Day: June 1, 2022

Computer scientists and academics pursue efforts to stop crypto lobbying in US

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Anti-crypto technology experts urged United States lawmakers to resist the influence of pro-crypto lobbying efforts.ย  Bruce Schneier, a lecturer at Harvard, reportedly said that blockchain advocates’s claims are “not true.” He added that the technology is not secure and not really decentralized. According to Schneier, systems where you can “lose your life savings” when you forget your password is โ€œnot a safe system.โ€ Along with other computer scientists and academics, Schneier signed a letter criticizing crypto and blockchain and sent it to U.S. lawmakers in Washington. Software developer Stephen Diehl…

SHOCKING investment comparisons PROVE cryptocurrency's value

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io A quick Google search for cryptocurrency news may make you think the digital form of money is over, is collapsing, and is NOT a smart investment tool. But if you dive into the actual numbers from the last several years, itโ€™s an entirely different story. Glenn and Stu show you how a $10,000 investment just two years ago in the DOW stock market versus in Bitcoin would have ended in DRASTICALLY different resultsโ€ฆ โ–บ Click HERE to subscribe to Glenn Beck โ–บClick…

Binance Labs Raises $500M Fund for Web 3, Blockchain Investments

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Tetherโ€™s reported bank partner Capital Union shares its crypto strategy

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Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry. The banking institution has rolled out crypto trading and custody services to its professional clients as part of the bank’s trading desk, a spokesperson for Capital Union told Cointelegraph on May 31. โ€œWe work with a few selected trading venues and liquidity providers and a handful of custodians and technology providers, which allows us to support a large variety of digital assets as…

Singapore’s Deputy Prime Minister Advises Retail Investors to Steer Clear of Cryptocurrencies โ€“ Regulation Bitcoin News

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Singaporeโ€™s deputy prime minister has advised retail investors to steer clear of cryptocurrencies, citing that they are โ€œhighly risky.โ€ He stressed, โ€œWe cannot express this enough.โ€ Singaporeโ€™s Deputy Prime Minister Warns About Crypto Singaporeโ€™s Deputy Prime Minister Heng Swee Keat reportedly warned retail investors against investing in cryptocurrency Tuesday while speaking at the Asia Tech x Singapore (ATxSG) summit. He said: Retail investors, especially, should steer clear of cryptocurrencies. We cannot express this enough. He brought up the collapse of cryptocurrency terra (LUNA) and algorithmic stablecoin terrausd (UST) to support…

Crypto Exchanges Should Lose Licenses for Laundering Breaches, EU Regulators Say

MiCA should โ€œappropriately integrate AML/CFT issues in prudential supervision of entitiesโ€, said the report, which is looking at whether the anti-money laundering powers contained in rules for different financial sectors are up to scratch. MiCA introduces requirements for stablecoin issuers to hold sufficient capital reserves and to be monitored by regulators such as Germanyโ€™s BaFin. Source

Goldman Sachs reportedly eyes crypto derivatives markets with FTX integration

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Goldman Sachs, one of the leading investment banks in the United States is reportedly trying to onboard some of its derivatives products into FTX.US crypto derivatives offerings. Goldman Sachs has been in talks with FTX over regulatory and public listing help, and aims to expand into crypto derivatives offering by leveraging some of its own derivatives tools and services, reported Barronโ€™s. FTX.US, the U.S. subsidiary of global cryptocurrency exchange FTX is currently seeking to offer brokerage services for its derivatives offerings. This would allow the crypto exchange to handle the…

Bitcoin Ban Fail! Big Ethereum & Matic Crypto News

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Cardano’s (ADA) Bulls Resurface, What Are The Next Target Levels?

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Cardano (ADA) exhibited strength over the last 24 hours as the coin rallied by almost 25%. With Bitcoin trying to climb up on its chart, altcoins have reflected the same price action. Broader market seems to be regaining its lost momentum with major market movers showing signs of recovery. The global cryptocurrency market cap today stood at $1.38 Trillion with a 3.6% increase in the last 24 hours. The buyers have re-entered the market after the bears failed to drag the price below the $0.40 support line. Cardano bounced off…

KuCoin plugs into Web3 with new decentralized wallet

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Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam.ย  KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application which is still in development. The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies including Bitcoin (BTC), Ether (ETH) and Tether (USDT) in addition to other tokens. The wallet is self-custodial, giving users full control and responsibility…