Crypto Adoption Booms: Majority of FSI Customers Comfortable With Crypto

• CZ has denied rumors that senior Binance executives are resigning due to ongoing regulatory challenges.
• BlackRock CEO Larry Fink praised Bitcoin as an ‘international asset’, likening it to ‘digitizing gold’.
• A Salesforce survey found that 60% of respondents were comfortable with crypto while just 21% „fully trust“ AI Chatbots.

CZ Denies Rumors of Senior Binance Executives Resigning

Cryptocurrency exchange Binance’s Chief Executive Officer Changpeng Zhao (CZ) has denied rumors that the company’s senior executives have been resigning due to ongoing regulatory challenges. In a tweet on July 7th, CZ said: „I have never heard of any executive leaving due to regulation.“ He went on to say that they are actively engaging with regulators and authorities worldwide in order to ensure their operations remain within legal boundaries.

BlackRock CEO Praises Bitcoin as an ‚International Asset‘

BlackRock CEO Larry Fink recently compared cryptocurrency to digitized gold during a webcast hosted by Goldman Sachs on July 2nd. He praised Bitcoin as an international asset, noting its ability to move value quickly and securely across borders without third-party involvement. He added: „When you think about the digitalization of everything, I think it starts with bitcoin because it is the first one that was created.“ His comments come amid growing institutional interest in cryptocurrencies such as Bitcoin and Ethereum.

Majority of Financial Service Customers Comfortable With Crypto

A 2023 H1 survey from Salesforce covering 6,058 financial service institution (FSI) customers worldwide revealed significant insights into sentiments surrounding artificial intelligence (AI), cryptocurrency, and the digital shift in the financial services industry. The survey found that 60% of respondents were comfortable with crypto while just 21% „fully trust“ AI Chatbots. This suggests that despite increasing institutional adoption of crypto assets, many consumers remain cautious when it comes to using them for everyday transactions or investing purposes.

Valkyrie Refiles Spot-Bitcoin ETF Application With Coinbase As Surveillance Partner

Valkyrie Digital Assets has refiled its application for a spot-bitcoin exchange traded fund (ETF) with Coinbase Global Inc., named as its surveillance partner according to reports on June 30th 2021. The filing comes after Valkyrie withdrew its application last year amid concerns from U.S Securities and Exchange Commission (SEC) regarding market manipulation risks associated with bitcoin trading activities conducted outside regulated exchanges such as Coinbase Pro or Kraken Pro . By naming Coinbase as their surveillance partner, Valkyrie hopes this will satisfy SEC’s concerns and increase its chances of getting approval for a spot-bitcoin ETF this time around .

NEAR And Ethereum Contrasting Approaches To Blockchain Scalability

NEAR Protocol and Ethereum have contrasting approaches when it comes blockchain scalability solutions such as sharding and layer-two protocols respectively . Ethereum is focusing heavily on layer-two protocols such as Optimistic Rollups , zkRollups , Plasma , etc which utilize existing smart contract infrastructure in order improve transaction throughputs without compromising security or decentralization . On the other hand NEAR is focusing more heavily on sharding solution , which involves partitioning a large blockchain network into smaller shards or subnetworks each capable handling transactions independently but still connected through consensus mechanism . Both solutions have advantages disadvantages depending on use cases but both projects appear committed long term success respective scaling strategies

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