Fidelity Believes Cryptocurrency Is Still ‘Adolescent’

May 17, 2021

Max Imberg 0

Fidelity Investments released a statement in support of cryptocurrencies. The message is in light of several major asset management companies raising new doubts over the future of virtual currencies as an asset class. Tom Jessop said that cryptocurrencies are investments that are still in the early stage of development. Fidelity’s digital assets chief remarked that […]

Continue Reading

CFO: Palantir Technologies Accepts Bitcoin as Payment

May 11, 2021

Max Imberg 0

David Glazer confirmed that Palantir Technologies accepts Bitcoin as a form of payment from their clients. The big data company’s treasurer and chief financial officer also mentioned his firm’s interest in adding the world-famous cryptocurrency to its balance sheet. We are pleased to learn about Mr. Glazer’s statement. Palantir Technologies is a highly significant company […]

Continue Reading

NFTs Credited for Ethereum Price’s Surge

May 3, 2021

Max Imberg 0

Ethereum or Ether’s trading prices have almost quadrupled this year. They soared 290 percent. This trend has led Ethereum to overshadow Bitcoin lately, hitting a new record high on Saturday, May 1, of merely over US$2,900. We feel thrilled to read this news about Bitcoin’s “younger sibling.” Ethereum is an international open-source, decentralized, and blockchain-based […]

Continue Reading

Vebitcoin, Thodex Shutdown Fuel Turkey Crypto Fans’ Pain

April 25, 2021

Max Imberg 0

Cryptocurrency traders and supporters in Turkey are feeling the agony after the closure of Vebitcoin and Thodex. These two cryptocurrency exchanges were components of the virtual currency boom in the nation straddling Western Asia and Southeastern Europe. We equally feel the downbeat sentiments of Turkish cryptocurrency fans following the shutdown of Vebitcoin and Thodex. We […]

Continue Reading

Cryptocurrency Use in Turkey Banned Starting April 30

April 19, 2021

Max Imberg 0

The Central Bank of the Republic of Turkey has confirmed that using cryptocurrencies for buying products and services will not be allowed anymore beginning Friday, April 30. The government institution released its new rules and published them last April 16. We want our readers to pay attention to this report very closely. We believe that […]

Continue Reading

SEC: Institutional Investors Propel Cryptocurrency Market Growth

April 12, 2021

Max Imberg 0

The Securities and Exchange Commission (SEC) of the United States has affirmed that the wider cryptocurrency market and Bitcoin are maturing. Commissioner Hester Peirce expressed her latest perspectives during a recent interview with Bitcoin-focused portal Bitcoin.org. She attributed the new trend to the heightened interest in the market hailing from large institutions in the mainstream […]

Continue Reading

G7 Central Banks See Digital Renminbi as a Potential Risk – Report

April 5, 2021

Max Imberg 0

The Group of Seven (G7) members’ central banks believe that the digital renminbi can be a threat and eventually replace the US dollar. These financial institutions are reportedly wary of the digitalized Chinese currency’s possible repercussions on the effectiveness of their conventional monetary policies, which are denominated in the US dollar, a kind of fiat […]

Continue Reading

China Emphasizes Support for Central Bank-Backed Digital Currencies

March 29, 2021

Max Imberg 0

China is eyeing stronger international management of state-backed digital currencies. According to Mu Changchun, a system that facilitates the direct and efficient exchange of various digital currencies must be established to ensure a dependable and seamless trade among countries. The People’s Bank of China’s (PBOC) head of its “e-yuan” project recommended a scalable and overseen […]

Continue Reading

Dubai Welcomes Crypto Businesses

March 22, 2021

Max Imberg 0

Dubai is an industrialized city in the Middle East. The United Arab Emirates’ business center is well-known for its cryptocurrency-friendly environment. Additionally, it has gained world recognition for its technology-focused regulatory structure. This month, the Dubai Multi Commodities Centre (DMCC) has inked an agreement with the UAE’s Securities and Commodities Authority (SCA). The accord permits […]

Continue Reading

Sotheby’s Mulls Accepting Crypto as Payment for Artworks

March 18, 2021

Max Imberg 0

Charles Stewart confirmed that Sotheby’s is looking into ways to permit art collectors to pay and potentially get paid with cryptocurrencies for physical masterpieces and digital works. The auction house’s chief executive officer shared his insights on Tuesday, March 16, explaining the possibility and a first-ever development in the blue-chip company. We are pleased to […]

Continue Reading