NOT Financial News
19.07 / 18:39
Government
regulation
SEC
lawmaker
NOT
US lawmaker criticizes SEC enforcement director for not going after 'big fish' crypto exchanges
Brad Sherman, the congressperson who previously called for banning cryptocurrencies in the United States, criticized the Securities and Exchange Commission’s approach to enforcement among major crypto exchanges.
18.07 / 02:57
Blockchain
Stablecoin
Europe
Tether
Threat
NOT
Burdensome but not a threat: How new EU law can affect stablecoins
The year 2022 saw not only drastic dips in leading cryptocurrencies and financial markets in general but also major legislative frameworks for crypto in prominent jurisdictions. And while the “crypto bill,” co-sponsored by United States senators Cynthia Lummis and Kirsten Gillibrand, still has a long way to go, its European counterpart, the Markets in Crypto-Assets (MiCA), had finally made it through Tripartite negotiations.
16.07 / 15:17
Gap
businesses
Lost
NOT
All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost
Private-sector payrolls exceeded prepandemic levels in June, taking just over two years to close a 21 million job gap that was created in the spring of 2020 and reshaping the labor market in the process.
15.07 / 23:19
regulation
Banks
Federal Reserve
Future
NOT
56% of banks say DLT and crypto are 'not a priority' in near future — Fed survey
A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.
15.07 / 17:01
FIVE
Cooper
NOT
Europeans Are Working Even Less, and Not by Choice
European workers have put in fewer hours than Americans for decades. Now, they are working even less than before the pandemic—almost one day a week less than Americans in 2021, according to data for the five biggest European Union economies.
13.07 / 14:17
Adoption
regulation
Bitcoin
NOT
Financial
Bitcoin not a currency? South Africa to regulate crypto as financial asset
The South African Reserve Bank is set to introduce regulations next year that will see cryptocurrencies classed and treated as financial assets to balance investor protection and innovation.
13.07 / 11:05
markets
business
cryptocurrency
World
NOT
Crypto markets have not yet bottomed out: Glassnode
Long-term holders and miners are under remarkable pressure to surrender amid bearish cryptocurrency market sentiments while activity levels of small and large entities suggest the market has not yet formed a confident bottom, according to blockchain analysis firm Glassnode.
13.07 / 10:39
Digital
Cooper
Arrow
NOT
Three Arrows accused of not cooperating with liquidators investigating digital assets
Court-appointed liquidators for cryptocurrency hedge fund Three Arrows Capital said its founders can’t be located and aren’t cooperating in the investigation of its assets, allegations that the founders denied.
13.07 / 08:01
cryptocurrency
stocks
Personal Finance
Invest
NOT
The real reason why most investors do not make money in startups
The period between June 2020 and September 2021 was one of the best for the Indian equity market but 2022 is turning out to be a gut-wrenching time. The liquidity/volumes in the market have fallen by half and correction in small- and midcaps in India is severe.
12.07 / 06:05
Analysis
Bitcoin
Bitcoin Price
NOT
Capitulation ongoing but markets not at the bottom yet: Glassnode
Bitcoin wealth is being distributed from weak hands to strong hands due to ongoing capitulation from retail investors and miners, signaling that the bottom may be close.
12.07 / 03:47
UPS
FLEX
NOT
CoinFLEX users are not in the clear- Fresh concerns hot off the press
In a recent announcement dated 9 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb outlined steps they intend to take in order to help the exchange out of its current liquidity crisis.
11.07 / 21:23
Ethereum
Forecast
economics
Bitcoin
NOT
The Coming Recession is Going to Hit Crypto, but Not as Hard as You Think
If a recession isn’t here already, many economists estimate that it is coming very soon. The largest in the world, the US economy contracted by 1.6% in the first quarter of the year, and even if it somehow doesn’t contract in the second quarter, a growing number of economists are predicting a recession for 2023.
11.07 / 10:39
business
cryptocurrency
World
Bankruptcy
Lawyers
NOT
Three Arrows Capital founders whereabouts not known: Lawyers
Su Zhu and Kyle Davies, the founders of Three Arrows Capital (3AC), the beleaguered crypto hedge fund, might have fled Singapore and their whereabouts are unknown, the firm’s lawyers said in its bankruptcy filing.
10.07 / 12:01
Blockchain
Technology
Adoption
Investments
NOT
Believe it or not, metaverse land can be scarce after all
Just recently, Yuga Labs, the team behind the world-famous bored nonfungible token (NFT) primates, nabbed some $300 million with its sale of Otherdeed NFTs, a collection of land plots in a soon-to-be metaverse. Indeed, NFTs, the blockchain industry’s primary method of creating digital asset scarcity, have emerged as the preferred way to handle virtual land ownership for most metaverse projects, including Decentraland and The Sandbox. All of this has prompted an interesting question in the community: In the metaverse, a vast, near-endless digital space, how can digital land ever be scarce? Well, let’s dig in.
09.07 / 17:19
Technology
Ethereum
Investments
Bitcoin
recovery
NOT
Not all investments lose value equally: A recovery period for digital assets
When investing in financial markets, people often underestimate the possibility that, over a period of time, the investment may lose its value, and it will take time to recover temporary losses. The deeper the loss becomes, the more energy required to recover the losses increases out of proportion. If I invest $100 and lose 10%, I end up with $90 (whether I keep the investment or liquidate it). So, to get back to $100, which returns do I have to make? I have to make 11% because, with a base of $90, if I make 10%, I end up with $99. This effect is amplified if I lose 20% — to get back from $80 to $100, I will have to make 25%.
07.07 / 23:27
Survey
Gold
inflation
Central Bank
reserves
NOT
Surveyed Central Bank Reserves Managers Say Inflation is Not ‘Transitory’, Likely to Remain High
Only 20% of surveyed central bank reserves managers still say that inflation will be “transitory,” as the US Federal Reserve (Fed) and other central banks insisted was the case until recently. Meanwhile, close to half of the managers say inflation is likely to remain elevated, per the latest edition of the OMFIF’s Global Public Investor report.
07.07 / 17:31
Citi
NOT
Boris resignation rocks City: ‘We’re not out of the woods yet’
Financial News spoke to top City figures for their reaction after Boris Johnson said he planned to resign as prime minister amid a flurry of resignations from key members of his cabinet.
07.07 / 05:35
Ethereum
Ethereum 2.0
Test
Testnet
NOT
Sepolia testnet Merge mostly successful — 'Hiccups will not delay the Merge.'
Ethereum has now completed its second-to-last major Merge trial on the public test network Sepolia, paving the way for its transition to the proof-of-stake (PoS) consensus mechanism.
06.07 / 16:07
Downing
NOT
Boris Johnson refuses to step down as resignations rock Downing Street: ‘The question now is not if but when he quits’
British Prime Minister Boris Johnson was working to cling to power amid a growing mutiny in his party and the resignation of two of his most senior ministers.
06.07 / 08:39
Provident
Digital
NOT
Martin Wolf writes: Cryptocurrencies are not the new monetary system we need
Martin Wolf Money has already evolved from coins, to notes, entries in balance sheets and bits on computers. The institutions that provide, operate, guarantee and regulate money have evolved with it.
06.07 / 01:03
markets
Bitcoin
Bitcoin Price
NOT
Bitcoin exchange outflows surge as 'not your keys, not your crypto' comes back into fashion
Bear markets in cryptocurrency are known to be painful, but the month of June was especially trying for the crypto faithful as a confluence of factors resulted in the price of Bitcoin (BTC) falling 37.9%, its worst monthly performance since 2011.
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