Japan’s top banking regulator will introduce new legislation in 2022 that seeks to limit the issuance of stablecoins to banks and wire transfer companies, according to a report from Nikkei Asia on Monday. The regulations that will be proposed by Japan’s Financial Services Agency (FSA) are an effort to tighten the agency’s grip on the […]
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The company’s CEO Sam Bankman-Fried will ask investors to purchase shares in its U.S. affiliate, FTX.US, at an $8 billion valuation. Dec 4, 2021 at 7:18 p.m. UTC Updated Dec 6, 2021 at 5:17 p.m. UTC FTX CEO Sam Bankman-Fried (Eva Marie Uzcategui/Bloomberg via Getty Images)
Continue ReadingTraditional credit card payments will hold firm amid the growth of cryptocurrencies, American Express CEO Stephen Squeri predicted on the company’s third-quarter earnings call Friday. Unlike crypto, traditional credit cards offer clients rewards, service and the ability to dispute charges, along with the ability to extend credit, Squeri said. Squeri said he sees cryptocurrency much […]
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San Francisco-based Tribe Capital’s fund will focus strictly on the crypto sector, taking long positions in early-stage projects, SAFTs (simple agreements for future tokens, a type of investment agreement that developers use to work with investors), yield farming, treasury buys and mining.
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Participating governments will strengthen their capacity to clamp down on the use of virtual assets in ransomware operations, 31 countries and the European Union said in a joint statement following a U.S.-led conference on ransomware. The participating members will enhance the capacity of national authorities “to regulate, supervise, investigate and take action” against the exploitation […]
Continue ReadingSony will release the PS5 Digital Edition, a PS5 console that does not feature a disc drive. A price has not been confirmed but the PS5 Digital Edition is expected to be cheaper than the normal version of the console. Gamers may be at a disadvantage though when trying to get free PS5 game upgrades. […]
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Cross-play will be a prominent feature on the Xbox Series X and PlayStation 5. Online play with everyone is huge for accessibility. Could this be the feature to get rid of console fanboys? Cross-play has been a big talking point this console generation and will be even more significant with the Xbox Series X and […]
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Sony will host the long-awaited PS5 showcase later on today. Ahead of the event, fans are struggling to keep their excitement in check and are losing sleep as a consequence. Anticipation levels are being compared to those experienced ahead of Christmas morning. Ahead of Sony’s big PS5 blowout later today, fans are reporting losing sleep. […]
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UBS does not believe President Trump will push China to the brink of a cold war. Morgan Stanley similarly said the Trump administration will want to focus on economic growth ahead of re-election. The U.S. stock market will benefit from fewer geopolitical risks in the medium to long-term. Top European bank UBS does not believe […]
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Sony will host a rescheduled PS5 showcase this Thursday, June 11. A PlayStation Blog post sharing the news recommends that players wear headphones if at all possible. The request implies the gaming giant will showcase the PS5’s 3D audio Tempest Engine. With a rescheduled date confirmed for Sony’s PS5 event, fans are back to speculating […]
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