In recent times, the world has witnessed a surreal opposition of bitcoin from the international monetary fund. IMF has been targeting bitcoin as a cause of surging energy costs. According to the IMF, surging energy costs have boosted inflation, especially…
Follow us on Google News Key takeaways Tobias Lütke, the CEO of Shopify, has been a long-time supporter of cryptocurrency. Millions of merchants use Shopify’s online shopping tools. The appointment of Lütke is expected to be finalized later this month.…
Follow us on Google News According to the CEO of the United Arab Emirates-based financial institution Bank of Sharjah, Blockchain and cryptocurrencies are not only challenging to regulate but also here to stay. However, the CEO acknowledges that many banking…
Kazakhstan, the world’s second-largest Bitcoin miner, has announced that its crypto mines will be shut down until the end of January. After millions were affected by power outages across three Central Asian countries last week, the state electricity provider KEGOC…
Follow us on Google News Key Takeaways: Warner Music Group will open a metaverse concert venue and amusement park within The Sandbox. The label includes imprints like Atlantic and Elektra, and hosts artists such as Ed Sheeran and Lizzo. Warner…
On Wednesday, the Wall Street Journal reported that Meta Platforms Inc’s (FB.O) digital currency venture Diem Association is winding down and selling its technology to California-based Silvergate Capital Corp (SI.N) for about $200 million. Diem, formerly known as Libra, was…
Follow us on Google News Cryptocurrencies and nonfungible tokens are ripe for fraud, including money laundering, market manipulation, and tax evasion, according to IRS criminal investigators, and even celebrities could be caught up in the agency’s investigations. As digital assets…
Russian President Vladimir Putin has expressed reservations about the Central Bank of Russia’s recent decision to prohibit the use of cryptocurrency in the country. Putin requested that officials from his government, including the central bank, hold talks on cryptocurrencies in…
Follow us on Google News Key Takeaways: Elon Musk joins the chorus in urging McDonald’s to accept DOGE. The billionaire CEO promises to eat a McDonald’s happy meal on TV if they do. McDonald’s has yet to respond, but the…
Follow us on Google News Key Takeaways: Customers of Flushing Bank will be able to buy, sell, and hold bitcoin directly from their online banking accounts in the near future. The functionality will be available in Q1 through NYDIG and…
