Wall Street sounds AI bubble alarm — Will crypto AI projects survive?
After Black Monday, the stock market fears recession and Wall Street predicts an AI bubble burst, with Nvidia and tech stocks under pressure. Will crypto AI projects survive?
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Reserve Bank of India Denies Knowledge, Involvement in Draft Bill to Ban Crypto Entirely
The Reserve Bank of India (RBI) has denied having any knowledge or involvement in a draft government bill that would ban cryptocurrencies, an official document released on June 4 shows.Varun Sethi, a lawyer specializing in blockchain, filed a Right to Information request with the RBI following a report by India media outlet the Economic Times in April that suggested several government…
Digital decentralization is just the beginning. The real world will follow
Decentralization is not a luxury; it is a necessity. In a prescient article in The Atlantic back in 2012, science fiction writer Bruce Sterling referred to the likes of Amazon, Facebook and Google as “The Stacks,” predicting the insidious power grab that has happened in the last decade. As the giant tech companies consume more…
UK financial watchdog is investigating 50 unauthorized crypto firms
The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams." 365 Total views 3 Total shares The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on…
Crypto ATMs emerging as popular method for crypto scam payments: FBI
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers. 335 Total views 7 Total shares The Federal Bureau of Investigation (FBI) Miami Field Office has warned that crypto ATMs are emerging as a popular method that scammers…
Finance Redefined: UK government explores DeFi with a focus on staking and lending
Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem got recognition from the United Kingdom government, as they sought public feedback on taxation of the DeFi ecosystem, especially staking and lending.MakerDAO…
EU-regulated firm Banking Circle adopts USDC stablecoin
Banking Circle was launched in 2016 with a mission to help payments businesses reach new global markets, avoiding the burdens of traditional banking. 218 Total views 5 Total shares Banking Circle, a European bank focused on cross-border payments, is adopting a major U.S. dollar-pegged stablecoin for payment rails.The firm officially announced on Friday the adoption…
European Central Bank Policy Maker Calls Crypto ‘a Fairy-Tale Story’
A member of the Governing Council of the European Central Bank (ECB) has warned that “the [cryptocurrency] bubble has already started to collapse,” Bloomberg reported Jan. 7.Speaking at a conference in Riga, Latvia, Ardo Hansson — also the governor of Estonia’s central bank — stated that digital currencies will end up as a “complete load…
Crypto exchange’s Twitter gets hacked by ‘disgruntled employee’
Latoken’s Twitter account started to publish accusations of scams and mistreating employees. 551 Total views 5 Total shares The Twitter account of the Russian crypto exchange Latoken seems to have been breached by a hacher that started posting allegations that the exchange is a scam. According to the posts, the exchange is promoting “scam IEOs”…