A senior commodities analyst at Bloomberg’s analytics arm said that adoption and demand for bitcoin is on the rise. Mike McGlone is convinced that every market signal indicates that the value of bitcoin is growing. The expert compared the current fall in cryptocurrency quotes with the fall of the NASDAQ index in 2002 and subsequent stable growth over a long period of time. The analyst argues that Bitcoin will benefit from a “new chapter in

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

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

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

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,

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

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

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

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

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