News

ChainCatcher news, according to Globenewswire, Genius Group, a Bitcoin treasury company listed on the New York Stock Exchange, announced that it has signed a $14 million equity purchase agreement with Nuanu Creative City to jointly develop the Bitcoin learning community project "Genius City" in Bali. This project will focus on artificial intelligence (digital economy), Bitcoin (tokenized assets), and community, covering early education, primary school, secondary school, higher education, and adult education. In addition, according to BitcoinTreasuries data, Genius Group currently holds a total of 200 BTC.

Jinse Finance reported that Ray Dalio, founder of Bridgewater Associates, published an article today discussing stablecoins and cryptocurrencies. His key points include: 1. He does not believe that relaxing regulations on cryptocurrencies would threaten the US dollar's status as a reserve currency, but the poor debt conditions of the US dollar and other reserve currency governments do affect their attractiveness as reserve currencies and stores of wealth. This has always been one of the factors driving up the prices of gold and cryptocurrencies. 2. He does not believe that stablecoins' exposure to government bonds constitutes a systemic risk. The real risk is the decline in the actual purchasing power of government bonds; if stablecoins are well regulated, this should not create any systemic risk. 3. Cryptocurrencies are now an alternative currency with limited supply. Therefore, all else being equal, if the supply of US dollars increases and/or demand for it decreases, this could make cryptocurrencies an attractive alternative currency.