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Former NYSE President Says for Bitcoin to Exceed Gold It Needs to Be Accepted More as Currency

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https://static.news.bitcoin.com/wp-content/uploads/2021/06/nysebsoosd-768x432.jpg On June 24, the CEO of Far Peak Acquisition Corp. and former New York Stock Exchange (NYSE) president, Thomas Farley discussed the future of bitcoin and gold on the CNBC broadcast Squawk Box. Farley is optimistic about the leading crypto asset but he doesn’t believe it will surpass gold’s $10 trillion market capitalization unless it’s “an accepted form of currency.” Far Peak CEO Says Bitcoin Will Go Up, But May Not Beat Gold Thomas Farley spoke about bitcoin ( BTC ) on Wednesday following the digital asset’s rebound from the $28,600 low on June 22. Farley is the chief executive officer at Far Peak Acquisition, a special purpose acquisition company but he also once led the NYSE as its president. Farley has spoken about bitcoin on a few occasions in the past and was known for revealing the launch of the NYSE bitcoin price index in 2015. “We are now going to use our ...

FCA Warns 111 Crypto Firms Are Operating Illegally in UK — Says ‘This Is a Very Real Risk’

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https://static.news.bitcoin.com/wp-content/uploads/2021/06/ukfca-768x432.jpg U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement and market oversight. 111 Unregistered Firms Operating in the UK Britain’s financial watchdog, the Financial Conduct Authority (FCA), has identified 111 companies operating in the crypto space without necessary registration, Reuters reported Tuesday. The FCA head of enforcement and market oversight, Mark Steward, told City & Financial’s City Week event that these companies are high risk, volatile, and unregulated. He was quoted as saying: We have a number of firms that are clearly doing business in the UK without being registered with us and they are dealing with someone: banks, payment services firm, consume...

BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks

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https://static.news.bitcoin.com/wp-content/uploads/2021/06/bis-768x432.jpg The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, particularly bitcoin, as well as central bank digital currencies (CBDCs). The BIS explained that “Several recent developments have placed a number of potential innovations involving digital currencies high on agenda” of central banks. “The first of these is the growing attention received by bitcoin and other cryptocurrencies,” the report details. “The second is the debate on stablecoins, and the third is the entry of large technology firms (big techs) into payment se...

Retired Olympic sprinter Michael Johnson on Tokyo Olympics

http://img.youtube.com/vi/r1LW9g2xVfg/0.jpg https://www.youtube.com/watch?v=r1LW9g2xVfg Retired Olympic sprinter Michael Johnson joins ‘The News with Shepard Smith’ to discuss the Tokyo Olympics' strict Covid guidelines, saying that these athletes are going to be focused on the competition instead of increased safety precautions. Origina post from https://krakow3d.com/videos/retired-olympic-sprinter-michael-johnson-on-tokyo-olympics.html

Tech is 'nothing more than natural repricing of risk: UBS Private Wealth's Lipsey

https://i1.wp.com/krakow3d.com/wp-content/uploads/2021/03/tech-is-nothing-more-than-natural-repricing-of-risk-ubs-private-wealths-lipsey.jpg?fit=480%2C360&ssl=1 https://www.youtube.com/watch?v=4l9dY3C9p4U Dan Genter, RNC Genter Capital Management, and Roderick von Lipsey, UBS Private Wealth Management managing director, join 'The Exchange' to discuss the tech wreck and their outlook for the sector. Origina post from https://krakow3d.com/videos/tech-is-nothing-more-than-natural-repricing-of-risk-ubs-private-wealths-lipsey.html

FTX Becomes MLB’s Official Cryptocurrency Exchange Brand in Long Term Deal

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https://static.news.bitcoin.com/wp-content/uploads/2021/06/ftx-becomes-mlbs-official-cryptocurrency-exchange-brand-in-long-term-deal-768x432.jpg Following the naming rights deal for the NBA’s Miami Heat arena and the partnership with the esports giant TSM, FTX Trading Limited revealed a long term partnership with the professional baseball organization Major League Baseball (MLB). FTX Partners With Major League Baseball FTX Trading Limited and its parent company West Realm Shires Services Inc., has announced “a new long-term, global partnership,” according to mlb.com . The deal means that FTX will be the official cryptocurrency exchange brand for the professional baseball league. The long-term partnership is meant to increase FTX Trading Limited’s “brand awareness,” alongside helping the MLB innovate. The FTX.US logo will be featured on umpire uniforms at the MLB’s All-Star Game in July. The company has also formed an agreement with MLB Players I...

Thai Financial Regulator Claims Controversial Crypto Rule Proposal Was Just to Gauge Public Opinion

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https://i0.wp.com/krakow3d.com/wp-content/uploads/2021/03/thai-financial-regulator-claims-controversial-crypto-rule-proposal-was-just-to-gauge-public-opinion.jpg?fit=768%2C432&ssl=1 The Thai financial watchdog has reportedly retreated from its initial controversial crypto rule proposal. Citing the country’s Securities and Exchange Commission (SEC), a local media outlet stated that public criticism was significant regarding the matter. People ‘Misunderstood’ Minimum Annual Income Rule, Claims the SEC According to the Bangkok Post, the Thai SEC is retracting from its plan to supposedly require crypto investors to have a minimum annual income of over one million baht ($33,000). The proposed measure sparked controversy, as the amount is well above the national income average. In fact, the Thai financial regulator claimed that the initial proposal was published just to “test public sentiment from stakeholders.” The results of the test have ignited “a h...