HSBC CEO supports CBDCs as opposed to cryptocurrencies and stablecoins
HSBC Group CEO Noel Quinn, believes CBDCs are a transparent legal tender that avoids the “many risks” associated with cryptocurrencies and stablecoins. HSBC, Europe’s largest bank with $3 trillion in assets, is dubious of bitcoin while pushing the creation of central bank digital currencies (CBDCs). New forms of digital money might promote growth, according to […]
Survey shows 54% of Salvadorans are not familiar with Bitcoin
According to the results of a recent survey, the majority of Salvadorans still do not have a firm knowledge of Bitcoin or cryptocurrency. El Salvador’s controversial introduction of Bitcoin as legal tender has garnered international attention. The move has sparked outrage among many local citizens and has been met with skepticism by the International Monetary […]
Registrations for DeFi and physically-backed Bitcoin ETF are being submitted to the SEC
The Securities and Exchange Commission (SEC) has received two registration statements from crypto businesses requesting approval to market exchange-traded funds (ETF) related to Bitcoin (BTC) and decentralized financing (DeFi). Invesco, an Atlanta-based investment firm, teamed up with Galaxy Digital Funds in New York to file and register the Invesco Galaxy Bitcoin ETF, a trust with […]
Cardano’s Charles Hoskinson Proposes That The Term Smart Contracts Needs To Be Changed
In the cryptocurrency sector, smart contracts have been around for a while now, with the most recent implementation being on Cardano last month. Smart contracts have become even more significant to the entire sector as a result of the advent of decentralized finance (DeFi). The reason for this is that they are necessary to develop […]
AMC CEO is considering adding Dogecoin as a means of payments
Following a recent tweet from AMC’s CEO Adam Aron, the movie theatre firm is considering accepting Dogecoin payments, the firm stated it will allow payments with Bitcoin and three other cryptocurrencies by the end of the year. AMC stated last week that, in addition to plans to take Bitcoin payments by the end of 2021, […]