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Day: November 12, 2021

India’s Central Bank RBI Reiterates ‘Serious Concerns’ About Crypto — Governor Doubts Reports on Indian Crypto Investors

India’s central bank, the Reserve Bank of India (RBI), still has “serious concerns” about cryptocurrency from a macroeconomic and financial stability standpoint. Furthermore, RBI Governor Shaktikanta Das says he doubts the veracity of the number of Indian crypto investors reported by the media. RBI Has Serious Concerns About Crypto, Governor Doubts Veracity of Media Reports …

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Metaverse Seen to Bring in Big Investments, Says Morgan Stanley

The metaverse is a booming investment topic, Morgan Stanley said in a research note on Thursday, and stock sectors are already making the most of it. Since major companies such as Meta Platforms (formerly Facebook) and Microsoft have already started to build metaverses on their own company platforms, the internet’s next big thing has gathered a lot of …

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Two firms account for the majority of Tether received: Report

A new study by Protos claims that Tether flow is dominated by just two firms — Alameda Research and Cumberland. Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the …

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For Universal’s NFT Band, Music Is Second to Brand Identity

Kingship is a little like Gorillaz, but without the musicians. On Thursday, Universal Music Group (UMG) announced it had signed Kingship – not a musician, but a collection of four anthropomorphic non-fungible tokens (NFT). Billed as a “metaverse group,” Kingship is a partnership between UMG and the NFT investor Jimmy McNelis, who owns the four tokens in question. …

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MIAMI TO GIVE BITCOIN TO ITS CITIZENS, ALLOW USAGE FOR PAYMENTS

The city’s mayor Francis Suarez shared his plans to create a Bitcoin ecosystem in Miami and allow city employees to get paid in BTC. The city of Miami will soon start giving bitcoin to its citizens, its mayor Francis Suarez announced on a CoinDesk TV interview Thursday morning. When asked if he envisioned bitcoin being used as …

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AMC THEATRES NOW ACCEPT BITCOIN FOR PAYMENT

Adam Aron, CEO of AMC Theatres announced via Twitter on the evening of November 11th that the chain now accepts Bitcoin for online payment. The announcement follows through on a promise made in a shareholder call back in August 2021, in which chairman and CEO Adam Aron said the company, best known for operating nearly 1,000 movie …

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