Category: Blockchain

Cryptocurrencies are an asset class like gold and silver, American Express chairman and CEO said. “What I’ve said from the beginning is that cryptocurrencies are really an asset class like gold or like silver. Look at Bitcoin – which is a good bellwether – it’s down 50% in two months. How do you call it

The International Monetary Fund (IMF) is concerned about risks related to El Salvador’s issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible. In its statement on Tuesday, the financial institution pointed to the high price volatility of Bitcoin as a major risk, noting that bitcoin should not

Elon Musk tweeted, saying that he will eat a happy meal on television if McDonald’s accepts Dogecoin. “I will eat a happy meal on tv if @McDonalds accepts Dogecoin,” Musk, chief executive of Tesla Inc, said in a tweet. He is also a big supporter of Dogecoin said earlier this month that Tesla would accept the cryptocurrency

American venture capitalist Adam Dell, brother of Michael Dell, the founder of computer manufacturing company Dell Inc Component investment team backed the former head of product at “Goldman Sachs Marcus” crypto investment app “Domain Ventures”. Reportedly, $33 million has been raised for this project on January 25. Adam Dell leads the investment team with 25

After plummeting the lows of $33,000, Bitcoin (BTC) has gained momentum by regaining the $37,000 level. The leading cryptocurrency was up by 3.65% in the last 24 hours to reach $37,323 during intraday trading, according to CoinMarketCap. Market analyst Michael van de Poppe believes that BTC should hold the $36K level before flipping it to

To make cross-border securities transactions more secure and efficient in Asia and the Pacific region, the Asian Development Bank (ADB) is going a notch higher by deploying a blockchain-powered project to connect securities depositories and central banks.  Per the announcement: “Working with leading blockchain companies, ADB will seek to develop ways to directly connect

The Ministry of Finance in Russia demonstrates its latest stance about the hot issue of the intended blanket ban on crypto-related activities by the nation’s apex bank.    The ministry believes that these plans should be shelved because crypto regulation will fill the void by providing both transparency and protection to citizens.  Ivan Chebeskov, the

As part of its research plans, the Bank for International Settlements (BIS) will explore whether decentralized finance (DeFi) technologies can enhance financing for small and medium enterprises in Hong Kong. The BIS – an umbrella group for central banks – said in a report Wednesday that in 2022, its Innovation Hub will “launch new projects into CBDCs, DeFi and

Indonesian market watchdog, the Otoritas Jasa Keuangan (OJK) has warned all financial service outfits operating in the country to abstain from dealing or facilitating transactions bordering on digital currencies in the country. The ban on crypto by the nation’s banking firms was announced on the regulator’s verified Instagram account. Speaking in Indonesian, the OJK said

Phong Le, the Chief Financial Officer of MicroStrategy Incorporated, said the company will not relent in its bullish acquisition of Bitcoin (BTC) as its Treasury Reserve Asset (TRA). The company, primarily a business intelligence, software, and cloud services provider, adopted Bitcoin as its preferred asset to diversify its excess cash flow, making its first investment