cryptocurrencies
FinanceMidlands Accountants Discuss the Brutal Truth About Cryptocurrencies
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Why Buy Now, Pay Later and Cryptocurrency Must Be in the Payments Playbook
Date: April 12, 2022
By Keith Ash, SVP of SRM (Strategic Resource Management) Consumer payment behaviors are in flux, in no small part due to a variety of emerging options. Financial institutions need to recognize these newfound preferences to avoid the risk of customer attrition. While adopting different payment platforms such as Buy Now, Pay Later (BNPL) and cryptocurrency...
Cryptoverse: 10 Billion Reasons Bitcoin Could Become a Reserve Currency
Date: April 12, 2022
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up...
Elon Musk Drops Plans to Join Twitter Board, Deletes Weekend Tweets
Date: April 11, 2022
By Abinaya V and Nivedita Balu (Reuters) -Elon Musk rejected Twitter Inc’s offer to join its board, an abrupt turn even as he suggested ideas in a barrage of tweets ranging from removing advertisements to dropping the letter “w” in the social media company’s name. The board held many discussions with Musk, Twitter Chief Executive...
Euro Boosted by French Election, Dollar Near Two-Year Highs
Date: April 11, 2022
By Karen Brettell NEW YORK (Reuters) – The dollar held just below two-year highs against a basket of currencies on Monday as it continued to be supported by higher U.S. Treasury yields, while the euro rallied after French leader Emmanuel Macron beat far-right challenger Marine Le Pen in the country’s first round of presidential voting....
EU Targets Crypto Wallets in Latest Round of Russia Sanctions
Date: April 8, 2022
By Huw Jones LONDON (Reuters) – The European Union on Friday targeted crypto wallets, banks, currencies and trusts in its fifth package of sanctions on Russia in a bid to close potential loopholes which could allow Russians to move money abroad. Following Russia’s invasion of Ukraine on Feb. 24, EU-based crypto exchanges were already required...
Millennials, Gen Z Seek Better Investing Experience via Blockchain
Date: March 30, 2022
By Joe Jowett, Co-Founder and CEO of trading platform StrikeX Traditional financial institutions don’t just have legacy systems and infrastructure to contend with, they have a legacy of financial disasters that have impacted the lives of millennials and Gen Z, fuelling an appetite for alternative financial service providers, including investment solutions built on blockchain technology....