France and Singapore pilot cross-border CBDC transactions
The central banks of France and Singapore are working on a digital currency interoperability system supporting multiple global CBDCs. Go to Source Powered by WPeMatico
Month: July 2021
Young Koreans’ debt soars as they turn to crypto, stocks and real estate
Millennials and Gen Z in South Korea have been struggling to survive an economy characterized by high asset inflation and suppressed wages. Go to Source Powered by WPeMatico
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July 6 letter, which has also been sent to the CEO and … Read more
Poland financial regulator issues public warning about Binance
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said. Go to Source Powered by WPeMatico
Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform
Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic. Anthony Hopkins Stars in Movie Launching as NFT A new feature-length movie starring Anthony Hopkins will premiere on a new … Read more
China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. Go to Source Powered by WPeMatico
Bitcoin price dips below crucial $33K support as Bitfinex whales shorts with over 5,000 BTC
Short selling pressure returns to the market with a trader eyeing a retest of $31,000 as a result of support weakness. Go to Source Powered by WPeMatico
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether
Meitu has reported losses of $17.3 million on its Bitcoin holdings, with its Ether investment having gained $14.7 million despite the recent crypto downturn. Go to Source Powered by WPeMatico
Russia Drafting Law on Confiscation of Crypto Assets
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation to allow for the confiscation of crypto assets found to be proceeds from crime, … Read more
Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%
There are concerns over ShibaSwap’s transparency and security. Go to Source Powered by WPeMatico
