More than 500 years elapsed between the founding of the world’s first bank, Monte dei Paschi di Siena, and the creation of the first set of global banking standards: the 1988 Basel accord. By that benchmark, global policymakers are ahead of the curve in devising standards for cryptocurrencies, which emerged just 13 years ago with … Read more
New Delhi: As Russia declared war on Ukraine, most cryptocurrencies went down by a large margin. It is important to note that the markets overall in most financial sectors have gone down, but cryptocurrencies being more volatile than most, went down farther than traditional stocks. Crypto Plunge Bitcoin dropped as much as 8 per cent … Read more
Global stocks and crypto suffer ‘seismic’ tumble after Russia attacks Ukraine | Fortune Source link
The fast-evolving crypto markets could gravely threaten global financial stability if regulators fail to take action, according to the Financial Stability Board (FSB), an international watchdog. In a report published on February 16, the FSB, which monitors financial authorities in 24 nations, reviewed potential vulnerabilities pertaining to unbacked crypto assets such as bitcoins, stablecoins as … Read more
The future of currency! Central Banks’ slayer! Harbinger of a decentralised world! These are some of the radical visions associated with the rise of cryptocurrencies around the world. With more than 3,000 different coins being traded on exchanges, and billions of units mined already, it seems, the world is set to change faster than we … Read more
The largest cryptocurrency in the world by market capitalization, Bitcoin, was down by 0.66 per cent at $43,581.80. Ethereum fell by 2.04 per cent to $3,059.42. Cryptocurrencies.Popular cryptocurrencies Bitcoin and Ethereum have remained flat as volatility gripped the global crypto market. Cryptocurrencies held their position but investors remained wary of the conflict between Russia and … Read more
Bitcoin, the largest cryptocurrency by market cap, was down by 0.53 per cent at $41,971.02. Ethereum was down by 1.77 per cent at $2,863.29. Cryptocurrencies. (Reuters image)Prices of popular cryptocurrencies Bitcoin and Ethereun fell as the global crypto market was treading in red amid escalating tension between Russia and Ukraine, according to details on coindesk. … Read more
Robinhood’s chief brokerage officer said crypto would faciliate the “easiest” means to go global The executive also sided against “meme stocks,” labeling such securities as “probably a fad” Stock trading platform Robinhood is looking to expand internationally with a “crypto-first” approach, according to the company’s chief brokerage officer Steve Quirk. In an interview with CNBC … Read more
LONDON: Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday. The Financial Stability Board, which groups regulators, central banks and finance ministry officials from the G20 economies, is looking at what needs to … Read more
LONDON: Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday. The Financial Stability Board, which groups regulators, central banks and finance ministry officials from the G20 economies, is looking at what needs to … Read more
Mumbai: The worldwide crypto community has lauded India’s announcement to tax cryptocurrencies and develop a blockchain-based, regulator-backed digital currency as a significant step forward toward legitimising the asset class and encouraging innovation in blockchain technology. “This means that India recognises the importance of crypto, digital assets and their underlying technology, blockchain, too,” said Anndy Lian, … Read more
It was one of the most unusual agreements to come from the frenzy of climate activity at COP26 in Glasgow. A tiny blockchain crypto company with the odd name of Chia announced a partnership with the World Bank, one of the largest and most influential financial institutions on the planet. Under a non-exclusive, open-source and … Read more
Comparing the digital currency to inflation and climate change, Indian Prime Minister Narendra Modi has called for worldwide action on cryptocurrencies. As CoinDesk reported Monday (Jan. 17), Modi made his comments during the annual World Economic Forum Davos conference. “Cryptocurrency is an example of the kind of challenges we are facing as a global family … Read more
Prime Minister Narendra Modi on Monday called for synchronised global action to regulate cryptocurrencies, at a time when India is contemplating bringing a legislation to regulate such virtual currencies. Speaking at the virtual summit of the World Economic Forum, Modi said that steps taken by one country to regulate cryptocurrencies may not be sufficient, given … Read more
Political instability in Kazakhstan was front and center last week, as major cryptocurrencies like Bitcoin and Ethereum lost a significant portion of their value.Sources close to the situation say the sell-off was sparked by the central government’s decision to shut down the internet, taking nearly 88,000 regional mines off-line and lowering the total global hashrate, … Read more
The global art market performed at record levels in 2021, with billions of dollars being paid for works by impressionist, postwar and contemporary artists, and much of it bought by people whose wealth comes from cryptocurrencies or other technologies.More than $2.6bn (£2bn) of art was sold in two weeks by leading auction houses in New … Read more
Bitcoin, Ripple, Ethereum, Dash, Monero and Litecoin are displayed In this photo illustration of … [+] digital cryptocurrencies. Global assets in cryptocurrency ETFs surged 549% in 2021 as the number of funds increased 280% (Photo Illustration by Chesnot/Getty Images) Getty Images It’s been a stunning year for the crypto market and an even more stunning … Read more
A stealthy botnet that has infected computers in nearly 100 different countries is silently stealing cryptocurrency from its victims. From November 2020 to November 2021 it hijacked nearly $500,000. Image: getty The Phorpiex botnet has been operating since 2016 and is made up of hundreds of thousands of compromised devices. Back in 2019 it was … Read more
Cryptocurrency is not a global threat as of now and an outright ban on the asset class would be difficult to execute, Gita Gopinath, the chief of International Monetary Fund (IMF) said Thursday.”We (IMF) think it is really not appropriate to make any of these cryptocurrencies legal tender that would be a simple no-no,” Gopinath … Read more
Facebook rebranding itself as Meta is old news, right! While the topic seems a bit dated, the concept has snowballed in making the crypto space more inclusive. A realm that was ignored for trying to better the payment space suddenly started garnering holistic attention. Quite appropriate, isn’t it. And even if you aren’t a crypto … Read more
NEW DELHI: The International Monetary Fund (IMF) has warned of the risks posed by cryptocurrencies, especially in emerging and developing countries, and suggested coordinated action to put in place global standards. “Determining valuation is not the only challenge in the crypto ecosystem: Identification, monitoring, and management of risks defy regulators and firms. These include, for … Read more
With 1bn doses of Covid vaccines expected to arrive in Africa in the coming months, concern has shifted to a global shortage of equipment required to deliver them, such as syringes, as well as insufficient planning in some countries that could create bottlenecks in the rollout.After a troubled start to vaccination programmes on the continent, … Read more
It remains unclear whether the omicron coronavirus variant causes less severe disease, but even if this is true, hospitals could still be overwhelmed by the sheer number of cases Health 6 December 2021 By Michael Le Page A health worker at a covid-19 testing site in Cape Town, South AfricaDwayne Senior/Bloomberg via Getty Images There … Read more
It’s almost two years since we first heard of Covid-19, and a year since the first Covid vaccines were rolled out. Yet this staggering progress is being squandered. We have drifted for months now, with richer countries, taking a very blinkered domestic focus, lulled into thinking that the worst of the pandemic was behind us. … Read more
The cryptocurrency accounts for more than half of the company’s assets, according to documents lodged in the Supreme Court.Another director with access to a further holding of the company’s bitcoin, Sam Lee, had not been responsive when contacted by email and the Chinese messaging service WeChat, the court was told.Blockchain Global’s former director, Allan Guo, … Read more
The coronavirus pandemic had a radical effect on migration, limiting movement despite increasing levels of internal displacement from conflict and climate disasters, the UN’s International Organization for Migration said in a report on Wednesday.Though the number of people who migrated internationally increased to 281 million in 2020 – 9 million more than before Covid-19 – … Read more
The Omicron variant is likely to spread internationally, posing a “very high” global risk where Covid-19 surges could have “severe consequences” in some areas, the World Health Organization (WHO) has said.The UN agency, in technical advice to its 194 member states, urged them to accelerate vaccination of high-priority groups and “ensure mitigation plans are in … Read more
Registered Nurse Savanah Wagstaff watches as Aliza Burns, a nursing student at Brigham Young University–Idaho, treats a coronavirus disease (COVID-19) positive patient in his isolation room at Madison Memorial Hospital in Rexburg, Idaho, U.S., October 28, 2021.Shannon Stapleton | ReutersGlobal markets went into a tailspin Friday following news of a heavily-mutated Covid-19 variant first detected … Read more
INCREASED LIQUIDITY in global financial markets and the Supreme Court order early last year allowing use of banking infrastructure by cryptocurrency platforms has led to top investment firms, such as Tiger Global, Sequoia Capital, B Capital and Andreessen Horowitz, pumping in over half-a-billion dollars in India’s cryptocurrency and blockchain technology space in 2021 so far. … Read more
SignificancePlastic waste causes harm to marine life and has become a major global environmental concern. The recent COVID-19 pandemic has led to an increased demand for single-use plastic, intensifying pressure on this already out-of-control problem. This work shows that more than eight million tons of pandemic-associated plastic waste have been generated globally, with more than … Read more
World Health Organization chief Tedros Adhanom Ghebreyesus attends a ceremony to launch a multiyear partnership with Qatar on making FIFA Football World Cup 2022 and mega sporting events healthy and safe at the WHO headquarters, in Geneva, Switzerland, October 18, 2021. Fabrice Coffrini/ Pool via REUTERSRegister now for FREE unlimited access to reuters.comRegisterGENEVA, Nov 23 … Read more
Published 23 November 2021 Binance, a cryptocurrency exchange, has said it is working with regulators and policymakers to develop a global regulatory framework for the crypto ecosystem. According to a statement, the company is working on a framework that will protect users and allow innovation in the sector. “Amid the recent market highs, an influx … Read more
DUBLIN, Nov. 10, 2021 /PRNewswire/ — The “Crypto Asset Management Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering. The global crypto asset management market size is projected to grow from USD 0.4 billion in 2021 to USD 1.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.5% during the forecast period. … Read more
Fully vaccinated travelers from 33 countries — including the United Kingdom and much of Europe — can now enter the US without needing to quarantine, provided they have proof of vaccination and a negative viral test.Families and friends separated since the start of the pandemic streamed into airports across major European cities on Monday morning, … Read more
Notabene, a New York, NY-based crypto compliance SaaS startup, has raised $10.2 million in a Series A funding round co-led by F-Prime Capital and Jump Capital. The latest investment brings Notabene’s valuation to $45 million. New investors include crypto exchanges Luno and Bitso, who were Notabene’s customers prior to the fundraise, as well as the … Read more
China’s ban on private digital assets will wipe out almost a third of revenues for Huobi Global, one of the world’s largest cryptocurrency exchanges, and force it to look elsewhere for growth, the co-founder said.Huobi is being forced to cut off its clients in China and give up 30 per cent of its revenues because … Read more
Worldwide cases due to Covid-19 were approaching 250 million on Sunday as the surge from the Delta variant eases and more normal trade and tourism resume, although some countries in eastern Europe are experiencing record outbreaks. Over the last three months, the daily average number of cases has fallen by 36%, according to a Reuters … Read more
Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new … Read more
The Lesotho government’s plans to implement a Covid passport system this week are being undermined by widespread fraud involving certificates being sold to unvaccinated people.Covid-19 vaccination certificates are being sold for less than £20 by unscrupulous health workers to the largely vaccine-averse population in Lesotho, where there has been little positive campaigning around the jabs.The … Read more
Tesla, crypto and global stocks fall ahead of a closely-watched Fed meeting | Fortune Source link
(Bloomberg) — Crypto firms that offer stablecoins, blockchain-based decentralized finance apps and services supporting peer-to-peer transactions may be required to keep tabs on their users’ identities and funds as a way of preventing money laundering and terrorism financing, a global watchdog said.In updated guidance issued Thursday, the Financial Action Task Force — which makes anti-money-laundering … Read more
Hanoi, Vietnam, Oct. 17, 2021 (GLOBE NEWSWIRE) — The Demole game is expected to be one of 2021’s most popular play-to-earn NFT games. With partnerships in place with several global crypto and DeFi companies, this exciting new platform has the potential for long-term success as it plans its release later this year. What is the … Read more
FIGI enables interoperability, transparency, and efficiency between industry participantsPublished: Oct. 14, 2021 at 7:00 AM CDT|Updated: 18 minutes agoNEW YORK, Oct. 14, 2021 /PRNewswire/ — Bloomberg and Kaiko are pleased to announce the issuance of the first series of Financial Instrument Global Identifiers covering crypto assets.BloombergThe Financial Instrument Global Identifier (FIGI) is an open standard of … Read more
Singapore is the 10th most crypto aware country, ahead of Hong Kong, according to a new study. (PHOTO: Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SINGAPORE — As the price of Bitcoin soars and cryptocurrency becomes more embedded into our way of life, some countries are adjusting to this new future better than others – and Singapore … Read more
Developing countries are increasingly turning to homegrown Covid vaccinations as the UN-backed Covax programme falls behind.While western countries roll out booster jabs to their own populations, Covax, which was set up by UN agencies, governments and donors to ensure fair access to Covid-19 vaccines for low- and middle-income countries, has said it will miss its … Read more
The recovery from the shock of Covid-19 was quicker and stronger than anybody expected a year-and-a-half ago. This we owe to a big scientific and organisational achievement: the development and mass production of effective vaccines. A depressingly large proportion of humanity is suspicious of this modern miracle. Yet this success and the recovery it has … Read more
NEW DELHI: At a time when the United States has approved Covid-19 booster shots, just 3.5 per cent of Africans are vaccinated, The Hindu reported on Sunday. Quoting World Health Organisation (WHO) Director-General Tedros Adhanom Ghebreyesus, the Indian newspaper underlined Covid-19 vaccine inequity across the world. On Sept 14, Ghebreyesus revealed that “less than 3.5 … Read more