Regulatory Developments

People’s Bank of China continues rate cuts

Cuts follow weaker growth figures as deputy governor promises stable credit growth

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Notarize expands leadership team

Notarize appointed a new chief technology officer (CTO) and chief people officer. The CTO will drive Notarize’s product and technology strategy while elevating security across its online notarization platform, and the chief people officer will lead the HR and People department. Read on for more.

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ESMA launches a Common Supervisory Action with NCAs on valuation of UCITS and open-ended AIFs

ESMA launches a Common Supervisory Action with NCAs on valuation of UCITS and open-ended AIFs Thursday 20 January 2022 09:04 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, is launching a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) on the valuation of UCITS and open-ended Alternative Investment Funds (AIFs) across … Read more

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FDIC promotes two to deputy, director

The Federal Deposit Insurance Corp. promoted two agency veterans to serve as the deputy to the chairman for external affairs and director of the division of administration. The new deputy to the chairman also is the director of the agency’s Office of Minority and Women Inclusion and will continue to serve in this role in … Read more

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ESMA issues 2021 report on accepted market practices under MAR

ESMA issues 2021 report on accepted market practices under MAR Tuesday 18 January 2022 11:12 The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has today published its annual report on the application of accepted market practices (AMPs) in accordance with the Market Abuse Regulation (MAR). The number of liquidity contracts and … Read more

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Cybersecurity, Data and AML/Sanctions

Blockchain and the evolution of business models in the game industry

With the introduction of blockchain-based assets for games comes the possibility of entirely new business models and innovative development. The first computer games were developed in the late 20th century with the sole purpose of entertaining their audience. One of the first goals was to distract players from their routine work and provide them access … Read more

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MPs criticise cyber agency for not aiding China rights group after it was hacked

Ipac’s website went offline following comments about lawyer Christine Lee reportedly seeking to influence MPs Members of a cross-party China human rights group have accused Britain’s cybersecurity agency of “failing to respond” with help after their website was taken offline this week in an attack they fear came from Beijing. MPs from the Inter Parliamentary … Read more

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Hacking attack on Red Cross exposes data of 515,000 vulnerable people

Global headquarters forced to shut down computer systems for programme that reunites families separated by conflict The International Committee of the Red Cross has been the victim of a cyber-attack in which hackers seized the data of more than 515,000 extremely vulnerable people, some of whom had fled conflicts. “A sophisticated cybersecurity attack against computer … Read more

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Fed’s Digital Dollar Report Finally Drops, With More Questions Than Answers

The Federal Reserve has finally dropped its long-awaited central bank digital currency report and it is … careful. Nonetheless, the report, Money and Payments: The U.S. Dollar in the Age of Digital Transformation, does give a window into the U.S. central bank’s thinking on the subject. Most notably, the Fed’s thinking is to make very, … Read more

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Meta’s new learning algorithm can teach AI to multi-task

If you can recognize a dog by sight, then you can probably recognize a dog when it is described to you in words. Not so for today’s artificial intelligence. Deep neural networks have become very good at identifying objects in photos and conversing in natural language, but not at the same time: there are AI … Read more

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Crypto/Blockchain

NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase

The mayor of New York City, Eric Adams, has received his first paycheck in bitcoin and ether via Coinbase. “Promise made, promise kept,” the mayor said, referring to his promise to take his first three paychecks in cryptocurrency. Mayor of New York City Takes Paycheck in Cryptocurrency With the Help of Coinbase New York City … Read more

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Elon Musk Does Not Object to Twitter NFTs, He’s Just Venting at Spambots

Tesla and SpaceX CEO Elon Musk does not have a problem with Twitter adding the ability of users to use a nonfungible token (NFT) as their profile picture — putting it in an octagonal window rather than a circle. The point of … Read more

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Altcoin Roundup: 3 emerging P2E gaming trends to keep an eye on in 2022

Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull markets, vaporware, speculation and euphoria can lead to unrealistic valuations and expectations, and this appears to … Read more

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Blockchain Technology Can Take the Sting out of Cross-Border Payments

Cross-border B2B payments can be challenging, with regulatory differences, language barriers and high global remittance costs. Regulatory differences increase turnaround times for transactions and negotiations, causing operational costs to go up, About:More than half of U.S. consumers think biometric authentication methods are … Read more

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The life cycle of smart contracts in the blockchain ecosystem

The formation of a smart contract, freezing of the smart contract, execution of the smart contract and finalization of the smart contract are the four significant steps of a smart contract’s life cycle. It is different from the blockchain development life cycle, which begins with defining the issue you want to resolve with your blockchain … Read more

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Banking, Finance and Investment

Vitalik deluged after asking for the ‘most unhinged’ criticisms about him

Buterin has been both the golden child of crypto, and the recipient of some of the most trenchant criticism. For a bit of fun, he decided today was the day he wanted to dig some notable digs up and share them with his Twitter followers. Ethereum co-founder Vitalik Buterin asked for, and received in spades, … Read more

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Obama backs Biden’s call to change Senate rules to pass voting rights in op-ed

Former President Barack Obama is calling on the Senate to “do the right thing” and pass voting rights legislation, backing President Joe Biden’s push to change Senate filibuster rules to do so.

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US Banks Plan USDF Stablecoin

A group of U.S. banks will offer its own stablecoin, USDF, as it tries to beat concerns about the reserves behind equivalents from nonbanks, according to a Wednesday (Jan. 12) CoinDesk report. The group is made up of institutions backed by the Federal Deposit Insurance Corp (FDIC), which is one of the biggest regulators in … Read more

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SEC Chair Gensler Discusses How Securities Laws Apply to Crypto Tokens — Won’t Say if Ethereum Is a Security

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has explained how securities laws apply to cryptocurrency tokens as he outlined the commission’s priorities in regulating the crypto space. “Our role at the SEC is to ensure that the public still gets basic protection,” he stressed. SEC Chair Gary Gensler on Cryptocurrency … Read more

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DeFi Loan Marketplace Goldfinch Nets $25M for Its Credit Protocol

Decentralized credit protocol Goldfinch has raised $25 million in a Series A extension round led by Andreessen Horowitz, per a Thursday (Jan. 6) report from CoinDesk. Goldfinch is an open market for loans without collateral, making use of a loan underwriting process and extending credit lines to lending businesses. Those businesses can then draw stablecoins … Read more

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