India’s Mingout Tries Dating On The Moon

Welcome to The Daily Forkast, February 18th, 2022, presented by Megha Chaddah. For the latest in blockchain & crypto news. On today’s show: 00:00 Coming Up 00:49 Metaverse ETF to launch in Hong Kong 01:20 India’s Mingout tries dating on the moon 02:02 Crypto market slides as Russia-Ukraine fears rise — Singapore based exchange Bybit is sponsoring Oracle Red Bull’s Formula One racing team. Oracle Red Bull claims it is the largest annual Crypto sports sponsorship to date. While the scale of the deal has not been officially disclosed, an unnamed source has been cited in media saying the sponsorship is worth US$150 million over three years. According to the Ministry of SMEs and Startup, Upbit and Bithumb were among the seven Korean companies that achieved that status in 2021. Crypto is hugely popular in the country, with a survey last November finding that 40 percent of South Koreans in their twenties and thirties have already invested in digital assets. And while a planned tax on income from digital assets is now delayed to next year, crypto related campaign policies are expected to play a key role in convincing younger voters to take part in next month’s South Korean presidential election. In Hong Kong, the city is set to become a testing ground for Chinese authorities to pilot cross-border payments using the digital one. And experts say the international city is an ideal choice. But why? Forkast.news Timmy Shen reports. Hong Kong’s position as a bridge to the world is well established, with a city already a primary offshore again trading center. According to the de facto central bank, the Hong Kong Monetary Authority, over 70 percent of offshore against settlements are made in a city and given its economic and political nuances. One expert told Forkast Hong Kong is the obvious choice to pilot cross-border payments with a digital yuan. For Forkast, I’m Timmy Shen. For the past three decades, if you were at the Olympics, you only had two choices if you wanted to buy a T-shirt, a souvenir, you either had to pay by cash or a visa card. And then the 2022 Winter Olympics began in China, changed things up and introduced the e-CNY as a third alternative. Now, with the Games nearing a close, how successful was the move introducing the e-CNY to the world and a lot to talk about this week in the hot seat, Michael Wu, CEO and founder of Amber Group, is here to talk about all the latest developments in the New Economy. It has been a very interesting Olympics so far beyond sports. A lot of netizens have been keeping a close watch not only on the games, but actually the push for e-CNY. What’s the read as you see it so far? I think a digital payments is definitely the trend globally. There are different forms of. I think, you know, Crypto, as we know it is a major formula it’s up and coming. The other types of digital currency, such as CBDC like e-CNY is also being rolled out. I think it’s a great thing. It’s definitely brings a lot of convenience for the consumer. Different types of digital currency will have different features. Some are more decentralized versus the others. But all in all, you know, I think that’s just the inevitable trend as everything moves to the digital world or digital era. The Oracle of Omaha, Warren Buffett himself making a second investment into new bank. This is, of course, you know, one of those crypto friendly banks, challenger banks that are in this space. And he’s, he’s dumping Visa and MasterCard, and he’s going into the Challenger bank business now. It’s it’s a very Crypto friendly bank. How do you read this move? You know, increasing his investment stake in potentially a crypto friendly bank. I think a lot of the trends I’ve seen being inevitable, such as fintech overtaking traditional finance and new kinds of neo-banking or in the digital financial services sort of being proven superior and more effective than legacy banking. In the case of this investment, I think it’s a good investment, and new bank is also one of the largest and most events in Latin America, which is a very important, a booming economy that we are also looking very closely at. It has a huge, hugely digital native young population. A lot of them don’t actually have legacy banking part, but they have internet access. So instead of having a first bank account now, they have their new bank account. — #Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #Finance #Technology #NFT #RedBull #Fintech #Bybit #FormulaOne #Metaverse #Olympics