt trading hits a new record. Let’s start the show! Welcome back to crypto global news, please make sure you like share and subscribe to the show. Also, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. Enjoy today’s episode. Tunisia has become the first country to start moving its national currency to a blockchain platform. Russian ICO startup Universa will help issue and manage Tunisia’s Central Bank Digital Currency (CBDC). The CBDC or e-dinar will be state-owned and backed by paper money. But the blockchain will not only protect against counterfeiting but will also make issuance cheaper and more transparent. Another country is building a state-backed digital asset, is this the future for all countries in the future? Only weeks after the United States Internal Revenue Service published new guidance for crypto taxation, the United Kingdom’s tax, payments, and customs authority, Her Majesty’s Revenue, and Customs, has updated its cryptocurrency taxation policy paper for businesses and individuals. The policy paper on individuals considers the crypto activity as a personal investment subject to capital gains tax that should be paid when crypto is sold for fiat, using crypto to pay for goods or services. Will this move by the British discourage people to use cryptocurrency, or will British crypto traders find a way to hide the income from this asset class? Just a reminder, we have a brand new website – jump over to cryptognt.com and have a look, we have all the latest news from the world of blockchain and cryptocurrency. You can find a link to our site in the show notes below. And now, back to today’s episode. An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, with about $422 billion of that went to developing countries. On-Demand Liquidity platform and XRP cryptocurrency have been part of how mainstream remittance company MoneyGram operates since August 2019. MoneyGram CEO Alex Holmes recently said that 10% of his company’s business between the US and Mexico happens with help from Ripple’s On-Demand Liquidity. Is crypto the future of transacting money, especially for the underprivileged? Stablecoin operator Tether has announced it will support crypto podcaster Peter McCormack in a lawsuit against self-proclaimed Bitcoin (BTC) creator Craig Wright. General counsel for Tether and cryptocurrency exchange Bitfinex, Stuart Hoegner said that Tether also rejects Wright’s claims of being Satoshi Nakamoto. Will we ever really know who the real Satoshi Nakamoto is? Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt physically settled monthly Bitcoin trading volumes have been steadily rising since its launch. In October, its volumes have hit a new all-time high with 452 contracts traded. And now it looks like it is now slowing down at all. With this increase in trading on the Bakkt platform, are we seeing a huge influx of money into crypto from the world of corporate money and larger institutions? Many thanks for tuning into today’s episode, please make sure you like share and subscribe to the show, and don’t forget to check out our new website and cryptognt.com This is where you can find all of the latest on blockchain and cryptocurrency. You can find a link to our website in the show notes below. For crypto global news I am Edward, until next time, you take it easy.

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