JPMorgan Client Survey: Majority Expect Bitcoin Price to Reach $60K or More This Year
Global investment bank JPMorgan has asked its clients what they think the price of bitcoin will be by year-end. Among the bank’s clients who responded, 55% expect the price of bitcoin to end the year at $60K or higher. What JPMorgan’s Clients Expect the Price of Bitcoin to Be by Year-End JPMorgan has conducted a survey of its clients about what they expect the price of bitcoin to be by year-end. The global investment bank released the...
Visa: One in Four Businesses Surveyed Plan to Accept Cryptocurrency Payments This Year
Payments giant Visa has conducted a survey of small businesses and found that almost a quarter of those who responded plan to accept cryptocurrency payments this year. “I think more people are feeling more confident with crypto,” said a Visa executive. Small Businesses in 9 Countries Plan to Accept Cryptocurrency This Year Visa published a study on digital payments Wednesday. It was conducted by Wakefield Research in December 2021 and...
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digital pound are being overstated. Erosion of Privacy British lawmakers have said the use of a central bank digital currency when making regular payments could potentially hurt financial stability and raise the cost of borrowing, a report...
Major Record Labels Sue Youtube-dl’s Hosting Provider
In October 2020, the RIAA caused outrage by taking down YouTube-ripping tool youtube-dl from GitHub. The RIAA cited the anti-circumvention provisions of the DMCA, claiming that the tool could be used to download their artists’ musical works from YouTube, in breach of copyright. With little supporting case law in the United States, the RIAA referenced a decision from the Hamburg Regional Court in a similar case, which found that...
Cox Challenges $1 Billion Piracy Verdict Over ‘Lies’ and ‘Serious Misconduct’
Three years ago, Internet provider Cox Communications lost its legal battle against a group of major record labels. A Virginia jury held Cox liable for pirating subscribers because it failed to terminate accounts after repeated accusations, ordering the company to pay $1 billion in damages. This landmark ruling is currently under appeal but Cox also discovered new information that could turn the initial verdict on its head. A few...
