Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

Crypto Payment Option Makes Services More Affordable: Zimbabwe Music Studio Director

A Zimbabwean music production company, Mutscon Music, recently announced that its clients can now pay for services using cryptocurrencies like bitcoin and ethereum. According to the company, this decision has partly been necessitated by ongoing pandemic-related movement restrictions. Music Studio Accepts Crypto Mutscon Music has also chosen to accept cryptocurrencies because this form of payment…

Jerome Powell Is Wrong: Cryptocurrencies Were Made For Payments

Jerome Powell Is Wrong: Cryptocurrencies Were Made For Payments

During a Senate hearing last week, Federal Reserve Chairman Jerome Powell suggested: “With cryptocurrencies, it’s not that they didn’t aspire to be a payment mechanism, it’s that they’ve completely failed to become one except for people who desire anonymity, of course, for whatever reason.” Setting aside that distributed open ledgers like Bitcoin are pseudonymous rather than…

Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets. Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the Fox Business cable network on July…

Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education

Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education

Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, “We need to do a much better job going to D.C.” to educate lawmakers. Novogratz Says Institutions Are Buying Galaxy Digital CEO Mike Novogratz talked about…

CEO of $300 Billion Swiss Bank says Wealthy Clients Have Crypto Appetite

CEO of $300 Billion Swiss Bank says Wealthy Clients Have Crypto Appetite

Zeno Staub, CEO of pro-crypto Swiss banking giant Vontobel, has revealed that the firm’s wealthy clients are showing an appetite for cryptocurrency exposure. Major banks in the United States, Europe, and Asia are beginning to offer structured Bitcoin (BTC) and virtual currency-related investment products to their wealth management clientele. Wealthy Clients Keen on Adding Crypto…

It’s On, Elizabeth Warren Triggers Retaliation From The Crypto Community

It’s On, Elizabeth Warren Triggers Retaliation From The Crypto Community

Prominent figures in the crypto community have come forward to address comments made by Senator Elizabeth Warren. In a letter to Treasury Secretary Janet Yellen, Senator Warren spoke of the risks associated with crypto, calling on Yellen to introduce a “comprehensive and coordinated framework.” In other words, to bring tougher regulation that would more than likely stifle…

Ghana’s vice president declares Africa should embrace digital currencies

Ghana’s vice president declares Africa should embrace digital currencies

Digital currencies are primed to reinvent trade between African countries. Ghana’s vice president Dr. Mahamudu Bawumia believes that African governments need to embrace digital currencies to facilitate trade throughout the continent. As reported by Ghanaweb Bawumia outlined his argument during the Fifth Ghana International Trade and Finance Conference, which boasted the theme of “Facilitating Trade and Trade-Finance…