Breaking crypto news from the last week (4 – 10 Sept. 2021): 4 Sept.: Bloomberg’s senior commodity strategist Mike McGlone argues that Bitcoin is gradually becoming a global reserve asset that complements the US dollar. According to a Bloomberg report, digital assets like Bitcoin and Ethereum are on the way to new highs. 5 Sept.:…

Diem, the digital currency and global payment system project of Facebook, seemingly can’t cope with its struggle with financial regulators. The payment project has been facing difficulties with senior legislators in the Biden administration. Despite the whole might of the lobbying power of the social media giant, the project of Facebook stablecoin hasn’t been able…

French professional soccer club Paris Saint-Germain (PSG) has announced a new three-year deal that will see digital asset trading platform Crypto.com become the club’s first official crypto platform partner. French outlet L’Equipe via Get French Football News report that PSG will receive €25 million – €30 million over a three-year contract. Negotiations had begun with…

Cryptocurrencies, “the digital age money”, are commonly associated with the most advanced technologies and other features of a modern developed country. However, the reality of their mass adoption indicates quite the opposite: crypto is mostly in demand in poor countries with weak economies. Other countries in the Chainalysis ranking – Kenya, Nigeria, Venezuela, Togo, and…