cryptocurrencies
Top StoriesCrypto Firms Seek Clearer U.S. Rules on Their Interest-Bearing Products
Trading“The Irresistible Rise of Digital Assets – How Consumer Demand Is Driving Crypto”
Top StoriesDollar Roars to Two-Year High on Growth Fears and Rate Bets
Top StoriesGraphic Chip Price Drop Raises Questions on Whether End of Shortage Is in Sight
Crypto Exchange Binance Curbs Services in Russia
Date: April 21, 2022
By Tom Wilson, Mrinmay Dey and Akriti Sharma (Reuters) -The world’s largest cryptocurrency exchange is deactivating the accounts of its major clients in Russia, it said on Thursday, cutting back its services in the country in line with European Union sanctions. Binance told users that Russian nationals and people living in the country, as well...
Will Banks Embrace Decentralised Finance?
Date: April 20, 2022
As decentralised finance (DeFi) evolves, it is attracting the attention of traditional (centralised) banks. Here Rivo Uibo, Co-founder and Chief Business Officer at Tuum explores the rise of cryptocurrencies and DeFi and looks at why and how banks are beginning to get involved and the potential gains to be had by banks’ involvement. The last...
New U.S. Sanctions for Russian Bank, Oligarchs, Crypto Miner BitRiver
Date: April 20, 2022
By Daphne Psaledakis and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The U.S. Treasury Department said it designated a virtual currency...
European Crypto Industry Steps up Efforts to Influence EU Policy
Date: April 19, 2022
By Elizabeth Howcroft LONDON (Reuters) – More than 40 crypto business leaders have asked the European Union not to require crypto firms to disclose transaction details and dial down attempts to bring to heel rapidly growing decentralised finance platforms. The European Union, like countries and jurisdictions across the globe, is working to tame the freewheeling...
Cryptoverse: Gold Coins Glimmer Amid the Global Gloom
Date: April 19, 2022
By Lisa Pauline Mattackal and Medha Singh (Reuters) – A fledgling class of crypto that feasts on risk is outshining a wider market paralyzed by war and inflation. Coins backed by gold are newer variants of “stablecoins”, which are typically pegged to the dollar to tame volatility. The largest, Pax Gold or PAXG, has jumped...
Business and Predictions in the Digital Age
Date: April 18, 2022
By Michael Kodari, CEO of KOSEC – Kodari Securities Decentralised finance (DeFi) In recent times, de-centralised Finance (DeFi) has become a hotbed of new investor activity, yet increasingly, it is also facing mounting interest from regulators curious to understand and incorporate its benefits. Generally speaking, De-centralised Finance (DeFi) is a concept emerging from blockchain utility,...