Stablecoins account for 90% of crypto use in Brazil — Central bank chief
Galipolo also highlighted the regulatory and oversight challenges presented by the widespread use of stablecoins in payments.
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HSBC Is First Bank to Finance Transaction Via Hyperledger on We.trade
Multinational banking giant HSBC has reportedly become the first bank to complete financing transaction on European blockchain trade platform we.trade.Since we.trade started the project back in 2017, HSBC recently financed a transaction on the platform within a second round of pilots that started in June 2019, economics magazine Global Trade Review (GTR) reported on Aug.…

Harvard Economist: Bitcoin’s Future Value More Likely to Be $100 Than $100K
The former chief economist of the International Monetary Fund (IMF) has characterized Bitcoin (BTC) as “a lottery ticket,” in an article for major United Kingdom daily broadsheet The Guardian Dec. 10.Writing in the midst of the recent crypto market price collapse, current Harvard University Professor of Economics and Public Policy Kenneth Rogoff suggested that the…

Crypto Markets Trade Sideways After SEC Rejects TON
Saturday, Oct. 12 — following a minor price rally earlier this week, crypto markets are trading sideways as the top-20 coins by market cap report mixed signals.At press time, 8 out of the top 20 cryptocurrencies are seeing gains, with Binance Coin (BNB) surging nearly 2.8%. Chainlink (LINK) is seeing the biggest losses among the…

Coinbase CEO calls on countries to establish Bitcoin reserves
Brian Armstrong has reportedly discussed potential policy issues related to cryptocurrencies with US President-elect Donald Trump.

Crypto investor turns $1,300 into $3.4M in 15 days
A crypto trader turned $1,331 into $3.4 million by investing in Moo Deng, but liquidity concerns and insider suspicions arose.

BREAKING: French President Macron denies inviting Pavel Durov to France
Macron has faced widespread and international backlash for the arrest of the Telegram founder

OKEx at Davos: Blockchain Best Placed to Meet the Needs of the Unbanked
Major cryptocurrency exchange OKEx is at the 50th World Economic Forum Annual Meeting in Davos this week, promoting blockchain technology as a new motor for the global financial system.Two presentations — delivered by the OKEx Financial Markets Director Lennix Lai on Jan. 22 at the Russia House 2020 and EmTech Investment Meeting 2020 — focused…

McDonald’s Instagram hackers make $700K shilling Grimace memecoin
Scammers hacked the official McDonald’s Instagram account to promote a sham memecoin based on the fast food giant’s mascot Grimace.