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Report: Crypto Adoption Hits New Milestones — Global Crypto Owners Reached 425 Million in 2022
24.1.2023
Crypto adoption achieved new milestones in 2022, with the number of crypto owners reaching 425 million during the year, a new report by Crypto.com shows. Moreover, the report reveals that the number of bitcoin owners reached 219 million in December while the number of ether owners reached...
Crypto Will ‘Play a Major Role’ in UAE Trade Going Forward, Minister Says
24.1.2023
The United Arab Emirates (UAE) minister of state for foreign trade says that cryptocurrency “will play a major role for UAE trade going forward.” He stressed: “The most important thing is that we ensure global governance when it comes to cryptocurrencies and crypto...
Microsoft CEO Satya Nadella Praises Metaverse ‘Sense of Presence,’ Calls It ‘Game-Changing’
23.1.2023
Satya Nadella, CEO of Microsoft, has given his opinion about the metaverse and the impact that the tech might have in the future. In a conversation with Klaus Schwab, chairman of the World Economic Forum (WEF), Nadella stated that the sense of presence achieved while interacting using metaverse...
Cardano recovers from an outage on 50% relay and block-producing nodes
23.1.2023
An anomaly apparently caused around half of Cardano’s nodes to disconnect and restart over the weekend, with the root cause still under investigation
Bank of America: ‘Digital Currencies Appear Inevitable’
22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...
Morgan Stanley CEO Says Inflation Has Peaked and China Has Made a Major Pivot
22.1.2023
Morgan Stanley CEO James Gorman says two changes have happened recently that “really matter” to the economy. The executive explained that inflation has clearly peaked and China has made a “major, major pivot” economically. Morgan Stanley’s CEO on U.S. Economy...
Biggest Movers: SOL up 20%, ADA Hits Highest Point Since November
21.1.2023
Solana rose by as much as 20% Saturday, as crypto markets came alive to start the weekend. The token hit a 12-week high in today’s session, breaking out of a key price ceiling in the process. Cardano also rose to its strongest point since November, with the global cryptocurrency market...
Switzerland Less Affected by Crypto Industry Crisis, Study Finds
21.1.2023
While the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left...
Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready
21.1.2023
A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated...
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
21.1.2023
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million...
Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs
20.1.2023
Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases
Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor
20.1.2023
Crypto exchange FTX and it's affiliated subsidiaries owed Genesis Global Capital over $226 million, according to a recent filing
Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
20.1.2023
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion
Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy
20.1.2023
Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing. This comes despite the news that crypto lender Genesis has recently filed...
11th Global Blockchain Congress by Agora Group on March 6th & 7th in Dubai, the UAE
20.1.2023
Agora is hosting its 11th Edition of the Global Blockchain Congress on March 6 and 7, 2023, in Dubai, The UAE. The theme of this edition is: “Resiliency and Adaptability”. The Global Blockchain Congress leverages the experience gained through the hosting of the first 10 editions of the event...
Davos 2023: Banking Panel Reinforces the Need for Crypto Regulation
20.1.2023
A group of global banking experts hosted by the World Economic Forum (WEF) convened about the need for global crypto regulation, including stablecoins and unbacked crypto assets. The panel agreed there must be at least some kind of base regulation for these assets and bank-equivalent regulation...
Binance to Increase Presence in Poland in Compliance With Local Regulations
20.1.2023
Binance has unveiled intentions to broaden its activities in Poland, another EU member state where the global cryptocurrency exchange is registered. The coin trading platform plans to develop its Polish entity, recruit local talent and launch educational initiatives. Crypto Exchange Binance Moves...
Crypto lender Genesis files for bankruptcy
20.1.2023
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York
Genesis' Crypto Lending Businesses Files for Bankruptcy Protection
20.1.2023
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital