South Africa Added to FATF Grey List, Impact on Loans and Capital Flow Uncertain
• The international financial watchdog, the Financial Action Task Force (FATF), has added South Africa to its grey list. • This could potentially make it difficult for South Africa to obtain loans from foreign banks and disrupt the flow of capital into their economy. • Despite designating crypto as a financial product, South Africa was…
Crypto Clampdown: Bull Market Ahead, SEC Takes Action
Summary: The SEC is taking action against crypto exchanges and companies such as Kraken, Paxos, and Terraform Labs. South Sudan has reportedly banned U.S. dollar transactions. Crypto-focused investment firm Pantera Capital says we’re in the next bull cycle. SEC Clampdown Has Crypto Space Abuzz The United States Securities and Exchange Commission (SEC) is taking action…
Ark Invest Predicts BTC Could Reach $1.4M – Week in Review
• Investment management firm Ark Invest has offered three bitcoin price predictions, including a bull scenario where bitcoin could reach $1.48 million per coin. • Billionaire Ray Dalio believes that Bitcoin is not going to be an effective money, store of value or medium of exchange. • A Reddit user discovered a 7zip file possibly…
Institutional Investors Bullish on BTC, Musk Promises McDonald’s Meal + More
• Institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. • Elon Musk reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). • Robert Kiyosaki warned of a global recession due to soaring bankruptcies,…