Watchdog alleges Super Micro is riddled with accounting, sanctions scandals
Hindenburg Research has uncovered evidence of big problems with a major AI hardware provider.
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From ‘Ponzi’ to ‘We’re Working on It’ — BIS Chief Reverses Stance on Crypto
The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview with the Financial Times on June 30. Speaking to the publication, BIS chief Augustin Carstens actively endorsed the creation and issuance of digital versions of national fiat currencies. “Many central banks are working on it; we…
On Solid Ground: Stablecoins Thriving Amid Financial Uncertainty
As a new COVID-19 stimulus bill is debated in the United States Senate and Bitcoin (BTC) begins to bounce back from its volatility lows, the demand for stablecoins continues to grow. Powered both by the stability that they provide to tokenholders and the demand created by decentralized finance lending and yield farming, stablecoins — Tether…
Japanese and Singaporean regulators join forces on crypto pilot project
"Decentralized financial ecosystem continues to develop in complexity, and it is important to address emerging risks," said FSA official Mamoru Yanase. On June 26, Japan's financial regulator, the Financial Services Authority (FSA), announced a partnership with the Monetary Authority of Singapore (MAS) for the joint regulation and pilot testing of cryptocurrency projects in accordance with…
Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why
This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users,…
Exclusive: ‘Nothing Is Above Bitcoin, No CBDC, No Stablecoins,’ Says Blockstream CEO Adam Back
In an exclusive interview with Cointelegraph, Blockstream CEO Adam Back stated that for him, nothing is above Bitcoin, not even stablecoins or other coins issued by central banks.Adam Back invented the hashcash proof of work system, and was one of the first people to work with Bitcoin (BTC). In addition, he was present this year…
Binance CEO Says Compliance Is Key for New Strategic Partnership in Japan
Binance, one of the top cryptocurrency exchanges globally, has started discussions regarding a strategic partnership with two Japanese firms.According to a press release on Jan. 17, Binance has begun negotiations with Z Corporation, a subsidiary of Z Holdings formerly known as Yahoo Japan and TaoTao, a Japanese licensed cryptocurrency exchange. The exact details of the partnership…
SEC opposes Richard Heart’s bid to dismiss $1B securities lawsuit
The SEC hit back at Richard Heart’s bid to dismiss its lawsuit, claiming it has sway over him as his alleged illicit securities sales targeted the US.
Is Polkadot eyeing $100 next? DOT price jumps 25% triggering classic bullish chart pattern
Polkadot (DOT) looks poised to rally toward $100 in the coming sessions as it triggers a classic bullish reversal setup.Dubbed Inverse Head and Shoulders (IH&S), the technical structure appears when an instrument forms three troughs in a row, with the middle one, called the Head, being the lowest, and the other two — known as…