Author: Donald Munn
Binance, the largest cryptocurrency exchange, attended the Philippine Senate hearing to advise on cryptocurrency guidelines and regulations. Binance at Philippine Senate hearing to provide cryptocurrency advice The industry’s largest cryptocurrency exchange, Binance, is increasingly working with country governments to provide its input on cryptocurrencies. This time it was the Philippines’ turn: Binance participated in the Senate hearing to advise on cryptocurrency guidelines and regulations. JUST IN: #Binance joined a Senate hearing in the Philippines to advise on #cryptocurrency policies & guidelines. — Watcher.Guru (@WatcherGuru) August 24, 2022 “Binance joined a Senate hearing in the Philippines to advise on cryptocurrency policies…
In an interview, former Twitter security chief Peiter Zatko spoke about serious security flaws on the social media that could pose a problem for national security. Limitations in Twitter’s security Twitter’s former security chief gave a lengthy interview to CNN in which he clearly lays out his concerns in the face of serious flaws in the security system, which he believes could pose a national security risk. Peiter Zatko also wanted to somewhat agree with Elon Musk, who for weeks has been accusing the company of failing to provide him with all the data he requested specifically regarding the security…
In the United Kingdom, Sony PlayStation is facing a class action lawsuit with a $6 billion damages claim for abusing its position by imposing “excessive and unfair” prices on its games. Sony PlayStation and the class action with a $6 billion damage claim The famous video game console manufacturer, Sony, is now reportedly under indictment by its consumers who see it as guilty of abusing its position as the leader of PlayStation by charging “excessive and unfair” prices for its games. Gb, class action da 6 miliardi contro Sony per Playstation https://t.co/TuLuhSc7GF — Marco Cavicchioli (@cavicchioli) August 24, 2022 According…
The German Central Bank is predicting a difficult autumn for Germany. According to a report, the country could reach 10 percent inflation by mid-December. Inflation in Germany could reach 10% In the August monthly bulletin where the Central Bank gives a health check on the Teutonic economy, a worrying fact emerges that shakes both the country’s economy and that of Europe having assumed the role of the locomotive leading the group of 27 for years. Citizens’ savings are increasingly eroding as prices rise regardless of sector. Above all those in the energy sector, raw materials and basic necessities. The report…
The Euro evens out the value of the Dollar again. It had already happened last month, and this will have consequences that change the state of affairs. The exchange rate of the Euro/Dollar pair is still in parity EUR/USD is still in parity after they had already reached this threshold on July 13, which had not happened since 2002. This time the euro not only reached parity but also went below the value of the U.S. currency, which has consequences between the two economies that need to be analyzed. Energy tensions between Russia and the EU, the U.S.-Chinese crisis over…
The real estate sector in China is currently developing financial problems. In this regard, some argue that the country is actually experiencing an unprecedented financial crisis with banks on the verge of collapse. China is facing an unprecedented financial crisis with the housing markets on fire and banks on the verge of collapse! Just what da fook is happening? — Lark Davis (@TheCryptoLark) August 21, 2022 This is claimed by crypto investor Lark Davis, who, however, may not be impartial in his judgments toward China. The financial condition in China: real crisis or passing difficulty? Davis reports that 75% of…
In a lengthy post on its corporate blog and a tweet on its social profile, Coinbase announced that digital payments giant Paypal has joined its new TRUST network launched last February to further protect users’ privacy and security. Coinbase welcomes Paypal to its TRUST network A warm welcome to @PayPal for joining TRUST, a global coalition that provides top-tier privacy and security safeguards to customers across jurisdictions while complying with the Travel Rule.https://t.co/OgoL3uS3qc — Coinbase (@coinbase) August 22, 2022 “Coinbase is pleased to share the addition of PayPal to the Travel Rule Universal Solution Technology (TRUST) network. TRUST is a…
According to JPMorgan CEO Jamie Dimon, even something worse than a recession could be coming. JPMorgan CEO speaks out on the subject of recession The recession in the United States according to the CEO of JPMorgan He revealed this last week during a lengthy interview with Yahoo Finance. Dimon says that although the U.S. economy looks strong, there are, instead, storm clouds on the horizon. The main problems are inflation, shortages of some commodities, the war in Ukraine, and the international geopolitical situation, particularly the relationship with China. According to JPMorgan’s CEO, the odds of a “soft landing” as advocated…
The story of Celsius Network perhaps best represents the parable of some crypto companies, which literally went from the top to the bottom in just a few months. How Celsius Network fell In the wake of the collapse of Terra and its UST stablecoin, many cryptocurrency companies linked to its ecosystem could not withstand the $40 billion hole caused by Luna’s bankruptcy. Celsius along with Three Arrows Capital, another distinguished bankruptcy following that collapse, according to early estimates, had heavy exposure to Terra and its stablecoin and had to suffer, like its rival Voyager Digital, the insolvency of some companies…
Polygon welcomes GameSwift, formerly StarTerra, Terra’s blockchain-developed GameFi ecosystem, which is now rebranding and migrating onto Polygon Supernets, to launch Web3 games. Polygon Supernet welcomes GameSwift, the GameFi ecosystem Polygon, Ethereum’s scaling platform, announced that it has added GameSwift, the new version of StarTerra previously developed on Terra’s blockchain, to its applications on the Polygon Supernets for Web3. Here is the roundup of tweets dedicated to the announcement: 1/ @GameSwift_io is changing the gaming ecosystem. A classic use case of #PolygonSupernet powered by @0xPolygonEdge, GameSwift is building a 360-degree platform for game devs & gaming studios to provide tools to…