FTX US rises $400 million in Series A round and is valued at $8 billion
    27 Jan 2022
    80 Views

    Cryptocurrency exchange FTX US has raised $400 million in its first funding round from investors, including Japan’s SoftBank Group Corp and Singapore’s Temasek Holdings, reaching the market value at $8 billion. The investment gives FTX US a valuation of $8 billion, placing it among the world’s most valuable private crypto firms. Investors in the round…

    Bank of America: Stablecoin adoption and the digital dollar are inevitable
    27 Jan 2022
    110 Views

    Bank of America analysts said in a report that a central bank digital currency (CBDC) would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not a commercial bank. Analysts suggest that the United States is moving toward creating its own CBDC. According to a Bloomberg report, Bank…

    IMF urges El Salvador shouldn’t use Bitcoin, citing ‘large risks’
    27 Jan 2022
    82 Views

    The International Monetary Fund (IMF) urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, citing it as a significant obstacle for the nation’s efforts to get a loan from the institution. This follows El Salvador asking the IMF for a $1.3 billion loan last year, but the…