Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges. The investment banking giant’s report is titled “Cryptocurrency 201: What Is Ethereum?” and it provides a detailed rundown of the ecosystem along with its advantages and disadvantages in relation to Bitcoin (BTC). “Due in…
Several U.S. lawmakers have introduced a bill to mitigate the risks from El Salvador adopting bitcoin as legal tender. “El Salvador recognizing bitcoin as official currency opens the door for money laundering cartels and undermines U.S. interests,” said a U.S. senator. US Concerned About Risks From El Salvador’s Bitcoin Law The U.S. Senate Committee on Foreign Relations announced Wednesday that…
Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being. A report titled The State of Consumer Banking & Payments by Morning Consult in January found that Millennials are adopting new technologies to help them make financial decisions at a higher rate than any other generation. The…
Marina Picasso, granddaughter of famous painter and sculptor Pablo Picasso, issued a statement on YouTube today in response to her and her adopted son Florian’s Ethereum NFT collection after a family disagreement went public. In the video, she expressed support for NFT technology and shared that her uncle, Claude Picasso, now endorses the project. Going forward, Marina said that she…
The following article will provide a layman’s guide to the key concepts surrounding bitcoin and its essential value proposition. It will endeavor to supply the reader with a concise explanation as to its impact and relevance to their lives, bestowing them with a concrete understanding as to why bitcoin is the best medium for preserving and securing their wealth, value,…
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, wishes crypto would be banned immediately. He says the government made “a huge mistake” to allow cryptocurrencies, like bitcoin. “It’s like a venereal disease,” he opined. Charlie Munger Says ‘It Was a Huge Mistake’ to Allow Crypto at All Charlie Munger, Warren Buffett’s right-hand man and longtime business partner, talked…
Bitcoin (BTC) and altcoins dropped further on Feb. 17 after the situation in Ukraine worsened and Russia expelled Bart Gorman, the United States Deputy Chief of Diplomatic Mission, from the country after President Biden reiterated that the threat of a Ukraine invasion by Russia was “very high.” Data from Cointelegraph Markets Pro and TradingView shows that the afternoon resurgence in sell-side pressure…
Actor and producer Reese Witherspoon, through her production company Hello Sunshine, has optioned hit books like Wild, Gone Girl, Big Little Lies, and Little Fires Everywhere and turned them into hit movies and TV shows. Now she’s ready to do the same with her favorite NFT collection. Through a new deal announced on Thursday, Hello Sunshine will develop feature films…
Is it actually possible for individual U.S. states to establish bitcoin as legal tender currency? Arizona State Senator Wndry Rogers seems to think so, based on the submission (SB 1341) she crafted and introduced late last month, aiming to establish bitcoin as legal tender in the State of Arizona. Meanwhile Texas Governor Candidate Don Huffines has promised to recognize bitcoin…
Russian authorities recently announced that they aim to ban bitcoin (and cryptocurrencies), only to later backtrack with the message that the industry is going to be strictly regulated instead. Curiously, some prominent Bitcoiners have cheered this development, namely the provision of making bitcoin a recognised currency under Russian law. But as I’ll explain in this piece, there is nothing to…
