Tag Archives: social

Jon Cunliffe – Deputy Governor at the Bank of England – recently asserted that the risks cryptocurrencies pose to the financial sector are drawing closer. He urged regulators to take action before such an economic threat can manifest in traditional markets. Crypto Threatening The Financial Industry? The governor aired his thoughts in conversation with BBC’s Today Programme on Monday. He feared that the volatility of cryptocurrency markets could start to spill over into...

The blockchain-focused financial services company – Circle – intends to establish regional headquarters in Singapore. The firm will also reportedly invest in a stablecoin backed by the Japanese yen through its newly-designed project – Circle Ventures. Circle Sees Opportunity in Asia According to a recent Bloomberg report, Circle – the issuer of the second-largest stablecoin, USDC – expects significant growth in the use of such tokens soon. Speaking on the matter was Jeremy...

Entrepreneur First, an international firm focused on investing in technology companies, is partnering with Tezos to launch a blockchain-focused platform to attract potential founders to Tezos’ web3 ecosystem. Seeking Talented Web3 Developers The new platform, dubbed Entrepreneur First Web3, is designed to attract potential blockchain innovators and DeFi app creators into the Tezos ecosystem. They will be able to share ideas with the community, collaborate with other DeFi app...

The British authorities have reportedly urged Transport for London (TfL) to stop allowing cryptocurrency ads on its infrastructure. The move comes after Floki Inu – a meme coin named after Elon Musk’s puppy – was advertised on the city’s underground stations, buses, and trains for the last couple of weeks. Crypto Ads Are ‘Unethical’ “Missed Doge? Get Floki” – this was the slogan that appeared on some of London’s underground stations at the end of last month. Promising to...

The crypto and blockchain space seems to be thriving. In fact, this vertical has fetched the largest valuation step-up this year. Naturally, VC firm Paradigm has also ramped up its game with its latest $2.5 billion venture fund. With the wave of new-fangled investor interest, eye-popping fundraises in crypto are not surprising anymore. One such high-profile investment firm is Paradigm that has managed to capture the crypto industry’s biggest venture fund ever after breaking...

The popular cryptocurrency lender – Nexo – has announced a buyback program for its native token worth $100 million. The company estimates that the entire process will be completed within the next six months. Nexo’s $100M Buyback Program The press release shared with CryptoPotato informed that the company’s Board of Directors had approved the program, authorizing it to “discretionally repurchase” the native token Nexo in the open market periodically. The procedure has already...

Ridiculous and bizarre trends in the crypto industry aren’t surprising. Little-known StarLink (STARL) is the latest to see a wild swing that has some connection with Elon Musk, but it’s not what you think. Coincidentally, StarLink happens to share the same name as that of the Elon Musk-backed satellite internet constellation Starlink. Amidst a busy week, SpaceX launched its second rocket that included a stack of 53 Starlink satellites into orbit on November 11th. This was...

One of the largest Bitcoin mining companies in the States – Marathon Digital – plans to raise $500 million through the issuance of senior convertible notes. The firm wants to use the proceeds to buy bitcoin and BTC mining machines. Founded over a decade ago, Marathon Digital Holdings is among the largest publicly-traded BTC mining companies. The firm’s announcement from earlier on November 15th outlined its plans to “offer, subject to market and other conditions, $500,000,000...

Bloomberg recently found that investors are protecting themselves from fears of rising inflation by using Bitcoin. In a tweet, the company even called it “the best inflation hedge around” depending on how one looks at it. Bitcoin Beats Inflation After crunching the numbers, Bloomberg Opinion’s John Authers found that Bitcoin has achieved 99.996% deflation over the past 10 years. What cost one Bitcoin in 2011 now costs just 0.004% of a Bitcoin today. Meanwhile, the CPI has...

The results of a global poll carried out by the international financial consultancy firm – deVere Group – revealed that 36% of millennials and 51% of Generation Z would be happy to get half of their paychecks in digital assets instead of fiat. Crypto Is The Future of Money for The Youngsters Seen by many as a financial revolution and a global technological development, the cryptocurrency industry is prevalent among people younger than 40-years-old. With that said, it is no...