Day: October 25, 2022

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Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal – Economics Bitcoin News

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British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current economic woes are the result of a poorly negotiated Brexit deal and not the Liz Truss government’s controversial tax cut proposals. Billionaire Says Poor Brexit Deal Is Source of UK’s Economic Woes The British billionaire investor Guy Hands has warned that Britain needs to renegotiate…

BIS, UN, Hong Kong Monetary Authority concludes tokenized green bonds trial

The Bank for International Settlements (BIS), the Hong Kong Monetary Authority and the United Nations Climate Change Global Innovation Hub presented the results of their “Genesis 2.0” initiative. The project aims to explore the use of blockchain, smart contracts and the internet of things (IoT) for a global environment cause.  The project resulted in two prototypes of tokenized green bonds, developed by two separate international teams, which are “de facto verified carbon credits” recognized by either international, national or other verification mechanisms. As specified in the press release from Oct.…

Robinhood Allows Crypto Customers to Trade Aave and Tezos

Robinhood also recently announced it has launched its beta Web3 wallet and allowed 10,000 waitlisted customers to participate in the testing phase. Popular crypto trading app Robinhood has announced support for Tezos (XTZ) and Aave (AAVE), meaning users can buy and sell them on any of its platforms. The 18.7 million active monthly users would also have the option to trade Solana, Polygon, and Avalanche which were added this year. Today’s addition brings the total crypto offerings to 19 assets. Robinhood also listed its first stablecoin last month in the…

Bank of America Downgrades Meta from ‘Buy’ to ‘Neutral’

According to the Bank of America, Meta could bend to advertising spending pressure in the coming year, and this would result in cutting budgets. American multinational investment bank the Bank of America (NYSE: BAC) has downgraded Facebook’s parent company Meta (NASDAQ: META) from “buy” to “neutral.” Also, the financial institution cut the company’s price target on the stock from $196 to $150. Meta is up 0.6% to $129.80 in extended trading hours at press time. The technology company lost about 4% in early trading Monday and closed at a loss…

Twitter Is Developing Its Own Crypto Wallet

Before the news of a Twitter crypto wallet, the social media platform has been supporting cryptocurrencies. Social network company Twitter (NYSE: TWTR) is reportedly working on its own crypto wallet. The matter was revealed by tech blogger Jane Manchun Wong, who is famous for reporting to-be-launched tech features. According to the report, the project is currently under development. When should we expect it? Would it be available to all Twitter users? Will it support all cryptocurrencies? None of these questions have been answered yet. Twitter Is Reportedly Developing Crypto Wallet…

Celsius Once Solicited Donations for Ukraine. Here’s What Happened Next.

The reality is this is closer to a case of much ado about nothing. Celsius didn’t receive a material amount of funds from its donation drive, and what little bitcoin it did get it sent on to Ukraine. The ether stayed in the wallet, but in the amount in question is the equivalent of a rounding error. The firm’s poor public image, however, and the choice to use its own wallets and not well-publicized Ukrainian wallets, encourages some conspiracy theory narratives. Source

Asteroid Mining: How to mine in space instead of on earth

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Asteroid mining might sound crazy, but it could actually become a more sustainable alternative to mining on earth. Precious metals like gold and platinum are crucial for green technologies, yet extracting them destroys the environment. But what if we could prevent that by mining in space? Read more: The environmental benefits of mining asteroids: and: Asteroid mining 101: The environmental costs of platinum: Reduction in space cost: #PlanetA #Meteorites #SpaceMining We’re destroying our environment at an alarming rate. But it doesn’t need…

US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator – Regulation Bitcoin News

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The United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business. Violation of the Bank Secrecy Act The United States Department of Justice (DOJ) is reportedly suing Larry Harmon, the founder of the crypto mixer Helix, to recover the $60 million fine imposed on him by regulators. According to a Reuters report, the fine, which was…