Circle’s value increased to $9 billion after a deal with Concord Acquisition Corp. Circle is the company behind one of the main stablecoins in the crypto space, USDC.
Warren Buffett Has Invested in Crypto-Friendly Bank. Is This an Endorsement From the Sage of Omaha?
Famously, Warren Buffett once referred to all cryptocurrencies as “rat poison“. Don’t take the Sage of Omaha’s words as gospel just yet. Mr. Buffett seems to have had a change of heart. Warren Buffet‘s Berkshire Hathaway purchased $1 billion of stock in a digital banking institution that focuses on cryptocurrency. Berkshire Hathaway announced its crypto investment through a SEC filing. It was revealed that Buffett’s firm had bought $1 billion worth of shares in Nubank, a Brazilian digital bank and one of the most important in Latin America. After a bullish quarter that saw an all-time high of $63,000 per...
JPMorgan Joins the Metaverse
JPMorgan, America's largest bank, announced that it is the first lender to enter the metaverse, and opened a lounge in Decentraland – a virtual world built on blockchain technology.