Search results for "traditional banks "

The Russian Ukrainian War and the Crypto Market

In our interconnected and globalized world, war is one thing that carries rippling effects that can spread far and wide. On the other side of the coin, a globalized economy means that chain reactions can reverberate across the entire globe and throw entire economies off balance. The Russian Ukrainian war and the crypto market are […]

German Financial Authority BaFin Calls for Unified DeFi EU Regulation

Executive director of Germany’s Federal Financial Supervisory Authority (BaFin), Birgit Rodolphe, has appealed for novel and comprehensive regulation of the decentralized finance (DeFi) sector across the European Union and to create a consistent DeFi EU regulation. BaFin is Germany’s financial regulator, in charge of overseeing banks, insurance companies, and other financial organizations, which includes everything […]

As Wall Street Embraces the Cloud, Legacies are Forsaken

When the world was first hit with its COVID-19 case and the news hastily spread, global populations were hit with the pandemic whiplash, bursting into their comfort zones and breaking all bounders of normality. For the tech industry, however, this was not the case. As businesses were closing doors, Big Tech giants were embracing the […]

Yellen Says U.S. Crypto Rules Should Support Innovation, Manage Risks

U.S. Treasury Secretary Janet Yellen said on Thursday crypto asset regulations should support responsible innovation while managing risks, sticking to the contours of a recent White House executive order that was well-received by the crypto market. In a speech on digital assets policy released by the Treasury, Yellen said that in many cases regulators already […]

Ebbing Dollar Reserves Only Scratch on Dominance: McGeever

The U.S. dollar’s share of world currency reserves continues to ebb slowly – but reserve stashes are only one measure of its dominance of global finance, and there’s no realistic scenario where that gets derailed any time soon. Central banks and private businesses need their rainy day funds to be in liquid assets that are […]

2022 Embraces Financial Innovation: Top Trends and Predictions

As we bid 2021 farewell, the takeaway from this eventful year is that we should learn to cling to the wave of change that accompanies the human race and, with it, the wave of endless innovations. 2021 came, and along came the never-ending opportunities of financial innovation to evolve as a race and clutch to […]

U.S. President Biden Executive Order on Cryptocurrencies

In the past year, centralized and decentralized currencies alike witnessed extensive market growth, and their popularity among the public has grown along the way. On March 9, 2022, U.S. President Joe Biden issued an executive order on cryptocurrencies, sketching an inclusive governmental approach to deal with probable risks related to the significant evolution in digital assets, emphasizing cryptocurrencies.  […]

Factbox-Gas and Nuclear Are 'Green'? Not So Fast, Say Some Investors

The European Commission’s draft proposal that natural gas and nuclear energy should be labelled as green investments has split money managers. Below are the views of some investors spoken to by Reuters. Ian Simm, founder and CEO at Impax Asset Management “The inclusion of gas and nuclear (with conditions/caveats) in the EU taxonomy reflects a […]

Far-right cryptocurrency follows ideology across borders

The Daily Stormer website advocates for the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire. Anglin has tapped a worldwide network of supporters to take in at least 112 Bitcoin since January […]

Tech cash cow: embedded finance to reach $138bn by 2026

There has never been a time where technology has been such a cash cow more than now; especially with the emergence of embedded finance within every corner of almost every app we use day-in and day-out.   All of us at some points have used embedded finance whenever we use a service on our phone. For those who aren’t familiar […]