Xinhua News Agency’s affiliate newspaper, Economic Information Daily, Thursday published an op-ed suggesting measures for the further adoption of the digital yuan.
Author: joyabia
joyabia
Joy Abia contributed to Blockchain Journal during 2022, covering topics related to finance, digital assets, and the intersection between traditional financial systems and emerging fintech models. Her reporting focused on explaining financial concepts, market structures, and investment-related developments within the broader crypto and blockchain landscape.
Dogecoin’s co-founder has expressed dissatisfaction with Elon Musk’s decision to buy off Twitter. A multi-billionaire launching an idea to own one of the most popular social media networks is not his idea of freedom.
Kevin O’Leary has pointed out to stakeholders, financial and economic regulatory bodies that if they chose to embrace regulation for a fast-growing asset like stablecoins which are backed by the US dollar, it will translate into riches for the economy in the coming years.
Japanese gaming developer and publishing company, Bandai Namco, just announced that it is setting up a fund of 1 billion yen, approximately $7.9 million in 1 year, and 3 billion yen, approximately $23.8 million in 3 years to invest in startup companies in Web3 and metaverse.
CEO of Celsius says that fighting against the US FED is equivalent to buying and holding stocks today and a transition to Bitcoin holding is better. Bitcoin is now beginning to act as a safe hedge against recession and inflation.
In its ongoing securities fraud lawsuit, Ripple Labs was able to win a victory over the SEC. The SEC’s motion to see some records that may or may not be relevant to the prosecution was denied by the judge in the case.
Financial market analysts predict that if the bearish flag pattern on Bitcoin technical charts plays out as calculated, the world’s most valued cryptocurrency could plunge to $26,000.
Epic Games has announced a $2 billion round of funding supported by Sony Group Corporation and The LEGO Group to advance its vision to build the metaverse and continually support its growth in the first stage.
The IMF has published a paper that presents a simple cross-country analysis drawing on recently released survey-based data. The paper explores the correlation of crypto-asset usage with the indicators of corruption, capital controls, a history of high inflation, and other factors. The findings of the analysis show that crypto-asset usage is significantly and positively associated with corruption and capital controls.
Ark Invest has left PayPal and is now focused on the potential of CashApp because they have seen organic growth in the app’s users over time without too much effort, unlike other applications. In this Bitcoin Era, Cathie Wood said she believes that CashApp will be part of the long-term winners.