“King is dead, long live the king,” cryptocurrency users, investors and “lovers” shout after the betrayal of Tesla founder Elon Musk, who backed away from accepting Bitcoin as a trading medium, citing the high environmental costs that govern it. The consequences of the Musk decision are well known, with the cryptocurrency market slipping to such an extent that $ 325 billion was wiped off the market in three to four hours. However, for cryptocurrencies, it all starts now, as, according to information, three hedge funds – colossi Millennium Management, Point 72 Asset Management and Matrix Capital Management are planning a…

Luxembourg will cultivate the conditions for the development and establishment of a blockchain network for cryptocurrencies, as the authorities consider it to be a promising industry. According to Luxembourg Prime Minister Xavier Bettel, the government will continue to “pave the way” for the development of innovative technologies, with the hope that the country will become a leader in digital currencies. In fact, Bettel joked that he could create his own collection (NFT) to “make a lot of money in a very short time.” Bettel has been Prime Minister of Luxembourg since 2013. He is not a technician or programmer, but…

New research from one of the top 10 major banks in Russia, Otkritie Bank, has found that 14% of Russians think crypto will replace fiat in 10 years. According to Russian publication Nord News, the survey was conducted between April 12 and April 16, with a sample base of 1,000 Russians aged between 18 and 65 who live in cities with a population of over 100,000. The results varied among regions, with respondents from the Northwest having the least faith in crypto — just 8% believe crypto will oust fiat in a decade, while 34% adamantly refuse to believe that crypto could…

The central bank is already piloting the digital yuan, which is available in cyberspace, in mobile applications, as well as plastic cards. The goal is to expand its use throughout the economy. Cryptocurrencies, with Bitcoin first and foremost, do not just represent a relatively new method of “gambling” in the markets. With their entry into the real economy, especially after Tesla’s decision to allow payment for its vehicle sales to be made in Bitcoin and the many branded and global companies that are expected to follow, they also acquire exchange value. Thus, they now move to another track and threaten…