Bitcoin News and Finance: What You Need to Know

PRESS RELEASE. INTERNET CITY , DUBAI, Feb. 8, 2022, LBank Exchange, a global digital asset trading platform, will list FutureCoin (FUTURE) on February 9th, 2022. For all users of LBank Exchange, the FUTURE/ USDT trading pair will be officially available for trading at 16:00 (UTC+8) on February 9th, 2022. The digital currency market is growing rapidly, along with the platforms and technology surrounding it, but most of the traded coins have lost their practical utility on the market and in people’s lives. To address this problem, FutureCoin (FUTURE) is here to provide a truly efficient, more secure and much faster coin that can be used in everyday life, with solid projects that back it up. The FUTURE token will be listed on LBank Exchange at 16:00 (UTC+8) on February 9th, 2022, to further expand its global reach and help it achieve its vision. Introducing FutureCoin FutureCoin is a project for creating a more stable, promising and safer virtual coin than those already on the mar...

Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars Were Spent on Crypto Lobbying and Interest Representation in 2021 While the digital currency and blockchain industry has matured a great deal, a number of crypto advocates are concerned about regulation and politicians misunderstanding an innovative technology. This month researchers from cryptohead.io published a study that highlights crypto lobbying in 2021. In U.S. politics, the act of persuading bureaucrats into interest representation is lawful, and lobbyists are found in nearly every American industry. Cryptohead.io study written by James Page shows the California-based financial services company Robin...

A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing with ‘first mover’ advantages,” the senator informed Treasury Secretary Janet Yellen. U.S. Senator Warns About the Threat From China’s Central Bank Digital Currency U.S. Senator Pat Toomey sent a letter to Treasury Secretary Janet Yellen and Secretary of State Tony Blinken last week raising concerns about China’s central bank digital currency, the digital yuan. “I write to request your engagement on a momentous development in Beijing this week: the rollout of the world’s first major central bank digital currency (CBDC) to a foreign audience,” he told Yellen and Blinken. “While the United States is still evaluating the concept of a digital dollar, China is using the Beijing Winter Olympics as an international test for the digital yuan (eCNY), which h...

KPMG in Canada has added bitcoin and ether to its corporate treasury in what the company called a “first-of-its-kind investment.” KPMG said: “This investment reflects our belief that institutional adoption of crypto assets and blockchain technology will continue to grow and become a regular part of the asset mix.” Bitcoin and Ether on Balance Sheet of KPMG in Canada KPMG in Canada announced Monday the company’s “first-of-its-kind investment.” KPMG is one of the Big Four accounting firms. The announcement details: KPMG in Canada has completed an allocation of crypto assets to its corporate treasury, the firm’s first direct investment in crypto assets. “The allocation includes bitcoin ( BTC ) and ethereum ( ETH ), as well as carbon offsets to maintain a net-zero carbon transaction to deliver on the firm’s stated environmental, social and governance (ESG) commitments,” KPMG detailed. The accounting firm acquired bitcoin and ether on its balance sheet through Gemini Trust Company L...

Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla filed an annual report with the U.S. Securities and Exchange Commission (SEC) Friday. “We continue adapting our investment strategy to meet our liquidity and risk objectives, such as investing in U.S. government and other marketable securities, digital assets and providing product-related financing,” the company wrote, adding: The fair market value of our bitcoin holdings as of December 31, 2021, was $1.99 billion. The report explains that Tesla bought $1.5 billion worth of bitcoin in early 2021 and later accepted the cryptocurrency as a form of payment for certain products in some regions. However, the electric car company suspended accepting BTC in May l...