The latest announcement means that Tencent and Ant want to allow visitors to make payments with different vendors in China. Foreigners can now easily pay for goods and services in China as payment giants Tencent and Ant Group said users can directly link international credit cards to their platforms. Therefore, tourists can connect their pay via the two dominant mobile pay apps- Tencent’s WeChat Pay and Ant Group’s Alipay. Over the years, China’s payment system has kept credit cards out of...
Read More »Google Cloud Reveals ‘Productive Conversations’ with Authorities in EU on AI Regulation
The head of Google’s cloud division has said the company’s discussions with the EU will help create a “path forward” for AI development. Google is currently in productive talks with authorities in the European Union (EU) about artificial intelligence (AI) regulations. The company and EU regulators are having early discussions about designing safe AI technology. Google Cloud CEO Thomas Kurian told CNBC that the conversations are for the progress of the technology. Kurian also noted that the...
Read More »BlackRock Has 50% Chance of Getting SEC’s Spot Bitcoin ETF Approval
The SEC may prefer to give BlackRock the approval because of its reputation. According to some Bloomberg analysts, BlackRock has a 50% chance of getting approval for its spot Bitcoin Exchange Traded Fund (ETF) from the Securities and Exchange Commission (SEC). On the other hand, they also speculated that Grayscale has a 70% chance of winning its ongoing legal case against the regulator. Eric Balchunas made the comment about the two companies in a tweet after Elliott Stein, a senior...
Read More »UK Law Commission Proposes Building Rules for Governing Digital Assets
The UK Law Commission has submitted its proposal to the government to provide a comprehensive legal foundation for digital assets. As crypto adoption grows in the UK, lawmakers have started demanding a proper law base governing digital assets. The UK Law Commission has proposed having proper crypto rules to make the country a global hub for digital assets and non-fungible tokens. In a report on Wednesday, June 28, the independent panel of the Law Commission noted that the long-awaited...
Read More »Opinion: America Really DOESN’T NEED a CBDC Right Now
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The topic of a central bank digital currency (CBDC) continues to permeate the digital currency arena. The question is, “Does a CBDC warrant anything special, and should we really be paying attention to such a concept?” A CBDC May Not Be the Best Thing for America A CBDC is a digital asset issued not by any...
Read More »SOL Price Analysis: Solana Could Recover Further If It Holds This Support
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Solana price started a decent increase above the $16.00 resistance against the US Dollar. The price is now trading below $16.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $16.20 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The...
Read More »Bitcoin Price Analysis: BTC Bulls In Control Above $29,500
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price started a fresh increase above the $28,500 zone against the US Dollar. The price is now trading above $28,500 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $29,800 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The...
Read More »Former Argo Blockchain CEO Peter Wall Joins Blockchain Firm SBP
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Peter Wall – the former CEO of bitcoin mining firm Argo Blockchain – has a new job. He’s stepped aboard the train of Sustainable Bitcoin Protocol (SBP) and will serve as the company’s new senior advisor. Peter Wall and SBP… The Perfect Match? The goal is to ensure SBP has the appeal necessary to enter the...
Read More »Wise Stock Jumps 18% on Customer Deposits and Higher Interest Rates
Despite a few headwinds Wise has recently faced, the company’s stock jumped after revealing a spike in profits and revenue. British fintech online money transfer firm Wise’s (LON: WISE) stock jumped almost 18% on Tuesday in reaction to a rise in company profits. In a recent statement, the London-based fintech noted that its profit before tax tripled to £146.5 million ($186.5 million). The company also reported that its earnings per share tripled to 11.53 pence. According to data from...
Read More »Steve Hanke Really, Really Hates Bitcoin
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Not everyone loves bitcoin. In fact, there are those out there – like Warren Buffett or his sidekick Charlie Munger – that hate it with passion, and now, it looks like top economist Steve Hanke is joining the ranks of BTC’s biggest opposers. Steve Hanke Isn’t a BTC Fan In a recent interview, Hanke stated that...
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