Crypto News Cast 📮 30-01-2022
Welcome to The Crypto News Cast: A Complete Cryptocurrency News letter For Today
24hours Cryptocurrency Market Cap:
📈MarketCap: $1716 B
📊24h Mcap %: 0.67%
⚠️Bitcoin Dom: 41.70%
📌Active Coins: 4513
📍24h Vol %: -5.60%
💲24h Vol: $52 B
Crypto News Updates :
- American Express Considers Crypto As Asset Class, Not Near-Term Business Threat
- In Q1, $2.5 Billion Was Spent On Cryptocurrency Credit Cards
- WisdomTree Investments Is Releasing A Retail Cryptocurrency App
- In January, NFT Trading Monthly Volume Hits All-Time High Of $6Billion
- Meta Travels To Brazil To Register Trademarks For Bitcoin And Cryptocurrency Services
- According To SkyBridge Capital’s Founder, Bitcoin Will Hit $500k In Five Years
- Survey Shows, The Number Of Banks Offering Crypto Services Would Double By 2022
- L1 Digital, Crypto Investment Firm Receives Approval For Collective Crypto Investments By FINMA
- UAE Based Bank CEO Says Blockchain And Cryptocurrency Is For Long Haul
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– American Express Considers Crypto As Asset Class, Not Near-Term Business Threat
During the company’s Q4 earnings call on Tuesday, Steve Squeri, chairman and CEO of American Express (Amex), answered several concerns about bitcoin. Squeri claims that when it comes to cryptocurrencies, we consider the full range of digital currencies. Then he goes on to say that at this time, they see cryptocurrencies as more of an asset class. But, for the time being, they don’t believe it poses an immediate or medium-term threat to the company. Read Full on Bitcoin News.
– In Q1, $2.5 Billion Was Spent On Cryptocurrency Credit Cards
Visa said in an earnings call on Thursday that its crypto-linked cards were used to make $2.5B in payments in the first fiscal quarter of 2022. This represents more than 70% of total crypto-card volume in fiscal 2021, indicating a growing acceptance of digital asset payments. In an interview with CNBC, Visa CFO Vasant Prabhu expressed excitement about the development. Only $1B was spent in bitcoin using Visa cards in the first half of 2021. Read Full on Decrypt.
– WisdomTree Investments Is Releasing A Retail Cryptocurrency App
WisdomTree Investments is getting ready to create a digital finance app that will let consumers trade cryptocurrencies and other financial instruments. The move, which was announced on Friday, would broaden the asset manager’s horizons by putting a stronger emphasis on retail trading. WisdomTree is the latest example of a typical financial business expanding its crypto offerings. Read Full on coindesk.
– In January, NFT Trading Monthly Volume Hits All-Time High Of $6Billion
According to The Block Data Dashboard, the monthly non-fungible token (NFT) trade volume reached a new high of $6.13 billion in January. The volume of monthly NFTs increased by 129 percent in January compared to December. Much of the rise can be attributed to LookRare, the newest player on the NFT marketplace scene, which has amassed nearly $2 billion in volume since its January 10 inception. Read Full on theblockcrypto.
– Meta Travels To Brazil To Register Trademarks For Bitcoin And Cryptocurrency Services
Meta, the world’s largest social media platform, has applied for a trademark in Brazil to design, develop, and provide hardware and software for a variety of Bitcoin (BTC) and crypto-related services. Meta accelerated this endeavor by registering a trademark for crypto products and services linked to trading, wallets, and exchange platforms with the Brazilian National Institute of Industrial Property (INPI).Read Full on cointelegraph.
– According To SkyBridge Capital’s Founder, Bitcoin Will Hit $500k In Five Years
Long-term Bitcoin investors should not be concerned about the asset’s recent drop, according to Anthony Scaramucci, founder of investment firm SkyBridge Capital. This is due to its higher potential of reaching $500,000 in five years. Scaramucci says that Bitcoin’s underlying worth is dependent on the asset’s increasing network, which will outperform gold in shorter time. According to him, the asset is on its way to becoming an inflation hedge. Read Full on Finbold.
– Survey Shows, The Number Of Banks Offering Crypto Services Would Double By 2022
According to a research published on January 29, 2022 by American Banker, the number of banks that supply crypto products and services is expected to hit over double by the end of 2022. This is based on forecasts from 153 senior banking executives from regional and worldwide financial institutions. According to the findings of the poll, 44% of banks executives expect to provide some form of crypto help to consumers by the end of the year. Read Full on Finbold.
– L1 Digital, Crypto Investment Firm Receives Approval For Collective Crypto Investments By FINMA
L1 Digital, a Swiss digital asset investment firm, has been granted permission to administer collective investment vehicles by the Swiss financial regulator FINMA. Collective investment vehicles involves investors pooling their money to invest in funds, rather than buying securities directly. In this context, L1 acts as an enabler for institutions to access liquid investments in crypto.Read Full on coindesk.
– UAE Based Bank CEO Says Blockchain And Cryptocurrency Is For Long Haul
Varouj Nerguizian, the CEO of Bank of Sharjah, has stated that blockchain and cryptocurrencies will not go away, but will likely become a big element of the banking system. Banks can only truly profit from technology if they use non-public or enterprise blockchains, according to Nerguizian. The CEO also discussed how the blockchain may be a double-edged sword for financial institutions striving to adapt to the post-pandemic environment. Read Full on Bitcoin News.
