People should avoid fiat currencies like the dollar and euro and instead invest in bitcoin, according to Mexico’s third-richest billionaire. He referred to fiat money as false money made of paper and lies,and said that central banks are producing more money than ever before. Ricardo Salinas Pliego, Mexico’s third-richest billionaire, offered some advice in a … Read more
Pantera Capital participated in a $15 million Series A fundraising round for Arcade, a platform that allows users to use nonfungible tokens (NFTs) as lending collateral. The platform’s collateralization of NFTs, according to Lauren Stephanian of Pantera Capital, could entice institutional investors to participate. Pantera, Golden Tree Asset Management, Franklin Templeton Blockchain Fund, Protofund, Castle … Read more
As part of the Dubai government’s efforts to develop new economic sectors, the Dubai World Trade Centre (DWTC) will become a crypto zone and regulator for virtual assets and crypto, which will include digital assets, goods, operators, and exchanges. Another government-backed project in Dubai attempts to create a favorable climate for the cryptocurrency business. With … Read more
Trading platform Robinhood is creating a cryptocurrency gifting platform that will allow customers to send bitcoin, dogecoin, ether, bitcoin cash, and litecoin to friends and family. Gifts are commission-free, just like crypto trading, and users can send as little as $1 in cryptocurrency. Robinhood Crypto’s Cryptocurrency Gifts Program is set to debut on Thursday, according … Read more
Some analysts are predicting “choppy” markets as the remainder of 2021 as the price of Bitcoin is pegged down to $48,000. The future prediction of the Global economy and inflation concerns are intimidating Bitcoin and Altcoin prices and as we can see that Greed Index and Cryptocurrency are in the ‘Fear’ zone where it has … Read more
AscendEX’s hot wallet was hacked, and several millions of dollars in Ethereum (ETH), Binance Smart Chain (BSC), and Polygon-based (POLY) assets were looted. AscendEX, a worldwide virtual assets trading platform, has just reported a $77.7 million loss as a result of the latest hot wallet vulnerability, which allowed hackers to acquire direct exposure and then … Read more
Officials from the Bank of Thailand claim that utilizing cryptocurrencies as a form of payment is legal. Users, on the other hand, must be able to take the risks, which include price fluctuations. In Thailand, using cryptocurrencies to pay for goods and services is not prohibited. The Bank of Thailand’s Monetary Policy Department’s senior director, Sakkapop … Read more
Chairwoman of Federal Deposit Insurance Corporation (FDIC), Jelena McWilliams on Monday in an interview told Reuters that the clients of U.S. officials can hold cryptocurrency and are looking for better and easier ways to bank. If we don’t bring this activity inside the banks, it is going to develop outside of the banks. … The … Read more
Three Arrows Capital, a cryptocurrency hedge fund created by Su Zhu and Kyle Davies in 2012, got $400 million in ether over the weekend, according to reports. Only a few weeks ago, CEO Zhu Su was slamming ETH on Twitter for its high gas costs and lack of accessibility. His company is now purchasing the … Read more
The Financial Services Agency (FSA), Japan’s primary financial regulator, is considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, will be subject to the financial regulator’s scrutiny. The Financial Services Agency of Japan (FSA) intends to tighten stablecoin regulation by putting … Read more
