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” ‘Brutal and unrelentingly hard’: Singapore regulator’s clampdown on crypto “ Singapore’s financial regulator and central bank has pledged to be “brutal and unrelentingly hard” on any “bad behavior” from the cryptocurrency industry. The comments come from Monetary Authority of Singapore (MAS)’s chief fintech officer Sopnendu Mohanty, explaining in an interview that “if somebody has…
” Sweeping layoffs, hiring, and firing as crypto prices take a massive downturn “ Many in the crypto world have been glued to their screens with eyes dead set on financial conditions this week. That isn’t the case for everyone though, as thousands are suddenly experiencing woes of sudden unemployment. Words of encouragement and sympathy…
” Banking uses 56 times more energy than Bitcoin: Valuechain report “ Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world’s largest cryptocurrency in a new light. A research report published by Michel Khazzaka, an IT engineer, cryptographer and consultant, calculates that Bitcoin payments are…
” NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund “ The price of Nexo (NEXO) continued to fall on June 15, as Nexo denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund facing insolvency risks. NEXO price suffers on DeFi contagion fears NEXO, which…
“Terror-finance rulings the Supremes must strike down, despite Biden’s pleas” The Supreme Court is set to decide if it will consider two important terror-financing cases centering on the ability of Americans who have been harmed in terrorist attacks to seek redress against financial institutions that knowingly funnel money to fronts for terrorist organizations such as…
” Bitcoin and banking’s differing energy narratives are a matter of perspective “ The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments,…
” Blockchain for sustainable development: The case of Ghana “ How blockchain technology might help developing economies to increase financial inclusion — a closer look at financial services in Ghana. <p>In modern times of rapid globalization and digitization, technological developments have now reached such proportions that the usage of cryptocurrencies is no new phenomenon. The…
” Crypto 401(k): Sound financial planning or gambling with the future? “ In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future. A 401(k) is a retirement savings…
” Swinburne Uni brings Web3 firms to class “ Australia’s Swinburne University of Technology has partnered with two financial technology firms which will provide its students exposure to the financial technology and cryptocurrency business world. The partnership is between Swinburne and small business loan provider Judo Bank along with Banxa, a payment service provider with…
” German BaFin official calls for ‘innovative’ EU-wide DeFi regulation “ Birgit Rodolphe, an executive director at Germany’s Federal Financial Supervisory Authority (BaFin) has called for innovative and uniform regulation of the decentralized finance (DeFi) space throughout the European Union (EU). BaFin is Germany’s financial regulatory body responsible for regulating banks, insurance firms, and financial…