W o r l d . C r y p t o . G l o b a l

Loading

Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.

Contact Info

CATEGORY: american express


Warren Buffetts Berkshire Hathaway did crash 99%... against Bitcoin since 2015

Author: Cointelegraph by Yashu Gola
United States
Jun 05, 2024 12:00

Warren Buffetts Berkshire Hathaway did crash 99%... against Bitcoin since 2015

Allocating just 1% of Berkshire Hathaways portfolio to Bitcoin could have boosted Warren Buffetts profits by over 25%.

Amex planning to use AI for ‘approving cards and lines of credit’

Author: Cointelegraph By Tristan Greene
United States
May 30, 2023 12:04

Amex planning to use AI for ‘approving cards and lines of credit’

American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services.

This is NOT Normal: 2023 Begins Deep in to a Bear Market, With a SURPRISING Number of MAJOR Finance & Investment Firms QUIETLY Moving in to Crypto...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jan 02, 2023 08:55

This is NOT Normal: 2023 Begins Deep in to a Bear Market, With a SURPRISING Number of MAJOR Finance & Investment Firms QUIETLY Moving in to Crypto...

For those of us who have been around awhile, it takes more than another bear market to change our long term expectations for cryptocurrencies. 

I've been through three crashes - the first one really had me questioning things, the second time I was more willing to ride it out, 'hopeful but not certain' was my outlook on crypto's future. In both cases the crashes were followed by hitting new all time highs, and this pattern wasn't new, it's what Bitcoin historically had always done, and more recently, the top altcoins were included as well. 

So, this time around I feel like I'm just waiting... for our largest bull run yet. Not wondering if it's coming - waiting for it to get here.

Some of the Biggest Names in Investing and Wall Street are Quietly Preparing for a Crypto Boom...

Thankfully, it looks like I'm not the only one making this prediction. In fact, the biggest firms from the world of investing and Wall Street seem to be anticipating this too.

Keep in mind, the firms I'm about to mention don't throw millions at something because one or two executives believe it will pay off - before they invest, teams of analysts with specialists covering multiple aspects, and algorithms pumping out multiple models of possible outcomes, are involved.

Let's look at some of what is happening quietly behind the scenes right now - and ask yourself: does it seem like they see something coming?

Major Investment Firms:

Between just these 2 firms you're looking at over $2 TRILLION in assets under management, twice the size of the entire crypto market currently. 

? The world's largest global investment banking and investment management firm, Goldman Sachs, is quietly talking to multiple crypto startups that were hit hard by the bear market and investing to become part-owners of, or buying them out completely.

? The second largest global investment banking and investment management firm, Morgan Stanley, is currently creating their "digital-asset infrastructure," giving their 2 million+ clients access to the crypto market. While development started before the bear market hit, they say it never slowed down as they remain "focused on building."

When these firms enter a sector, countless smaller ones follow. 

Payment Processors:

The big 3 are all in.

Visa is "propelling innovation to deliver even more access and value to the crypto ecosystem" and recently filed a series of trademark applications for crypto wallets, NFTs, and metaverse-related products.

Mastercard is launching a program to enable mainstream banks to offer crypto trading to their customers.

? Even American Express, which in 2021 said they were "watching the space evolve" but had "no plans to announce" involvement in cryptocurrencies, began preparing for something, specifics still unknown, but real enough to have them file eight trademark applications for tech processing crypto and NFT transactions.

In addition to this, both Visa and Mastercard will expand their current role of providing cards that allow people to spend crypto anywhere that accepts their credit cards.  This has become a standard offering from most major exchanges now, and accounts for over $1 billion in transactions for Visa alone. 


Start-Ups:

When it comes to startups, those that truly serve a purpose are not struggling to find funding. Here are some of the projects that held investment rounds over just the last month - all hit their targets:

Aztec Network, an Ethereum security layer geared towards privacy, successful raised $100 million in a  round led by prominent venture capital firm Andreessen Horowitz (a16z), with participation from A Capital, King River, and Variant, and others.

Singapore-based crypto firm Amber Group closed a $300 million Series C led by Fenbushi Capital US. Nillion, a decentralized file storage network, raised $20 million in its latest funding round led by Distributed Global.



Fleek, a developer platform for crypto companies, secured $25 million led by Polychain Capital, along with Coinbase Ventures, Digital Currency Group, and Protocol Labs.

Tax and accounting software for digital assets, Bitwave, closed a $15 million Series A co-led by Hack VC and Blockchain Capital.

? Blocknative, a company building web3 infrastructure, also secured $15 million in its Series A led by Blockchain Capital and a few other investors.

There's only one reason any firm would be investing in new companies that could still be years away from seeing profits - again, the long term outlook.

The Path from Here, to There...

The road from bear to bull market is surprisingly short and straight - plus, following the collapse of FTX, a come-back for crypto also means washing off  some of the mud currently splattered on crypto's public image.  But all of this is doable, here's how it will go;

Crypto regulations are coming, discussing if you're for or against this is officially a waste of time - we're getting them.

However, the industry has gotten smarter over the last few years and regulations no longer mean a 'crack down' on crypto. 

As politicians began considering passing finance laws specific to crypto assets, the crypto industry became major Washington DC influencers, and almost overnight began supporting pro-crypto politicians campaigns at such large amounts that crypto is outspending the industries that have typically spent the most for decades, the defense industry and pharmaceutical companies.

Until recently we were truly were at risk of tech-illiterate politicians passing poorly-written regulations that could bring everything to a halt, that no longer longer seems possible. 
This level of involvement has given the industry a place at the table with lawmakers.

If you're outside of the US thinking this doesn't involve you, I wouldn't count on that.  Some regulations will address the situation FTX is in, requiring exchanges to prove the assets they hold and auditing their total value regularly.  It wouldn't surprise me if US companies and investors could only do business with foreign firms that follow similar guidelines - setting a standard that will quickly become global.

Over the span of just a few days:  Crypto's current public image gets fixed as politicians pat themselves on the back for 'fixing crypto' with 'new investor protections'.  The largest investment firms have citied the lack of these regulations as the only reason they haven't yet gotten involved - so now the floodgates open. 

I believe the next bull market doesn't just set new all-time highs for the top cryptocurrencies, but does it at record speed as well - Bitcoin gaining $10,000 per week for 5 weeks would get us past it's previous high, and it wouldn't surprise me if that's how it went.

Remember - there's never been so many people and companies aware of what a Bitcoin bull run can do, and it will be a lot harder to justify sitting it out.

In Closing...

There's nothing fun about a bear market, except looking forward to it ending. Based on current indicators, it seems we may have a lot to look forward to!

-----------
Author: Ross Davis
Silicon Valley Newsroom
GCP Breaking Crypto News


Subscribe to GCP in a reader

This is NOT Normal: MAJOR Finance & Investment Firms QUIETLY Moving in to Crypto...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jan 11, 2023 04:15

This is NOT Normal: MAJOR Finance & Investment Firms QUIETLY Moving in to Crypto...

For those of us who have been around awhile, it takes more than another bear market to change our long term expectations for cryptocurrencies. 

I've been through three crashes - the first one really had me questioning things, the second time I was more willing to ride it out, 'hopeful but not certain' was my outlook on crypto's future. In both cases the crashes were followed by hitting new all time highs, and this pattern wasn't new, it's what Bitcoin historically had always done, and more recently, the top altcoins were included as well. 

So, this time around I feel like I'm just waiting... for our largest bull run yet. Not wondering if it's coming - waiting for it to get here.

Some of the Biggest Names in Investing and Wall Street are Quietly Preparing for a Crypto Boom...

Thankfully, it looks like I'm not the only one making this prediction. In fact, the biggest firms from the world of investing and Wall Street seem to be anticipating this too.

Keep in mind, the firms I'm about to mention don't throw millions at something because one or two executives believe it will pay off - before they invest, teams of analysts with specialists covering multiple aspects, and algorithms pumping out multiple models of possible outcomes, are involved.

Let's look at some of what is happening quietly behind the scenes right now - and ask yourself: does it seem like they see something coming?

Major Investment Firms:

Between just these 2 firms you're looking at over $2 TRILLION in assets under management, twice the size of the entire crypto market currently. 

? The world's largest global investment banking and investment management firm, Goldman Sachs, is quietly talking to multiple crypto startups that were hit hard by the bear market and investing to become part-owners of, or buying them out completely.

? The second largest global investment banking and investment management firm, Morgan Stanley, is currently creating their "digital-asset infrastructure," giving their 2 million+ clients access to the crypto market. While development started before the bear market hit, they say it never slowed down as they remain "focused on building."

When these firms enter a sector, countless smaller ones follow. 

Payment Processors:

The big 3 are all in.

Visa is "propelling innovation to deliver even more access and value to the crypto ecosystem" and recently filed a series of trademark applications for crypto wallets, NFTs, and metaverse-related products.

Mastercard is launching a program to enable mainstream banks to offer crypto trading to their customers.

? Even American Express, which in 2021 said they were "watching the space evolve" but had "no plans to announce" involvement in cryptocurrencies, began preparing for something, specifics still unknown, but real enough to have them file eight trademark applications for tech processing crypto and NFT transactions.

In addition to this, both Visa and Mastercard will expand their current role of providing cards that allow people to spend crypto anywhere that accepts their credit cards.  This has become a standard offering from most major exchanges now, and accounts for over $1 billion in transactions for Visa alone. 


Start-Ups:

When it comes to startups, those that truly serve a purpose are not struggling to find funding. Here are some of the projects that held investment rounds over just the last month - all hit their targets:

Aztec Network, an Ethereum security layer geared towards privacy, successful raised $100 million in a  round led by prominent venture capital firm Andreessen Horowitz (a16z), with participation from A Capital, King River, and Variant, and others.

Singapore-based crypto firm Amber Group closed a $300 million Series C led by Fenbushi Capital US. Nillion, a decentralized file storage network, raised $20 million in its latest funding round led by Distributed Global.



Fleek, a developer platform for crypto companies, secured $25 million led by Polychain Capital, along with Coinbase Ventures, Digital Currency Group, and Protocol Labs.

Tax and accounting software for digital assets, Bitwave, closed a $15 million Series A co-led by Hack VC and Blockchain Capital.

? Blocknative, a company building web3 infrastructure, also secured $15 million in its Series A led by Blockchain Capital and a few other investors.

There's only one reason any firm would be investing in new companies that could still be years away from seeing profits - again, the long term outlook.

The Path from Here, to There...

The road from bear to bull market is surprisingly short and straight - plus, following the collapse of FTX, a come-back for crypto also means washing off  some of the mud currently splattered on crypto's public image.  But all of this is doable, here's how it will go;

Crypto regulations are coming, discussing if you're for or against this is officially a waste of time - we're getting them.

However, the industry has gotten smarter over the last few years and regulations no longer mean a 'crack down' on crypto. 

As politicians began considering passing finance laws specific to crypto assets, the crypto industry became major Washington DC influencers, and almost overnight began supporting pro-crypto politicians campaigns at such large amounts that crypto is outspending the industries that have typically spent the most for decades, the defense industry and pharmaceutical companies.

Until recently we were truly were at risk of tech-illiterate politicians passing poorly-written regulations that could bring everything to a halt, that no longer longer seems possible. 
This level of involvement has given the industry a place at the table with lawmakers.

If you're outside of the US thinking this doesn't involve you, I wouldn't count on that.  Some regulations will address the situation FTX is in, requiring exchanges to prove the assets they hold and auditing their total value regularly.  It wouldn't surprise me if US companies and investors could only do business with foreign firms that follow similar guidelines - setting a standard that will quickly become global.

Over the span of just a few days:  Crypto's current public image gets fixed as politicians pat themselves on the back for 'fixing crypto' with 'new investor protections'.  The largest investment firms have citied the lack of these regulations as the only reason they haven't yet gotten involved - so now the floodgates open. 

I believe the next bull market doesn't just set new all-time highs for the top cryptocurrencies, but does it at record speed as well - Bitcoin gaining $10,000 per week for 5 weeks would get us past it's previous high, and it wouldn't surprise me if that's how it went.

Remember - there's never been so many people and companies aware of what a Bitcoin bull run can do, and it will be a lot harder to justify sitting it out.

In Closing...

There's nothing fun about a bear market, except looking forward to it ending. Based on current indicators, it seems we may have a lot to look forward to!

-----------
Author: Ross Davis
Silicon Valley Newsroom
GCP Breaking Crypto News


Subscribe to GCP in a reader

This is NOT Normal: Deep in to a Bear Market, a SURPRISING NUMBER of Top Finance, Investing, Banking, and Payment Firms QUIETLY Moving in to Crypto...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jan 01, 2023 04:15

This is NOT Normal: Deep in to a Bear Market, a SURPRISING NUMBER of Top Finance, Investing, Banking, and Payment Firms QUIETLY Moving in to Crypto...

For those of us who have been around awhile, it takes more than another bear market to change our long term expectations for cryptocurrencies. 

I've been through three crashes - the first one really had me questioning things, the second time I was more willing to ride it out, 'hopeful but not certain' was my outlook on crypto's future. In both cases the crashes were followed by hitting new all time highs, and this pattern wasn't new, it's what Bitcoin historically had always done, and more recently, the top altcoins were included as well. 

So, this time around I feel like I'm just waiting... for our largest bull run yet. Not wondering if it's coming - waiting for it to get here.

Some of the Biggest Names in Investing and Wall Street are Quietly Preparing for a Crypto Boom...

Thankfully, it looks like I'm not the only one making this prediction. In fact, the biggest firms from the world of investing and Wall Street seem to be anticipating this too.

Keep in mind, the firms I'm about to mention don't throw millions at something because one or two executives believe it will pay off - before they invest, teams of analysts with specialists covering multiple aspects, and algorithms pumping out multiple models of possible outcomes, are involved.

Let's look at some of what is happening quietly behind the scenes right now - and ask yourself: does it seem like they see something coming?

Major Investment Firms:

Between just these 2 firms you're looking at over $2 TRILLION in assets under management, twice the size of the entire crypto market currently. 

? The world's largest global investment banking and investment management firm, Goldman Sachs, is quietly talking to multiple crypto startups that were hit hard by the bear market and investing to become part-owners of, or buying them out completely.

? The second largest global investment banking and investment management firm, Morgan Stanley, is currently creating their "digital-asset infrastructure," giving their 2 million+ clients access to the crypto market. While development started before the bear market hit, they say it never slowed down as they remain "focused on building."

When these firms enter a sector, countless smaller ones follow. 

Payment Processors:

The big 3 are all in.

Visa is "propelling innovation to deliver even more access and value to the crypto ecosystem" and recently filed a series of trademark applications for crypto wallets, NFTs, and metaverse-related products.

Mastercard is launching a program to enable mainstream banks to offer crypto trading to their customers.

? Even American Express, which in 2021 said they were "watching the space evolve" but had "no plans to announce" involvement in cryptocurrencies, began preparing for something, specifics still unknown, but real enough to have them file eight trademark applications for tech processing crypto and NFT transactions.

In addition to this, both Visa and Mastercard will expand their current role of providing cards that allow people to spend crypto anywhere that accepts their credit cards.  This has become a standard offering from most major exchanges now, and accounts for over $1 billion in transactions for Visa alone. 


Start-Ups:

When it comes to startups, those that truly serve a purpose are not struggling to find funding. Here are some of the projects that held investment rounds over just the last month - all hit their targets:

Aztec Network, an Ethereum security layer geared towards privacy, successful raised $100 million in a  round led by prominent venture capital firm Andreessen Horowitz (a16z), with participation from A Capital, King River, and Variant, and others.

Singapore-based crypto firm Amber Group closed a $300 million Series C led by Fenbushi Capital US. Nillion, a decentralized file storage network, raised $20 million in its latest funding round led by Distributed Global.

Fleek, a developer platform for crypto companies, secured $25 million led by Polychain Capital, along with Coinbase Ventures, Digital Currency Group, and Protocol Labs.

Tax and accounting software for digital assets, Bitwave, closed a $15 million Series A co-led by Hack VC and Blockchain Capital.

? Blocknative, a company building web3 infrastructure, also secured $15 million in its Series A led by Blockchain Capital and a few other investors.

There's only one reason any firm would be investing in new companies that could still be years away from seeing profits - again, the long term outlook.

The Path from Here, to There...

The road from bear to bull market is surprisingly short and straight - plus, following the collapse of FTX, a come-back for crypto also means washing off  some of the mud currently splattered on crypto's public image.  But all of this is doable, here's how it will go;

Crypto regulations are coming, discussing if you're for or against this is officially a waste of time - we're getting them.

However, the industry has gotten smarter over the last few years and regulations no longer mean a 'crack down' on crypto. 

As politicians began considering passing finance laws specific to crypto assets, the crypto industry became major Washington DC influencers, and almost overnight began supporting pro-crypto politicians campaigns at such large amounts that crypto is outspending the industries that have typically spent the most for decades, the defense industry and pharmaceutical companies.

Until recently we were truly were at risk of tech-illiterate politicians passing poorly-written regulations that could bring everything to a halt, that no longer longer seems possible. 
This level of involvement has given the industry a place at the table with lawmakers.

If you're outside of the US thinking this doesn't involve you, I wouldn't count on that.  Some regulations will address the situation FTX is in, requiring exchanges to prove the assets they hold and auditing their total value regularly.  It wouldn't surprise me if US companies and investors could only do business with foreign firms that follow similar guidelines - setting a standard that will quickly become global.

Over the span of just a few days:  Crypto's current public image gets fixed as politicians pat themselves on the back for 'fixing crypto' with 'new investor protections'.  The largest investment firms have citied the lack of these regulations as the only reason they haven't yet gotten involved - so now the floodgates open. 

I believe the next bull market doesn't just set new all-time highs for the top cryptocurrencies, but does it at record speed as well - Bitcoin gaining $10,000 per week for 5 weeks would get us past it's previous high, and it wouldn't surprise me if that's how it went.

Remember - there's never been so many people and companies aware of what a Bitcoin bull run can do, and it will be a lot harder to justify sitting it out.

In Closing...

There's nothing fun about a bear market, except looking forward to it ending. Based on current indicators, it seems we may have a lot to look forward to!

-----------
Author: Ross Davis
Silicon Valley Newsroom
GCP Breaking Crypto News

Subscribe to GCP in a reader

OneOf closes $8M strategic round,launches NFT for American Express event

Author: noreply@blogger.com (Unknown)
United States
Aug 05, 2022 09:35

OneOf closes $8M strategic round,launches NFT for American Express event

OneOf, a Polygon (MATIC)-based Web3-focused platform that seeks to promote the sector’s growth around music, sports and brands, has closed an $8 million round in a strategic round that included several leading investors.

Backing for OneOf in this latest financing round were investments from Amex Ventures, Chain Link Crypto Fund, Mirabaud Lifestyle Impact, Snow Hill Ventures, and Sangha Capital. These join existing investors such as Galaxy Digital, Nima Capital, leading venture capitalist Bill Tai’s Actai Unicorn Fund, Tezos Foundation, Andromeda Capital, and Sanctor Capital among others.

With the NFTs market continuing to see new growth momentum following a crypto winter lull, OneOf is looking to use the fresh capital infusion to fast-track development around its green NFT marketplace.

OneOf CEO Lin Dai said in a statement that the strategic round reflects the confidence investors have in the company, noting that the key support would help bring the benefits of Web3 to creators. According to Dai, the funding will help the platform achieve its goal of helping onboard the next 100 million non-crypto native users from across the world into the NFTs and blockchain ecosystem.

“As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models, enabling creators of all shapes and sizes, from the biggest global brands to the newest independent artists, to unlock the real world potentials of this new technology.”

OneOf launches NFT collection for American Express

The platform, which has now raised over $72 million from investors, announced that it had also launched an NFT collection for American Express (NYSE: AXP)to mark the three-week Colour Oasis Popup Experience event. The NFTs will be available to American Express Card Members at the event in Bodrum, Turkey.

The unique NFT collection is designed by Selay Karasu, a celebrated Turkish artist whose works have been featured at MOMA NYC, Art Babel and Burning Man.

The American Express event began on 29 July and will conclude on 21 August 2022.In May, Polygon (MATIC)-based OneOf partnered with eBay as the ecommerce giant rolled out its debut limited edition NFTs featuring hockey legend Wayne Gretzky.

The post OneOf closes $8M strategic round,launches NFT for American Express event appeared first on Invezz.



from NFTs – Invezz

ECB exclusive: Crypto payments 'not currently cost effective,' Amex exec says

Author: Cointelegraph By Prashant Jha
United States
Jun 28, 2022 04:40

ECB exclusive: Crypto payments 'not currently cost effective,' Amex exec says

The American Express executive said that their firm is bullish on crypto and is actively working to incorporate more crypto-related services in the future.

Jun 11, 2022 06:05

American Express is launching its first cryptocurrency rewards credit card 2022

According to a joint announcement made at this week’s crypto conference Consensus in Austin, American Express is launching its first-ever crypto rewards credit card in collaboration with Abra. The statement follows in the footsteps of other big credit card companies such as Visa and Mastercard, but it is still a significant step forward in the […]

Jun 11, 2022 08:35

American Express To Offer Their First Crypto Rewards Credit Card

American Express is rolling out it’s first-ever crypto rewards credit card as part of a partnership with Abra, according to a joint announcement at this week’s crypto conference Consensus in Austin. The announcement is a move in the footsteps of other major credit card providers, most notably Visa and Mastercard, but is still a major call-out in crypto integration into the current credit card landscape. There are over 60M AmEx holders according to figures from earlier this year – and now the network will bring access to direct cryptocurrency rewards for spending for the first time ever with a partner card with Abra. American Express And Abra Team Up The ‘Abra Crypto Card’ was unveiled at the annual Consensus event in Austin, Texas today, and will offer crypto rewards for any purchase category and amount, according to the formal press release. Abra offers a platform token, ‘Crypto Perx’ (CPRX) that is expected to be alongside a variety (but thus far undisclosed) of top tokens as options for earning rewards. It was a big day for the team at Abra, who paired the American Express announcement with news that their app would support custody and gallery views of NFTs. American Express’ president of Global Network Services Mohammed Badi stated that Abra brings “deep expertise in both crypto and traditional financial services” that makes them a fitting partner for the endeavor. 'Crypto Perx,' (CPRX) is the native platform ERC-20 token for Abra; the token saw strong positive price reaction to the news around Abra's new credit card on the AmEx network. | Source: CPRX-USD on TradingView.com Related Reading | Solana To Support DeFi, NFT, And GameFi In South Korea With A $100M Fund Join The Club Visa and Mastercard are two of the most commonly-recognized names in the credit card business, but don’t sleep on American Express, who is only behind Citibank, Chase, and the two aforementioned top dogs when it comes to card issuance. AmEx has carved out a long-time niche of serving top dollar customers and offering commensurate rewards. The Abra card is expected to bring those rewards along with it too, with rewards from the slate of the AmEx network, including “Amex Offers (for shopping, travel, dining, services, entertainment, etc.), presale ticket access, Global Dining benefits, and purchase protections,” according to the press release. Abra joins a growing list of crypto-native card issuers with crypto rewards, including the likes of BlockFi, Gemini, Nexo and others. Even companies that aren’t crypto-first, such as Venmo and SoFi, are offering crypto reward cards. Related Reading | Head To Head: Bitcoin, Ethereum Profitability For Investors Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

Mar 16, 2022 07:55

American Express Is Ready to Embrace the Metaverse and NFTs

American Express would allow virtual transactions and Amex credit card use in the metaverse for purchasing NFTs.

Continue reading American Express Is Ready to Embrace the Metaverse and NFTs  at DailyCoin.com.

Mar 16, 2022 10:30

American Express Might Be Joining Metaverse and Web3 World Soon

American Express files trademark applications for the metaverse and NFT logos. Mike Kondoudis tweets the detailed news on his official ...

Read More...

Mar 16, 2022 10:40

American Express Weighs Entry into Metaverse and NTFs Business, Trade Filing Shows


American Express could get into the field of metaverse and NTFs, which have become a key value driver within the financial industry. (Read More)

Mar 07, 2022 10:45

Four Payment Operators Join in Suspending their Services in Russia amid Ukraine Crisis


Four payment operators announce to suspend their payment services in Russia following the Russian invasion of Ukraine. (Read More)

Bitcoin Network Transaction Volume Surpasses American Express: Research

Author: Cointelegraph By Keira Wright
United States
Feb 01, 2022 08:30

Bitcoin Network Transaction Volume Surpasses American Express: Research

A recent NYDIG report found that Bitcoin had settled more transaction volume in Q1 2021 than “all credit card networks combined for the entire year” when including intra-network transactions.

Mar 18, 2023 10:30

FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders

According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8 [...]

The post FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders appeared first on Crypto Breaking News.

Your Crypto Gateway

Claim 1,000
Free WCG Coins

World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.

11 bn

FREE CRYPTO COINS

8.9 bn

AVAILABLE FOR RESERVATION

2.1 bn+

ALREADY ALLOCATED

× WCG Coin

🎉 Get 1,000 WCG Coins

No fees. No catch. Your crypto journey starts here.