Cryptocurrencies News
- Martin Young
There is still a great deal of uncertainty regarding the status of crypto assets in the United States. Regulators have been dragging their feet, and investors are now turning to the courts to intervene.
- Bob Mason
The crypto market saw red on Thursday, with little on the news front to deliver support. A bearish start to Friday will test investor resilience as ETH sits at $1,750.
- Reuters
By Lindsay Dunsmuir (Reuters) – The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Federal Reserve Vice Chair Lael Brainard said on Thursday.
- Varuni Trivedi
The Paraguayan bill was approved with modifications in the country’s Chamber of Deputies. It will now return to the Senate as the bill inches closer to becoming law.
- Reuters
By Jessica DiNapoli and Divya Chowdhury DAVOS, Switzerland (Reuters) – Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum’s old guard.
- Bob Mason
Old Fashioned Research, launched by ex-Binance executives, targets Web3 and aims to drive growth in the emerging markets regions of Africa and LatAm.
- Joel Frank
Despite a benign market reaction to Wednesday’s Fed minutes and continued bitcoin stability, altcoins are selling off on Thursday.
- Sujha Sundararajan
Fed Vice Chair Lael Brainard said that a U.S. central bank digital currency could be one possible way to ensure the global use of USD.
- Bob Mason
An NFT DAO linked to golf formed a new partnership with Callaway Golf this week. Next up, the DAO plans to own and manage its own golf course.
- Martin Young
The embattled Terra network will get a reboot this week with a new blockchain which promises not to be a repeat of the previous mistakes, but who will use it?
- Bob Mason
Miami Mayor Francis Suarez spoke at the World Economic Forum this week, talking of his bitcoin salary, while also taking a pragmatic view on the sell-off.
- Reuters
(Reuters) – Creating an official digital version of the U.S. dollar could help ensure financial system stability as crypo-assets and digital currencies developed by other countries become increasingly popular, Federal Reserve Vice Chair Lael Brainard said on Wednesday.
- Reuters
By Hannah Lang (Reuters) – Developers behind failed stablecoin TerraUSD have voted to abandon the token in favor of creating a new blockchain and digital asset weeks after the cryptocurrency collapsed, according to a tweet from the Terra blockchain protocol.
- Reuters
(Reuters) – Analysts at J.P. Morgan turned negative on alternative investments as they expect lower returns for the asset group compared to traditional assets.
- Reuters
(Reuters) – Hong Kong-based Babel Finance said on Wednesday it had raised $80 million in a new funding round that valued the cryptocurrency lender and asset manager at $2 billion.
- Sujha Sundararajan
Latin America’s largest exchange Mercado Bitcoin and Stellar have joined the LIFT Challenge Real Digital to explore use cases for a Brazilian CBDC.
- Reuters
(Reuters) – Venture capital giant Andreessen Horowitz said on Wednesday it has raised $4.5 billion for its fourth cryptocurrency fund, bringing its total funds raised so far for digital currency investments to more than $7.6 billion.
- Joel Frank
Familiar bearish macro themes of central bank tightening plus fears about slowing growth and inflation cap crypto upside for now.
- Reuters
By Jessica DiNapoli DAVOS, Switzerland (Reuters) – Ethereum’s co-founder Gavin Wood said cryptocurrency investors need to be more aware of what is backing their holdings after a market rout which wiped more than $800 billion off their value.
- Bob Mason
Carbon credit is a growing space in the crypto world, with blockchain firms looking to make carbon credit trading more accessible to corporations globally.