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Pakistan Central Bank Governor on Cryptocurrency: ‘The Potential Risks Far Outweigh the Benefits’
18.2.2022
The Pakistani central bank governor, Reza Baqir, recently revealed that his organization has determined the risks posed by cryptocurrencies “far outweigh the benefits.” The governor, however, suggested that if solutions that address these potential risks emerge, the central bank...
Investors underestimate Bitcoin's "huge upside potential", Fidelity researcher says
12.2.2022
Head of Research at Fidelity Digital Asset is convinced Bitcoin's value proposition as a decentralized and censorship-resistant monetary network sets it apart from other cryptocurrencies
YouTube sees ‘incredible potential’ in NFT video sales despite backlash threat
11.2.2022
“There’s a lot to consider in making sure we approach these new technologies responsibly, but we think there’s incredible potential as well,” said YouTube Chief Product Officer Neal Mohan
Fitch Ratings Downgrades El Salvador Deeper Into Junk Status Citing Bitcoin Risks
10.2.2022
One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about...
Central Bank of Kenya seeks public input on potential CBDC
10.2.2022
“A key opportunity where CBK sees potential value is the use of CBDC in facilitating cross-border transactions," the announcement reads
Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency
10.2.2022
Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while...
US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities
8.2.2022
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’...
US Treasury targets NFTs for potential high-value art money laundering
6.2.2022
The Department of the Treasury suggested that the increasing use of art as an investment or financial asset could make the high-value art trades vulnerable to money laundering
Reports Bored Ape creator in talks with A16z: Potential valuation $5B
4.2.2022
Garnering interest from one of Silicon Valley's top VC’s, Bored Ape Yacht Club creator Yuga Labs, may be eyeing a $5 billion valuation
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
3.2.2022
Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge has been exploited by an attacker for 93,750 ether or more than $250 million using today’s ethereum exchange rates. The developers behind the Wormhole Network have told the public the network...
Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Cook Says ‘It’s Very Interesting to Us’
31.1.2022
Apple CEO Tim Cook says the metaverse has a lot of potential and his company is investing accordingly. “It’s very interesting to us,” he noted. Global investments banks Morgan Stanley and Goldman Sachs have predicted that the metaverse could be an $8 trillion opportunity. Apple...
Ark Invest Expects Bitcoin to Exceed $1 Million by 2030 — Says BTC Could Transform Monetary History
31.1.2022
Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed...
IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits
30.1.2022
The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start...
Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests
30.1.2022
A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring...
Robinhood to Launch Crypto Trading Internationally — Sees ‘Immense Potential’ in Crypto Economy
30.1.2022
Robinhood has “set aggressive goals to start opening its crypto platform up to customers internationally in 2022,” the popular trading platform revealed during its Q4 earnings call. “The company believes in the immense potential of the crypto economy and sees a big opportunity...
U.S. Congressman wants to scrub bill provision that crypto advocates say is a potential disaster
28.1.2022
Representative Ted Budd stated that the provision would let the Treasury unilaterally prohibit certain financial transactions without public input
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
27.1.2022
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers...
Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment
26.1.2022
Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was issued by the Bank of Thailand, the Thai Securities and Exchange...
Lucrosus Capital Launched $LUCA – Decentralized Venture Capital (DeVC)
18.1.2022
PRESS RELEASE. The cryptocurrency market in the last months has witnessed the enormous success of promising valuable blockchain projects. Nevertheless, even investors from traditional markets are starting to detect the real potential of cryptocurrencies. They pour vast amounts of funds into...
Bitcoin stays in tight range as analyst eyes potential 'interesting week' in BTC
17.1.2022
It may be all quiet on Monday in the absence of Wall Street, but Bitcoin markets might not stay that way for long