🥇 The Future of Cryptocurrency 🥇

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📣 After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system. The Bank for International Settlements (BIS), sometimes referred to as ‘the central bank of central banks’, is out with a new report where it bashes the crypto industry while promoting what it calls “a brighter vision of the future monetary system” through central bank digital currencies (CBDCs). Follow & share 👉 @FutureCryptoBusiness

📣 Visa Launches Bitcoin and Crypto Enabled Cards in Latam Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in partnership with several fintech startups in Latam. These cards will allow users to spend crypto, purchase crypto where Visa cards are accepted for such, and also receive crypto cash back through different fintech partners in the region. Follow & share 👉 @FutureCryptoBusiness

📣 Bitcoin below $20,000, Ethereum slips under $1,000 Bitcoin fell below $20,000 on Saturday, as the sell-off in cryptocurrency markets continued to start the weekend. ETH was also trading below a key level, as prices fell below $1,000 for the first time in over 18 months. Percentage wise, the drop in ETH over the past seven days has been greater than in BTC, with prices here falling by nearly 40% since last Saturday. Follow & share 👉 @FutureCryptoBusiness

📣 Bitcoin of America Continues Rapid Expansion in 2022 Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular BTM operator has continued to rapidly expand in 2022. This year, Bitcoin of America made several updates and improvements to their services, which could have led to their rapid expansion. Bitcoin of America has seen a major increase in their BTM locations. In March, the company had around 1800 locations. To Date, Bitcoin of America has 2500+ Bitcoin ATM locations for customers to buy Bitcoin, Litecoin, Ethereum, Dogecoin, and Shiba Inu. Follow & share 👉 @FutureCryptoBusiness

📣 New Elon Musk Crypto Scam Deepfake Promises 30% Returns On Deposits Tesla CEO Elon Musk continues to be the target of online con artists who are using his image to rob traders of their cash - with a new deepfake video depicting the billionaire entrepreneur making the rounds on Twitter. “Today we are launching an investment project that is working right now if you see this video. Absolutely everyone can earn everything, it’s very simple,” the deepfaked Musk says, promising the scam’s potential victims a 30% return on deposits made in crypto. Follow & share 👉 @FutureCryptoBusiness

📣 US Senator Cruz 'Incredibly Bullish' on Bitcoin — Says 'I Have a Weekly Buy' U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” I gotta say when it comes to bitcoin, when it comes to crypto more generally, I am incredibly bullish. Follow & share 👉 @FutureCryptoBusiness

📣 JPMorgan Sees 'Significant Upside' to Bitcoin — Replaces Real Estate With Crypto as 'Preferred Alternative Asset' JPMorgan sees “significant upside” to the price of bitcoin. The global investment bank’s price target for the cryptocurrency is 28% above its current price. JPMorgan has also replaced real estate with cryptocurrencies as its “preferred alternative asset class along with hedge funds.” The past month’s crypto market correction looks more like capitulation relative to last January/February and going forward we see upside for bitcoin and crypto markets more generally. Follow & share 👉 @FutureCryptoBusiness

📣 Coinbase Becomes First Crypto Company in Fortune 500 Coinbase Global (NASDAQ: COIN) becomes one of the most successful newcomers to Fortune 500 in 2022. According to the fresh 2022 edition of Fortune 500's ratings, the largest U.S.-based cryptocurrency ecosystem, Coinbase Global, is now ranked #437; this makes it the first blockchain and Web3 business to join this elite club. Together with big pharma heavyweight Moderna, Coinbase is among the most successful newcomers to the Fortune 500 in 2022. As per the data shared in the last rating, Coinbase totals $7.8 billion in revenue and $3.6 billion in profit in 2021. Follow & share 👉 @FutureCryptoBusiness

📣 CFTC Chairman Confirms Bitcoin, Ether Are Commodities The chairman of the U.S. Commodity Futures Trading Commission (CFTC) says he is certain bitcoin and ether are commodities. He outlined how his agency is working with the U.S. Securities and Exchange Commission (SEC) to regulate the crypto sector, noting that “there are no customer protections right now in the crypto market.” Follow & share 👉 @FutureCryptoBusiness

📣 The World Economic Forum Is Worried About Safety in the Metaverse The World Economic Forum (WEF), one of the most influential international institutions, has expressed its worries about the safety of metaverse dwellers, especially younger ones. The group has raised a number of concerns regarding the anonymity and safety of young individuals in this upcoming alternate world, and has given a number of recommendations to preserve them. Follow & share 👉 @FutureCryptoBusiness

📣 Crypto Exchange Binance Approved by French Regulator as a Fully Regulated Digital Asset Service Provider Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance is now a fully regulated digital asset service provider in France. Follow & share 👉 @FutureCryptoBusiness

📣 Bitcoin of America Launches New Website and Blog Bitcoin of America has officially launched a newly redesigned website and blog. The popular operator has created an all-new modern design that features their services. Bitcoin of America is a popular virtual currency exchange, registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). Apart from ensuring a fast and hassle-free transaction, they are known for their customer support. The popular operator has made a lot of exciting changes this year. They recently announced their addition of dogecoin to their Bitcoin ATMs. They also have continued their promotion for women in crypto by sending their all-female team to Bitcoin 2022 in Miami for a second time. Bitcoin of America has seen tremendous growth already in 2022. They currently have around 2000 Bitcoin ATMs across the United States. Follow & share 👉 @FutureCryptoBusiness

📣 Banco Galicia Becomes First Bank to Introduce Crypto Trading in Argentina Banco Galicia, one of the largest financial institutions in Argentina, has introduced cryptocurrency trading as part of the services it is currently offering to customers. Users interested in investing in cryptocurrency are already able to purchase four different crypto assets directly from the home banking app of the financial institution, making it reportedly the first bank to offer this possibility to Argentinian customers. Follow & share 👉 @FutureCryptoBusiness

📣 Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers Authorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. Targeted platforms that fail to comply with the new regulations will face fines, among other penalties, including prohibition to carry out their respective activities. Follow & share 👉 @FutureCryptoBusiness

📣 Eurosystem Seeks Providers of Prototype Payment Solutions for Digital Euro Eurozone’s monetary authority, the Eurosystem, is looking to enlist financial companies willing to develop front-end solutions for the digital euro. The plan is to carry out a “prototyping exercise” this year to test transactions to the back-end developed by the regulator. Follow & share 👉 @FutureCryptoBusiness

📣 Switzerland Has 'the Most Profitable Bitcoin Traders' Worldwide, While France 'Is the Best Bitcoin Trading Nation' According to a recent study published by the online investing news and education platform Invezz, Switzerland currently has the most profitable bitcoin traders worldwide. That’s according to data stemming from Chainalysis, Worldometers, and Triple A, which helped Invezz assign each country a score in terms of the most profitable bitcoin trading by country. It is France [that claims] the title of best bitcoin traders. But there must be something in the water in mainland Europe, because their dominance of the top of the table is clear. Follow & share 👉 @FutureCryptoBusiness

📣 Founder of Zimbabwean Fintech Startup: 'Everyone Has a Right to Access Funds and Financial Freedom' Cryptocurrencies have been proven to be a financial tool that can be used to store value or make payments by those excluded from the financial system. Yet, despite this being true in many jurisdictions, many of those that might benefit from cryptocurrencies are still not using them. Everyone has a right to access funds and financial freedom and we can achieve this through bitcoin. Follow & share 👉 @FutureCryptoBusiness

📣 Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. This is occurring against a longer-term increase in such cross-border transactions, bringing to the fore the challenges of applying capital flow measures and sanctions. Follow & share 👉 @FutureCryptoBusiness

📣 Sanctioned Russia, Iran May Turn to Crypto Mining to Monetize Energy, IMF Says Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the war in Ukraine continue to reverberate globally and cryptoization is one of the effects, the IMF says. This is occurring against a longer-term increase in such cross-border transactions, bringing to the fore the challenges of applying capital flow measures and sanctions. Follow & share 👉 @FutureCryptoBusiness

📣 Europe’s Largest Electronics Retailer to Install Bitcoin ATMs Media-Markt, the number one electronics retailer in Europe, has decided to roll out Bitcoin ATMs at twelve of its branches throughout Austria, according to a report by local newspaper Kleine Zeitung. Customers will be able to purchase Bitcoin at Kurant vending machines. Kurant, which was founded as a spin-off of Coinfinity back in 2017, currently operates 200 Bitcoin ATMs in Austria, Spain, Greece, and Germany. Media-Markt started testing such functionality in 2019 at one of its branches in Vienna. It has now decided to expand it due to strong demand. Follow & share 👉 @FutureCryptoBusiness

📣 Russia’s Finance Ministry Wants Crypto to Become ‘Legal Tender’ The Russian Ministry of Finance now “recommends using cryptocurrencies as legal tender” appear to be very wide of the mark. A number of crypto-related media outlets have made the claim that the ministry has pushed for a move that would put tokens on the same footing as the fiat ruble. However, the sources these outlets have used to back their claims do not appear to give any backing to such claims. Follow & share 👉 @FutureCryptoBusiness

📣 Bank of Spain Reminds Public Cryptocurrency Purchases Can Be Blocked in Certain Cases The Spanish central bank, Bank of Spain, has warned users about certain actions banks can take if they detect cryptocurrency purchases. In a post published on its web page, the institution explains that traditional banks have the ability to block these transactions if they suspect there are suspicious circumstances involved, such as those related to identity theft or money laundering. It may happen that the bank has suspicions that identity theft with credential theft is taking place. There are frequent cases of fraud in which there is fraudulent access to the accounts of the clients of an entity after having stolen their passwords from the client, and which end in a transfer to acquire cryptocurrencies. Follow & share 👉 @FutureCryptoBusiness

📣 Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. The central bank is finalising preparations of a business case for [the] establishment of a CBDC in Tanzania and evaluation of crypto assets after recording significant progress. Follow & share 👉 @FutureCryptoBusiness

📣 Mexico's Third Richest Billionaire Warns of Severe Dollar Inflation — Says Buy Bitcoin to 'Save Your Skin' The third-richest billionaire in Mexico, Ricardo Salinas Pliego, has shared his experience of living through hyperinflation. He warned that the U.S. and several other civilized countries are “going exactly the same route” his country went through in the 1980s. Follow & share 👉 @FutureCryptoBusiness

📣 UK Regulator Allows 5 Crypto Firms to Operate With Temporary Registration Britain’s top financial regulator, the Financial Conduct Authority (FCA), has allowed five crypto firms to continue to operate in the U.K. with temporary registration. The deadline for crypto firms to register with the FCA was last week but these five firms’ applications are still pending. Follow & share 👉 @FutureCryptoBusiness

📣 Coinbase Ranks Top Among Crypto Exchanges, ‘Oligopoly’ Seen on Horizon The US-based crypto exchange came in with the top score in CryptoCompare’s latest Exchange Benchmark Report, with a strong team and compliance with regulations making the exchange stand out among its peers. Meanwhile, further industry consolidation is expected, with the possibility of “an oligopoly” forming. Per the report, Coinbase is followed by the major exchanges , , and - and these are the only four exchanges with an ‘AA’ final grade in the ranking of global crypto exchanges. Among the four exchanges, Bitstamp and Gemini both scored significantly higher than others in terms of the “quality/diversity of assets.” Coinbase, meanwhile, scored markedly higher than the others in terms of the team and regulation. Follow & share 👉 @FutureCryptoBusiness

📣 Russian Finance Ministry Amends Bill ‘On Digital Currency,’ Adds Crypto Mining Provisions The Ministry of Finance of the Russian Federation has revised a draft law designed to regulate the country’s crypto space, introducing provisions for cryptocurrency mining. The bill has been resubmitted to the government and may be adopted during the parliament’s spring session. Follow & share 👉 @FutureCryptoBusiness

📣 EU Designates ESMA as Crypto Regulator of the Region in Latest MiCA Draft The Parliament of the EU has designated ESMA, the European Securities and Markets Authority, the top cryptocurrency regulator of the region in the latest draft of MiCA, the Markets in Crypto Assets regulation. The European organization would have the task of licensing crypto-related institutions and exchanges, putting national regulators under its authority. Follow & share 👉 @FutureCryptoBusiness

📣 Mexican Senator Moves to Make Bitcoin Legal Tender Mexican lawmaker Indira Kempis (pictured) plans to propose legislation on a money law in addition to a bill to guarantee financial inclusion and financial education. Bitcoin law, said Samson Mow, formerly of Blockstream and now at a new company he has formed called Jan 3, for January 3 2009 when the bitcoin genesis block was mined. A bitcoin ambassador to nation states, was how Mow was described by David Portnoy of Barstool Sports. Mow is working with Kempis to arrange a meeting with the Mexican president to discuss bitcoin as legal tender, Kempis said. Follow & share 👉 @FutureCryptoBusiness