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Day: May 14, 2022

Amazon’s Bezos criticizes Biden over inflation tweet

KEY POINTS Amazon founder Jeff Bezos took aim at Joe Biden on Friday over the president’s tweet that said inflation could be brought down by taxing wealthy corporations. Biden earlier in the day tweeted: “You want to bring down inflation? Let’s make sure the wealthiest corporations pay their fair share.” Bezos responded: “Raising corp taxes …

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Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban …

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For the first time, Japan’s SoftBank could spend more on share buybacks than new investments: CLSA

KEY POINTS Japanese conglomerate SoftBank Group may for the first time spend more on share buybacks than investments through its landmark Vision Fund, according to CLSA’s Oliver Matthew. SoftBank on Thursday posted a record $27 billion loss in its Vision Fund as tech stocks have plummeted in recent months. Shares of SoftBank soared more than …

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Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

The fund is one of the few ways for stock traders in the U.S. to gain exposure to the price movements of bitcoin. The $18.3 billion Grayscale Bitcoin Trust (GBTC), the world’s largest bitcoin (BTC) fund, has seen its market discount widen to an all-time low of 30.79% this week as crypto markets suffered one …

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Bitcoin to the sky: Emirates to accept BTC payments and launch NFT collectibles

Emirates is embracing new technologies such as the metaverse and NFTs to expand its reach, according to chief operating officer Adel Ahmed Al-Redha. Emirates, the largest airline in the United Arab Emirates (UAE), announced that it has plans to implement Bitcoin (BTC) payments and launch nonfungible tokens (NFTs) to be traded through the company’s websites. …

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JAPAN’S LARGEST BROKER NOMURA NOW OFFERS BITCOIN DERIVATIVES

Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand. Nomura Holdings, Japan’s largest brokerage, now offers bitcoin-based derivatives. Available derivative contracts are non-deliverable forward and options, as well as futures and options contracts. Nomura’s economic consulting arm Nomura Research Institute launched a crypto-asset index in 2020. Nomura Holdings Inc, …

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Tesla CEO Elon Musk Reaffirms Dogecoin ‘Has Potential as a Currency’ as Twitter Deal Is Put on Hold

Tesla and Spacex CEO Elon Musk says that dogecoin has potential as a currency. However, his Twitter buyout deal has been put on hold “pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.” Elon Musk Says Dogecoin Has Potential as a Currency Tesla CEO Elon Musk has made another …

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World’s 1st Fine-Dining NFT Concept Auction to Conduct in May

The world’s first fine-dining non-fungible token (NFT) concept has announced its NFT dining auction schedules. Two auctions will take place on May 14 and 21 respectively. The concept of the company’s NFT  was created in collaboration with Michelin-starred restaurants Ando and MONO – two of Hong Kong’s top restaurants. Jamie Lewis, CEO of Ioconic and …

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What Are PFP NFTs?

One of those is NFTs (non-fungible tokens), unique digital assets minted or bought and traded for on secondary markets. This guide will explain PFP NFTs and why they’re surging in popularity. The First Step Is to Comprehend the Metaverse This is where things start to get a little science fiction if this is your first time hearing …

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Bitcoin adoption around the world is taking shape

Bitcoin adoption around the world is taking shape Bitcoin adoption around the world is taking shape. Some examples from Bitcoin 2022 offer a window into how Bitcoin is helping people in emerging markets. It was an honor to take part in this year’s Bitcoin 2022 Conference in Miami. The inspiring conversations that took place at the convention …

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