By Kevin Helms Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a storeContinue Reading

By José Oramas The widespread adoption of cryptocurrencies continues. Today, Hong Kong-based Crypto.com has announced a partnership with Visa, including a principal membership in Visa’s network in Australia. Per the blog post, the crypto exchange is planning to accelerate the adoption of cryptocurrencies worldwide. As a Visa principal member, Crypto.comContinue Reading

By Wayne Jones DeFi investment fund DeFiance Capital has become part of the DeFi protocol Bancor’s ecosystem and will provide advice on tokenomics, financial and institutional liquidity management in the capacity of strategic advisors. DeFiance in Bancor Protocol DeFiance will use its BNT token to provide Bancor with network liquidityContinue Reading

By Felipe Erazo The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental Regulatory Body According to newsContinue Reading

By Turner Wright Kevin Weil has previously said that the launch of the Facebook-backed stablecoin would be “a journey of years and decades.” Kevin Weil, the vice president of product at Facebook’s digital wallet unit and one of the creators of the Libra token, now called Diem, will be leavingContinue Reading

By Anthonia Isichei The Advertising Standards Authority (ASA), a self-regulatory advertising watchdog in the UK, has banned a bitcoin ad by cryptocurrency exchange, Coinfloor, for misleading a particular target audience. Bitcoin Ad Seen as Misleading and Socially Irresponsible According to an announcement on Wednesday (Mar. 17, 2021), the ASA upheldContinue Reading