December 2021

Ray Dalio

Ray Dalio called bitcoin “gold for the young”

The first cryptocurrency actually acts as an alternative to gold for the younger generation. The blockchain revolution is inevitable, but some governments may outlaw it, billionaire Ray Dalio said. Ray Dalio compared Bitcoin to gold In an interview with MarketWatch,…

Tether

Tether (USDT) accused of “illegal and deceptive” practices

Investors have filed a class action lawsuit against stabelcoin issuer Tether (USDT). They accused the company of “immoral, unethical, discriminatory and unfair” practices. Plaintiffs Matthew Anderson and Shawn Dolifka challenged Tether’s claims that USDT is fully asset-backed. According to them,…

Bitcoin rate fell

Bitcoin rate fell below $49 thousand

The rate of the first cryptocurrency fell to $48.8 thousand, over the past 24 hours, the asset has fallen by 4%. Wednesday afternoon, the bitcoin rate on the cryptocurrency exchange Binance again fell below $50 thousand. At the moment, the…

Visa launches cryptocurrency consulting service

Visa launches cryptocurrency consulting service

US-based Visa Inc (NYSE:V) will launch a cryptocurrency consulting service, the company said in a statement.The new service will be part of Visa’s consulting and analytics division and will work with financial institutions, retailers and other companies to advise them…

NFT and Metaverses

NFT and Metaverses are potential Ponzi schemes

NFT and Metaverses could be financial bubbles, Ponzi schemes, or other forms of deception. This is according to the Communist Party of China’s Central Political and Legal Commission’s official blog. The body is in charge of carrying out the Party…