Jamie Dimon, the CEO of JPMorgan Chase, says that he does not particularly like crypto but will defend your right to invest in it. However, he sees benefits in some aspects of digital currency.
Rising energy costs predicted by the world bank may have a direct effect on the bitcoin network, but will it make much difference?
The strengthening of the U.S. dollar and the growth deterioration across major global economies will likely cause more downside for risk assets.
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting.
Otherside metaverse lands would only be sold to wallets that are KYC-approved.
A French bank opens digital asset investments for clients with others looking to follow
The rise of meme coins such as Dogecoin and Shiba Inu has been nothing short of phenomenal. These two digital assets have redefined what is required for a cryptocurrency to be successful in the market. However, this has not stifled the rivalry between the two in any way.
The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” said the central bank chief.
The hugely popular move-to-earn app is going full crypto with a blockchain integration and the launch of its native token.
In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.”
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