How To Invest in Cryptocurrencies.
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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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The metaverse crack
The European Union throws a thousand-dollar party in the Metaverse and nobody was At least 400 thousand dollars would have been allocated by the European Union to organize a party in the Metaverse attended by only six people. The European Union organized a party in the metaverse for 24 hours, worth 400 thousand dollars and…
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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…
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Grayscale’s GBTC: what it is and how it works
Grayscale Investments is the financial product of Stamford which has been operating in the sector of investments in digital currencies since September 2013. The Connecticut-based (but New York-based) asset manager quickly became the largest cryptocurrency fund in the world with the launch of Grayscale ‘s GBTC , officially known as the Grayscale Bitcoin Trust. Not only. The company achieved another first when it…
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Cryptocurrency crisis opportunity for Goldman Sachs, a bank ready to buy
The deep crisis that the cryptocurrency sector is going through could be an opportunity for Goldman Sachs. The American investment bank has plans to invest in several crypto companies through acquisition or simple participation. This was stated in an interview with the press by Mathew McDermott, head of digital assets at Goldman. “We see some really interesting opportunities,…
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