Bank of America CEO: We Have Hundreds of Blockchain Patents — But Regulation Won’t Allow Us to Engage in Crypto

Post Views: 110 The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said. Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo…

Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’

Post Views: 84 India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that “There has to be a broad framework on which all economies have to be together.” Indian Economic Affairs…

Turkey Drafting Crypto Bill to Submit to Parliament in Coming Weeks: Report

Post Views: 106 Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The bill may also impose taxes on some crypto transactions. Turkey is drafting a bill to establish new rules for the crypto industry, Bloomberg reported last week, citing two unnamed Turkish officials familiar with the matter. According…

Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low

Post Views: 96 After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the…

Undervalued Metaverse Project Mars4 Is Preparing for New Releases

Post Views: 165 What exactly is Mars4? The Future of Mars4 The Mars Control Center, which is expected to launch at the end of June this year, is another major release. Players can access their owned NFTs, trade and manage assets, check their revenue and leaderboards, and get earnings on MCC, which provides a variety…

While the New LUNA Records Gains, Do Kwon’s Terraform Labs Is Plagued by Controversy and Accusations

Post Views: 98 It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy…

Report: Latam Countries Are Among the Most Enthusiastic About the Metaverse

Post Views: 103 A new survey has found people’s opinion of the metaverse in emerging countries is significantly more positive than in their developed counterparts. The study, carried out by Ipsos for the World Economic Forum (WEF), also shows that Latam countries are among the most enthusiastic about the future of the metaverse and its…

The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets

Post Views: 82 Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of…

Survey: Most Salvadorans Still Not Convinced About Bitcoin as Legal Tender

Post Views: 108 A survey conducted recently by the Center for Citizen Studies of the Francisco Gavidia University, a private institution in El Salvador, has found that more than half of the Salvadorans surveyed still prefer the dollar over bitcoin as legal tender. Bitcoin, which has been pushed by Salvadoran president Nayib Bukele, has in…