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Crypto Watch: Putin, Amber Group Co-founder Dies, and Dogecoin Surge

Steve Miley trader
Updated 28 Nov 2022

Putin calls for an international payments system based on blockchain, Amber Group Co-founder dies unexpectedly, and Dogecoin leaps higher after Elon Musk Tweet.

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Putin Calls for An International Payments System Based on Blockchain

Russia’s President, Vladimir Putin, spoke at the International AI Journey Conference and called for an independent system to be established for a new blockchain- and digital currencies-based international payments system.

Speaking at a conference in Moscow organised by Russia’s largest bank, Sberbank, he said, “The technology of digital currencies and blockchains can be used to create a new system of international settlements that will be much more convenient, absolutely safe for its users and, most importantly, will not depend on banks or interference by third countries.”

He added, “I am confident that something like this will certainly be created and will develop because nobody likes the dictate of monopolists, which is harming all parties, including the monopolists themselves.”

Amber Group Co-founder Dies

Tiantian Kullander, who was a co-founder of the digital asset company, Amber Group, has died ‘unexpectedly’ at the age of 30. A spokesman for Hong Kong-based cryptocurrency company said Kullander, known as TT, passed away in his sleep. He was a former Morgan Stanley and Goldman Sachs trader and founded the Amber Group in 2017, which was valued at $3 billion in recent months.

Dogecoin Surges on Musk Tweet

Source: IG.com

Dogecoin (DOGE) leapt higher on Sunday after a Tweet from Elon Musk regarding his plans for Twitter 2.0. Although not directly referencing Dogecoin, a shared image simply stated “Payments” and it has become the assumption (possibly wrongly), that Dogecoin could be incorporated with Twitter payments. This has been fuelled by Musk’s previous floating of the idea of using the meme coin as a payment method for the Twitter Blue service.

Steve has 29 years of financial market experience including 3 years at Credit Suisse and 15 years at Merril Lynch. Steve is the Academic Dean for The London School of Wealth Management and has won many awards from Technical Analyst Magazine.