The Financial Services Commission (FSC) of South Korea announced plans to launch a digital securities market to institutionalize and promote cryptocurrencies in the country. The regulator said in a statement that it will be a financial instrument that has nothing to do with the Korean Composite Share Price Index (KOSPI). The digital securities market will […]
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.
Vermont Regulator Accuses Celsius of Pyramid Scheme
The Vermont Department of Financial Regulation has filed a court filing accusing cryptocurrency lending service Celsius of operating in a pyramid scheme. The regulator asked the court to appoint a special representative to participate in the Celsius bankruptcy case. However, shareholders of the service objected to this proposal and demanded to reduce the cost of […]
US Federal Reserve Vice Chairman Calls for Strong Regulation of Stablecoins
US Federal Reserve Vice Chairman Michael Barr, amid a wave of defaults caused by the collapse of Terra, demanded that Congress develop regulation for stablecoins. During his speech at the Brookings Banking Policy Institute’s annual Clearinghouse Conference, Michael Barr stated that he takes a tough stance on the regulation of cryptocurrencies. “I believe that Congress […]
Hive Blockchain is testing the mining of various coins using video cards
Mining company Hive Blockchain has begun testing its equipment for mining various coins – the company is looking for a replacement for ether, which will be impossible to mine after switching to PoS. Hive Blockchain reported that the total capacity of video cards at its disposal is 21.5 MW, which is 16% of the company’s […]
Voyager Digital will sell the rest of its assets at auction
The cryptocurrency lender will sell the remainder of its assets at auction on September 13, according to a statement from the courts overseeing the Voyager Digital bankruptcy process. Bankrupt crypto lender Voyager has revealed that a private auction will take place on September 13 at the New York office of investment bank Moelis & Company. […]
South Korean economists see cryptocurrencies as a threat to the financial system
Employees of the Korean Institute of Finance (KIF) studied the development of cryptocurrencies in the country and came to the conclusion that their impact on the traditional economy is approaching a critical level. KIF posted a report stating that the digital currency could pose a serious threat to the stability of the economy. The institute’s […]
El Salvador celebrates the first anniversary of the adoption of Bitcoin
September 7, 2022 marks exactly one year since El Salvador became the first country in the world to accept bitcoin as legal tender. Exactly one year ago, after the decision of President Nayib Bukele, local legislators enacted a special bitcoin law. El Salvador became the first country to accept bitcoin as legal tender, along with […]
Ethereum Developers After Bellatrix Update: We See No Danger in Skipped Blocks
The community monitoring the impact of the Bellatrix update on Ethereum has noticed that the number of first-time blocks not confirmed on the network has increased significantly and is alarming. The latest major update caused the network to malfunction, according to Twitter user Martin Köppelmann. He was the first to sound the alarm, saying that […]
ECB: Digital euro is more for personal use than Web3
Representatives of the European Union said that the retail digital euro will not allow companies to pay bills or pay salaries, and also be used in decentralized finance. Restrictions are imposed for the first time after the launch of the digital currency. The first stage will only be for transfers of funds between people and […]
Economist Peter Schiff Compares Bitcoin to a Shipwreck
One of the most vocal critics of bitcoin, urges investors to stop investing in BTC. In his opinion, bitcoin competes worse and worse with other cryptocurrencies and NFTs. On Tuesday, September 7, the bitcoin rate fell to $18,508. Economist Peter Schiff took advantage of the fall and bearish sentiment in the market to once again […]
