Bitcoin News and Finance: What You Need to Know

BBVA, a private bank based in Spain, released an article that states Latam users are very interested in their crypto-powered solutions. The institution informed that close to 20% of the users of their New Gen accounts, which are available from Switzerland, are Colombians who are attracted by the crypto services offered by these accounts. Colombians Attracted by Crypto Services, According to BBVA Cryptocurrency solutions and their associated services are being embraced more and more by Latam users due to the characteristics of their economies. According to BBVA, a Spanish bank that offers services worldwide, Latam users are a big part of the customers attracted by the company’s crypto solutions. In an article, BBVA revealed that close to 20% of the users of its New Gen accounts, which allow customers to invest in cryptocurrencies directly from their bank accounts, are Colombians. This means that citizens of this country are especially attracted to this kind of account, which offers...

Tesla and Spacex CEO Elon Musk has challenged Twitter’s CEO to a public debate over the platform’s fake accounts and spam bots. A recent poll conducted by Musk showed that nearly 65% of respondents do not believe that less than 5% of Twitter daily users are fake or spam. Musk Challenges Twitter’s CEO to Public Debate Tesla CEO Elon Musk has challenged Twitter CEO Parag Agrawal to a public debate about fake and spam accounts on Twitter. “Let him prove to the public that Twitter has less than 5% fake or spam daily users,” Musk wrote Saturday. The percentage of spam and fake accounts on Twitter has been material in the Tesla CEO terminating his $44 billion bid to buy the social media platform. Twitter has sued Musk to force him to go through with the buyout deal. The Spacex boss subsequently filed a countersuit , accusing Twitter of fraud. Musk’s Twitter Poll on Fake/Spam Users Musk put up a 24-hour Twitter poll Saturday asking his 103 million followers if they think that less t...

Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor a lso noted that crypto assets “could benefit from more regulatory clarity.” Fed’s Bowman on Rate Hikes, Inflation, Crypto Regulation Federal Reserve Governor Michelle W. Bowman discussed the U.S. economy and the Fed’s efforts to fight inflation in a speech Saturday at the 2022 CEO & Senior Management Summit sponsored by the Kansas Bankers Association. Referencing the Federal Open Market Committee (FOMC)’s decision to raise the federal funds rate by 75 basis points during its July meeting, she expressed her support for the increase and the FOMC’s view that “ongoing increases would be appropriate at coming meetings.” Emphasizing her support for “continued increases until inf...

PRESS RELEASE. INTERNET CITY, DUBAI, Aug. 8, 2022 – LBank Exchange, a global digital asset trading platform, will list Drive Crypto (DRIVECRYPTO) on August 9, 2022. For all users of LBank Exchange, the DRIVECRYPTO/ USDT trading pair will be officially available for trading at 23:00 (UTC+8) on August 9, 2022. As the first web3 mobility App developed using the Drive-to-Earn concept with GameFi/SocialFi elements, Drive Crypto (DRIVECRYPTO) enables users to earn cryptocurrencies while driving with unique and rare NFT cars. Its native token DRIVECRYPTO will be listed on LBank Exchange at 23:00 (UTC+8) on August 9, 2022, to further expand its global reach and help it achieve its vision. Introducing Drive Crypto Drive Crypto is the first web3 mobility App developed based on Drive-to-Earn concept gathering GameFi/SocialFi. It has been built around an essential daily task for most of the people: using a vehicle to move from one place to another. It’s the first crypto space project which...

The Brazilian voting authority (TSE), has publicly declared it is studying blockchain as a technology that might help the organization in its task of organizing ballots. Celio Castro Wermerlinger, coordinator of modernization of the institution, stated that this decentralized ledger tech was included in a research program called “Elections of the Future.” Brazilian TSE Is Researching Blockchain Tech Blockchain tech is being included in several solutions designed for various applications, including ballot and voting technologies. The Brazilian voting authority announced last month that they were researching blockchain tech and the different ways it might be included in ballots. Celio Castro Wermerlinger, who is the coordinator of modernization at the Brazilian voting authority, stated that end-to-end voting protocol, post-quantum cryptography, shared keys, and blockchain were part of the technologies being studied. This investigation is part of a program called “Elections of the Fu...

The central bank of Portugal is now reviewing 12 requests from businesses that want to provide crypto-related services in the country. The applications are pending decision amid recent reports that some commercial banks are closing accounts of already approved operators. Binance Among Cryptocurrency Platforms Seeking Authorization in Portugal Portugal’s monetary authority is currently evaluating requests submitted by 12 entities that intend to offer Portuguese clients services for virtual assets, Dinheiro Vivo unveiled. The crypto firms need a license from Banco de Portugal (BdP) to work in the country, still considered one of Europe’s most crypto-friendly jurisdictions. Final decisions on the applications are expected by the end of the year. That’s unless the regulator asks the companies to provide additional information, in which case the deadline could be moved to 2023, the Portugal News English-language portal reported, quoting the business news outlet. Among the applicants to...