The Financial Conduct Authority (FCA) – the top monetary regulator in the United Kingdom – proposed to tighten the rules on how high-risk investments such as digital assets are advertised. The watchdo...
Tag: Financial
Bitcoin Mining Ban Proposed by Top EU Financial Regulator
Alex Dovbnya A leading EU financial regulator is calling for prohibiting Bitcoin mining Contents “A national issue” The U.S. is catching up Erik Thedeen, the newly appointed vice chair of ...
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners – Regulation Bitcoin News
Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament, has reiterated a warning for cryptocurrency investors and insisted that Russians owning coins should declare their di...
Key takeaways from J.B. Hunt’s Q4 financial results
J.B. Hunt Transport Services Inc (NASDAQ: JBHT) on Tuesday said its profit and revenue topped Wall Street estimates in the fiscal fourth quarter. Shares weren’t much bothered in extended trading. Q4 f...
FXSpotStream Releases Financial Review of 2021 Average Daily Volume
On January 18, FXSpotStream, a popular multibank FX streamline aggregation and a matching service provider, released a financial review of its FX average daily trading volume of 2021. The company disc...
Big Four Accounting Firm Says Financial Institutions Need Regulatory Clarity on Crypto To Remain Competitive
Ernst & Young, one of the world’s leading accounting institutions, says that financial services firms must learn how to navigate the regulatory issues in the crypto markets to remain competitive. ...
CryptoCom Becomes Financial Backer of the Australian Football League and the AFLW
The digital asset platform CryptoCom inked a five-year collaboration with the AFL to become a financial backer of the Toyota AFL Premiership Season and the NAB AFL Women’s championship. The trading ve...
Italian Financial Regulator Bans Five Websites Offering Financial Services
The Commissione Nazionale per le Società e la Borsa (Consob), the government authority of Italy responsible for regulating the Italian securities market, has added five websites to its register of ban...
Australia’s Financial Watchdog Warns Against Investing Retirement Savings into Crypto
Alex Dovbnya Australians with self-managed super funds should be wary of cryptocurrency ads, says the country’s financial watchdog The Australian Securities and Investments Commission, the count...
Doug Kass: The Era of Irresponsible Bullishness May Soon Be Over
Thursday was an encore presentation, as, for the second time in one week, stocks collapsed. Monday’s market schemissing was followed by yesterday’s vicious decline as the rotation from gro...
Crypto Could Soon Pose Risks to Countries’ Financial Stability – Regulation Bitcoin News
Economists at the International Monetary Fund (IMF) say that “crypto assets are no longer on the fringe of the financial system.” In addition, they “could soon pose risks to financial stability especi...
7 financial planners explain how to invest your money during high inflation
With inflation hitting a 40-year high of 7% last month, Federal Reserve Chair Jerome Powell has vowed to deliver price stability to consumers. But many experts predict higher prices will stick around...
British Lawmakers Say a CBDC Is Likely to Hurt Financial Stability — Digital Pound Benefits Overstated – Fintech Bitcoin News
According to British lawmakers, a central bank digital currency (CBDC) is likely to raise the cost of borrowing while hurting financial stability. They insist the touted potential advantages of a digi...
A Tongan lord plans for financial security
A former member of the Tongan Parliament is behind a proposal to make Bitcoin (BTC) legal tender in the tiny Pacific nation of Tonga, following in the footsteps of El Salvador. It’s due for a vote in ...
Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), is seriously mulling over how to properly regulate stablecoins. The HKMA thinks that while stablecoins still pose a risk to financial...
Financial Guru Dave Ramsey Says Crypto Is ‘Fun,’ Here to Stay, Can Be Part of Portfolios – Featured Bitcoin News
Financial guru Dave Ramsey says crypto is “fun” and can be a small part of investment portfolios. “It’s a commodity. Is it going to be around? Sure, it’s going to be around,” Ramsey said. Dave Ramsey ...
IMF Says Crypto Maturity Comes With Increased Financial Stability Concerns
The International Monetary Fund (IMF) noted that the increased adoption of cryptocurrencies among retail and institutional investors meant that crypto was no longer considered as a fringe asset class,...
Descrytpo Holdings Acquires Areca Financial
Recent name change announcement is joined with its first targeted acquisition, entering the crypto industry and markets West Palm Beach, Florida, Jan. 12, 2022 (GLOBE NEWSWIRE) — Descrypto Holdings,...
Crypto Regulation Coming – Hong Kong Fears Crypto May Endanger Financial System If Not Monitored
Yuri Molchan Hong Kong plans to create a crypto regulation plan by mid-summer and implement it within next few years Contents Hong Kong prepares crypto regulation plan Pantera Capital-backed HK exchan...
IMF Calls Growing Correlation Between Crypto and Financial Markets a Concern
A recent IMF report states that the crypto market is showing an increased correlation with stock markets. It calls this trend a threat that could have effects on global financial markets. The Internat...
Indonesian financial super-app Pluang raises $55 million from Accel
Indonesian investment super-app Pluang has announced a $55 million round led by Accel. A wide range of additional investors also participated in the round, with Monzo COO Sujata Bhatia, Axie Infinity ...
TSR Inc spikes 20% after announcing record second-quarter financial
TSR, Inc. (NASDAQ: TSRI), a company that provides recruiting services and technology consulting, shot up 20% after it announced its record-breaking second-quarter financials for 2021 In this particul...
Ethereum will Be Behind 50% of All Financial Transactions in next 20 years: CIO of Pantera Capital
ETH will be capable of handling 50% of all global financial transactions within the next decade: Joey Krug. Ethereum’s dominance in space has increased from about 100 percent at the beginning of last ...
World’s Leading Platform for Financial NFTs, Pledge Finance, Adds Bitfury CEO to Advisory Board
January 11, 2022 – Palo Alto, California Pledge Finance is pleased to announce Brian Brooks as a strategic advisor. Brian’s impressive resume includes time as CEO for both Bitfury and Binance.US – exp...
Ethereum (ETH) To Be Used in More Than Half of All Financial Transactions in 10 Years: Pantera Capital CIO
Ethereum (ETH) isn’t likely to be threatened by other smart contract platforms, according to Joey Krug, the co-chief investment officer of digital asset investment firm Pantera Capital. In a new inter...
CryptoStudio knowledge and data hub launched to enable financial sovereignty
CryptoStudio is an independent comparison and knowledge hub with data-driven decision-making tools, which will make it possible for users to make informed decisions in crypto markets regardless of the...
50% financial transactions on Ethereum
One of the most interesting issues for the coming year in crypto certainly has to do with whether or not Ethereum’s blockchain supremacy will be maintained, as it faces increasingly fierce competition...
Ethereum Could Soon Be Behind 50% of All Financial Transactions
According to Joey Krug – Chief Investment Officer at digital asset investment firm Pantera Capital – Ethereum will continue to be superior to its rivals. Moreover, the exec believes Vitalik Buterin’s ...
Will scalability issues let Ethereum touch ‘50% of the world’s financial transactions’
One of the most visible victims of the recent bloodbath has been Ethereum‘s native token. Ether has lost 17.3% of its valuation in just the past week. Regardless of this, institutional proponents have...
Ethereum May Facilitate 50% of Global Financial Transactions in Next Decade: Pantera CIO
Pantera Capital’s co-Chief Investment Officer Joey Krug believes that Ethereum will play a central role in global finance in the next ten years. Krug made the comments in an interview with Bloomberg. ...
DeFi Protocol With Over $13,000,000,000 in Total Value Locked Launches Liquidity Pool for Financial Institutions
A crypto protocol that helps investors earn interest is paving the way for mainstream institutions to enter the world of decentralized finance (DeFi). In a joint announcement, Aave (AAVE) says it’s pa...
Ex-US CFTC Chair Advocates Building Financial Infrastructure with Blockchain
Former Chairman of the United States Commodity Futures Trading Commission (CFTC) Christopher Giancarlo slammed handlers of the economy for taking a back seat in financial innovation related to blockch...