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Weekly overview

Bank of Russia backs cross-border crypto payments vs. domestic trade

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said. Russia’s central bank governor Elvira…

Continue ReadingBank of Russia backs cross-border crypto payments vs. domestic trade

Ethereum sell-off resumes with ETH price risking another 25% decline in June

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Ether price is forming a bear pennant pattern whose profit target comes to be near $850. Ethereum's native token Ether (ETH) slumped on June 16, suggesting that its relief rally,…

Continue ReadingEthereum sell-off resumes with ETH price risking another 25% decline in June

Circle launches euro-backed stablecoin EUROC

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Demand for stablecoins continues to rise as businesses look to on-chain liquidity to improve their operations. USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to…

Continue ReadingCircle launches euro-backed stablecoin EUROC

Huobi to permanently shut crypto operations in Thailand

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Huobi Thailand failed to fix system issues despite several extensions given by the Thai SEC. After its operating license was revoked by the Thai Securities and Exchanges Commission (SEC), Huobi’s…

Continue ReadingHuobi to permanently shut crypto operations in Thailand

Kazakhstan to let crypto exchanges open bank accounts

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Exchange platforms will get an opportunity to operate legally in the Astana International Finance Center in 2022. In addition to its swift advances toward regulating crypto mining, Kazakhstan will launch…

Continue ReadingKazakhstan to let crypto exchanges open bank accounts

‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

Crypto winters are actually good for Bitcoin, say experts, as some pivotal BTC projects like the Lightning Network were born during bear markets. Bitcoin and the overall cryptocurrency market have been…

Continue Reading‘Builders rejoice’: Experts on why bear markets are good for Bitcoin

Metaverse could be worth $5 trillion by 2030: McKinsey report

  • Post author:admin
  • Post published:June 17, 2022
  • Post category:Weekly overview

A new report from global consulting firm McKinsey found that the Metaverse could be worth $5 trillion by 2030. Global spending in the Metaverse could reach $5 trillion by 2030,…

Continue ReadingMetaverse could be worth $5 trillion by 2030: McKinsey report
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