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Leading cryptocurrency Bitcoin found another ally in macroeconomist Luke Gromen who recently claimed that the United States could gain benefits if it begins to view the digital currency as an asset and not as any kind of threat.
Gromen made his statement during his appearance on a September 14 podcast hosted by Natalie Brunell.
Gromen is well-respected in the finance research world for his ability to provide a comprehensive analysis of global and topical macroeconomic trends.
According to a report published by Europol, crypto is one of the main tools used by individuals linked to terrorism financing. PayPal, MoneyGram, Western Union, and traditional banks also made the list, contrary to what some government officials have said about digital assets.
The 2022 “European Union Terrorism Situation and Trend Report”, claims there are many “legal sources” used to fool law enforcement agencies and fund criminal activities. Bad actors are still able to create international monetary networks to support their operations.
According to a statement made on August 31 by Babylon Finance company’s founder Ramon Recuero, the company will stop offering its services for the DeFi asset management protocol on November 15.
Babylon Finance Shuts Down Services
Ramon Recuero, founder of Babylon Finance, disclosed the decision on Twitter in the late hours of Wednesday. The software engineer revealed that the asset management protocol would finally be shutting down in November of this year.
1/ Babylon Finance is Shutting Down
Despite our efforts, we haven’t been able to revert the negative momentum caused by the Rari hack. Market hasn’t helped.https://t.co/Qgb5XM33ZX
A senior South Korean government official has joined the research offshoot of blockchain VC Hashed. Kim Yong-beom is a well-known figure in his homeland, where he held the role of Vice Minister of the Korea Ministry of Economy and Finance up until last year. Since stepping down from the role, which had included liaising with domestic crypto companies, Yong-beom has elected to enter crypto in an advisory capacity. Now, he’s flying the flag for the industry he once helped regulate.
Government Minister Bigs up Blockchain
KuCoin’s Into The Cryptoverse survey showcases Indian adoption of bitcoin and crypto with 56% of respondents saying the asset class is the future of finance.
Cryptocurrency exchange KuCoin published a survey titled “Into The Cryptoverse” showcasing the rising bitcoin and cryptocurrency adoption in India, per a blog post from the company.
Are you ready to Saddle up?
A decentralized finance platform architectured to facilitate efficient trade between pegged crypto assets is now one of the most prominent names on the Ethereum blockchain.
Saddle Finance, an automated market maker (AMM), is developing solutions to eliminate roadblocks related to the spread between stablecoins and tokenized crypto assets.
In the crosshairs of Saddle’s team of engineers and software developers is a path that distinguishes the company from its competitors and offers users distinctive and unparalleled value.
The 21st century is described by many scholars as the Golden age, where every aspect of modern-day society is driven by technology. Distributed Ledger Technology, which many describe as the pioneer of the 22nd century, has provided an avenue where an economy can exist without the need for trust. As a result of the growing competition within the blockchain ecosystem, it has forced various exchanges in the space to innovate as their designs are now geared towards the users’ comfort and useability. The cryptocurrency market is known for its volatility hence, it is important for everyone participating in the market to trade with uninterrupted and real time data to stay on top of trade execution. And that exactly is why Manilla Finance is building a platform that includes a P2P exchange and a utility bills payment platform.
Hackers from North Korea has reportedly found a new victim in DeBridge Finance, a cross-chain interoperability and liquidity transfer protocol, multiple sources disclose, Saturday.
Based on DeBridge’s initial assessment, the attempted cyberattack likely originated from the notorious North Korean hacking syndicate, Lazarus Group.
Several DeBridge team members received a faked email containing a PDF file titled “New Salary Adjustments” that was purportedly sent by DeBridge co-founder Alex Smirnov.
According to Smirnov, a significant number of DeBridge staff received emails from the hackers. Upon viewing and downloading the PDF file, the PCs were infected with a malware that collects data.
The cannabis industry has many reasons to look to bitcoin as a way to grow and improve relationships with their customers.
The cannabis industry presents opportunities for investors. Thanks to bitcoin, investors can capitalize on the sector’s growth like never before.
A clear understanding of the cannabis industry is a must. Once you know the ins and outs of the sector, it’s easy to see how bitcoin can be used to accelerate the sector’s growth.
The bear market has left a sour taste for crypto investors, and most are worrying about the current trend in the market. Many firms are also fighting to sustain operations amid issues of insolvency, liquidity shortage, and compulsory workforce downsizing.
But even with all these issues, innovations and developments keep emerging, proving that the industry is not dead. One recent notable development is the plan to create accounts and trading services by M1 Finance.
The online brokerage company plans to expand its operations by including these two services. According to the team, the launch will likely occur in some weeks. M1 Finance has been operating since 2015, and according to them, the firm now has above $ 5 billion AUM (assets under management).
After integrating with DeFi major Aave, Lido saw leverage kick up a gear and nudged some larger players to unwind. But plenty of people didn’t.
CoinDesk
Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying, “The issuance of a currency does not belong in the hands of a private company […]
The post Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra appeared first on CCN Markets
The UK is studying the properties of Libra in-depth to prevent the digital currency from damaging the economy. This is what Philip Hammond, Chancellor of the Exchequer of the United Kingdom, said in a recent interview with CNBC’s Squawk Box. Hammond explained that regulators must fully understand how Libra works to counter the risks associated […]
The post UK Finance Chief Ready to Engage with ‘Potentially Transformative’ Libra appeared first on CCN Markets
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to stop large tech corporations from “maintaining, or operating a digital asset.”
Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency
Jeremy Siegel, a normally astute finance professor from the University of Pennsylvania, told CNBC that he thinks the stock market has another 5 percent to 6 percent upside to reach fair value. He’s out of his mind. “I think fair market value does give us another 5%, 6% this year, but we may go up […]
The post Finance Professor Says Stock Market Is Cheap. Here’s Why He’s Wrong appeared first on CCN Markets
By CCN Markets: Facebook’s unveiling of Libra, its cryptocurrency project coming in 2020, has caught the attention of many, including the French Finance Minister. Bruno Le Maire, speaking on French Radio, has said that this new cryptocurrency cannot operate as a sovereign currency. Facebook’s Libra project intends to introduce a digital currency for usage on its platforms. However, this is raising several economic issues. Concerns on its regulation, and the status of this currency, are up for debate with Le Maire giving some stern warnings. Stern Libra warning With its reach of over 2.3 billion users, Facebook’s cryptocurrency could well call
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
CoinDesk
Charles Hoskinson, the co-creator of both Cardano (ADA) and Ethereum (ETH), had a humbling Friday in New York City. The journeyman traveler, who commonly documents his trips around the world on social media, was all set to go live for an interview with Yahoo Finance, as part of a larger NYC media tour. However, Hoskinson […]
SludgeFeed
The post IHS Markit report: finance industry blockchain sector to hit $ 462 billion by 2030 appeared first on CoinReport.
By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk published an op-ed by Dowd Monday,
The post The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong appeared first on CCN
