Bitcoin News and Finance: What You Need to Know

The FC Barcelona, a soccer club with a large fanbase in Spain and Europe, has revealed its plans to take advantage of the rise of the metaverse and NFTs in the cryptocurrency market. Joan Laporta, president of the club, explained how it plans to occupy all of these markets to bring more engagement from fans all over the world. FC Barcelona Explores Growth Options The FC Barcelona, one of the most influential soccer clubs in Spain and Europe, has announced its intention of expanding to new business areas that include metaverse and NFTs. The expansion’s objective is increasing the engagement of the club through the use of these new technologies. Joan Laporta, president of the club, talked about the upcoming moves the club will be making, stating: In recent times there has been a lot of attention to blockchain products and services such as NFTs and metaverse. We should be able to offer digital products to our members, our fans that will align with the value of the club and generate ...

PRESS RELEASE. INTERNET CITY, DUBAI, March. 5, 2022 – LBank Exchange, a global digital asset trading platform, will list Apollo Inu (APOLLO) on March 9, 2022. For all users of LBank Exchange, the APOLLO/ USDT trading pair will be officially available for trading at 21:00 (UTC+8) on March 9, 2022. There are many content creators such as painters, photographers, musicians and tik-tok’ers don’t have time, money or access to opportunities to make a career out of their creative passion. To address this issue, Apollo Inu (APOLLO) is building communities that help aspiring artists and content creators get the resources they need to get their big break. The APOLLO token will be listed on LBank Exchange at 21:00 (UTC+8) on March 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Apollo Inu Apollo Inu (APPOLO) is a community-run DAO (Decentralized Autonomous Organization) and token to support and fund creative people to achieve their goals. A portion o...

G7 countries and the European Union are examining ways to stop the use of cryptocurrency by Russia to evade sanctions. “We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets,” said Germany’s minister of finance. G7 and EU Seek to Prevent Crypto Use to Evade Sanctions The Group of Seven (G7) nations are reportedly examining ways to stop individuals and companies from using cryptocurrencies to circumvent Western sanctions following Russia’s invasion of Ukraine. The G7 countries comprise Canada, France, Germany, Italy, Japan, the UK, and the U.S. Finance ministers and central bank governors of the G7 countries held virtual meetings this week together with Ukraine’s Finance Minister Serhiy Marchenko. Germany’s minister of finance, Christian Lindner, was quoted by AFP as saying Wednesday: We should take measures to prevent listed persons and institutions from switching to unregulated crypto assets. We are working towards this in...

The CEO of Devere Group has predicted that the price of bitcoin will reach $50,000 by the end of this month. He explained that geopolitical tensions from the Russia-Ukraine war and institutional investment are key drivers boosting the price of bitcoin. He also said, “the dollar’s reserve status could, ultimately, be in jeopardy.” Devere’s CEO on the Future of Bitcoin The CEO of Devere Group, Nigel Green, has predicted that bitcoin’s price will reach $50,000 by the end of this month. Devere is an independent financial advisory and asset management firm headquartered in the UAE. The executive said on Tuesday after the price of bitcoin surged more than $6,000 in 24 hours: As it currently stands, I can see no reason why this price momentum should falter. I think we can expect to see bitcoin hit $50,000 by the end of this month. However, he noted that it is “too early to say” when the price of bitcoin will revisit last year’s all-time highs. Based on data from Bitcoin.com Markets, B...

The CEO of the Nasdaq-listed crypto exchange Coinbase says ordinary Russians are using cryptocurrency as a lifeline now that their own currency, the ruble, has collapsed. The executive also does not see a high risk of Russian oligarchs using crypto to avoid sanctions. Crypto Becomes a Lifeline for Ordinary Russians Coinbase CEO Brian Armstrong shared his view on crypto usage and his exchange’s policy in a series of tweets Friday as Russia continues to wage war against Ukraine. Firstly, he emphasized that Coinbase is “not preemptively banning all Russians” from using its platform. “We believe everyone deserves access to basic financial services unless the law says otherwise,” he stressed. The discussion of banning all Russians began when the vice prime minister of Ukraine asked all major cryptocurrency exchanges to block addresses of all Russian users . He tweeted on Feb. 27, “It’s crucial to freeze not only addresses linked to Russian and Belarusian politicians but also to sabotag...

While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an economic recession are climbing, and energy market historian Daniel Yergin thinks the current warfare in Ukraine could spark major energy issues like the 1970s oil crisis. Top Economists Say Odds of Recession Are Rising, While Some Are Inclined to Believe Economic Fallout Will Be ‘Modest,’ Energy Disruptions Will Be ‘Limited and Temporary’ On Friday, USA Today author Paul Davidson explained in a report that the odds of a recession in 2022 “are rising amid soaring inflation.” Davidson detailed that “some top economists are raising the odds of a slump within the next year or so.” The risk increased despite the strong jobs market in the U.S., as the USA Today author writes that energy prices are spiking and inflation has reached historic levels. On the o...