“Esto es muy importante porque muestra la voluntad de la corte de adaptarse a las nuevas tecnologías y adoptar la cadena de bloques y, de hecho, intervenir para ayudar a los consumidores donde la legislación y los reguladores anteriores simplemente no podían hacerlo”, dijo a CoinDesk Joanna Bailey, abogada socia de Giambrone & Partners LPP que trabajó en el caso. Source
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the US Dollar, Greenback Skyrockets Against a Basket of Fiat Currencies Even though it was a goal for the European Union (EU) to introduce a sovereign fiat currency for the EU back in the sixties, the…
For the month of June 2022, the US Bureau of Labor Statistics published its Consumer Price Index. The Negative CPI was found to be 9.1%, the largest inflation increase in the US in the previous 40 years. The Federal Reserve’s monetary policy is determined by the CPI, which is a reliable indicator of inflation. Negative CPI Report Causes Bitcoin To Tumble Prior to the release of U.S. inflation statistics on July 12, the price of Bitcoin (BTC) settled into a solid holding pattern, which ultimately added more negative volatility. According…
According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating a fraudulent clone online brokerage has resulted in a legal precedent offering a digital solution to serving someone. On June 24, the judge in the case allowed parties to be served by airdropping NFTs into wallets originally held by D’Aloia but stolen by unnamed individuals. Until now, Civil Procedure Rules in the U.K. allowed lawsuits to be served by…
Before now, Axie Infinity had maintained a solid foothold in the non-fungible token (NFT) space. Through massive sales, it stood as one of the leading and most successful NFT collectibles. The network had recorded almost $4.08 billion in sales volume. But June 2022 sales seem to be a mockery of its feats over the past year. Sky Mavis, a Vietnamese studio, launched Axie Infinity in March 2018. It’s an online video game based on NFTs. The platform has gained popularity from using Ethereum-based tokens through its gaming economy. The gaming…
Barr, who is currently the public policy school dean at the University of Michigan Law School, will also arrive at the Fed with a significant crypto background, having served on the advisory board at Ripple Labs. When he took that job in 2015, he said that he thought “innovation in payments can help make the financial system safer, reduce cost and improve access and efficiency for consumers and businesses alike.” Source
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The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a bearish outlook and it’s no secret that the cryptocurrency has consistently made lower lows since breaching $48,000 in late March. Bitcoin price in USD. Source: TradingView Curiously, the difference in support levels has been getting wider as the correction continues to drain investor confidence and risk appetite. For example, the latest $19,000 baseline is almost $10,000 away from the previous support. So if the same movement is bound to happen, the next logical price…
But financial markets, whether crypto or equity, are generally less worried about inflation’s direct impact on Main Street than about the Federal Reserve’s response via the money supply, aka its overnight interest rate. The muted equities drop so far, even on higher-than-expected numbers, reflects that the Fed has already announced an aggressive schedule of interest rate hikes, plans that have already pushed equity markets down nearly 15% since their January peak. In the parlance, even a higher-than-expected CPI result was to some extent already “priced in.” Source
According to a filing by consulting firm Teneo, which is anticipated to sell the remaining assets of the struggling cryptocurrency hedge fund, the founders of Three Arrows Capital are nowhere to be found. As a result of the dramatic selloff in digital currencies, Three Arrows filed for Chapter 15 bankruptcy in the British Virgin Islands late in June. The move was meant to protect the assets of foreign corporations from US creditors. Three Arrows, co-founded by Kyle Davies and Zhu Su, declared bankruptcy after failing to repay a $670 million…