Search Results for: published

‘Big Short’ Investor Michael Burry Doubts SEC Has Resources or IQ to Investigate Crypto Listings on Coinbase Correctly

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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC…

Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’

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The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to lose in crypto. Philippine Central Bank Governor on…

Biden Administration Accused of Propaganda and ‘Redefining’ a Recession’s Technical Definition

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After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession….

Credit Cards Should Not Be Used for Crypto Transactions, Taiwan’s Financial Watchdog Says

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The financial regulator of Taiwan has asked local banks not to allow the use of cards for payments in transactions involving cryptocurrencies, local media revealed. The authority says these assets are risky while associated cash flows are hard to monitor. Taiwanese…

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry

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The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive…

Elon Musk Criticizes Remote Work as Workers Are Increasingly Worried About Surveillance in Metaverse Environments

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Elon Musk, CEO of Tesla and Spacex, said that remote work was no longer acceptable for Tesla workers in May. According to Qatalog and GitLab, remote workers spend extra time weekly trying to prove they are online and working to their…

Video Game Giant Square Enix Plans to Drop a Final Fantasy VII NFT Collection in 2023

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According to the non-fungible token (NFT) company Enjin, the firm has inked a deal with the Japanese entertainment conglomerate and leading video game developer Square Enix. The partnership will produce the launch of Final Fantasy VII 25th Anniversary cards and figures…

Grayscale: Bitcoin Could See Another 5-6 Months of Downward or Sideways Price Movement

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Grayscale Investments has explained that there may be another 250 days of the current bearish crypto market, citing patterns in previous cycles. In addition, “Bitcoin is 222 days off the all-time high, which means we may see another 5-6 months of…

Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv

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Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said….

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

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Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key…