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DeFi and Blockchain 'Are Real' - JPMorgan CEO
6.4.2022
Wall Street investment bank JPMorgan is persuaded that decentralized finance (DeFi) and blockchain technology bring major growth potential, and is determined to remain “at the forefront of this innovation,” Jamie Dimon, the bank’s Chairman and CEO, wrote in his latest letter to the company's...
Interpol Apprehends CEO of Generation Zoe, an Alleged Cryptocurrency Scam in Argentina
6.4.2022
Interpol has managed to apprehend Leonardo Cositorto, the former CEO of Generation Zoe, one of the biggest alleged financial and crypto scam platforms in Argentina. Cositorto was reportedly arrested this week in the Dominican Republic, where he was in charge of a similar platform called Sunrise...
Spanish Securities Watchdog Calls for Search Engines, Social Network Operators to Stop Promoting Unregistered Investment Platforms
6.4.2022
The CNMV, the Spanish securities regulator, has called for large search engines and social networks to stop offering advertising services for platforms that are not registered to offer investment or financial services. The regulator has also stated that it will take matters into its own hands...
Georgian central bank prepares legislation to regulate the crypto market
5.4.2022
The tiny nation in the Caucasus accounts for almost 1% of Bitcoin mining and has over $1 million in under regulated crypto turnover monthly
Singapore aims to streamline financial watchdog's authority over crypto firms
5.4.2022
"We could be exposed to reputational risks brought by DT service providers created in Singapore, and which provide services relating to virtual assets," said Alvin Tan
DeFi Could Rely On CBDC, But More Bridges With Centralized Finance Are Needed - Expert Panel
5.4.2022
As decentralized finance (DeFi) and central banking share a number of objectives, building bridges between decentralized and centralized finance (CeFi) could open up new possibilities for the use of central bank digital currencies (CBDCs) , according to the participants of a debate held by...
Coinbase Focuses on Crypto and Web3 in India — Plans to Hire 1,000 for Indian Hub
5.4.2022
Coinbase is focusing on growing the crypto and Web3 ecosystem in India. “Combined with India’s world-class software talent, we believe that crypto and web3 technology can help accelerate India’s economic and financial inclusion goals,” said CEO Brian Armstrong. Coinbase...
DeFi ‘Crucial’ for Financial Inclusion, CBDCs Still Welcome Despite Being Centralized
4.4.2022
Decentralized finance (DeFi) protocols are “crucial” for financial inclusion, particularly in the developing world. And despite being inherently centralized, central bank digital currencies (CBDCs) are a welcome part of that, said the participants at a discussion hosted by the Bank...
Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets
4.4.2022
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second...
Study: 10% Growth in Crypto Market Cap Reduces Value of African Firms by 0.76%
2.4.2022
A study undertaken by two assistant professors at American University in Cairo (AUC) has suggested that an increase of 10% in the crypto market cap causes the market value of “African micro-entities” to drop by 0.76%. Crypto Market Growth Hurts Less Competitive Sectors According...
US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool
2.4.2022
U.S. Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector. The senator from Texas warned that not only would this CBDC model centralize financial information...
Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC
2.4.2022
According to Patrick Njoroge, the governor of the Kenyan central bank, the significant number of non-smartphones that are in use in Kenya means launching a central bank digital currency (CBDC) now may be premature and could lead to many citizens being financially excluded. Central Bank Mulls...
US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues ‘Odds of Recession Increase’
1.4.2022
As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar’s reserve currency status could...
IMF Warns Russia Sanctions Threaten to Undermine US Dollar Dominance
1.4.2022
Financial sanctions imposed on Russia over its invasion of Ukraine may result in reduced dominance of the U.S. currency, according to a high-ranking official at the International Monetary Fund (IMF). The confrontation could lead to fragmentation of the world’s current monetary system,...
Circle Chooses BNY Mellon to Custody USDC Reserves
1.4.2022
Boston-based Circle Internet Financial has announced the company has selected BNY Mellon to custody the firm’s usd coin (USDC) reserves. The company’s dollar-pegged crypto asset is currently the second-largest stablecoin with a current market capitalization of $51.6 billion....
Michael Saylor: Financial markets are ‘not quite ready’ for Bitcoin bonds
1.4.2022
“Not quite ready” — MicroStrategy CEO Michael Saylor said that traditional financial markets aren’t prepared for bonds backed by Bitcoin
Financial Heavyweight Woori to Launch B2B Crypto Wallet Management Platform
1.4.2022
South Korea’s Woori Fund Service – a part of the financial business group that also comprises the commercial bank heavyweight Woori Bank – will team up with the domestic crypto exchange GDAC to unveil a business-to-business (B2B) crypto wallet management solution.
Hanguk Kyungjae reported that...
Apple's Plan for Future Financial Products, Binance Enters GRAMMY + More News
31.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____
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Read More: Apple's Plan for Future Financial Products, Binance Enters GRAMMY + More News
FCA Extends Deadline for Crypto Firms to Meet Regulatory Requirements in UK — 33 Firms Licensed so Far
31.3.2022
The U.K. financial regulator, the Financial Conduct Authority (FCA), has extended its April 1 registration deadline for a number of crypto firms to meet its regulatory requirements. The British regulator has registered 33 crypto firms so far and 12 firms are holding temporary registration....
Financial Markets Not Ready for Bitcoin-Backed Bonds – MicroStrategy CEO
31.3.2022
The financial markets of the world are not ready for bonds backed by bitcoin (BTC) yet, according to the CEO of the enterprise software firm MicroStrategy, Michael Saylor. However, El Salvador’s planned “volcano bonds” could be a different story....
Read More: Financial Markets Not Ready...