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MetLife States Central Bank Digital Currencies Aren’t A Fad

Investment management firm MetLife has stated that CBDCs will continue gaining mainstream adoption, although a “launch among Western countries seems unlikely to occur anytime soon.” MetLife Investment Management (MIM) founded in 1868 has released a macro strategy presser outlining its forthcoming role of blockchain-based assets, specifically central bank digital currencies (CBDCs). MetLife states that CBDCs… Read More

Anchorage Obtains First Federal License To Operate As Crypto Bank

The U.S. Office of the Comptroller of the Currency (OCC) has given approval to crypto custodian Anchorage to receive a national trust charter making it the first digital asset bank in the country. The OCC said in a statement on Jan. 13th, 2021, that Anchorage had received the national trust banking charter, which allows the… Read More

ECB’s Christine Lagarde States ‘Speculative’ Bitcoin Needs Global Regulation

European Central Bank (ECB) President Christine Lagarde has stated that Bitcoin is “highly speculative” and needs to be regulated. Speaking at the Reuters Next conference on Wednesday, Lagarde said Bitcoin has conducted “some funny business and some interesting and totally reprehensible money laundering activity.” “And there has to be regulations and this has to be… Read More

UK Financial Regulator Warns Crypto Investors Can “Lose All Their Money” In Defi

The U.K.’s Financial Conduct Authority (FCA) has warned that investments and lending products related to crypto come with “very high risks,” CNBC reported. The FCA has issued previous warnings in the past but the latest comes after Bitcoin reached new highs of over $42,000 last week. The digital asset has since crashed to $33,000 after… Read More

CNBC’s Jim Cramer States He Won’t Buy Bitcoin Above $20K Following 20% Correction

“This is no different than an entirely erratic stock,” Cramer stated on a recent CNBC interview with The Street. The host of CNBC’s Mad Money, Jim Cramer, told The Street he is still “playing with the house’s money” after selling off some of his crypto before the recent price crash. In an interview with TheStreet,… Read More

Dan Larimer Leaves EOS And The Crypto Plunges 30%

Dan Larimer has left his third project in under 10 years, recently announcing that he is leaving EOS’s block.one as their Chief Technology Officer resulting in the cryptocurrency plunging 30%. Larimer announced his departure from EOS on Block.one’s social network Voice. Larimer the CTO of EOSIO developers block.one and founder of early crypto exchange Bitshares… Read More

Pension Funds Buying Bitcoin Driving Massive Growth, According To Grayscale

Grayscale CEO Michael Sonnenshein has stated pension funds are driving  Grayscale’s massive growth. Grayscale’s newly-named CEO Michael Sonnenshein told Bloomberg on Thursday that pension funds and endowments are investing actively into Grayscale’s funds, i.e., GBTC. Sonnenshein stated: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from,… Read More

Coinbase And PayPal Invest Into TaxBit Cryptocurrency Tax Software

PayPal and Coinbase’s venture arms have backed cryptocurrency tax automation software, TaxBit, for the purpose of crypto taxation. Reuters reported, the investment expressing that the money will be used to grow the team and expand the business, said Austin Woodward, the company’s chief executive, and founder. “Going international is a huge piece of the puzzle,”… Read More

Bitcoin Market Cap Crosses $650 Billion As Total Crypto Market Hits $1 Trillion

Bitcoin has broken $650 billion dollars in total market cap evaluation at the same time that the total crypto market cap has crossed the $1 trillion dollar mark. Anthony Pompliano, noted the new record set by Bitcoin’s market cap as its value topped the $650 billion mark for the first time in Bitcoin’s entire history. … Read More

Ethereum Becomes Top 100 of World’s Largest Assets

Ethereum’s rapid price increase over the last few weeks has pushed it into the top 100 assets in the world. Ethereum (ETH) has joined Bitcoin (BTC) in the top 100 of the biggest assets by market capitalization. It’s currently ranked 97, according to analytics platform CompaniesMarketCap. The platform tracks the market capitalization of various assets… Read More

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