Hedge funds see the crypto market decline as an investment opportunity
From rebalancing cash positions to announcing new investment products, hedge funds seem undeterred by the current crypto market decline. Go to Source Powered by WPeMatico
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Australian government awards $4M in grants to two blockchain startups
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
UAE to experiment and launch an in-house digital currency
As a part of the 2023-2026 strategy, CBUAE intends to be among the world’s top 10 regulators. Go to Source Powered by WPeMatico
El Salvador Bitcoin move will put pressure on network: JPMorgan
Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that have been transferred between wallets in the past year, JPMorgan experts say. Go to Source Powered by WPeMatico
China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals
China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in … Read more
Majority of Salvadorans Skeptical of BTC as Currency, Poll Finds
President Nayib Bukele’s adoption of cryptocurrency as legal tender in his country is not being met with deep understanding by most of his fellow Salvadorans, a new survey suggests. Almost half of the respondents admitted they knew nothing about Bitcoin, while two-thirds aren’t ready to be paid in crypto. Bitcoin Adoption ‘Not at All Correct,’ … Read more
Crypto usage in Turkey jumped by elevenfold in a year, new survey shows
A new survey conducted in Turkey reveals how the perception of cryptocurrencies evolved over the last year. Go to Source Powered by WPeMatico
Survey: 21% of UK crypto investors say they know almost nothing about it
A new survey reveals that nearly two in five crypto investors in the U.K. admit their understanding of the sector was “poor or non-existent” when they first purchased cryptocurrency. Go to Source Powered by WPeMatico
Visa reports over $1 billion in crypto spending in H1 2021
Payment giant Visa will continue connecting the crypto economy to its “network of networks” to support the broader digital transformation of financial services. Go to Source Powered by WPeMatico
Israel to welcome 11th president with oath of office on NFT
The NFT is a digital representation of the oath of office signed by Israel’s sixth president, Chaim Herzog, who is the father of President-elect Isaac Herzog. Go to Source Powered by WPeMatico