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FameEX Afternoon Crypto News Recap | March 22, 2023

2023-03-22 16:03:00

Intech Revolution Summit to Highlight the Booming $44B Fintech Market in the Philippines
The Fintech Revolution Summit will take place in Manila and gather leaders from the Southeast Asian fintech industry to discuss the future of financial technology, with a focus on fintech, blockchain, and digital assets. The Philippines is a global leader in Bitcoin and NFT adoption and has made a significant impact in the play-to-earn sector. The event will bring together fintech founders, regulators, and policymakers to discuss the future of financial technology in the Philippines and beyond.

Visa Co-Hosts Dubai FinTech Summit as a Global Leader in Digital Payments
Visa, a global leader in digital payments, will co-host the Dubai FinTech Summit taking place on May 8-9 this year. As a co-host sponsor, Visa aims to connect the world through its innovative, reliable, secure and convenient payments network, enabling individuals, businesses and economies to thrive. The Dubai FinTech Summit welcomes the partnership with Visa as it brings expertise to the event and provides an opportunity to discuss the future of financial technology in the region.

US Government Dismisses Crypto Tokens as Worthless Despite Bitcoin Surge
The crypto market has turned from fear to greed, with traders becoming more optimistic and hoping for gains. Bitcoin's recent surge has led investors to wonder if the bear market is over. However, despite the positive growth, the U.S. government sees crypto assets as having no fundamental value and not offering effective alternatives to fiat money, according to a recent economic report. The majority of U.S. Congress believes that digital tokens, such as cryptocurrencies, are not worth investing in.

ARK's Cathie Wood Predicts That the Surge in Bitcoin Amid the Banking Crisis Will Attract More Institutions
In a recent Bloomberg interview, Cathie Wood, CEO of ARK Invest, expressed her belief that Bitcoin's price surge amid the current banking crisis will attract more institutions to the cryptocurrency market in the future. Wood cited Bitcoin's resilience during the crisis as evidence of its growing appeal to institutional investors. She also emphasized the importance of Bitcoin's increasing adoption as a means of payment and store of value in driving institutional interest in the cryptocurrency.

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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