More than 1 out of 3 influencers on TikTok, the go-to social media platform for the young generation, have been found to post misleading videos about Bitcoin (BTC) and cryptocurrency investments in a recent study. TikTok has been widely adopted as a video-based alternative to Google searches. However, some influencers have been found to share unvetted misinformation on the social…
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in the dollar as a reserve currency. Central Bank…
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency Status, Says Bernstein White House…
According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining from $9.1 billion in Q1 2022 to $1.7 billion in Q1 2023. Crunchbase News highlighted the data in an April 20 report, noting that the $1.7 billion figure for Q1 2023 also marks the lowest amount of Web3 start-up funding since the $1.1…
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. Putin and Saudi Crown Prince…
Anja Manuel said U.S. sanctions generally work with “responsible” blockchain firms but not when there are fintech solutions available to individuals looking to … Source: https://cointelegraph.com/public/index.php/news/lack-of-regulatory-clarity-on-payment-solutions-could-undermine-us-sanctions-says-expert
Social media platform Bluesky, which is built on a decentralized protocol and was incubated by Twitter before the Elon Musk era, is starting to capture buzz as the most promising rival to its progenitor. And now, as the beta gradually lets in more and more users, Bluesky is starting to attract prominent NFT creators, artists, builders, and collectors. Over the…
Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet’s recent tether integration, which enables users to transact with the stablecoin as well. Over a Billion Telegram Users Can Now Transfer Bitcoin in Chats On Friday, April 21, the…
Artificial intelligence is hot right now, and crypto scams haven’t slowed a bit. And allegedly, some scammers are mashing them up to deceive and swindle would-be investors, including creating a fake AI-generated CEO to try and dupe people. This week, the California Department of Financial Protection and Innovation (DFPI) announced its latest efforts to protect residents from crypto scams, sending…
We may be in a bear market—though you wouldn’t think so paying attention to the latest meme coin mania. Decentralized crypto exchange Uniswap today experienced its highest transaction count, according to the Uniswap researcher Austin Adams, who quoted data from Dune. Trades on the exchange are up more than 66% from the previous peak, Adams tweeted today. The researcher cited…
