DLT Finance ? Weekly Digest
European Central Bank raises rates for the first time in 11 Years
On Thursday, the European Central Bank (ECB) raised interest rates in the eurozone for the first time in 11 years, as high and rising inflation becomes central bankers’ primary concern. The 50-basis points rate hike is higher than analysts had expected and marks a departure from the zero-interest rate environment the EU has been in since 2016.
Link: https://cryptonews.com/news/european-central-bank-raises-rates-for-the-first-time-in-11-years.htm
Venture Capitalists pump $29 billion into crypto firms in 2022 despite market crash
The 2022 cryptocurrency market meltdown has taken a toll on most businesses within the sector, an aspect which was likely.
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The crypto market cap remains above $1 trillion despite Tesla selling 75% of its Bitcoin holdings
Even though electric vehicle (EV) maker Tesla (NASDAQ: TSLA) has revealed that it sold $936 million worth of Bitcoin (BTC).
Boston Consulting Group: Cryptocurrency will reach 1 billion users by 2030
Global management consulting firm Boston Consulting Group (BCG) has stated that crypto adoption is likely to accelerate further
Link: https://finbold.com/boston-consulting-group-cryptocurrency-will-reach-1-billion-users-by-2030/
SEC boss is working to register crypto lending firms to ‘protect the public’
The United States Securities and Exchange Commission (SEC) chairman said that the agency is actively seeking to get some ‘so-called’ cryptocurrency lending organizations legally registered if they operate more as investment firms.
Link: https://finbold.com/sec-boss-is-working-to-register-crypto-lending-firms-to-protect-the-public/
Payment giant SWIFT affirms digital assets are a ‘key topic on the innovation agenda’
As the use of cryptocurrencies becomes more widespread, an increasing number of financial firms and banks have started to take steps that might pave the way for the implementation of digital assets.?