Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

  2021-04-20 02:30:51

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]

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Seoul to Target Kimchi Premium Crypto Sellers by Policing Int’l Remittances

  2021-04-20 01:00:00

The South Korean government is consulting on plans to regulate overseas remittances and banks with ties to crypto exchanges over concerns money is flowing abroad from the country in crypto purchases.Per Maeil Kyungjae, it appears that some South Korea-based investors are attempting to exploit the kimchi premium by transferring fiat abroad to buy crypto from over-the-counter

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Coinbase Addresses Future Revenue Concerns With Plans to Become Crypto’s Amazon

  2021-04-20 00:00:48

A well-received Nasdaq debut from Coinbase last week opens what many hope to be crypto’s cross into the mainstream. Nonetheless, controversy has surrounded its IPO, including valuing the firm on a fully diluted basis. Using this methodology, a higher number of shares is included in the company valuation, essentially overvaluing the company by some $20bn. […]

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