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June 2022

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law

Leave a Comment / Stablecoins /

In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender. The legal framework, which is expected to be rolled out in a year, also stipulates that holders have the right to redeem stablecoins at face […]

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Tesla shares dip on Elon Musk’s plans to cut workforce

Tesla shares dip on Elon Musk’s plans to cut workforce

Leave a Comment / Business, Stock market /

KEY POINTS Tesla shares dipped 8.5% on Friday after news that CEO Elon Musk plans a hiring freeze and 10% job cuts at his electric vehicle and renewable energy company. Cowen equity researchers lowered their Tesla vehicle delivery estimates on Friday, too, citing the impacts of stringent Covid lockdowns that hampered production at Tesla’s Shanghai

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Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people

Pride in the Metaverse: Blockchain tech creates new opportunities for LGBTQ+ people

Leave a Comment / NFTs /

The Metaverse and NFTs are allowing people across the world to celebrate Pride Month in various ways. A number of social gatherings have started to take place in the Metaverse as companies across the globe begin to understand the value that virtual interactive environments can have for consumers. It shouldn’t come as a surprise then that

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CFTC Sues Gemini Over Bitcoin Futures Case From 2017

CFTC Sues Gemini Over Bitcoin Futures Case From 2017

Leave a Comment / Bitcoin News /

Gemini partnered with Cboe to try and launch what would have been the nation’s first bitcoin futures contracts. The Commodity Futures Trading Commission (CFTC) sued Gemini Trust Company LLC Thursday on allegations the crypto exchange’s staff misled the federal regulator during Gemini’s 2017 effort to launch trading of what would have been a landmark bitcoin

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Facebook parent Meta COO Sheryl Sandberg is stepping down

Facebook parent Meta COO Sheryl Sandberg is stepping down

Leave a Comment / Business, Metaverse /

KEY POINTS Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg. Javier Olivan, the company’s chief growth officer, will take over as COO this fall. Sandberg will

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WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT

WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT

Leave a Comment / Bitcoin News /

The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining. The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions. In March 2022, President Biden signed an executive order in a “whole of government” approach to regulate the broader

WHITE HOUSE TO CRAFT BITCOIN MINING POLICY ADDRESSING ENERGY USE: REPORT Read More »

Local Hong Kong Firms Raise Funds for NGOs Through NFTs

Local Hong Kong Firms Raise Funds for NGOs Through NFTs

Leave a Comment / NFTs /

Three local Hong Kong companies are raising funds for non-governmental organisations (NGOs) through non-fungible tokens (NFTs) to support green initiatives and sustainability. In its published introduction video clip, the joint effort from travel lifestyle brand Cathay; children’s support concept The Hub Hong Kong; and Articoin – an innovative Green NFT platform – started with a painting contest

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Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

Tough Crypto Law Expected in Russia Despite Central Bank’s Softer Stance on Crypto Payments

Leave a Comment / Cryptocurrency, Regulation /

The bill “On Digital Currency,” meant to comprehensively regulate crypto transactions in Russia, will be a “tough” law, according to the head of the State Duma Financial Market Committee. The legislation is yet to be finalized and will not be reviewed by lawmakers in the near future, Anatoly Aksakov revealed in an interview, despite Bank

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First Mover Americas: BTC Starts June Trading Flat, Alts Decline

First Mover Americas: BTC Starts June Trading Flat, Alts Decline

Leave a Comment / Crypto Market, Top Alt Coin News /

The latest moves in crypto markets in context for June 1, 2022. Price point: Bitcoin trades flat and altcoins underperform. Market Moves: BTC futures now account for 63% of the open interest in the crypto futures market. Price Point Bitcoin (BTC) opened its first day of trading in June at around $31,800. The world’s largest cryptocurrency by

First Mover Americas: BTC Starts June Trading Flat, Alts Decline Read More »

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