currencies

David Jeans / Forbes: Adam Neumann's real estate startup Flow plans to launch a digital wallet for crypto and fiat currencies and may offer a tokenized rewards program — Updated: When Adam Neumann revealed his new venture to WeWork-ify the residential real estate sector Tuesday, backed by a $350 million investment … David Jeans / Forbes: Adam Neumann's real estate startup Flow plans to launch a digital wallet for crypto and fiat currencies and may offer a tokenized rewards program …

Jtsorrell | Istock | Getty ImagesCandidates running for election in the 2022 midterms could see a boost to their campaign war chests with the launch of a fundraising platform that will accept and process crypto donations.The new platform, titled Engage Raise, is set to launch in July and will allow federal candidates to raise campaign cash solely through cryptocurrencies.Crypto executives have contributed more than $30 million toward federal candidates and campaigns since the start of the 2020 election cycle, with more…

Sounding a note of caution, Chief Economic Adviser V Anantha Nageswaran said that the crypto currencies have yet to pass the test to become fiat currency and at the same time it would be difficult to regulate them. He further said that unlike fiat money, crypto currencies cannot satisfy basic requirements such as having store value, widespread acceptability and unit of account. Referring to decentralised finance (DeFI), he said: "In my opinion, while it is considered innovation, I would reserve my judgement whether it is…

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse.Nurphoto | Getty ImagesSeveral cryptocurrency industry players have told CNBC that thousands of digital tokens are likely to collapse while the number of blockchains in existence will also fall over the coming years.There are more than 19,000 cryptocurrencies in existence and dozens of…