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Bitcoin's banking crisis surge will 'attract more institutions': ARK's Cathie Wood

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Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis. The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis , which will only “ attract more institutions ” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis “is going to attract more institutions.” “The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive,” she added. ARK Investment Management CEO Cathie Wood says the behavior of the Bitcoin's price through the latest banking turmoil will attract more institutions and investors https://t.co/2d8cT7SX3n pic.twitter.com/Eaymh05lhq — Bloomberg Crypto (@crypto) March 21, 2023 Institutional interest in Bitcoin may have already arrived according to Oliver...

Nigerian president-elect aims to use blockchain technology in the banking sector

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The Nigerian president-elect wants to review existing SEC digital asset regulations to stimulate economic growth. Nigerian President-elect Bola Tinubu has recently released a manifesto that, if implemented, would enable the use of blockchain technology and Cryptocurrencies in the nation’s Banking and Finance sector . The manifesto suggests reviewing existing Security Exchange Commission (SEC) regulations on digital assets to make them more business-friendly. The new regulation provides a framework for regulating digital assets like cryptocurrencies and other digital tokens in Nigeria. The suggested regulations would require digital asset companies to register with the SEC and mandate that all digital asset offerings and investments comply with SEC regulations. Nigeria's President-elect, Bola Tinubu. In the manifesto, Tinubu said: “We will reform the policy to encourage the prudent use of blockchain technology in Banking and finance, identity management, revenue collection and ...