Category: Crypto News
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PayPal to Expand Cryptocurrency Service to Luxembourg
Payment giant PayPal has expanded the cryptocurrency service to Luxembourg. What would be his first foray into the European Union. PayPal will expand its cryptocurrency service to Luxembourg “in the coming days.” This was stated by the payment company on Wednesday, in what may be its first foray into the European Union. Luxembourg, which is home to PayPal’s EU…
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Kevin O’Leary: “The FTX deal was a bad investment”
Canadian businessman Kevin O’Leary revealed that the agreement made with FTX was a bad investment. We explain why! Shark Tank impresario and CNBC contributor Terence Thomas Kevin O’Leary, better known as “Mr. Wonderful’, has said that he lost his $15 million payment from FTX. To recall, Kevin O’Leary and other celebrities, such as Tom Brady and…
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According to a survey, only 8% of Americans have a positive view of cryptocurrencies
A CNBC survey found that only 8% of Americans have a positive opinion of cryptocurrencies. A poll by the news outlet CNBC in late November showed that only 8% of Americans have a favorable view of cryptocurrencies. This represents a significant decrease from the 19% positive outlook recorded in March. The CNBC poll was conducted between November 26…
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Bank of Russia Wants to Ban Miners from Selling Crypto to Russians
The Russian central bank continues to maintain an extremely negative stance against cryptocurrencies. Thus proposing to prohibit local miners from selling coins to the local population. The Bank of Russia has supported the idea of legalizing cryptocurrency mining in Russia as part of a bill introduced in mid-November 2022. However, the Russian central bank wants to…
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Summons Issued to 3AC Board as Terraform Dump Controversy Grows
A federal judge overseeing the bankruptcy proceedings of Three Arrows Capital (3AC) has signed an order approving the summons to former 3AC leaders. Including co-founders Su Zhu and Kyle Davies. The subpoena requires the founders to turn over any “recorded information, including books, documents, records, and papers” in their custody related to the property or financial affairs of…
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Volkswagen becomes the first automaker in Mexico to use the Metaverse for its sales
In the Volkswagen Metaverse, customers were introduced to the world of the brand in a fully digital atmosphere. They were also able to access the company’s platforms, such as its YouTube channel and the Virtual Studio. The automotive company, Volkswagen Mexico, opted for the Metaverse as a tool in its sales process and to offer new…
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British cryptocurrency bill will restrict services from abroad
Despite the Conservative Party’s rhetorical support for cryptocurrencies under new Prime Minister Rishi Sunak, the upcoming regulatory framework will tighten control over the sector. The updated legislation will expand the powers of the financial regulator and likely limit the operations of foreign companies in the UK. According to a Financial Times note , the collapse of FTX has…
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Telefónica foresees a boom in the Metaverse until after 2028
The Chief Digital Officer (CDO) of Telefónica, José María Alonso Cebrián, foresees that the Metaverse will take off from 2028 and from 2022 to that year its adoption will advance. From concept to development. Telefónica has been working on its expansion towards Web 3.0 for months. At the end of September, he announces his new alliances at his “Metaverse…
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Michael Saylor on the FTX fiasco: Unethical and illegal from the start
In a recent interview , Michael Saylor, CEO of MicroStrategy and a big Bitcoin advocate, shared his perspective on the fall of the FTX empire. Saylor said that for years there has been a low-grade “simmering guerrilla war” between the BTC community versus the cryptocurrency community over industry practices. Such as, what he repeatedly calls, “shitcoinery.” From Saylor’s…
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Goldman Sachs Considering Buying Crypto Companies Despite FTX Collapse
The Goldman Sachs board would be considering buying crypto companies despite the collapse of FTX, seeing it as an opportunity. In an interview with Reuters, Mathew McDermott, a director at Goldman Sachs, said that the big banks would be seeing opportunities in the digital asset sector. Well, the collapse of the FTX has highlighted the need for more…
