18M Americans used or owned crypto last year: Fed survey estimates
Just 1% of United States adults reported using crypto for payment or to send money in 2023.
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The investigation centers around Ronaldinho's company '18kRonaldinho', which promised clients daily profits of over 2% through crypto investments. 423 Total views 7 Total shares Brazilian soccer star Ronaldinho Gaúcho could be detained by authorities to testify over a crypto fraud investigation in Brazil. According to local media reports, Ronaldinho failed to appear before the country's…
HSBC needs someone to helm its tokenization efforts
HSBC is looking for a candidate who knows of digital assets, especially asset tokenization and custody, according to a job posting. Own this piece of history Collect this article as an NFTHSBC, the British multinational bank which manages the largest amount of assets in Europe, doubles down its interest in digital currencies. The bank is…
Paxos Now Allows for Instantaneously Redeeming Unlimited Amounts of PAX for USD
The company behind the Paxos Standard (PAX) stablecoin announced that its users can now instantaneously redeem unlimited amounts of its tokens for United States dollars. The development was described in a blog post published on May 13.Per the announcement, every PAX deposited on the company’s platform can now be immediately sent as USD to a…
WSJ: Hundreds of Crypto Projects Show Signs of Plagiarism, Fraud and Improbable Returns
Recent research by the Wall Street Journal published Dec. 27 revealed that hundreds of cryptocurrency offerings showed signs of fraudulent activity, improbable returns and plagiarism.In the course of its research, the WSJ downloaded “white papers” of 3,291 cryptocurrency projects that announced an initial coin offering (ICO) from three websites — ICOBench.com, Tokendata.io and ICORating.com.A white…
What We Know About Yellow Vests’ Bank Run and How Crypto Could Help It
On Jan. 7, activists of the French grassroots political movement the Gilets Jaunes — Yellow Vests — announced a bank run via social media, essentially hoping to meet their goals by destabilizing the local financial system.Dubbed the “Collectors’ Referendum,” the movement’s latest demonstration calls on supporters to withdraw their savings from financial institutions on Saturday,…
‘Is That Still Bitcoin?’ CoinShares CSO Questions Crypto Custody
Bitcoin (BTC) may not benefit from an influx of institutional traders, a senior executive at one of the industry’s best-known businesses warned.Wall Street and Unexchanged BitcoinsSpeaking in an interview on financial news network RealVision on Oct. 18, Meltem Demirors, chief strategy officer at asset manager CoinShares, said Wall Street involvement in Bitcoin was not a…