Tag Archives: social

While being skeptical about offering bitcoin investment options to its clients, the American multinational investment bank JPMorgan Chase & Co has admitted that demand for the asset class has increased significantly. Growing Demand for Bitcoin In a recent interview with Bloomberg, Mary Callahan Erdoes, JPMorgan’s director of Asset and Wealth Management, noted that most of the company’s clients view bitcoin as an asset class. To maintain its client base, Erdoes stated that...

As Ethereum gas fees soared to record highs during the 2021 bull market, rendering many decentralized finance (DeFi) protocols unusable for casual users, several projects were forced to deploy on other chains. This created a huge surge in demand for cross-chain mechanisms – called bridges – able to securely transfer user assets from one chain to another. Cross-chain bridges can generally be divided into centralized custodial bridges (CCB) and Decentralized non-custodial...

Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing what got them interested in Bitcoin. Elon saw it as an improvement to the “information system” that supports the economy as a whole On Scalability, Musk admits...

The world’s largest NFT marketplace, OpenSea has recently raised $100 million from industry investors in a recently-concluded Series B funding round led by leading American venture capital firm, Andreessen Horowitz. Making NFT Trading Accessible to More Users In an official press release published Wednesday, OpenSea noted that it will use the funds to expand its reach into several new international markets to make NFT trading accessible to more users. The project also added...

Core Scientific, a digital asset mining firm, aims to be the next company from the crypto space in line to become publicly traded at a $4.3 billion evaluation. Instead of an IPO, Core will merge with a SPAC called Power & Digital Infrastructure Acquisition Corp. As reported on July 21st, Core Scientific, a crypto miner with operations in several US states, plans to go public on Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp – a special...

According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies. Institutional Investors Love Virtual Currencies A survey conducted by the financial services provider – Fidelity Digital Assets – found out that more than 50% of global institutional investors had already allocated some of their wealth...

According to a fresh release, companies that transfer BTC or other cryptocurrencies must collect information about the senders and recipients if proposed EU regulations come into force. In a bid to end anonymous cryptocurrency wallets, the Europoean Commission has proposed a law that would require companies that transfer BTC and other cryptos to collect information about the sender and the receiver. This, according to a recent press release, aims to crack down on illicit...

Circle, the blockchain company behind the second-most popular stablecoin USDC, has partnered with the US multinational financial services giant – Mastercard. Both parties aim to facilitate crypto-to-fiat conversions and test using USDC as a settlement option. The partnership, announced by Circle on July 20th, will result in launching a pilot program that will assist both companies in a few endeavors. Firstly, Mastercard will start employing USDC to “facilitate crypto-to-fiat...

Ralph Hamers, the CEO of the Swiss multinational investment bank UBS Group AG, has no FOMO towards the cryptocurrency industry. He feels his organization is not missing out on any potential gains from this “untested” market. No Crypto Fomo: UBS CEO Speaking to Bloomberg TV, Hamers outlined the success of the financial institution that he runs in the past year. While commenting on the bank’s earnings and the expansion to other nations, he received a question in regards to what...

Turkey’s Deputy Minister of Treasury and Finance – Şakir Ercan Gül – revealed that the officials have completed the draft bill with the regulatory framework for cryptocurrencies and will present it to the Parliament in October 2021. He opined that the Asian country needs to learn from Western Europe and the USA but should implement stricter rules. The Crypto Bill Is Ready According to a recent report, the Turkish Deputy Minister of Finance – Şakir Ercan Gül – stated that the...