Bitcoin rebounds from $33K-support as US dollar inflation comes back into focus
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday. Go to Source Powered by WPeMatico
Bookmarking Crypto Insights
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday. Go to Source Powered by WPeMatico
Healthcare is often very confusing, perhaps especially for patients, but perhaps not since $190 billion is spent on unnecessary costs in healthcare payments administration every single year. 25% of wasted spending in healthcare relates to collection, processing, posting, and reconciling payments. It stands to reason that perhaps the insurance community is as confused as patients … Read more
The secretary-general of the African Continental Free Trade Area (AFCFTA) secretariat, Wamkele Mene, says Africa will “one day have a common currency” via a proposed “Pan-African Payment and Settlement System (PAPSS).” He adds that such a currency will help “ease constraints of settling intra-African trade in foreign-denominated currency.” Challenges Ahead In comments recently carried by … Read more
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as “a hub for crypto innovations.” Go to Source Powered by WPeMatico
The new investment aims to explore blockchain’s capability to expand the competitiveness of Australia’s critical minerals and food and beverage industries. Go to Source Powered by WPeMatico
The Advertising Standards Authority (ASA), the U.K. advertising watchdog, declared it would crack down on misleading ads promoting cryptocurrency investments. The organization will include cryptocurrency campaigns as a “red alert” priority in the financial marketing department. The organization will be more proactive regarding these ads, it claims, contacting companies and issuing warnings in the future. … Read more
Samsung SDS has launched a new cloud-based blockchain service called Paperless to address forgery and falsification problems in documents. Go to Source Powered by WPeMatico
Avanti’s Caitlin Long expects the U.S. Federal Reserve to make it harder for crypto companies to access USD payment channels. Go to Source Powered by WPeMatico
American Express’ first foray into NFTs, a partnership with popular musician SZA, has sold out within hours of kicking off. Go to Source Powered by WPeMatico
According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity … Read more