Bitcoin News and Finance: What You Need to Know

The International Criminal Police Organization, Interpol, is working on how to police the metaverse, a digital world that is projected as an alternative to the real world. Interpol secretary general Jurgen Stock believes the organization must be ready for this task in order to not be left behind by the metaverse and its related technology. Interpol Preparing to Police the Metaverse Police organizations are facing difficulties when adopting certain policies to enforce the law in the metaverse. However, Jurgen Stock, the secretary general of the International Criminal Police Organization, Interpol, believes the organization must be prepared to act on crimes that are happening in the digital world. The organization is currently preparing to bring its action to metaverse platforms, which are already being used by some groups to commit crimes. In an interview with the BBC, Stock stated : Criminals are sophisticated and professional in very quickly adapting to any new technological t...

The Indian government is planning to introduce “measures around crypto” this year, according to the country’s Economic Affairs Secretary Ajay Seth. India’s finance minister says cryptocurrency regulation will be discussed in her upcoming G20 meeting of finance ministers and central bank governors. India Could Introduce Crypto Measures This Year India’s Economic Affairs Secretary Ajay Seth reportedly said Saturday at a post-budget press conference in Mumbai that India will introduce “measures around crypto” this year. “The technology of crypto assets like blockchain and others can be used but its use in the financial sector can have several risks,” he was quoted by local media as saying. The official elaborated: In the course of this year, measures around crypto would be brought out. The Economic Affairs secretary added: “In India, nobody is talking about using crypto as a currency. The risks are with using it as a token.” The Indian government has been working on crypto legisl...

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitcoin, he said: “I’m just glad I bought it at six.” Robert Kiyosaki Says Bitcoin Is ‘People’s Money’ The author of Rich Dad Poor Dad, Robert Kiyosaki, talked about bitcoin while discussing “Why cash is trash in 2023” during his Rich Dad Radio Show podcast published on Wednesday. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries. During the podcast, Kiyosaki called gold, silver, and bitcoin “the hottest subject on the market today,” noting that real estate is no longer a hot topic. Emphasizing that the U.S. dollar is “ fake money ,” the famous author said: I like Bitcoin. I call it peo...

As the first month of the new year is behind us, things continue to heat up on the world stage in regard to crypto price predictions, social media hype surrounding meme coins like dogecoin, warnings of macroeconomic peril, and more and more political powers attempting to control permissionless cryptocurrencies via regulations and policy. For an institutional investors’ perspective on bitcoin, Elon Musk and McDonald’s news, warnings of a “global recession,” and more, see just below, in this latest issue of the Bitcoin.com News Week in Review. Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000. Read More Elon Musk Reaffirms Offer to Eat Happy Meal on TV if McDonald’s Accepts Dogecoin ...

The Australian government has said it will take steps to ensure the “regulation of crypto assets protects consumers” and one of these steps will be the reforming of “the licensing and custody of crypto assets.” The Anthony Norman Albanese-led government also said it has released a consultation paper that explores “which elements of the crypto ecosystem are sufficiently regulated and which require additional attention.” Prioritizing Protection of Consumers The Australian government has said it is working to “ensure the regulation of crypto assets protects consumers” as well as to position the economy “to take advantage of new digital products and services.” To achieve these goals, the Aussie government said it plans to “reform the licensing and custody of crypto assets.” Special emphasis will be given to a subset of cryptocurrencies “that currently fall outside the financial services regulatory framework,” the government said. In a statement issued on Feb. 3, the Anthony Norman Al...

Protocol Labs CEO Juan Benet published a blog post on Friday announcing that 21% of the company’s staff will be laid off. Protocol Labs is the creator of the blockchain network Filecoin. Benet emphasized in the blog post that it has been an “extremely challenging economic downturn, worldwide, and especially in the crypto industry.” Protocol Labs Cuts Jobs in Response to Macro Winter and Crypto Market Decline Protocol Labs , the company behind the file storage blockchain network Filecoin , announced on Feb. 3 that it will lay off a number of employees. CEO Juan Benet wrote a blog post, titled “Focusing Our Strategy to Weather Crypto Winter,” to explain the layoffs. He cited the “extremely challenging economic downturn” as hitting the crypto industry particularly hard. “The macro winter worsened crypto winter, making it more extreme and potentially longer than our industry expected,” Benet wrote. “Although we worked extremely hard to avoid this, we’ve made the difficult decision to r...