Jordan Belfort supports the regulation of the crypto industry

“Wolf of Wall Street” insists that potential regulation measures do not harm the whole industry. A well-known former broker minds the appearance of regulators in crypto is a positive sign of further growth and development.

“The sooner that massive regulation comes into the market, the better it is for bitcoin, stablecoins, and everything else,” said Belfort.

In his mind, the regulation would positively affect crypto interest among institutional investors and would help BTC reaching legal savings status. Previously the broker said that regulators would destroy digital assets. …

For the first time, MasterCard would support cryptocurrency projects

MasterCard has started an updated Start Path program aimed to support crypto startups working with blockchain. The company has already chosen 7 startups from different countries.

“One of our main goals is to arrive the future of cryptocurrency, so we do, connecting strong financial principles with innovations”, notes Jess Turner, Mastercard Executive Vice President, Digital Infrastructure and Fintech.

The Start Path participants will get access to multiply tools and innovations of MasterCard for scaling their own innovative products. It also lets companies start mutual pilot projects with the worldwide payment system. Besides, the participants would retain their intellectual property rights.

A large investor predicts further BTC crushing

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International Monetary Fund warned the consequences of crypto legalization, BTC price switched the way amid Amazon statement

There are possible threats in macro-economic stability among countries that accept digital assets as national currency or payment tools. The opinion was expressed in the IMF blog by the head of the marketing department of the structure, Tobias Adrian, and the general counsel of Rod Wicks-Brown.

The experts are equal in mind that “new digital assets” can make the payments even cheaper and faster, simplify the access to financial services and make international transactions easier. On the other hand, it’s accompanied by “controversial political measures” and large investments.

“Some countries may be tempted by a shortcut: adopting crypto assets as…

Crypto funds reject any cooperation with Binance exchange

Several cryptocurrency funds stopped working with Binance at once. According to mass media, this case is a direct consequence of international regulator’s complaints to the Binance.

“Our mission is preventing clients from uncertainty, which is based on the idea of current tightening of screws by the financial authorities of many countries”, — notes Ed Hindi, co-founder of Tyr Capital crypto fund.

According to CEO ARK Ulrik Lykke, all problems Binance faced are the “wake-up call for all players with large holdings on the Binance exchange.

Previously, regulators in Singapore, Thailand and the Cayman Islands initiated an audit of the legality…

Who runs the cryptocurrency industry

Jackson Palmer, DOGE creator, wrote a series of tweets in which he discusses who really runs the crypto market and assesses the current state of the digital asset industry. The programmer was at the origins of Dogecoin in 2013, but in 2015 he “took a long vacation” from cryptocurrencies and has only occasionally made himself heard about since then.

“After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity,” Palmer explained why would…

Stablecoins crisis is on its way

An American economist and Nobel laureate Paul Krugman believes the crypto industry, particularly stablecoins, is in the shadow of a possible crisis. According to his words, stablecoins remind “a modern version of the free banking system, when non-government bank organizations issued its own banknotes, secured the real coins”.

Krugman insists, this system has already faced a crisis, so stablecoins await the same scenario.

Previously the economist claimed the entire crypto industry as a Ponzi scheme, considering that such schemes could live for a long time. …

Rothschild’s are strengthening positions in BTC

Rothschild Investment Corp, which rules the main assets (total value is about $1 billion), has increased its investments in BTC. Starting from April 2021, the investments in BTC through Grayscale GBTC raised to 3 times.

According to SEC, Rothschild Investment Corp owns 141’405 stocks Grayscale Bitcoin Trust. 5 months ago, during the active phase of the crypto rally, the total sum of company stocks was less than 39 thousand. The assets Rothschild Investment Corp are closely priced at $4,1 million.

Besides, Rothschild Investment Corp has invested in Grayscale Ethereum Trust, buying 6’244 stocks. It seems the recent long-term falling of…

CEO MicroStrategy advised ‘The Iron’ Mike Tyson about crypto investments

The former heavyweight champion Mike Tyson asked his followers on Twitter whether they would prefer BTC of ETH. In response, he received advice from the head of MicroStrategy, Michael Saylor.

“Mike, I spent more than a thousand hours considering this question and chose bitcoin. So far, I have purchased $2.9 billion in BTC because I think it’s the future of digital property,” СЕО MicroStrategy said.

CEO OKEx Jay Hao has given his response, publishing a mem-post that there is no need to choose if you have both in your pocks. …