Senators propose bill to ban digital yuan from US app stores
Three US Republican senators have proposed a bill to protect the country from the global adoption of China’s CBDC (the digital yuan). On May 25, three Republican senators, Tom Cotton, Mike Braun, and Marco Rubio, presented legislation to restrict the use of China’s central bank digital currency (CBDC) in the US. The “Defending Americans from […]
Bitcoin is an insurance against financial catastrophe – Bill Miller
According to billionaire Bill Miller, the founder and Chief Investment Officer of investment firm Miller Value Partners, Bitcoin (BTC) is an “insurance policy against financial catastrophe”. On May 24, Miller appeared on an episode of the “Richer, Wiser, Happier” podcast to support cryptocurrencies as a way for folks caught up in war to still access […]
Bitcoin Lags In Stock Market
Bitcoin has suffered a significant drop in price in the last few weeks and which seems not to end soon, even as other assets are recovering from their price fall. The recent losses of Bitcoin (BTC) have caused it to lag behind major U.S. equities this week. In the last seven days, the world’s largest […]
Crypto spam sees 4000% increase in two years – LunarCrush
According to a recent report from crypto intelligence firm LunarCrush, crypto spam has witnessed a spike of about 4000% in the past two years. Spam in the cryptosphere has surged by 3,894%, according to crypto intelligence service LunarCrush . Since 2019, the company has been collecting crypto-specific social data, and claims that spam is not […]
JPMorgan conducts pilot trials on its blockchain for collateral settlement
JPMorgan Chase & Co, a multinational investment bank, is apparently testing the use of its own private blockchain for collateral settlements. Bloomberg reports that JPMorgan performed a test transaction last Friday in which two of its businesses transferred a tokenized version of Black Rock Inc. money market fund shares. A money market fund is a […]