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IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum
28.6.2023
The International Monetary Fund’s (IMF) executive director for Russia says a growing number of countries are switching to trade in Chinese yuan, not only with China but also with third countries. He stressed that it is wrong for the U.S. dollar to be widely used globally given that the U.S....
Bitcoin price surge will come from retail, not institutions: Fireblocks CEO
28.6.2023
Michael Shaulov believes that while recent Bitcoin ETF filings could see new institutional money flow to Bitcoin, that in itself didn't drive previous price surges
IMF Boss: Supporting Egyptian Currency Akin to ‘Putting Water in a Bucket That Has Holes’
27.6.2023
Kristalina Georgieva, the International Monetary Fund (IMF)’s managing director, has said Egypt needs to plug leakages of foreign reserves if it wishes to successfully support its currency. According to the IMF leader, Egyptian authorities must also do more to support the vulnerable and...
Yes, the Secret Service has an NFT collection, and no, it's not for sale
27.6.2023
Agents from the U.S. Secret Service San Francisco Field Office have answered a burning question about its NFT collection. What does it do?
Barbie-Themed Xbox And Controllers Are Too Good To Not Sell
26.6.2023
Calling all Barbie girls living in their Barbie worlds. I’ve got new plastic; it’s fantastic. It can also control your Xbox and help you look cool while gaming. Plus, Microsoft announced a new, specially made Barbie-themed Xbox that sadly—along with the controllers—can’t be bought, but can be...
Hong Kong's HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That's Not Really News
26.6.2023
HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were listed on the Hong Kong Stock Exchange in December
The best blockchain “does not exist” — Cardano Foundation exec
26.6.2023
Mel McCann, vice president of engineering at the Cardano Foundation, argued that there are different use cases for various blockchains
South Korean Court Rules That Bitcoin ‘Is Not Money’ – And Crypto’s Not Subject to Interest Rate Rules
26.6.2023
A South Korean court has ruled that “Bitcoin (BTC) is not money,” and that “interest rate rules don’t apply” to business deals involving cryptoassets.
Per Hanguk Kyungjae, the ruling was made by the Seoul High Court’s Civil Division in a case involving two firms, both of which were unnamed...
Robert Kiyosaki Shares Simple Way to Tell if Economy Is in Recession
25.6.2023
Rich Dad Poor Dad author Robert Kiyosaki has shared a very simple way of telling whether an economy is in a recession. “There is a lot of hot air about ‘Are we in a recession or not.’ The answer is simple,” the famous author claimed. Robert Kiyosaki on How to Tell if We’re in...
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...
Winklevoss Twins Rail Against US SEC’s Anti-Crypto Stance: ‘It Does Not Feel Like America, It Feels Like Venezuela’
24.6.2023
The Winklevoss twins, founders of Gemini, a U.S.-based cryptocurrency exchange, have criticized the U.S. Securities and Exchange Commission (SEC) for its perceived anti-crypto stance and recent enforcement actions. In a recent interview, the Winklevoss twins commented that the regulatory...
Economist Peter Schiff Slams Fed Chair Over Economic Concerns — Claims Powell Overlooks ‘Far More Relevant’ Factors
24.6.2023
Economist Peter Schiff has slammed Federal Reserve Chairman Jerome Powell over several key issues concerning the U.S. economy, the banking system, and the U.S. dollar. “Powell is a coward. He is not doing his job,” Schiff claimed, highlighting multiple factors affecting the economy that the...
Binance Ordered to Cease All Crypto Services in Belgium
24.6.2023
Crypto exchange Binance has been ordered by Belgium’s Financial Services and Markets Authority (FSMA) to cease providing any crypto exchange and custody wallet services in the country. The Belgian financial regulator stressed that it “takes the view that by offering such services...
Three Quarters of Jurisdictions Not Complying With Global Crypto Laundering Norms, FATF Says
23.6.2023
The global anti-money laundering watchdog FATF said North Korea is using digital assets to fund weapons of mass destruction
Crypto Ban May Not Be Best Approach to Balance Risk, Demand: IMF
23.6.2023
The IMF recommended that countries focus on addressing the drivers of crypto demand and unmet digital payment needs in a post
IMF Economists Say Countries Should Address Crypto Demand Drivers Instead of Banning
23.6.2023
The International Monetary Fund’s (IMF) economists have cautioned that banning cryptocurrency “may not be effective in the long run.” Instead of outlawing crypto, they suggest countries should address “the drivers of crypto demand, including citizens’ unmet digital payment needs.”...
Shiba Wings customers love the food, not so much the crypto, says owner
23.6.2023
The SHIB-themed diner serves hot wings, burgers and cocktails, but despite the branding, still trades mostly in fiat
First Mover Asia: Bitcoin Surge May 'Not Be the Beginning of the End of the Bear Market,' Analyst Says
23.6.2023
ALSO: CoinDesk Senior Research Analyst George Kaloudis offers a straightforward explanation of why BlackRock and other financial services giants want to offer a spot bitcoin ETF
Banning crypto ‘may not be effective in the long run’ — IMF
22.6.2023
After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean
Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist
22.6.2023
Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now abandoned, on the U.S. dollar’s status as a global...