The “strong lady” of the Goldman Sachs-backed digital bank Starling has stepped up her criticism of cryptocurrencies, calling digital currencies a “threat” to the security of the global payment system infrastructure. “Things are very dangerous,” said Anne Boden, who founded Starling in 2014, speaking at the “Money 20/20” fintech conference in Amsterdam. Based in the […]
Tag: Cryptocurrencies
Forex Today: Major Currencies Remain Quiet Ahead of Key Events
This is what you need to know to trade today Wednesday June 8: The dollar struggled to find demand amid improving market sentiment on Tuesday, but 10-year US Treasury bond yield rebounded 3% early Wednesday, helping the USD remain relatively resilient against its rivals. Eurostat will publish the figures for the gross domestic product GDP […]
Forex Today: Dollar Capitalizes on Rising US Yields Ahead of Mid-Level Data
This is what you need to know to trade today Tuesday June 7: With the benchmark 10-year US Treasury yield topping 3% on Monday, the dollar has gained strength against its rivals at the beginning of the week. The US dollar index extended its rebound early on Tuesday and rose to its highest level in […]
Bitcoin: The recovery continues – It reached the level of 31,000 dollars
Bitcoin continues to recover and stabilize, regaining the level of $ 31,000, after the “lukewarm” weekend, with the largest cryptocurrency on the planet strengthening up to 5.4% on Monday, to $ 31,553. Ether recorded slightly higher gains, recording an increase of 5.6%, while several more cryptocurrencies are moving upwards, with Solana, Avalanche and Cardano making […]
Bitcoin: The recovery continues – It regained the level of $ 31,000
Bitcoin continues to recover and stabilize, regaining the level of $ 31,000, after the “lukewarm” weekend, with the largest cryptocurrency on the planet strengthening up to 5.4% on Monday, to $ 31,553. Ether recorded slightly higher gains, recording an increase of 5.6%, while several more cryptocurrencies are moving upwards, with Solana, Avalanche and Cardano making […]
Forex Today: Risk flows return at the beginning of the week
This is what you need to know to trade today Monday June 6: Safe-haven assets are struggling to find demand at the start of the week amid some risk-positive events. US stock index futures are up 0.5-0.7% in European morning trade and the dollar index remains relatively calm above 102.00. Trading conditions are likely to […]
More than 46,000 people lost more than $ 1 billion in cryptocurrency fraud
More than 46,000 people say they have lost more than $ 1 billion in fraudulent cryptocurrencies since early 2021, according to a report released by the US Federal Trade Commission (FTC) on Friday, according to CNBC. Losses last year were almost 60 times higher than in 2018, with an average individual loss of $ 2,600. […]
Cryptocurrencies: Dozens of layoffs in Rain, one of the largest exchanges in the Middle East
Rain Financial, one of its largest cryptocurrency exchanges? The Middle East has fired dozens of workers amid the recent crisis that has devalued digital currency-related assets, according to Bloomberg News sources familiar with the matter. The company announced its decision to staff within the week, the same sources said. The move will have an impact […]
About 75% of the profits of Bitcoin ‘miners’ go to … electricity
The surge in electricity prices internationally has led the “miners” of the most popular and powerful cryptocurrency to consume 75% of the income offered by it in … electricity payments, according to a research by the German website CryptoMonday. Bitcoin mining is an extremely energy-intensive process, with a simple Bitcoin transaction requiring approximately 2,165 kWh […]
The pyramid of cryptocurrencies
By Lionel Laurent As the world’s most sparkling cryptocurrency figures join the elite of Davos every year – as investors sweep the market crashing through many sleepless nights – it’s time for regulators around the world to reflect on the real impact. of the next cycle of flourishing and collapse of cryptocurrencies. Fintech and cryptocurrency […]
