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Federal Reserve Chairman Jerome Powell Faces Political Pressure Over Interest Rate Hikes
28.10.2022
U.S. Senator Sherrod Brown has asked Fed Chair Jerome Powell not to forget the Federal Reserve’s “dual mandate” when making decisions about hiking interest rates at the next Federal Open Market Committee (FOMC) meeting. “It is your job to combat inflation, but at the same...
Crypto incubators have a responsibility to maintain fiscal discipline
24.10.2022
Incubators provide a foundation for many crypto companies and have a responsibility to ensure they’re taking steps to survive in a bear market
Terra Founder Do Kwon Says Luna Collapse ‘My Responsibility Alone’
19.10.2022
Terra (LUNA) founder Do Kwon has said in a recent podcast interview that the collapse of Terra due to design weaknesses is “my responsibility alone,” while admitting that “it’s not easy” to own up to the responsibility.
Speaking in an interview with host Laura Shin on the Unchained Podcast,...
US Fed to Blame for Downturn, Large Crypto Players Have Responsibility Toward Ecosystem - FTX CEO
20.6.2022
With crypto prices continuing to slide, Sam Bankman-Fried, the outspoken CEO of major crypto exchange FTX, argued that the US Federal Reserve (Fed) is to blame for the ongoing downturn, but that large companies such as his have a responsibility to step in and make efforts to contain...
Korean Government Considers Imposing Unified Listing Standard on Crypto Exchanges After LUNA, UST Collapse
28.5.2022
The South Korean government is considering imposing tougher regulations, including a unified listing standard, on all cryptocurrency exchanges in the country following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). Korean Government’s Meeting With Cryptocurrency...
New Generation of Crypto Investors Takes Responsibility Back, Tech Investor Says
28.4.2022
Crypto has brought in a new generation of investors who identify at a personal level with what they invest in, and they’re not necessarily calling for the regulator as soon as they face problems, according to a European blockchain and technology investor....
Read More: New Generation of Crypto...
Axie Infinity Builder Takes ‘Full Responsibility’ for $625M Ronin Hack, Exec Says
8.4.2022
“These are the players who trusted us, and we failed to live up to that trust,” Sky Mavis co-founder Alexsander Larsen said on CoinDesk TV Friday
Axie Infinity Builder Takes ‘Full Responsibility’ for $625M Ronin Hack, Exec Says
8.4.2022
“These are the players who trusted us, and we failed to live up to that trust,” Sky Mavis co-founder Alexsander Larsen said on CoinDesk TV Friday
Foxhole Players Are Striking Over 'Increased Stress And Responsibility'
17.1.2022
Foxhole is a top-down shooter where players can take on various roles in huge battles, one of those roles being logistical, which involves crafting the weapons used in the fight. A group of those players are currently on strike, saying “we believe that Foxhole should not have a gameplay experience...
The responsibility behind a crypto lender’s asset listing
16.10.2021
With the lack of regulation and common standards, a lot depends on crypto companies’ social responsibility and blockchain-based CSR
Uzbekistan Warns Citizens to Avoid Unlicensed Cryptocurrency Exchanges
2.10.2021
A government agency in Uzbekistan has published a list of unauthorized crypto exchanges that residents of the country have been advised to avoid. The trading platforms collect personal data and bear no responsibility for the cryptocurrency transactions, officials have warned. Authorities...
Crypto Exchange Bitbay Passes Audit Under Estonia’s Tougher New Regulations
1.10.2021
Bitbay has become a fully licensed cryptocurrency exchange in Estonia which introduced stricter rules for the industry last year. The European trading platform has recently passed an independent audit that confirmed its “solvency, security and fiscal responsibility.” Audit Examines...
Litecoin's Lee Admits Tweet Screw-Up, Denies Responsibility for Fake News
14.9.2021
e Foundation can do is to make sure they never “screw up” again by tweeting out fake news.Speaking with Bloomberg on Monday, Lee said he first learned about the event when he woke up in the morning to find out that “Walmart is accepting Litecoin.”“I was like, ‘Wow that’s awesome,’ – an
France Proposes EU-Wide Cryptocurrency Regulation
15.7.2021
France has proposed giving more power to the Paris-based European Securities and Markets Authority (ESMA) and making it responsible for cryptocurrency oversight. French regulators say cryptocurrencies need EU-wide regulation. EU-Wide Crypto Regulation With ESMA as Main Supervisor France proposed...
Nintendo Investigated Report Of Forced Uighur Labor
1.7.2021
In spring 2020, the BBC reported that tens of thousands from China’s Uighur ethnic minority group were being forced into factory labor, having no choice whether or not to work in the global supply chain for products made by 83 global brands.Read more
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
28.6.2021
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening...
Crypto E-Commerce Giant Shopping.io Supports eToro Social Impact Non-Profit, GoodDollar
4.6.2021
PRESS RELEASE. Shopping.io – Los Angeles, CA the premier crypto E-commerce platform will donate $50,000 to eToro’s flagship corporate social responsibility project GoodDollar, a non-profit initiative that distributes free crypto-based universal basic income (UBI) as part of its mission...
Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube
3.6.2021
Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image. The judge reportedly said that “Youtube and its parent, Google LLC, are protected by the federal law that shields internet platforms from responsibility for content posted...
South Korean Financial Supervisory Service Tasked With Crypto Market Oversight
31.5.2021
The Financial Supervisory Service of South Korea will lead government efforts to oversee the country’s expanding cryptocurrency market. The agency has been tasked with the job after prolonged discussions over which Korean regulator should be responsible for the industry. Financial Supervisory...
Iran Warns Crypto Investors Amid Ban on Bitcoin Mined Outside Its Borders
8.5.2021
The Central Bank of Iran has issued a warning against unrestrained crypto trading and reminded investors that only cryptocurrencies minted by licensed miners in the Islamic Republic can be used under limited circumstances. Traders will bear full responsibility for the risks, the bank cautioned...