News

Dollar vs. Bitcoin Clash: Experts Flex Opposing Views; SBF Trial Update — Week in Review

October 15, 2023 0

Berkshire Hathaway’s Charlie Munger says most crypto is going to zero, while a Jefferies analyst says bitcoin is actually set to thrive in the case of a dollar collapse. Meanwhile, American economist Jeffrey Sachs says central bank digital currencies (CBDCs) are the real money of the near

News

UAE Government Unveils White Paper Focused on Metaverse Regulation

October 15, 2023 0

The United Arab Emirates government recently announced the unveiling of a white paper which underscores the potential of the metaverse but also the areas “where the global community must strengthen its preparedness.” Globally Accepted Standards The United Arab Emirates government recently unveiled a white paper dubbed the “Responsible Metaverse Self-Governance Framework.”

News

Ferrari Starts Accepting Crypto Payments for Luxury Sports Cars

October 15, 2023 0

Ferrari has reportedly begun accepting payment in cryptocurrency. The Italian luxury sports car manufacturer cited requests from both the market and dealers as the primary motivation for this decision. “This will help us connect to people who are not necessarily our clients but might afford a Ferrari,” said an executive of the company. Ferrari Begins […]

News

With Bitcoin’s Fourth Halving Under 200 Days Out, What’s at Stake for Miners?

October 15, 2023 0

With fewer than 200 days to go, anticipation mounts for the halving, a four-year event that halves the supply rate. Bitcoin’s fourth halving is projected to take place on or around April 24, 2024. This comprehensive guide will help you understand the halving’s effects and what to anticipate. The Countdown to Halving and Understanding the […]

News

US Mulls Tighter Restrictions on AI Chip Shipments to Chinese Firms, Report

October 15, 2023 0

The government in Washington is reportedly considering further limiting China’s access to U.S. processors used in artificial intelligence (AI) applications. The current restrictions, which were introduced last year, allow Chinese companies to source the chips through overseas subsidiaries. Washington Seeks to Further Curb Chinese Access to American AI Chips, Sources Say

News

Blockfi CEO Blames FTX and Alameda Collapse for Firm’s Bankruptcy

October 15, 2023 0

Blockfi CEO Zac Prince testified Friday that the downfall of FTX contributed to his company’s bankruptcy. Prince appeared as a government witness in the fraud trial of former FTX boss Sam Bankman-Fried (SBF). Blockfi’s Prince: Loans Wouldn’t Be Approved Knowing Alameda Used FTX Clients’ Funds Blockfi’s Prince informed federal prosecutors that his company had loaned […]

News

JPMorgan CEO Warns of ‘Most Dangerous Time the World Has Seen in Decades’

October 15, 2023 0

JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that “the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.” Jamie Dimon’s Latest Warnings The chairman and CEO […]

News

Ripple’s Legal Chief Calls for ‘Rational’ Crypto Regulation — Urges US to Stop Elevating Politics Over Sound Policy

October 15, 2023 0

Ripple’s chief legal officer says the U.S. needs to ”stop elevating politics over sound policy.” Noting that countries and regions outside of the U.S., such as Singapore, the U.K., the EU, and Japan, welcome crypto businesses, he emphasized: “I think we need a rational regulatory framework.” Moreover, he stressed that certain regulatory agencies in the […]

News

G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap

October 15, 2023 0

The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced at their latest meeting. G20 Finance Chiefs’ Communique on Crypto Assets The […]

News

FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028

October 14, 2023 0

Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value of FTX’s total solana assets is a hefty $1.16 billion. However, it’s worth highlighting that a significant portion of […]