The new CEO of Kraken said that since the exchange does not deal in securities, it does not require registration with the regulator. However, this position may change in the future. Dave Ripley, CEO of the Kraken cryptocurrency exchange, stressed that the exchange does not intend to delist digital assets that the US Securities and […]
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.
Hackers demand a ransom of $1 million in Monero from Optus
Hackers broke into the database of the Australian telecommunications company Optus. They threaten to sell the stolen data if they don’t receive a ransom of $1 million in Monero within a week. The attackers claim that they managed to get hold of the data of about 11.2 million Optus customers, including their names, dates of […]
Chinese graphics card market plunges amid Ethereum merger
Ethereum’s transition to the Proof-of-Stake (PoS) algorithm triggered a drop in prices for graphics processing units (GPUs) in China – their sales reached the lowest level in history. Low demand from Chinese miners who previously bought expensive graphics cards such as the Nvidia GeForce RTX 3080, RTX 3080 Ti or RTX 3090 forced suppliers to […]
WEF Creates a Task Force to Assess the Role of Blockchain and Web3 in Climate Change
The World Economic Forum (WEF) has created the Cryptocurrency Sustainability Coalition to assess the role of digital assets and blockchain in combating climate change. The Crypto Sustainability Coalition includes 30 companies, educational groups and other institutions, including crypto projects Solana, Avalanche, Circle, NEAR Foundation, Ripple and Stellar Development Foundation. They will explore the impact of […]
Brad Garlinghouse criticized the changed attitude of the American regulator towards Ethereum
The CEO of Ripple stated that he disagreed with the SEC that Ethereum after the transition to the Proof-of-Stake consensus can be considered an unregistered security. Brad Garlinghouse believes that the change in the regulator’s view of Ethereum echoes the US Securities and Exchange Commission (SEC) lawsuit against Ripple filed at the end of 2020. […]
Anatoly Aksakov: Cryptocurrency mining and regulation should be legalized simultaneously
The Chairman of the State Duma Committee on the Financial Market called for bringing both markets into the legal field at the same time, since the existence of blockchains is impossible without a mining system. Anatoly Aksakov said that legislation on the regulation of cryptocurrencies should be developed in parallel with the regulations for the […]
Charles Hoskinson: The Financial Innovation Act will open the way for “big bulls” to the crypto market
The founder of Cardano said that the proposed US financial innovation law will allow leading cryptocurrencies to rise above all-time highs. Cardano developer Charles Hoskinson believes that if the bill gets the green light from the US government, then institutional investors will be able to invest huge amounts in cryptocurrency markets. This will help mitigate […]
Changpeng Zhao proposed to tax transactions with Terra Classic
The largest cryptocurrency exchange in the world will gradually introduce a flat taxation of transactions to improve the price characteristics of LUNC. Binance CEO Changpeng Zhao has recommended a flat 1.2% transaction tax on Terra Classic (LUNC) trades to burn the token and reduce market supply overall: “We will introduce on the site the function […]
Disney Seeks Lawyer for Aggressive Web3 Market Deals
The Walt Disney Company posted a job opening for a lawyer to study and work on an “accelerated and aggressive schedule” with emerging technologies including NFT and DeFi. The conglomerate’s vacancy states that the lawyer will “collaborate with business teams in the development of new global technology projects” in such segments as the metaverse and […]
California Governor Vetoes Cryptocurrency Licensing Bill
The California Assembly did not support a bill to regulate digital assets for the US South Coast, similar to the New York BitLicense. State Chief Executive Gavin Newsom said it would be premature to create a licensing regime without taking into account feedback on its own Executive Order N-9-22, which aims to make California the […]
