Search
Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
7.9.2022
On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change...
Swan Bitcoin Moves Into TradFi With Platform for Financial Advisors
7.9.2022
The new product allows advisors to manage their client’s bitcoin positions as well as access educational content for clients new to crypto
Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
7.9.2022
Vermont's Department of Financial Regulation alleged that crypto lender Celsius boosted its balance sheet by counting its CEL token holdings as assets, boosting those tokens' value and "artificially inflating" its net value
Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached
7.9.2022
Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions. Financial Authorities...
Russia Shuts off Europe’s Main Gas Pipeline Until the West’s Sanctions Are Lifted, Iran Tempts EU With Similar Deal
5.9.2022
Russia has seemingly drawn a line in the sand and will not turn on Europe’s main gas pipeline until the “collective West” lifts the financial sanctions against the country. The move follows the Nord Stream 1 pipeline allegedly shutting down for “maintenance,”...
Last Chance to Register and Join Industry Leaders at the Largest Financial B2B EXPO
5.9.2022
iFX EXPO Asia 2022 is scheduled for 13-15 September and will take place in Bangkok for the first time ever. The largest financial B2B EXPO will be held in the impressive Centara Grand & Bangkok Convention Centre at CentralWorld. It will bring together thousands of top professionals from online...
Rome’s Financial Volatility to Shock the Eurozone — Hedge Funds Bet $39 Billion Against Italian Debt
4.9.2022
Hedge funds are betting against Rome’s liabilities as S&P Market Intelligence data indicates investors have amassed a $37 billion short bet against Italian debt. The hedge funds are betting large against Italian bonds and investors haven’t bet this high against Rome since 2008...
Deloitte: Nearly 50% of CFOs Surveyed Expect Recession to Hit US Economy This Year
4.9.2022
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end. CFOs...
Fintech Unicorn Flutterwave Granted ‘Game Changing’ License by Nigerian Central Bank
3.9.2022
The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.” The new license is said to allow Flutterwave to “connect every single store...
Metaverse Scammers Have a Bridge to Sell You. This Alabama Regulator Is Fighting Back
1.9.2022
The Alabama regulatory agency is struggling to identify suspects in virtual real estate scams, but that hasn’t stopped them from trying to warn people about the dangers of the metaverse
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry
1.9.2022
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto...
Ukrainian Police Bust Crypto Call Centers Defrauding Investors Across Europe
1.9.2022
Ukrainian investigators have exposed a scheme targeting residents of the country and the European Union with various financial scams, including some related to cryptocurrencies. The criminal organization members contacted their victims through call centers to collect personal financial information....
Bybit Partners Circle Internet Financial
1.9.2022
Bybit and Circle Internet Financial, also known as Circle, have joined hands to further the growth of USDC while allowing traders to leverage the strength and stability of USDC, one of the leading digital currencies globally. The Circle is known for being the issuer of USDC and keeping it available...
Crypto Financial-Services Firm Galaxy Digital Hires Andrew Lace for Its London Trading Division
31.8.2022
The firm has been hiring aggressively despite concerns of a crypto winter and plans to end the year with more than 400 employees
Russian PM Says Digital Assets Are ‘Safe Alternative’ in Foreign Trade, Urges for Ruble Payments
31.8.2022
Russian Prime Minister Mikhail Mishustin has praised digital assets as a payment instrument that could strengthen Russia’s financial independence. The top government official also called for increasing the use of the ruble for international settlements. Head of Russian Government Sees...
Reef’s Highly Anticipated Reef Card Is Officially Available for Crypto Holders
31.8.2022
PRESS RELEASE. London, The UK, August 31st – Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today its highly anticipated Reef Card is now available for people in the United Kingdom and Europe. Reef has been working with Baanx, an experienced partner...
Binance Aus ramping up measures to protect vulnerable users, says CEO
30.8.2022
The general type of people Binance Australia has flagged as vulnerable users are the elderly, people that live in remote areas, or those with disabilities
Russian Crypto Scammers Go Offline, Open Offices, Central Bank Worried About Trend
29.8.2022
An increasing number of financial and crypto pyramids targeting Russian investors have been opening physical offices in the country. The Central Bank of Russia has recently expressed concern over the trend which is seen as an indication that the fraudsters expect growing demand. Russian Crypto...
Robert Kiyosaki Says Real Estate, Stocks, Gold, Silver, Bitcoin Markets Are Crashing — ‘Millions Will Be Wiped Out’
29.8.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has warned that all markets are crashing, specifically naming real estate, stocks, gold, silver, and bitcoin. Referencing his earlier prediction of a bigger crash than during the 2008 financial crisis, Kiyosaki said:...
Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota
28.8.2022
This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North...