An economics professor and former adviser to the People’s Bank of China has called on the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are “very valuable” for regulated financial systems. Chinese economist warns of missed opportunities due to crypto ban A former …
Former Mastercard CEO and payments industry veteran Gilles Novel has joined mx51 as the company’s new director of product. Novel brings more than two decades of experience in the payments industry to this role, most recently serving as Vice President/Head of Acceptance at Mastercard. Prior to that, Novel held senior payments roles at Verifone, Optus …
Russian crypto traders are trying to get unlimited accounts on global exchanges because their access to such platforms is limited. Over the past year, the supply of such accounts on the dark web has increased significantly, cyber security experts told Russian media. The supply of crypto exchange accounts for Russian users has doubled in the …
US Senator Elizabeth Warren called on Congress to ensure that regulators, such as the Securities and Exchange Commission (SEC), have the tools to effectively regulate the crypto industry and crack down on crypto money laundering activities. “The current legal structure essentially holds a giant sign above cryptocurrency that says money laundering is taking place here,” …
Crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport COO Cynthia Wu cited a “change in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs. Matrixport lays off 10% of staff as crypto winter continues Jihan Wu’s …
The commissioner of the US Securities and Exchange Commission (SEC) called for a “coherent and consistent legal framework that works across all asset classes,” including crypto assets. She warned that the SEC’s current enforcement-oriented approach would take 400 years to review all crypto tokens that are purported to be securities. SEC Commissioner for Crypto Regulation …
Former British chancellor Philp Hammond has been appointed chairman of Mayfair-based crypto exchange Copper. Hammond, who has held a senior advisor role at the company since October, will take up the role on January 26. Copper said he provided “strategic advice as the company significantly grew and expanded its business and services globally.” Since taking …
Crypto exchange Copper appoints Philip Hammond as chairman Read More »
You know what they say, “when life gives you lemons, make lemonade.” But when it comes to protecting your crypto assets on centralized exchanges (CEX), the old adage should be “when life throws your way, build a self-supporting wallet.” Self-custody is undoubtedly a better solution for protecting the interests of customers in cryptocurrency. Regulation alone …
Cryptoregulation Is Like a Flimsy Umbrella in a Monsoon – Op-Ed Bitcoin News Read More »
At a guest lecture at a military academy when the price of one Bitcoin approached $60,000, I was asked, as finance professors often are, what I thought about cryptocurrencies. Instead of responding with my usual skepticism, I polled the students. More than half of the participants traded cryptocurrencies, often financed by loans. I was stunned. …
The crypto collapse and the end of the magical thinking that infected capitalism Read More »
Mad Money host Jim Cramer thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to “crypto thugs” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned of the SEC cracking down on non-compliant crypto companies, urging investors to exit the asset class immediately. Jim Cramer …