Facebook-backed Diem struggles to win over officials in Washington
Despite strenuous efforts to win over banking regulators, Facebook’s ambitious digital currency payment project Diem is yet to get off the ground and might suffer from the brewing anti-crypto sentiment among key U.S. policymakers. Diem is having trouble smoothing out regulatory issues with senior p olicymakers in the Biden administration, according to The Washington Post […]
Chinese Communist Party issues warning about the NFT hype bubble
When the NFT bubble bursts, the local news publication, acting as the party’s spokesperson, warns of a significant reduction in the value of the party’s assets. The Chinese government has issued a series of remarks criticizing the value of the non-fungible token (or NFT) market, despite the fact that the technology is being pursued by […]
Bank for International Settlements: The Rise of Stablecoins and DeFi Make Central Bank Currencies “Urgent”
Traditional banking is under threat, according to Benoit Coeuré, the director of the Bank for International Settlements’ Innovation Hub. According to Benoit Coeuré, head of the Bank for International Settlements ‘ (BIS) Innovation Hub, key pillars of today’s cryptocurrency economy, such as stablecoins and decentralized financial infrastructure (DeFi), pose a danger to the world’s central […]
Trailer for Anthony Hopkins’ NFT Film Zero Contact Finally Released
Oscar-winner In the sci-fi picture Zero Contact, Anthony Hopkins plays a tech billionaire, and it will be distributed as an NFT. Zero Contact, a science fiction film starring Anthony Hopkins and distributed as a non-fungible token, has received its release date and debut trailer (NFT). NFTs are cryptographically unique tokens that can be associated with […]
Bank of Mexico’s governor does not consider Bitcoin a reliable legal tender
Alejandro Daz de León, the governor of the Bank of Mexico, dismissed Bitcoin (BTC) as a valid legal tender, citing price volatility as a key hindrance to the cryptocurrency’s broad acceptance. When compared to the central bank’s fiat money, Daz de León remarked in a Reuters interview that Bitcoin’s place in today’s financial system resembles […]