The company said it was speaking with depositors looking to help the business by โrolling some of their deposits into equity.โ Source
CoinFlex Begins Arbitration to Recover $84M in Delinquent Debt
Day: July 11, 2022
Dutch bank ING sells digital asset tool Pyctor to GMEX
ING Group, Dutch multinational banking and financial services corporation, has spun out its digital asset business Pyctor to multi-asset trading infrastructure firm GMEX. GMEX has acquired INGโs institutional-grade digital asset custody solution Pyctor in a multi-million dollar deal, the companies said in a joint announcement on Monday. The Pyctor offering compliments GMEXโs MultiHub service, an institutional cross-platform business launched last year with the mission to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi), GMEX CEO Hirander Misra told Cointelegraph. Pyctor expands MultiHub with a number of digital…
Venezuela Ranks Third Among Countries With Most Crypto Adoption โ Emerging Markets Bitcoin News
Venezuela, one of the first countries in Latam to be considered โcrypto-friendlyโ by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic was one of the main catalysts for this growth. Venezuela Among Countries With Most Crypto Adoption A report issued by the United Nations Conference on Trade and Development has found that Venezuela ranks third among…
Top 10 Reasons to Learn Blockchain in 2022 | Blockchain Technology | What Is Blockchain |Simplilearn
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Blockchain and Cryptocurrencies are the talks of the town these days, with ICOs, Ethereum, and Bitcoin being the most popular, with Blockchain being one of them. Because of how quickly its value rises, it attracts the attention of many individuals. However, it is unclear why you should learn about the space and join this professional platform. In this video, we cover the Top 10 reasons to learn Blockchain in 2022 that will help get a better glance at why you should learn…
This Messaging App Lets You Pay With Crypto
Messaging apps are commonly used for online communication. However, things have progressed to the point where such apps now include a wide range of integrations. Online communication has gone beyond the mere purpose of messaging to include sharing media, contacts, and documents. The most recent trend is the integration of online payments. For example, Messaging applications incorporate payment systems, allowing users to transfer money with only a few clicks. Thus, although fiat payments dominate the present scene, a new age of crypto payments is emerging steadily. The benefits of speed,…
Terra crash highlights stablecoin risk to financial stability: ECB
The European Central Bank (ECB) has released aย reportย analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system. A section of the report dedicated to stablecoins discussed the central role that it plays in the current ecosystem. Stablecoins are increasingly used to interlink various blockchain networks and play a critical role in offering liquidity to the decentralized finance (DeFi) ecosystem. The report further analyzed whether these stablecoins could find a place in the traditional financial system, but concluded that a…
Want a compelling use case for privacy blockchains? Look no further than dating
The excitement surrounding Web3 is palpable โ and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable. But at this point, it’s worth taking a step back and reflecting on the challenges that the Web3 world still needs to tackle. This technology isn’t inherently private โ and the transactions bouncing around on blockchains are mostly transparent. Privacy coins, and the anonymizing blockchains they’re normally based on, are normally viewed with suspicion by critics.…
Global Financial Watchdog FSB to Propose Crypto Regulations in October
“The FSB is working to ensure that crypto-assets are subject to robust regulation and supervision,” the statement said, adding the recent “turmoil” in crypto markets highlights the intrinsic volatility and structural vulnerabilities as well as the increasing interconnectedness between crypto markets and the traditional financial system. Source
Twitter Shares Down 6.6% Following Elon Musk's Scrapped Takeover
Twitter (TWTR) shares were down 6.6% in pre-market trading following Elon Musk’s decision to scrap his planned $42 billion takeover of the social media platform. Source
Union Budget 2022: Is 'Cryptocurrency' legal now?
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io Virtual asset income would be taxed at 30%, according to Union Finance Minister Nirmala Sitharaman, who presented the FY23 Budget to parliament on February 1. On these investments, 1% TDS (tax deducted at source) will be deducted. The tax regime, however, signifies that the government has legalised cryptocurrencies as an asset, according to the experts. PM Modi chaired a meeting on the future of bitcoin on November 13, 2021, and raised the issue of deceptive non-transparent cryptocurrency advertising. ๐ดWatch ABP News Live…