Amex Executive Speak out on Crypto Payments ‘Currently not Cost Effective’
American Express executives stated that they are bullish about crypto and actively work to include more crypto-related services.
Damning Prediction Made by Goldman Sachs for Coinbase Shares
The largest crypto exchange in America is cutting 18% of its staff. An analyst at Goldman said it’s not enough.
ApeCoin Jumps Over 20% After launch of Eminem and Snoop Dogg Video
This bump is a sign of a minor recovery by the token that recently lost over 65% in one month.
The Bitcoin Miner Loan Upset – $4 Billion Repayments are Becoming Very Difficult
Some miners are finding it harder to repay loans backed by equipment that they have taken out due to Bitcoin’s declining value, Bloomberg reported Friday.
US Sanctions Force Popular Crypto Exchange Uphold to stop Operations in Venezuela
Uphold, a New York-based cryptocurrency exchange has announced that it will be closing down its operations in Venezuelan markets.
Japan Based Brave Group Inc Raises $10 Million to Fund Virtual IP Project
Brave Group Inc. is a Japanese virtual IP company. It recently announced that it has raised $10 million and plans to use some of the funds to expand its “solution services to clients in the metaverse market business.”
Crypto Can Cause Huge Risks to Financial Stability According to ECB Chief Lagarde
Christine Lagarde (CEB President) says that crypto assets and decentralized financing (defi), have the potential to present “real risks” for financial stability. She offers some regulatory suggestions that will complement Europe’s Markets in Crypto Assets Regulations (MiCA).
Mainnet Launch Helps THORChain Rally 16%
After four years of waiting, THORChain has finally released its new mainnet. “This marks the completion of a fully functional protocol with many features and strong community,”
Horizon Ethereum Bridge Hacked for $100 Million – Harmony Loses 10%
After hackers stole $100 million worth altcoins, Horizon was the latest cross-chain bridge that was hit by an exploit.
The FT has Reported Harsh consequences for bad crypto behaviour in Singapore
According to reports, the Singapore regulator has zero tolerance for bad behavior when it comes to crypto. Sopnendu Mhanty, a Singapore regulator, stated to FT that if someone has done a wrong thing, they are harsh and unrelentingly tough.
