European Investment Bank calls for more ‘innovation’ financing in EU
A new European Investment Bank report highlights the need for increased innovation financing in the EU to maintain tech leadership and compete globally in key sectors like AI and emerging technologies.
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Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term. One of the negatives that may add pressure…
Australian government’s digital business plan includes $5M for blockchain
Australia’s Prime Minister has announced the Federal Government’s biggest investment in blockchain to-date, with two pilots set to receive almost $5 million. The Australian government this week unveiled its $574 million Digital Business Plan that includes seven-figure grants for distributed ledger technology initiatives. Announced by Prime Minister Scott Morrison ahead of next week’s Federal Government budget,…
A week filled with exploits and uncertainty for DeFi: Finance Redefined
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Russian Draft Bill Lacks Core Crypto Terms After Recent Edits
Russian deputies have removed the definition of crypto mining from a draft bill on digital currency regulation ahead of its next reading in the State Duma, major local news agency Interfax reports Oct. 19. Consequently, the new law will not clarify tax issues for miners.The chairman of the Duma Committee on Financial Markets Anatoly Aksakov…
Q3 Crypto Ponzi Victims File Class Action Lawsuit Against Wells Fargo
Q3 Investment Recovery Vehicle (Q3IRV), an entity representing the more than 100 victims of the alleged $35 million Q3 Ponzi scheme, has filed a class-action lawsuit against Wells Fargo Advisors.The suit accuses Wells Fargo of failing to inquire into the activities of an employee accused of co-masterminding the scam.The plaintiffs assert that the Wells Fargo…
Bitcoin May Dip to $6.8K Without New Coronavirus-Style Event — Trader
Bitcoin (BTC) may have come within 2% of $10,000 this week, but its 40% gains in 2020 are now making traders bearish about the future. Speaking to Cointelegraph in a Market discussion on Feb. 7, two trading heavyweights highlighted what they consider to be the increasing potential for Bitcoin to lose value in the short term. DiPasquale:…
Canada’s finance minister resigns, citing ‘serious challenges’ from US
Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet.
Blockchain fintech GammaRey signs $320M merger agreement
GammaRey said it has nearly $800 million in consumer assets. 385 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTAccording to an announcement on Jan.3, blockchain fintech firm GammaRey signed a merger agreement with financial e-commerce and consumer data analytics company GoLogiq. Both companies are based in the U.S.,…