Elon Musk faces class-action suit over mass Twitter layoffs
Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.” Go to Source Powered by WPeMatico
Cryptocurrencies
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Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements
The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance, noting it’s extending the coverage to include blockchain trading platforms. It also clarified certain reporting and identification requirements that apply to crypto transactions. Financial Authorities Adjust Swiss Anti-Money Laundering Rules Concerning Crypto Transfers Following consultations that started earlier this year, the Swiss Financial … Read more
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. Go to Source Powered by WPeMatico
Mastercard adds 7 blockchain startups to its crypto accelerator
The crypto gateway provider Fasset and Singapore’s Digital Treasures Center are among the startups entering the latest Mastercard Start Path program. Go to Source Powered by WPeMatico
Web Summit Lisbon, Nov. 3: Latest updates from Cointelegraph ground team
Day two of Web Summit began with a discussion around NFTs and the future of the metaverse, with major discussions lined up around Web3 throughout the day. Go to Source Powered by WPeMatico
Natural Gas Price Hike Hits Crypto Miners in Iran
Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms … Read more
Crypto Exchanges Must Comply With Russia Sanctions, Singapore Central Bank Says
The Monetary Authority of Singapore (MAS) has reiterated that cryptocurrency exchanges need to conform to restrictions on Russian users imposed over Moscow’s invasion of Ukraine. The reminder comes after researchers established that pro-Russia activists have raised millions of dollars in digital assets to support its war effort. Singapore Says Measures Targeting Russia Apply to All … Read more
Skyward finance exploit allegedly results in $3 million loss
The hacker appears to have drained the platform of 1.1M NEAR tokens, worth an approximate $3 million dollars USD at time of publication. Go to Source Powered by WPeMatico
Switzerland’s financial regulator extends reporting requirements for crypto transactions
FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs. Go to Source Powered by WPeMatico
‘Great cryptocurrencies have to go through several collapses,’ says Cardano founder
According to Charles Hoskinson, projects that have survived both bull and bear markets over the years were “resilient under an adversarial load” — and many DeFi protocols weren’t. Go to Source Powered by WPeMatico