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Changpeng Zhao, the chief executive officer of Binance, the world’s biggest crypto exchange, said in a talk at Davos that the industry now needs to focus on the evolution and promise of blockchain technology itself. The World Economic Forum’s Head of Blockchain and Digital Assets Brynly Llyr shared similar views, especially
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Japan’s new regulations allowing investors to trade using stablecoins like Tether (USDT) are expected to be adopted no later than in June 2023, according to a local financial authority.The Financial Services Agency (FSA) of Japan is working on lifting the ban on the domestic distribution of stablecoins, planning to allow
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The recent risk revival in traditional markets and cryptocurrencies may not sustain as the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said. Source
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Jamie Dimon believes that if the United States ends up in a recession, the Fed might end up raising rate hikes as high as 6%.During his latest interview with CNBC, JPMorgan chief Jamie Dimon shared his views on the current economic outlook while adding that he expects the interest rates to
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The broker expects on-chain revenue to grow to about half of total cryptocurrency revenue from around 15% today. Source
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The cryptocurrency industry will see increased consolidation in 2023 as healthier companies acquire more crypto and blockchain companies, according to a senior executive at Ripple.Sendi Young, Ripple’s managing director for Europe, took to Twitter on Jan. 9 to share a set of industry predictions for 2023, expressing confidence about crypto
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The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cramer urges investors to “get out” of crypto now. Jim Cramer’s Latest Crypto Warnings The host
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says inflation has peaked in the U.S. but there will be another inflation spike. He expects the U.S. economy to be in a recession “by any definition.” Michael Burry’s 2023 Economic Predictions Famous investor and founder of investment firm Scion
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The United States economy could be in for an upset. Data from a Wall Street Journal survey revealed financial experts expect the country to face an economic downturn this year.Over two-thirds of economists at 23 major financial institutions that do business with the Federal Reserve believe the U.S. will have
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Cryptocurrency mining giant Canaan continues to generate significant revenues from crypto operations despite the ongoing crypto mining crisis.Canaan’s total revenue for the first nine months of 2022 was roughly 4 billion Chinese yuan (RMB), or about $573 million, a spokesperson for Canaan told Cryptox. As the firm expects to generate
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