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Regulation of Cryptocurrency in South Africa Should Not Scare Away Investors Experts Say
30.7.2022
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into...
Deposits at non-bank entities, including crypto firms, are not insured — FDIC
29.7.2022
The government agency said that while deposits at insured banks were covered for up to $250,000, no such protections applied to those at crypto companies
Report: IMF Warns Kenyan Central Bank Against Introducing a CBDC That Harms Fintechs and Banks
29.7.2022
The global lending institution, the International Monetary Fund (IMF) has told the Kenyan central bank that its proposed digital shilling must “do no harm” to existing private sector digital money. The lender insisted the proposed central bank digital currency (CBDC) must “not...
Meta’s Metaverse Is Still Not Profitable: Reality Labs Unit Registers $2.8 Billion Losses During Q2
29.7.2022
Meta, the social media company, has reported that its metaverse division, the Reality Labs Unit, is shedding lots of money. In its recent earnings call, the company informed that, while the Reality Labs unit managed to pull more than $400 million in sales, its losses reached $2.8 billion, mainly...
Tokenomics not Ponzi-nomics: Influencing behavior, making money
28.7.2022
UK Law Commission Publishes Proposals to Reform Laws Relating to Digital Assets — Says Reforms Must Not ‘Stifle Development’
28.7.2022
According to the Law Commission, the United Kingdom statutory body, digital assets play an increasingly important role in modern society and as such, the law relating to these must be reviewed. Reforming the laws will not only protect the rights of users and maximize the potential of digital assets...
Vitalik Buterin says The Merge is Not 'Priced in' as Investor Promises to Fork Ethereum
28.7.2022
Ethereum (ETH) co-founder Vitalik Buterin argued that The Merge is not "priced in," not only in market terms, but also in psychological narrative terms. Meanwhile, a well-known investor has voiced his plans to fork Ethereum.
Commenting on the morale around Ethereum developers during this year's...
Celsius and BitConnect: Not So Different?
27.7.2022
Celsius may not have been as blatantly criminal as the infamous BitConnect pyramid scheme. But the parallels should have drawn more regulatory scrutiny
Direct Blockchain Scrutiny Can Spot Financial Hacks, but Not Easily, German Study Says
27.7.2022
Officials can cut out the middleman by directly examining public ledgers, a report published by the BaFin financial regulator said – but at a cost
Wazamba
27.7.2022
Wazamba is a super duper innovative online casino with SportsBook from 2019. They offer a wide variety of casino games and sports with high odds. Wazamba will not compromise with the outlook and quality of games. Their motive is to … Continued
The post Wazamba appeared first on WINBTC.NET
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
27.7.2022
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls
The SEC Is Providing Regulatory Clarity, Just Not How Anyone Wants
26.7.2022
The Securities and Exchange Commission was pretty clear about why it deemed nine cryptocurrencies “securities” last week, and that’s clearly an opening salvo
Solana said to be ‘more decentralized than people think,’ but there’s more
26.7.2022
Unstoppable Finance argued that Solana’s validator count and Nakamoto coefficient are higher than other blockchains, making it more decentralized
Official explains why China CBDC should not be as anonymous as cash
26.7.2022
While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said
FBI Warns Crypto Owners Not to Fall for ‘Liquidity Mining Scam’
26.7.2022
The Federal Bureau of Investigation (FBI) has warned crypto investors about a scam using an investment strategy called liquidity mining. “This scam has been responsible for over $70 million in combined victim losses,” said the law enforcement agency. FBI Warns of Crypto Liquidity...
Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’
26.7.2022
The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on Crypto Regulation Felipe...
Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition
25.7.2022
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite...
Stablecoin projects need collaboration, not competition: Frax founder
25.7.2022
As long as stablecoin “liquidity is growing proportionally with each other," there won’t ever be true competition between stablecoins, says Frax Finance's Sam Kazemian
Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says
24.7.2022
The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese Regulator Urges Banks Not...
Argentinian Government Excludes Crypto Investors From Buying Dollars
24.7.2022
The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased...