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Crypto could spark the next financial crisis, says India’s RBI head
22.12.2022
Reserve Bank of India Governor Shaktikanta Das warned that if crypto becomes regulated and is allowed to grow, it could cause the next financial meltdown
Atari’s Shambling, Zombie Corpse Is Once Again In Trouble
21.12.2022
Is it that time already? Atari, whatever that name actually means, is once again announcing it’s having a financial wobble. You could set your watch by how regularly this occurs. Who could have thought that launching a console no one wanted, while investing in crypto grifts, wasn’t the path...
Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022
21.12.2022
At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021
Next Financial Crisis Will Be From Crypto if It's Not Banned: Indian Central Bank Governor
21.12.2022
India's central bank Governor Shaktikanta Das has predicted that the next financial crisis will come from private cryptocurrencies if these are regulated and not banned outright
Payments Giant Visa Proposes Using Ethereum L2 Starknet to Bolster Auto Payments for Self-Custodial Wallets
21.12.2022
Visa, the financial services corporation headquartered in San Francisco, California, published a blog post that talks about leveraging ethereum and the layer two (L2) scaling solution Starknet so people with self-custodial wallets can pay their bills. The blog post notes that while Ethereum doesnt...
Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound
21.12.2022
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and collectors will be selling no matter what happens to financial assets,” he predicted....
Bank of Russia to Test International Crypto Payments With Companies
21.12.2022
The Central Bank of Russia plans to use cryptocurrency for cross-border payments in trials with private companies, a member of its top management has revealed. The testing will be conducted under a special legal regime that’s currently under development. Russia’s Central Bank to Explore Crypto...
Elizabeth Warren's New Financial Surveillance Bill Is a Disaster for Privacy and Civil Liberties
20.12.2022
UK's Financial Services and Markets Bill Should be Passed by Spring 2023, Treasury Says
19.12.2022
The Financial Services and Markets Bill which is currently being debated, will give regulators more power over crypto
SEC Chairman Says Important to Regulate Crypto Issuers and Intermediaries
19.12.2022
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has stressed the importance of bringing “intermediaries and issuers of crypto securities” into compliance. In addition, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC)...
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues
18.12.2022
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn...
Crypto Twitter Speaks Up for Hal Finney’s Account, SBF Was Reportedly Told by Binance CEO: Stop Causing ‘More Damage’ — Bitcoin.com News Week in Review
18.12.2022
Bitcoiners on Twitter recently pleaded with the CEO of the social media platform, Elon Musk, to preserve the account of late computer scientist and bitcoin pioneer Hal Finney. The outcry came after Musk announced that a mass of inactive accounts would be purged. Finney’s wife has since jumped...
Ghanaian Cedi Appreciates by More Than 30% in 4 Days — Currency Recovery Follows IMF Loan Announcement
18.12.2022
Just a few months after it became the world’s worst-performing currency, the Ghanaian cedi’s exchange rate versus the U.S. dollar bounced back from just over 14 units per dollar on Dec. 1, to 8 units for every dollar by Dec. 16, new data has shown. The currency’s resurgence...
Bahrain Telecom Operator Starts Accepting Crypto Payments
18.12.2022
Stc Bahrain, a subsidiary of the Bahrain telecoms operator Stc Group, recently said its partnership arrangement with payment service provider Eazy Financial Services has created an opening that allows clients to pay bills using crypto. According to a statement, the telecom operator’s move...
National Bank of Kazakhstan Publishes Whitepaper for Digital Tenge
18.12.2022
The central bank of Kazakhstan has completed the second phase of testing for its digital currency and published a whitepaper. The studies carried out by the regulator on its introduction did not identify significant risks for the country’s financial stability and economy. Monetary Authority...
Report: FTX Co-Founder Bankman-Fried Plans to Surrender to US Extradition Request
17.12.2022
Disgraced FTX co-founder Sam Bankman-Fried (SBF) has reportedly reversed his decision to contest his extradition to the United States. Bankman-Fried has spent close to five days in the Bahamas Department of Correctional Services (BDOCS) jail Fox Hill, an overcrowded prison known for being filthy...
Bitcoin, Ethereum Technical Analysis: ETH Drops Below $1,200 to Start the Weekend
17.12.2022
Ethereum fell below $1,200 to start the weekend, as prices continued to trade close to a multi-week low. This decline comes as market sentiment remained bearish following a big week of economic data. Bitcoin also extended recent declines, as traders remained nervous following news that financial...
Big Short Investor Michael Burry Says Audits of Crypto Exchanges Like Binance and FTX Are ‘Meaningless’
17.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says the problem with auditing cryptocurrency exchanges, like Binance and FTX, is the same as when he started using a new kind of credit default swap. “Our auditors were learning on the job,”...
US Financial Stability Oversight Council urges congressional action on crypto
16.12.2022
According to the FSOC, issues at FTX had “precipitated price decreases in Bitcoin and other crypto-assets” but “had a limited impact on the broader U.S. financial system.”
Argentine Province of San Luis to Issue Dollar-Pegged Stablecoin and Local Art NFTs
16.12.2022
San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural...