Author: Brayden Lindrea

Retail CBDCs bring unknown ‘consequences’ to financial system: IMF director

CoinTelegraph

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in Read More

MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit

CoinTelegraph

Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020.  The Michael Saylor-founded firm went back into the green in the first quarter of 2023 with a profit Read More

Hong Kong security regulator to issue crypto license guidelines in May

CoinTelegraph

The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The plans were reported by Bloomberg on April 27, which cited comments from the SFC’s chief executive Julia Leung on Thursday. The Read More

Apple’s outside payments ban upheld as unlawful in likely win for NFTs and crypto

CoinTelegraph

A California court ruled Apple violated state competition laws by barring app developers from using alternative in-app payment methods apart from its own that included a 30% commission. The decision may clear the path for cryptocurrency and nonfungible token (NFT) Read More

Over half of Americans fear ‘major impact’ by AI on workers: Survey

CoinTelegraph

More respondents said AI will “hurt” American workers more than it will “help” them over the next 20 years. Nearly two-thirds (62%) of Americans think implementing artificial intelligence (AI) in the workplace will have a “major impact” on American workers Read More

‘Worst code I’ve ever seen’: Euro stablecoin faces centralization criticism

CoinTelegraph

Criticism has been leveled at a new euro-pegged stablecoin released in France due to a decision to restrict peer-to-peer transactions. French bank Societe Generale-Forge (SGF) released the Ethereum-based stablecoin called EUR CoinVertible (EURCV) on April 20 which is available to Read More

Australian crypto scams increased by over 162% with nearly $150M lost

CoinTelegraph

Australians lost $148.3 million (AUD$221.3 million) from investment scams where cryptocurrency was used as the payment method in 2022 — a 162.4% increase from 2021. According to an April 17 scam activity report from the country’s consumer regulator, the Australian Read More

Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

CoinTelegraph

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still Read More

Institutions ‘extremely interested’ in crypto ETFs, but buying has cooled: Survey

CoinTelegraph

Institutional interest in cryptocurrencies hasn’t budged despite the market being down 60% from the all-time highs (ATH), as a majority of asset managers stated they’re “extremely interested” in crypto themed-Exchange Traded Funds (ETFs). On April 3, financial services firm Brown Read More

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

CoinTelegraph

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools Read More

Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend

CoinTelegraph

Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the city continues efforts to become a cryptocurrency hub.  Set to take effect in June, the Hong Kong Securities and Futures Commission (SFC) Read More