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FameEX Afternoon Crypto News Recap | March 22, 2023

2023-03-22 16:03:00

Intech Revolution Summit to Showcase the Rapid Growth of the $44 Billion Fintech Market in the Philippines
The upcoming Fintech Revolution Summit, to be held in Manila, will convene leaders from across Southeast Asia to discuss the future of financial technology. The summit will highlight fintech, blockchain, and digital assets, with a particular focus on the Philippines, which is a global leader in Bitcoin and NFT adoption as well as the play-to-earn sector. The event will bring together fintech founders, regulators, and policymakers to explore the future of financial technology in the Philippines and beyond.

Dubai FinTech Summit Co-Hosted by Visa, a Leading Global Digital Payments Company
Visa, a prominent digital payments leader, will co-host the Dubai FinTech Summit scheduled for May 8-9. By co-sponsoring, Visa will leverage its innovative, secure, reliable, and convenient payment network to foster economic growth for individuals, businesses, and economies. The Dubai FinTech Summit welcomes this partnership with Visa, which brings expertise and provides an excellent opportunity to deliberate on the future of financial technology in the region.

US Government Dismisses Crypto Tokens Despite Bitcoin Surge
The crypto market has transitioned from fear to greed as traders are optimistic and hopeful for gains with Bitcoin's recent surge. While investors are considering the end of the bear market, the US government considers crypto assets as lacking fundamental value and not offering an effective alternative to fiat money. According to a recent economic report, the majority of the US Congress shares this sentiment, and digital tokens like cryptocurrencies are not seen as a worthy investment.

Cathie Wood of ARK Foresees More Institutions Being Drawn to Bitcoin Amidst Banking Crisis Surge
Cathie Wood, CEO of ARK Invest, has stated in a recent interview with Bloomberg that Bitcoin's price surge during the current banking crisis will lure more institutions towards the cryptocurrency market. Wood cited Bitcoin's resilience during the crisis as a proof of its growing attractiveness to institutional investors. She also highlighted the significance of Bitcoin's adoption as a mode of payment and store of value in driving institutional interest in the digital currency.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.

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