FCA veteran becomes interim head of financial regulator’s digital assets unit

Victoria McLoughlin, who has worked more than 11 years at the Financial Conduct Authority, is temporarily heading the digital assets department of the United Kingdomโ€™s financial watchdog. According to a Tuesday post on LinkedIn, McLoughlin assumed the position of interim head of the department of the regulatorโ€™s digital assets unit in April after serving as supervision manager of crypto assets and digital markets for more than two years. The FCA veteran started working for the financial watchdog in 2009 as an associate, later moving on to oversee supervision of virtual…

Fedโ€™s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin โ€“ Economics Bitcoin News

As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserveโ€™s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs to use caution. Atlanta Fed President Raphael Bostic: โ€˜The Fed Needs to Be Cautious as We Move Forwardโ€™ The U.S. economy looks bleak after two years of abnormal inefficiencies that have plagued the citizenryโ€™s wealth.…

Blockchain games are leading the DApp industry, says latest DappRadar report

Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for total Q1 investment is $2.5 billion. Venture capitalists and other investors raised $4 billion in 2021. The biggest deals listed in the report include Animoca Brands raising $360 million, bringing its valuation to $5 billion and becoming a leading Web3 brand. Sequoia Capital led a $450 million investment…

Will Rising Interest Rates Sink the Crypto Ecosystem?

But there are also significant structural and transparency differences in crypto that make an impact. Most of all, a conventional startup with high spending in excess of income, or โ€œburn rate,โ€ will see its equity value drop faster in a higher interest rate environment because โ€œburnโ€ implies future borrowing. But in crypto, the โ€œburn rateโ€ of a blockchain is not collated in a single place โ€“ arguably, it is instead spread out among the various maintainers and contributors in a way thatโ€™s hard to read. In other words, itโ€™s more…

TradeStars Aims To Impress As The Platform Launches New DFS Feature โ€“ Press release Bitcoin News

press release PRESS RELEASE. TradeStars has recently announced the launch of their brand new feature, Daily Fantasy Sports (DFS). The launch of DFS shall link the DeFi trading layer with that of the DFS gaming layer via that of a P2E (Play To Earn) model. In this way, TradeStars users can seamlessly trade fantasy stocks in addition to also being allowed to compete against one another through various kinds of DFS contests as well as be able to earn digital and monetary rewards. Why is this important? Fantasy sports has…

How Bitcoin Futures Premiums Exhibit Signs Of Market Exhaustion

Bitcoin futures premiums have been consistently trending in the low for some time now. There have been instances where they have broken out of this trend of low performance, but they seem to fall right back in. This does not spell all bad news for the futures premiums as it hints at exhaustion coming. This is attributed to the premiums trading close to yearly lows indicating that it is nearly a point of exhaustion across the board. Bitcoin Futures Premiums Down The reason behind the bitcoin futures premiums being down…

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