Block didn’t incur any impairment loss on its Bitcoin holdings, and Bitcoin revenue contributed as much as 43% of its total revenue.
Tether Is Going on a Bitcoin Buying Spree, but It Should Be Holding Cash
The USDT issuer Tether says it holds a lot of U.S. Treasuries and made a lot of money last quarter.
Tim Draper recommends founders hold ‘at least’ two payrolls ‘worth of cash’ in crypto
American venture capital investor Tim Draper warned business founders to prepare for “more and more” bank failures if the government continues to “print money and whipsaw interest rates.”
Nigeria CBDC adoption spikes as fiat currency shortage grip the nation
The acute cash shortage in Nigeria was due to the central bank’s decision to replace older bank notes with bigger denominations amid rising inflation.
Crypto’s Banking Problem Is Not Ironic
Going cashless: Norway’s digital currency project raises privacy questions
At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.
Bitcoin ‘bear flag’ breakdown targets $15K as US dollar hits 20-year high
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.
Critic of Bitcoin’s ‘one-percenters’ still positive about future of digital assets
A financial professor is skeptical about Bitcoin’s design but is still very much involved in crypto research and is bullish about the future of digital assets.
Official explains why China CBDC should not be as anonymous as cash
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said.
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling.
Fitting the bill: US Congress eyes e-cash as an alternative to CBDC
From fiat banknotes to fractional reserve banking, the notion of what constitutes money in the U.S. has changed over time. But is the time right for e-cash?
Bitcoin Lightning Network goes live on Cash App
Cash App mentions that the Lightning Network feature is not available to users located in New York.
Moneygram buys 4% stake in crypto ATM operator Coinme
The investment follows a May 2021 partnership between the two firms aimed at expanding access to crypto-fiat exchanges.
Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
The Bank of Russia remains skeptical on crypto despite the Russian president viewing it as a potential unit of account.
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Agricultural Bank of China previously debuted digital yuan ATMs this January.
Crypto is the next step toward a cashless society
It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption.
State-backed digital currencies can disrupt financial systems: Report
While CBDCs could help central banks address the decline in cash payments, some risk factors remain.
Digital euro could take four years, says ECB president Christine Lagarde
The ECB will decide whether to proceed with digital euro pilots by mid-2021, Lagarde said.
Russians Withdrew a Year’s Worth of Cash in a Month Over Coronavirus Fears
Russians have been withdrawing vast amounts of cash after President Putin announces new coronavirus measures.
Crypto Long & Short: The Battle of the Yields
What does the current crisis mean for the value of actual cash, and how does it stack up to assets like bitcoin and gold?