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Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

Japan Looks to Stop Sanctioned Russian Entities From Transferring Crypto Assets

Leave a Comment / Cryptocurrency /

As financial authorities around the world continue to target sanctioned Russian entities, regulators in Japan along with the country’s crypto association are attempting to find and close gaps that may be used to circumvent sanctions. The two bodies, however, have said they are not discussing the plan to block all Russians. Calls to Block Russian […]

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Non-crypto natives launch social tokens to engage with community and fans

Non-crypto natives launch social tokens to engage with community and fans

Leave a Comment / Crypto/Blockchain /

Social tokens could be the next big trend in crypto this year, but regulatory concerns and specific use cases remain unclear. The COVID-19 pandemic, along with other recent events, have revealed the need for a fully digital economy, giving rise to Metaverse ecosystems, Web3 platforms and the adoption of digital currencies. For example, the Ukrainian

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UK Regulator FCA Places 50 Crypto Firms Under Investigation

UK Regulator FCA Places 50 Crypto Firms Under Investigation

Leave a Comment / CeFi News, Regulation /

The Financial Conduct Authority (FCA), the United Kingdom’s apex market regulator,  is taking a proactive approach to curbing scams as they are inherent in the fast-growing crypto world. Per a report published by the regulator, as many as 16,400 inquiries were received on its ScamSmart website in the six months leading to September 2021. Of these received

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MoonPay Lands 0K World of Women NFT in Christie’s Auction

MoonPay Lands $750K World of Women NFT in Christie’s Auction

Leave a Comment / NFTs /

Digital currency payments startup, MoonPay, has come off as the lucky winner of an auction for a World of Women (WoW) Non-Fungible Token (NFT). Reportedly, acting on behalf of a client, the WoW NFT #5672 was snapped up for £567,000 ($754,340) at the auction conducted at Christie’s London Evening Sale announced on Tuesday. The WoW NFT is a

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US Virginia Senate allows state banks to offer crypto custody services

US Virginia Senate allows state banks to offer crypto custody services

Leave a Comment / Cryptocurrency, Regulation /

Delegate Christopher T. Head introduced the bill back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services. The Senate of Virginia in the United States unanimously approved a bill amendment request that now allows traditional banks operating in the Commonwealth of Virginia to provide virtual currency custody services. Delegate

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China will raise defense spending by 7.1% in 2022, faster than last year

China will raise defense spending by 7.1% in 2022, faster than last year

Leave a Comment / Global Financial News /

KEY POINTS Defense spending is set to rise by 7.1% to 1.45 trillion yuan ($230.16 billion) this year, China’s Ministry of Finance said in a plan released Saturday. That’s the fastest pace since 2019, when defense spending grew by 7.5%. Total central government expenditures for the general public budget are expected to rise by 14.3%

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NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge

Leave a Comment / NFTs /

The past week’s non-fungible token (NFT) sales have dropped again, following the last few weeks of diminishing volumes. Across 14 blockchains that support NFTs, sales have slipped 29.46% lower than the week prior. Despite the drop in NFT sales volume, NFT sales stemming from the Arbitrum network spiked by 97.53% this week. NFT Interest and

NFT Sales Tumble 29% This Week, Searches for Metaverse-Related Terms Plunge Read More »

Visa, Mastercard Join PayPal in Suspending Russian Operations

Visa, Mastercard Join PayPal in Suspending Russian Operations

3 Comments / Global Financial News /

The payment processors cited Russia’s invasion of Ukraine in announcing the move on Saturday. Visa, Mastercard and PayPal are all suspending operations in Russia, the companies announced Saturday, citing the country’s ongoing invasion of Ukraine. Visa will begin working to discontinue transactions in Russia, but it will take a few days, according to a press statement. Mastercard

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BIG BANK MUSICAL CHAIRS: EXAMINING BITCOIN THROUGH A LENS OF PRICE MANIPULATION

BIG BANK MUSICAL CHAIRS: EXAMINING BITCOIN THROUGH A LENS OF PRICE MANIPULATION

Leave a Comment / Bitcoin News /

Bitcoin’s finite supply poses challenges to big banks’ traditional tactics of price manipulation. PART ONE: BUT THIS IS HOW WE’VE ALWAYS DONE THINGS … There is a great story floating around the web about a married couple and a ham (full story). In brief, the wife is preparing a ham for dinner and in doing

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All the major highlights from Warren Buffett’s annual letter.

All the major highlights from Warren Buffett’s annual letter.

Leave a Comment / Personal Financial Planning /

All the major highlights from Warren Buffett’s annual letter. Warren Buffett released his 2020 Letter to Shareholders  of Berkshire Hathaway this morning. The 10 highlights are: (1) Main takeaway of Warren Buffett’s Letter to Shareholders: Buy and hold U.S. stocks and do not buy bonds at current historically low interest rates. (2) “Berkshire’s 4 most valuable

All the major highlights from Warren Buffett’s annual letter. Read More »

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