Digital currencies won’t impact US sanctions, Treasury exec says
Central bank digital currencies (CBDC) like Russia’s digital ruble do not pose any threat to United States sanctions, according to the U.S. Deputy Treasury Secretary Wally Adeyemo. In a CNBC interview on Wednesday, Adeyemo argued that the U.S. dollar “will remain the dominant currency in the world” despite the increasing popularity of cryptocurrencies.
Kazakhstan President says they don’t get returns though they are one among the top crypto miners
During a meeting with representatives of the financial sector on Friday in Almaty, Kassym-Jomart Tokayev, President of Kazakhstan, expressed his opinion on the current state of affairs of the country’s cryptocurrency industry. He said that work should be resumed on the formation of a balanced regulatory environment for the creation of cryptocurrency exchanges in the country and added that they are not earning despite being a top crypto miner.
Manchester City officials sign and suspend partnership with a mysterious crypto firm within a week
English Premier League football club Manchester City has suspended a partnership with a startup crypto firm after seemingly not doing its due diligence before signing. the football club had said that it would be collaborating with 3key to raise awareness of its reported decentralized finance, or DeFi, trading analysis products as a regional partner.
Chamath Palihapitiya sells 15% of his stake in SoFi
Billionaire Chamath Palihapitiya has sold 15% of his position in the crypto and stock trading platform and finance company SoFi. The company went public earlier this year through a merger with a blank-check company led by Palihapitiya and was valued originally at $8.65 billion and now has a market capitalization of $17.04 billion. He said that the funds will be used for his future tech projects.
Anand Mahindra slams fake news, says “not invested a single rupee in crypto”
Anand Mahindra today called out a fake news article that claimed he made the “biggest and easiest money” on a cryptocurrency platform. In a tweet, he said it was completely fabricated and that he has not invested a single rupee in cryptocurrency.