NOT Financial News

A jury sided with Kevin Spacey on Thursday in one of the lawsuits that derailed the film star’s career, finding he did not sexually abuse Anthony Rapp, then 14, while both were in Broadway plays in 1986.

Digital Rupee (or the e₹), it indicates the design choices that the RBI is inclining towards to pursue these motivations, it briefly charts a forward-looking path till the launch of the e₹, and it pushes policy debate into the next gear – from speculation to contentions on merits on motivations, design, outcomes. Yet, misalignments abound – particularly about what the RBI expects of the e₹ and what it can be reasonably expected to deliver. One example is the impact a CBDC would have on the wider adoption of crypto assets and stablecoins. Globally, central bankers are divided in opinion on whether the emergence of crypto assets led to an acceleration of their CBDC projects: in a May 2022 survey by the Bank for International Settlements, six out of ten respondent central banks agreed. This may have been because a clear assessment of the adoption of crypto assets for different use cases and their impact on the economy appears to have so far eluded policymakers: the same survey indicated that a majority of central banks largely characterized the use of crypto assets in their jurisdictions – both in relation to domestic payments and cross-border payments, as “use by niche groups” and “trivial or no use”. Earlier in February 2022, the Financial Stability Board (FSB) had acknowledged significant data gaps that made an assessment of the impact of crypto assets on financial stability difficult to identify and quantify.

South Korean police have seized $1.3 million worth of crypto in criminal investigations so far this year, official numbers have revealed.

crypto assets led to an acceleration of their CBDC projects: in a May 2022 survey by the Bank for International Settlements, six out of ten respondent central banks agreed. This may have been because a clear assessment of the adoption of crypto assets for different use cases and their impact on the economy appears to have so far eluded policymakers: the same survey indicated that a majority of central banks largely characterized the use of crypto assets in their jurisdictions – both in relation to domestic payments and cross-border payments, as “use by niche groups” and “trivial or no use”. Earlier in February 2022, the Financial Stability Board (FSB) had acknowledged significant data gaps that made an assessment of the impact of crypto assets on financial stability difficult to identify and quantify. The RBI’s stated expectation is that the e₹ will provide the benefits of virtual currencies but at the same time protect financial consumers and avoid the ‘damaging social and economic consequences’ of crypto assets. If it’s too good to be true, it usually is, and this appears to be the case with the RBI’s projection of the e₹ as being a panacea to the many risks associated with crypto assets and stablecoins.

Ethereum bulls have hit back against claims the network has become prone to censorship post-Merge, with one arguing that “not even a single” transaction has been censored on the network. 

Ethereum [ETH], which was the second-largest proof-of-work network, switched to proof of stake due to the Ethereum merge. This led to ETH 2.0, a proof-of-stake network, where stakers took the place of miners to validate network transactions. 

The first crop of earnings reports was a disappointment, but most of the early bank reports on Friday were decent, and Bank of America also reported earnings above expectations Monday morning.

A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller in a speech released Oct. 14. CBDC skeptic Waller took a look at the question through the lens of national security at a symposium held at Harvard University. Waller had a more favorable view of dollar-backed stablecoin.

The Shiba Burn Portal, which has been responsible for burning Shiba Inu tokens has been a great help to the Shiba Inu community. However, the portal, of late, exhibited some issues.

Nonfungible token (NFT) marketplaces should commit to combat fraudulent NFTs, but brands are far more responsible for protecting NFT investors, according to one industry executive.

The function of crypto wallets has changed significantly over the last few years. They initially secured token holdings or served as art galleries with nonfungible tokens (NFTs). Today, they’ve become like bank accounts for many, and soon, they will offer even more functionality by enabling digital curriculum vitae (CVs).

A Financial Conduct Authority crackdown on greenwashing among UK asset managers is “a matter of when, not if,” a partner at a City law firm has warned.

The cryptocurrency market, for what seems like an eternity, has been in a bear market, with prices consistently hitting new lows. Even Bitcoin [BTC], which controls a majority of the cryptocurrency market, has been affected, and it appears that long-term BTC holders are bearing the brunt. 

The broader mining macro environment caused the Bitcoin [BTC] mining euphoria to come to an abrupt halt in 2022. Reasons vary from regulatory hiccups to ESG concerns, and much more. But could this narrative change as BTC miners seem to have found affection towards mining?

A central bank digital currency would co-exist and complement existing payment options, and not replace the euro, European Union Commissioner Mairead McGuinness said.

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject

The Binance Coin [BNB] chain recorded 19.5 million transactions on its network over what seemed like a torrid week. According to the updated posted by the chain on 8 October, BNB ended the week with an average of 2.78 million transactions. Furthermore, the daily active users were 774,000, with cumulative weekly users of 3 million.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

As a result of the rally in the price of AAVE since the beginning of the trading week, there has been a surge in profit-taking levels for the crypto asset, data from Santiment revealed. 

With $9.2 million netted as revenue, OpenSea, the world’s largest NFT marketplace led dYdX, PancakeSwap, and Ethereum Name Service with the highest monthly growth in September. This, according to data from cryptocurrency research platform Cryptorank. 

Bankruptcy or insolvency is not in “Nexo’s reality” according to the crypto lending platform’s co-founder and managing partner, Kalin Metodiev.