HSBC CEO: “We will not work with cryptocurrencies due to their high volatility”

Cryptocurrency NewsBy 16/09/2022

HSBC CEO Noel Quinn said he has a negative view of cryptocurrencies due to their excessive volatility, so the bank will not offer services related to digital assets. Noel Quinn has been a skeptic about cryptocurrencies before, and in a recent interview, he confirmed his position. Quinn said that as a banking giant, HSBC has no intention of providing crypto-currency services to customers and cooperating with exchanges. He considers digital assets unstable, especially against the…

Mike McGlone expects a bullish trend in the cryptocurrency market after the Ethereum merger

Cryptocurrency NewsBy 15/09/2022

Bloomberg Intelligence stock strategist Mike McGlone noted that the transition of Ethereum to PoS will have a revolutionary impact not only on cryptocurrencies, but on the entire financial system. Mike McGlone, Senior Commodity Analyst at Bloomberg Research, said in an interview that Bitcoin and Ethereum would benefit from any activity in the cryptocurrency market. In his opinion, after the launch of The Merge update, a bullish trend will begin on the crypto market. “The Ethereum…

Raul Pal predicts the growth of the crypto market in the next 12-18 months

Cryptocurrency NewsBy 14/09/2022

Real Vision CEO Raul Pal said that the cryptocurrency markets have bottomed out, so traders should not be afraid of an even bigger drop, but should think about the future. Former Goldman Sachs CEO Raoul Pal believes that recession speculation on social media cannot claim to be true, because people are often focused on the current situation, and cryptocurrencies are about the future. According to Pal, it is likely that inflation will turn negative in…

Sam Bankman-Fried: Many Companies Won’t Survive Ethereum Merger

Cryptocurrency NewsBy 13/09/2022

The CEO of the FTX exchange, before the transition of Ethereum to PoS, noted the promise of this decision and warned of potential inevitable losses for the crypto industry. Sam Bankman-Fried stated that while the merger will be beneficial for Ethereum in the long run, it is reasonable to expect some turbulence when it happens. “In the long term, the merger will significantly speed up and reduce the cost of transaction processing. But the merge,…

JPMorgan to Offer Services to Metaverse Users

Cryptocurrency NewsBy 12/09/2022

Amid the rapid growth and development of Web3, one of the largest US banks hires a manager who promotes products in virtual reality and the crypto industry. JPMorgan posted on LinkedIn a job opening for a Payments Business Development Manager for merchant, banking, and treasury services “in Web3, Crypto, Fintech, and Metaverse.” The bank specifies that the new employee will work in the Department of Banking Technology, Media and Telecommunications Payments on the US West…

75% of UK Asset Managers Plan to Increase Investment in Crypto Assets

Cryptocurrency NewsBy 09/09/2022

A survey by independent investment company HANetf among asset managers in the UK showed that 75% of respondents plan to increase their participation in cryptocurrency projects during the year. Despite the fall in the value of most crypto assets, managers are ready to consider new options for investing in investment crypto products. They believe that the UK has the most favorable regulatory environment for this over the next 12 months. However, asset managers are divided…

British regulator urged citizens not to trust the advice of cryptocurrency influencers

Cryptocurrency NewsBy 08/09/2022

The UK Financial Conduct Authority (FCA) has urged citizens not to trust cryptocurrency influencers, as they will not be able to protect their rights in the event of a loss of invested funds. The regulator explained that many influencers with large followings on YouTube and TikTok are trying to use the economic crisis for their own ends. They promote various trading trainings and offer to invest in foreign currencies or crypto assets, convincing people that…

Europol: Cryptocurrencies can help fight crime

Cryptocurrency NewsBy 07/09/2022

The European Union Police Service identified the main problems associated with the wider adoption of cryptocurrencies and proposed a solution. At the Global Conference on Criminal Finance and Cryptocurrencies in The Hague, organized by Europol with the support of the Basel Governance Institute and with the participation of European crypto-currency specialists and investigators in the field of financial crimes, the main thesis was: “Cryptocurrencies are the key to fighting organized crime.” Europol representatives announced that…

China to Accelerate Implementation of Smart Contracts Based on Digital Yuan

Cryptocurrency NewsBy 06/09/2022

Based on the results of the use of smart contracts with e-CNY in government and commercial projects, the Central Bank of China has come to a decision on the wide integration of the digital yuan into the country’s economy. Mu Changchun, head of the Digital Currency Institute of the People’s Bank of China (PBOC), said the regulator plans to roll out more smart contracts for the digital yuan (e-CNY) as more applications for the national…

FIFA Launches NFT Platform on Algorand Blockchain

Cryptocurrency NewsBy 05/09/2022

The International Football Federation (FIFA) has announced that it will launch the NFT FIFA+ Collect platform on the Algorand blockchain in late September ahead of the November FIFA World Cup. Football fans will have the opportunity to purchase unique digital collectibles at an affordable price. Thus, NFTs of iconic FIFA World Cup and FIFA Womens moments, as well as works of art inspired by the events of the championships, will be offered to the attention…

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