Day: July 2, 2021

Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments

2021-07-02 By admin

The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant coin in retail payments in […]

Skybridge Capital Launches Ethereum Fund — Ether ETF Filing to Follow

2021-07-02 By admin

Asset management firm Skybridge Capital has launched an ethereum fund, CEO Anthony Scaramucci has confirmed. He added that the asset manager will be filing for an ether exchange-traded fund (ETF). Skybridge Capital CEO Anthony Scaramucci revealed in the latest episode of The Scoop, published Tuesday, that his asset management firm has launched a private ethereum […]

BIS Economist Recommends ‘Technology-Neutral’ Crypto Regulation, Low-Cost Supervision of Decentralized Markets

2021-07-02 By admin

An economist with the Bank of International Settlements has found that cryptocurrencies are not sought as an alternative to fiat currencies or regulated finance, therefore a “technology-neutral regulation to this asset class” is recommended. The economist discussed “embedded supervision,” adding that “The main aim is low-cost supervision of decentralized markets.” BIS Economist Suggests Regulatory Approach […]

US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars

2021-07-02 By admin

U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. […]

Cristiano Amon Takes over as Qualcomm CEO: Reiterates Focus on Custom CPUs

2021-07-02 By admin

As of June 30th, Qualcomm’s Cristiano Amon has taken over as the company’s CEO, replacing his predecessor Steve Mollenkopf, who has now retired. Prior to the appointment, Amon had a long history and tenure at Qualcomm filling engineering roles, and previously filling the role of president of QCT (The company’s semiconductor business). In statements to […]

Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue

2021-07-02 By admin

Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business […]

Bitcoin of America’s Chief Financial Officer Reports Record Company Growth

2021-07-02 By admin

PRESS RELEASE. Bitcoin of America (BOA), a popular virtual currency exchange, is reporting record growth. Bitcoin of America is registered as a money services business with the United States Department of Treasury (FinCEN). Their mission is to provide their customers with a fast and easy transaction process, while securing the best rate in the market. […]

ASUS Launches Zenfone 8 in US: Starting at $599

2021-07-02 By admin

Following the phone’s initial announcement mid-May, this week ASUS has officially launched their new ZenFone 8 in the US starting at a price of $599. The ZenFone 8 is a bit unusual in the market as it is trying to fit itself in the niche of a small flagship device – at least in terms […]