The Securities and Exchange Commission (SEC) uses the so-called Howey test to decide whether a digital asset should be classed as a security, although SEC Commissioner Hester Peirce has said that the test has limits. The standard is based on a 1946 Supreme Court ruling that established the conditions under
December 19, 2022 1 min read
Edward Snowden, the NSA leaker, has shown interest in becoming Twitter’s CEO. The 39-year-old ex-NSA consultant said in a tweet today that he would accept payment in Bitcoin for the position. It was in reaction to Elon Musk’s statement that he need a CEO who could “keep Twitter alive.” All
December 19, 2022 2 mins read
The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would
December 18, 2022 2 mins read
Officials at Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), say they’ve finished phase two of testing the infrastructure supporting the country’s central bank digital currency (CBDC). The whitepaper produced by the regulator. Presents trial findings and research on the necessity for a new form of national fiat, the
December 18, 2022 1 min read
Donald Trump, the 45th President of the United States, has released an NFT collection. Trump’s Truth Social account was the first place anybody saw his so-called Donald Trump Digital Trading Card collection. Trump claims that the cards may be purchased for just $99 apiece. And the official website also has
December 16, 2022 1 min read
The Polkastarter GAM3 Awards, known as the Grammys for web3 gaming, have announced its winners. The first-ever industry awards were concluded on December 15 with the live announcement of the 16 winners. The GAM3 Awards Game of the Year, which honors the greatest web3 game that crosses the lines between
December 15, 2022 2 mins read
CEO of Ark Invest Cathie Wood has been known to ride out market downturns by stocking up on companies like cryptocurrency exchange Coinbase (COIN) and electric car manufacturer Tesla. Cathie Wood hasn’t changed her mind about Bitcoin or electric automobiles. Cathie Wood, the founder of Ark Invest, has predicted before
December 15, 2022 1 min read
The Federal Reserve authorized a lesser interest-rate boost than previous ones this year but indicated intentions to keep increasing rates next year to battle excessive inflation, sending the price of cryptocurrencies down along with U.S. markets. Inflation in the United States is at a 40-year high, therefore the Federal Reserve
December 15, 2022 2 mins read
Australia’s government said on Wednesday, December 14 that it is doing the necessary to enhance crypto service provider regulation. The government plans to issue a discussion paper in early 2023. In order to determine which kind of digital assets they want to regulate. Moreover, the Australian government is contemplating major
December 14, 2022 1 min read
In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening
December 14, 2022 1 min read