According to reports, Shanghai Pudong Development Bank may acquire the China-based subsidiary of Silicon Valley Bank (SVB). Authorities in the Chinese city of Shanghai reportedly back the acquisition,...
Tag: Featured
Central Bank Digital Currency Transactions to Reach $213 Billion Annually by 2030, Research Shows – Featured Bitcoin News
A new study shows that payments via central bank digital currencies (CBDCs) are expected to reach $213 billion annually by 2030. Furthermore, 92% of the total value transacted via CBDCs will be paid d...
SD Governor Urges 20 States to Block Legislation That Bans Crypto’s Use as Money — Says ‘Its a Threat to Our Freedom’ – Featured Bitcoin News
South Dakota Governor Kristi Noem has vetoed a bill that bans the use of cryptocurrencies, including bitcoin, as money. The bill, masquerading as a Universal Commercial Code (UCC) guidelines update, a...
This Year’s Super Bowl Featured No Crypto Ads
In 2023, the Super Bowl had two football teams pitted against each other and a halftime show that ultimately caused controversy with some while really hitting chords with others. However, something wa...
US Treasury Secretary Rules Out Government Bailout of Silicon Valley Bank – Featured Bitcoin News
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put i...
Reserve Bank of Australia Unveils Proposed CBDC Use Cases – Featured Bitcoin News
The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor ...
Silvergate Bank Terminates Crypto Payments Network as Shares Plunge to Record Low – Featured Bitcoin News
Silvergate Bank has discontinued its cryptocurrency payments network. The decision to shut down Silvergate Exchange Network followed the withdrawal of banking relationships by several major cryptocurr...
20% of US Adults Currently Own Crypto – Featured Bitcoin News
A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast maj...
Outer Edge LA Announces New Wave of Featured Speakers
Thought Leaders from Animoca Brands, The Chopra Foundation, FaZe Clan, ConsenSys NFT, and ApeCoin among the visionaries scheduled to appear at the 4-day event, produced by The Edge Of Company. Gatheri...
World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances – Featured Bitcoin News
World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.” While claiming that crypto is for those who “want to have a kick out of gambling,” he note...
Crypto Scam Revenue Dropped 46% in 2022 – Featured Bitcoin News
Revenue from cryptocurrency scams dropped 46% in 2022, according to blockchain data analytics firm Chainalysis. “We attribute most of this decline to market conditions, as scam performance tends to wo...
US State Regulator Launches Crypto Scam Tracker – Featured Bitcoin News
The California Department of Financial Protection and Innovation (DFPI) has launched a cryptocurrency scam tracker to help residents “spot and avoid crypto scams.” The regulator stated: “As reports of...
Crypto Hedge Fund Galois Capital Shuts Down — ‘We Lost Almost Half Our Assets to FTX Disaster’ – Featured Bitcoin News
Crypto hedge fund Galois Capital is shutting down after losing about half of its assets to the FTX disaster. “Given the severity of the FTX situation, we do not think it is tenable to continue operati...
Southeast Asia’s Largest Bank DBS Sees 80% Increase in Bitcoin Trading Volume on Its Crypto Exchange – Featured Bitcoin News
The largest bank in Southeast Asia, DBS, has revealed that bitcoin trading volume on its cryptocurrency exchange jumped 80% in 2022 while ether trading volume surged 65%. “We believe that the market h...
Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea – Featured Bitcoin News
Crypto exchanges Binance and Huobi have frozen cryptocurrencies worth approximately $1.4 million linked to North Korea, according to blockchain analytics firm Elliptic. The firm noted that the stolen ...
Keanu Reeves Says Dismissing Crypto Will Only Make It Better – Featured Bitcoin News
Famous actor Keanu Reeves says dismissing crypto or criticizing its volatility will only “make it better in terms of how it’s safeguarded.” The Matrix star added that the principle and ideas behind an...
Shiba Inu’s BONE Becomes CoinMerge First Featured Token
CoinMerge features BONE as the first crypto project to utilize its new updates. Shiba Inu’s governance token Bone ShibaSwap has continued to make headlines ahead of the launch of Shibarium. In a tweet...
Berkshire’s Charlie Munger Says ‘Ridiculous’ Anybody Would Buy Crypto — ‘It’s an Absolute Horror’ – Featured Bitcoin News
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody wo...
South Korea’s Second-Largest City Aims to Become a Crypto Hub – Featured Bitcoin News
South Korea’s second-largest city, Busan, is making efforts to become a crypto hub. Busan has been designated by the Korean government as a “super-aged” city, and its officials believe that crypto cou...
‘Clients Are Absolutely Interested in Digital Assets’ – Featured Bitcoin News
Bank of New York Mellon (BNY Mellon) has revealed that its clients “are absolutely interested in digital assets.” Emphasizing the need for clear crypto regulation, the bank’s head of digital assets no...
French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit – Featured Bitcoin News
French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungible token (NFT) collection. The artist argued that NFTs should be covered under the U.S...
Major Crypto ATM Operator Coin Cloud Files for Bankruptcy – Featured Bitcoin News
One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global ...
Nigerian City of Lagos Among the World’s Top 20 Crypto Hub Cities — Study – Featured Bitcoin News
According to the findings of a study by Recap, the crypto asset management firm, the Nigerian city of Lagos is ranked among the world’s top 20 crypto hub cities. Besides Lagos, five more African citie...
Robert Kiyosaki Says He Likes Bitcoin — Calls BTC ‘People’s Money’ – Featured Bitcoin News
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitc...
72% of Institutional Traders Surveyed ‘Have No Plans to Trade Crypto’ – Featured Bitcoin News
A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “re...
Billionaire Ray Dalio Says Bitcoin Isn’t an Effective Money, Store of Value, or Medium of Exchange – Featured Bitcoin News
Billionaire Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, says it’s “amazing” what bitcoin has accomplished but believes the cryptocurrency is not going to be an ef...
Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News
Blockchain analytics firm Chainalysis says 2022 was “the biggest year ever for crypto hacking,” with $3.8 billion stolen from cryptocurrency businesses. The firm added that decentralized finance (defi...
Charlie Munger Urges US Government to Ban Crypto Like China Has Done – Featured Bitcoin News
Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has urged the U.S. government to ban cryptocurrencies like China has done. “A cryptocurrency is not a curre...