Dawn Fitzpatrick, CEO of Soros Fund Management, has expressed a bullish stance on cryptocurrency, despite the recent challenges, including the U.S. Securities and Exchange Commission’s lawsuits against trading platforms Binance and Coinbase. Fitzpatrick’s optimism is rooted in her belief that…
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Global Expansion and USDT Support: Strike Unveils Major Developments at Bitcoin 2023 Conference
During the Bitcoin 2023 conference, mobile payments application Strike announced several exciting developments. Notably, the company announced a global expansion plan and the introduction of Tether (USDT) support. These updates highlight Strike’s determination to enhance its services and improve Bitcoin’s…
Cathie Wood and Art Laffer Discuss Bitcoin’s Potential as a Stable Store of Value
“ARK Invest’s Cathie Wood and economist Art Laffer discuss the future of Bitcoin and the possibility of developing a cryptocurrency that maintains a stable value over time” A recent insightful conversation between ARK Invest CEO Cathie Wood and renowned economist…
Florida Governor Moves to Ban CBDC(Central Bank Digital Currency) in the State
Gov. Ron DeSantis Calls for Legislation to Protect Privacy and Foster Financial Innovation with CBDC Ban in the state of Florida Florida Governor Proposes CBDC Ban Florida Governor Ron DeSantis has called on lawmakers to pass legislation that would ban…
This Australian Bank Completes World-First Stablecoin Cross-Border Transaction on Ethereum
National Australia Bank(NAB), a major financial institution, has made history by completing the world’s first intra-bank cross-border transaction using a NAB-issued stablecoin (ticker – AUDN) on a layer-one public blockchain Ethereum. The transaction was carried out on the public and…
Cathie’s Ark Invest Raises $16M for New Crypto Fund Amid Financial Turmoil
Ark Invest, the investment management firm run by Cathie Wood, has raised $16 million for its new fund, the ARK Crypto Revolutions Fund. This new fund is registered in both the US and the Cayman Islands and is a private…
Circle fights to save USDC after Signature Bank collapse: Will they succeed?
Circle, a leading issuer of the stablecoin USDC, has reportedly moved to restore investor confidence after an operational failure at Signature Bank caused some investors to lose access to their funds. Signature Bank’s Operational Failure Causes USDC Disruptions Signature Bank…
Circle’s USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle, a U.S.-based stablecoin issuer, has come under scrutiny after it was revealed that the company held a portion of its USDC stablecoin’s cash reserves at Silicon Valley Bank (SVB) as of January 17th. This comes after SVB was taken…
Bitcoin Adoption as Legal Tender in El Salvador Leads to 95% Boost in Tourism, Highlighting Potential Benefits of Cryptocurrency for Developing Countries
El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, and since then, it has been closely watched by the cryptocurrency industry and the wider world. One unexpected consequence of this move has been a…
Banking System Unlikely to be Impacted by Silvergate Crypto Disaster
Silvergate Capital Corporation, a leading provider of innovative financial infrastructure solutions and services for the digital currency industry, saw its stock drop over 50% in a single day following the company’s announcement of its financial results for the fourth quarter…