Month: September 2023

ICO to review period and fertility tracking apps as poll shows more than half of women are concerned over data security

The poll was conducted by Savanta. Savanta surveyed 1,152 UK women aged 18+ between 1-3 September 2023. Data was weighted to be representative by age, gender, region, and social grade. Savanta is a member of the British Polling Council and abides by its rules. Respondents were asked the follow questions: Q1. Have you ever used an app to track any of the following [select all that apply]? a. To track your periodb. To prevent a pregnancyc. To plan a pregnancyd. None of these Results of note: 34% of women (395)…

Google Updates Advertising Policy to Accommodate NFT Gaming

Google also expects that all advertisers comply with the local laws of whatever region they intend to target with their ads. Non-fungible token (NFT) gaming is about to receive a major boost after Google revealed plans to update its ads policy. In a blog post, the tech giant confirms that the update, which takes effect on September 15, will now allow NFT gaming advertisements. However, Google also attached a condition that such advertisements would only be allowed if they do not in any way encourage gambling or closely related services.…

$500B Korean Asset Manager, Mirae Asset Securities, Taps Polygon Labs to Develop Tokenized Securities Network

Several traditional finance giants, including Franklin Templeton and Hamilton Lane, a top-tier investment firm with over $823.9 billion in assets under management, have already initiated tokenization projects on Polygon. The Monetary Authority of Singapore’s experimental tokenization initiative, Project Guardian, executed foreign exchange and sovereign bond transactions on Polygon last year. Source

Russian lawmakers believe digital ruble will replace banks

Anatoly Aksakov, head of Russia’s Banking Committee, believes that the digital ruble could potentially render traditional banking institutions obsolete. In a discussion at the AiF.Media club, Aksakov opined that the evolving landscape of financial technology could reduce the necessity for traditional banking institutions. However, no official plans have been laid out to phase out banks in Russia. “The future of banking could undergo a significant transformation due to the advancement of blockchain technology and central bank digital currencies.” Anatoly Aksakov, head of Russia’s State Duma Banking Committee Although the Central…

Former OpenSea manager withdraws application for bail pending appeal

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A former manager at nonfungible token (NFT) marketplace OpenSea sentenced to three months in prison for insider trading has opted to serve the sentence while his appeal is pending. On Sept. 6, Nathaniel Chastain’s lawyers filed a letter with a New York District Court informing the judge that Chastain decided to withdraw his application for bail pending appeal. As a result, per the court’s previous order and judgment, Chastain will self-surrender by Nov. 2 to begin serving his sentence while his appeal is pending. Screenshot of the letter from Chastain’s…

Rejection of crypto bill exposes Aussies to ‘unregulated market’ — Senator Bragg

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Australian investors will be left exposed to unregulated markets and investments will be driven away from the country if the Digital Assets (Market Regulation) Bill is rejected by parliament, the bill’s author Senator Andrew Bragg has warned. On Sept. 4, the Senate Committee on Economics Legislation recommended the Senate reject Bragg’s bill and suggested the government instead continue to consult the industry on developing crypto regulation. The Committee’s chair, Labor Party Senator Jess Walsh, wrote in a report that it recommended the bill not be passed as it “fails to…

FASB rules ‘eliminate the poor optics’ that shied firms from crypto: Analyst

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The United States Financial Accounting Standards Board’s new rules for crypto accounting will eliminate the “poor optics” that plagued companies holding digital assets, according to analysts from Berenberg Capital. On Sept. 6, the U.S. Financial Accounting Standards Board (FASB) approved new rules for cryptocurrencies with regard to how companies report the fair value of their holdings on their balance sheets. In a follow-up analyst note from Berenberg’s senior equity research analyst Mark Palmer, the analyst argued the changes would be particularly beneficial for companies such as Microstrategy, who will soon…

Tornado Cash case: crypto anonymity vs regulation 

The recent indictment of Tornado Cash developers brings the tension between crypto privacy and national security into sharp focus. What are the implications for the crypto world? One of the main issues affecting innovation is the potential for abuse by bad actors. Because of its pseudonymous nature, low cost, and ability to move vast sums, crypto has had its fair share of cases of misuse. Looking at the recent fiasco of Tornado Cash founders and the regulators, one could think that criminals are tipping the scales in the regulator’s favor. …

XRP Price Prediction – Breaking This Confluence Resistance Could Spark Recovery

Ripple’s token price is holding the $0.485 support against the US Dollar. XRP price could start a recovery wave if it clears $0.510 and $0.525. Ripple’s token price is struggling to recover above $0.510 and $0.525 against the US dollar. The price is now trading below $0.520 and the 100 simple moving average (4 hours). There is a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it stays below…