Author: Donald Munn
The Crypto Gibraltar Festival 2022 takes place from 22nd to 24th September and will bring together the crypto business world and the new world of the metaverse. Pete Burgess, the organiser of the festival says: “Gibraltar’s foundation as a financial jurisdiction is regulation – often seen as old world – but Gibraltar is also an enabler and hotbed of cutting edge innovation, particularly in the payments sector. “In a sense, Gibraltar is a microcosm of the DeFi / CeFi debate. It introduced the very first DLT regulatory framework which has attracted many of the world’s biggest crypto operators such as…
The South African Reserve Bank (SARB) plans to start regulating crypto in 2023. The purpose of SARB is to accept cryptocurrencies as financial assets, not currency. According to the proposed new legislation, digital assets will be covered under FICA, SARB deputy governor Kuben Naidoo said during an online seminar. The improvement of the economies of the countries that regulate cryptocurrencies, actively use them and follow their development causes the South African Reserve Bank to want to regulate cryptocurrencies. The central bank made this decision about cryptocurrencies because of the adoption of the same approach as Singapore, Australia, and the United…
The World’s Largest Blockchain & Crypto Conferences network, Blockchain Economy Summit has just closed the previous chapter in Istanbul – Türkiye with more than 3,000 utterly satisfied participants from 82 countries all over the world. KuCoin, Gate.io, Bitget, BitMex, XT.com, OKX, Uphold were just some of the sponsors of this phenomenal blockchain event. Turkish pop-star Emre Aydın, Microstrategy’s Michael Saylor, Ukrainian Deputy Minister of Digital Transformation Alex Bornyakov, famous Turkish film and television star Engin Altan Düzyatan, famous entrepreneur and investor Carl Runefelt, aka the Moon, Davinci Jeremie and many more have shared their thoughts on Main stage for 2…
This week’s guest on the Cardano SPO Column is a stake pool operated by Jochen who is working on several projects in the ecosystem and whose mission is to plant trees: Cardano Blockhouse [CBH]. Last week’s guest was a stake pool that is working on ALDEA, a DAO for Spanish speakers. This initiative is a point of reference for everything Cardano and every week or two we will invite a Stake Pool Operator (SPO) to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to the crypto…
This week’s guest on the Cardano NFT Column is a multiplayer PvP and PvE isometric battle arena game based on the Cardano blockchain: Battle Borgz. Last week’s guest was a project that uses AI (Artificial Intelligence) to generate beautiful NFT artworks. This initiative is a point of reference for NFTs on Cardano and every week or two we will invite someone to answer some questions and give us an update directly from within the Cardano community. Considering that many of our readers are new to the crypto space, we will have a mix of simple and technical questions. Cardano NFT…
American trading company Robinhood has been accused of market manipulation by the US court, as ruled yesterday, 12 August, following events surrounding the Gamestop case of 2021. The platform should not have blocked trading during the period of the so-called “meme stock rally” in January 2021, the one caused by the Reddit group WallStreetBets. Miami court judge Cecilia Altonaga responded to a class action lawsuit by investors and accused the platform of failing to serve the interests of users and manipulating the market, particularly with regard to the stocks of GameStop Corp (GME.N), AMC Entertainment Holdings Inc (AMC.N) and others.…
Gregg Smith and his colleague Michael Nowak, both former JP Morgan executives at the time of the events, were convicted of fraud for manipulating prices in the precious metals market and spoofing in an 8-year scheme. The two former JP Morgan executives who manipulated the commodities market Accused of manipulating commodity prices As it turns out, the former Executive Director and trader at JP Morgan’s precious metals desk in New York and the Managing Director of the investment bank’s Global Precious Metals Desk, Michael Nowak, defrauded investors and others for years. They were guilty of crimes such as altering market…
According to data from Revolut, a financial app with more than 20 million users worldwide and 850 thousand in Italy, 22 million Italians will go on vacation during August 2022. The report was conducted by Revolut together with the research firm Dynata, on a sample of 1,000 people, specifically to understand what the vacation budget is and what happens if it is not met. Going over budget on vacation 70% of Italians surveyed by Revolut set a budget before going on vacation, and among them there are those who try not to exceed it (41%) and those who usually never…
Today the financial world was anxiously awaiting the CPI figure as it was strongly indicative of the direction the US economy was taking, and for the sake of Elon Musk’s detractors, this time his recent statements on the sidelines of Tesla’s earnings commentary were prophetic. The CEO of the EV maker had predicted a slow but gradual descent of inflation to more acceptable levels and that this would be good for the US economy not so much for the figure itself, but for having the power to dampen the Federal Reserve’s monetary policy decisions by leading it to more thoughtful…
The Reserve Bank of Australia (RBA) has announced the launch of the pilot project to test the issuance of a CBDC (Central Bank Digital Currency). Australia launches pilot project to test a CBDC Tests continue in Australia for the launch of its CBDC The Reserve Bank (RBA) is reportedly collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project to explore use cases for a Central Bank Digital Currency (CBDC) in Australia. The project is expected to last about a year and will involve the development of a pilot CBDC on a limited scale, working in areas…