Finance News

‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges

• by admin
• November 23, 2023

Google’s parent company, Alphabet, was the worst performer on the day, falling 9.5% in a massive $180-billion wipeout. More than $280 billion has been wiped from the “magnificent seven” tech stocks following the release of several earnings reports on Oct. 25, triggering fears of a looming tech recession. The so-called “magnificent seven” refers to the […]

Finance News

Ethereum transaction energy use equals 2.5 miles in a Tesla Model 3: Report

• by admin
• November 16, 2023

One Ethereum transaction uses enough energy to power a house all day, but how much does the fiat financial system use? Research According to Cointelegraph Research’s original investigation into the most energy-efficient blockchains for nonfungible tokens (NFT), the Ethereum network is currently using more energy than Costa Rica does during an entire year. To put […]

Finance News

Idris Elba on his Stellar journey to unlocking human potential — Interview

• by admin
• November 13, 2023

Join Idris Elba and the Stellar Development Foundation as they navigate bringing real-world change through blockchain technology. In a modern world where technology is advancing rapidly thanks to tools like blockchains and AI, there are still many places grappling with age-old problems. Poverty, lack of access to clean water or electricity, and financial exclusion are […]

Finance News

Bitcoin forums: A beginner’s guide on where to discuss BTC

• by admin
• October 30, 2023

Finance News

FTX customers could get $9B shortfall claim payout by mid-2024

• by admin
• October 29, 2023

A proposed settlement could see creditors receive a shortfall claim of $8.9 billion for FTX.com and $166 million for FTX.US. The customers of bankrupt crypto exchanges FTX and FTX.US could see over 90% of assets returned to them by the end of the second quarter of 2024 after a proposed settlement was reached between FTX […]

Finance News

CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking

• by admin
• October 24, 2023

The U.S. Consumer Financial Protection Bureau has focused on the role of Apple and Google in mobile payments with a critical eye. News Big businesses are able to act as “mini-governments” and impose their own rules on payment infrastructure, Rohit Chopra, director of the United States Consumer Financial Protection Bureau (CFPB), said at a fintech […]

Finance News

What happens if SEC doesn’t appeal Grayscale spot Bitcoin ETF ruling?

• by admin
• October 18, 2023

The SEC must appeal Grayscale’s win in a D.C. Appeals Court on Oct. 13, or it will have to approve — or try to delay — the firm’s Bitcoin ETF bid. News The United States Securities and Exchange Commission will soon reach its deadline to appeal the court decision that ruled in favor of Grayscale […]

Finance News

UK government moves forward on financial markets bill for potential regulation of crypto

• by admin
• June 20, 2023

Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes. NEWS Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption […]

Finance News

Aave proposal to freeze alleged Curve founder’s loans draws controversy

• by admin
• June 15, 2023

The proposal suggests that a cap should be imposed on the use of CRV as collateral, preventing this wallet address from adding more loans. NEWS A June 12 AAVE  AAVE $49.28  proposal aimed at preventing a particular account from accumulating more debt has led to controversy, with some participants arguing that the proposal violates the principle of […]