Blackrock’s CEO Sees “Very Little” Demand For Cryptocurrencies
According to Blackrock CEO Larry Fink, the world’s largest asset manager, with $9.5 trillion in assets under management, expects “very little” demand for cryptocurrencies, including bitcoin, in the near future. Larry Fink, CEO of Blackrock , the world’s largest asset manager, discussed bitcoin on CNBC Wednesday, as his company reported a better-than-expected quarterly profit. Assets […]
Fed Chair Jerome Powell believes there is no need for cryptocurrencies
Federal Reserve Chairman Jerome Powell in a statement said, ‘You wouldn’t need cryptocurrencies if you had a digital US currency’ “I think that’s one of the stronger arguments in its favour,” he said. Moreover, the Fed chairman maintains that the US is not in risk of losing its status as the world’s reserve currency. Federal […]
ECOWAS cautions West Africans on the dangers of cryptocurrencies
The economic community of West African States (ECOWAS) warn West African crypto users that these digital currencies are excessively volatile, adding that “their use on the African continent is not without dangers.” The ECOWAS Parliament has issued a warning against using cryptocurrency as a method of exchange and commerce. The ECOWAS Parliament declared that the […]
Israel Seizes Bitcoin Used by Hamas militant Organization
Law enforcement officials seized more than 150 cryptocurrency accounts that they say laundered funds to and from accounts operated by the Hamas group. The Israeli government has declared that the Bitcoin network and cryptocurrency accounts of Palestine’s most prominent militant organization, Hamas, will be shut down in the near future. Israel believes Hamas is using […]
Cabinet note for the crypto bill is ready – India’s Finance Minister
The Indian finance minister said that the Indian crypto bill is expected to be listed for discussion during the upcoming parliamentary session, she is also optimistic that the crypto-bill will be considered. In a recent interview, India’s finance minister, Nirmala Sitharaman, discussed the long-awaited crypto bill. She stated that the cabinet note for the crypto […]