Data reveals users don’t exit the crypto market but rather diversify their portfolios

Data reveals users don’t exit the crypto market but rather diversify their portfolios

Much attention has been paid to the phenomenon of users exiting the cryptocurrency market in the wake of the market crash that followed the breakdown of the Terraform ecosystem and the consequent insolvency of a few crypto brokers and lenders. However, research reveals that crypto users have not abandoned the market due to the volatility but are…

European Banking Giant BNP Paribas to Introduce Crypto Custody Services (Report)

European Banking Giant BNP Paribas to Introduce Crypto Custody Services (Report)

To launch the offering, BNP Paribas teamed up with Metaco and Fireblocks. BNP Paribas – a French international banking group – reportedly partnered with Metaco to start providing cryptocurrency custody services to its clients. According to a recent coverage, one of the leading banks in Europe – BNP Paribas – entered the digital asset universe by…

Bitcoin and Hard Assets Will Win as Inflation Rises, Novogratz Says and Sees BTC at USD 500K

Bitcoin and Hard Assets Will Win as Inflation Rises, Novogratz Says and Sees BTC at USD 500K

Bitcoin (BTC) and other hard assets will rise strongly in price as the world continues down a path of prolonged and high inflation, argued Mike Novogratz, founder and CEO of major financial services and investment management firm Galaxy Digital. Speaking at the Bloomberg Crypto Summit on Tuesday, Novogratz stated that he does not believe the world will be…

Payment giant SWIFT affirms digital assets are a ‘key topic on the innovation agenda’

Payment giant SWIFT affirms digital assets are a ‘key topic on the innovation agenda’

As the use of cryptocurrencies becomes more widespread, an increasing number of financial firms and banks have started to take steps that might pave the way for the implementation of digital assets.  One of these financial institutions is the global payment giant SWIFT, which acknowledged at the start of July that “digital assets are a key topic on the…

Hong Kong Monetary Authority: Crypto is likely to integrate with the future financial system

Hong Kong Monetary Authority: Crypto is likely to integrate with the future financial system

Hong Kong Monetary Authority recently said that crypto will probably play a central role in the financial systems in the future. Hong Kong Monetary Authority’s (HKMA) CEO Eddie Yue recently said that cryptocurrencies are likely to play a central role in the financial systems in the future, despite the recent problems in the sector. Yue spoke during…

Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies

Harvard Professor Rogoff: Central Banks, Governments Are ‘Way Behind the Curve’ in Regulating Cryptocurrencies

Harvard Professor of Economics and former chief economist at the International Monetary Fund (IMF) Kenneth Rogoff says central banks and governments are “way behind the curve” in regulating cryptocurrencies. He added that officials throw out the idea of having central bank digital currencies (CBDCs) “to distract the conversation.” Harvard’s Professor on Cryptocurrency Regulation American economist…

Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership

Bitcoin.com Simplifies Cryptocurrency Payments, Enhances Data Sovereignty With Unstoppable Domains Partnership

In partnership with Unstoppable Domains, Bitcoin.com is making it easier than ever to use cryptocurrency as a payment method. Users of the multichain Bitcoin.com Wallet can now send cryptocurrency to the full range of domains offered by the blockchain-based domain provider. This means, for example, that people can send bitcoin to a human-readable address like ‘elizabeth.crypto’ rather than to…