Australian bank from the “big four” National Australia Bank announced plans to launch a stablecoin AUDN. It will be pegged to the Australian dollar and fully backed by fiat currency. A new stable cryptocurrency will appear in the middle of this year. NAB plans to launch an Ethereum-based stablecoin on the Polygon network. The fiat […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
CFTC Commissioner Urges Congress to Ban Exchanges from Self-Certifying Tokens
U.S. Commodity Futures Trading Commission (CFTC) member Christie Goldsmith Romero called on Congress to ban newly licensed cryptocurrency exchanges from certifying products for listing themselves. Christy Goldsmith Romero spoke at the University of Pennsylvania conference dedicated to the FTX crypto exchange. During the speech, she stated that the current system, in which cryptocurrency platforms independently […]
New York City environmental activists oppose mining at Fortistar gas power plant
Environmental organization Earthjustice has filed a lawsuit against the New York Community Services Commission (PSC), which approved the use of the Fortistar power plant by the mining company Digihost International. Earthjustice, a non-profit environmental law organization, has filed a lawsuit in Albany County Superior Court, New York. The lawsuit states that PSC approved the transfer […]
South Korean Regulator Develops Tools to Monitor Cryptocurrency Risks
The South Korean Financial Supervisory Service (FSS) plans to develop new tools to monitor the risks associated with digital assets as early as this year. FSS Governor Lee Bok-hyun said the regulator currently lacks data to identify potential risks associated with cryptocurrencies. However, FSS expects that the connection between the cryptocurrency market and the traditional […]
ConsenSys cuts 11% of employees
ConsenSys, behind the popular MetaMask wallet and platform Infura, is laying off 96 people – 11% of its total workforce – due to “uncertain market conditions.” According to ConsenSys CEO Joseph Lubin, the “bad behavior” of the management of some centralized companies has resulted in “significant pressure on the cryptocurrency ecosystem that needs to be […]
Financial uncertainty: what awaits Gemini and DCG investors
A confusing story between several large cryptocurrency companies is gaining new momentum amid the intervention of the US Securities and Exchange Commission (SEC). Gemini Just two and a half months ago, the cryptocurrency community was faced with the collapse of the FTX exchange and a significant drop in the quotes of bitcoin and leading altcoins. […]
The founder of the exchange Bitzlato arrested in the US
Yesterday, January 18, it became known about the hacking of the peer-to-peer exchange service Bitzlato. However, it seems that the situation is more complicated – the US Department of Justice arrested the co-founder of the exchanger Anatoly Legodimov. The peer-to-peer exchange Bitzlato is registered in Hong Kong, but according to US law enforcement, the exchange […]
Brazilian Court Orders Binance to Pay Trader $2,000 Compensation
The Sao Paulo court ruled that the Binance cryptocurrency exchange is obliged to pay compensation to the Brazilian client for moral damages incurred due to the suspension of the withdrawal of funds from the platform. In June last year, a Binance user filed a lawsuit claiming that he was unable to withdraw funds from the […]
Alchemy: “Deployment of smart contracts on the Ethereum network increased by 293%”
Infrastructure company Alchemy has published a report on a study that was conducted using data from a number of sources, including Dune Analytics, DappRadar and Github. According to the report, the number of smart contracts deployed on the Ethereum main network in the fourth quarter of 2022 increased by 453% compared to the previous quarter, […]
Cornerstone Research: SEC filed a record number of cases related to cryptocurrencies
The author of the Cornerstone Research study believes that the US Securities and Exchange Commission (SEC) will continue to increase pressure on the cryptocurrency market, including through lawsuits. According to the latest report from consultancy Cornerstone Research, the SEC imposed a record number of enforcement actions against the cryptocurrency industry last year. In 2022, the […]
