https://www.youtube.com/watch?v=Z61LbS4Nv8k [/ embed]
Blackrock joins Blockchain, Russia revisits its crypto ban and McDonalds takes an exciting poke for Crypto investors. This is more news this week about crypto.
Heritage management giant, BlackRock, is equipped with an exchange trading that can focus on blockchain technology. The iShares Blockchain and Tech ETF will enable investments in a number of companies involved in “the development, development and implementation of blockchain and crypto technologies. BlackRock currently has over $ 10 trillion under management.
“ Crypto is Happening ” and regulators should be “hyperventilating” because of its escalation, says the former CEO of Goldman Sachs, Lloyd Blankfein. Speaking to CNBC this week, Blankfein explained his view of cryptocurrency changed after looking at the major ecosystems surrounding cryptocurrency over the past few years. Regarding the investment, Blankfein said he would “really want to have a paddle in that water.”
Facebook founder and CEO of Meta, Mark Zuckerberg, appears leaving digital monetization programs due to increasing regulatory pressure. The company will be selling its stablecoin technology at Silicon Valley’s Silvergate Capital for $ 200m. The departure of David Marcus, the Meta power behind both Diem and the Novi fund was the most recent contribution to the project.
After the Bank of Russia last week lifted a comprehensive ban on the use of crypto and mining, President Putin appeared to keep national options open . Speaking at a video conference, he spoke of the “competitive advantages” of crypto mining, referring to the remaining Russian power and what he called “well-trained” mining experts.
Visa has revealed that customers have made $ 2.5 billion payments with their crypto-linked cards in their first 2022 financial year. That number is equal to 70% of the crypto company volume for the entire 2021 financial year. Cards are usually linked to a user’s crypto exchange account and allow him or her to use those funds immediately online and in the store.
International Monetary Fund has urged El Salvador to postpone its decision to make bitcoin a legal tender, by emphasizing the risks of financial stability associated with bitcoin. However, El Salvadoran President Bukele shows no signs of retreat, disputing the warning with a humorous tweet depicting the IMF as Homer Simpson demanding attention while being ignored.
Concerns about quantum computing – emerging technologies that are considered strong enough to threaten the security of the Bitcoin network, appear to exaggerate . In a recent study, the University of Sussex in the UK found that quantum computers would need to be a million times larger than today to break the algorithm that protects Bitcoin.
McDonalds took to Twitter to play for fun by asking how crypto investors were coping with the recent fall in price, playing with the long-running joke that when prices fall, investors turn to getting a job at McDonalds. MicroStrategy’s Michael Saylor responded by posting a picture of himself wearing a McDonald’s hat while Gemini official Tyler Winklevoss tweeted about buying “Big McDip.”
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That’s what happened this week on crypto, we’ll see about it next week.
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