IMF Issues Warning About Additional Crypto Selloffs and Failing Coins
The International Monetary Fund (IMF) director has issued a warning about further selloffs in both stocks and crypto assets. He added that more cryptocurrency...
Bloomberg’s Hong Kong partner is being sued for defamation by Binance CEO.
Changpeng Zhao, the CEO of Binance, filed a defamation lawsuit against Modern Media CL., the publisher of Bloomberg Businessweek in Hong Kong, on Monday. The lawsuit stemmed from a title of a translated article in Chinese that claimed Zhao was the head of a "ponzi scheme."
The lawsuit is related to Zhao's profile in Bloomberg Businessweek's article "Can Crypto's Richest Man Stand the Cold?" from June 23.Â
But in Hong Kong, Businessweek's local publisher Modern Media CL used a different headline with the intention of inciting "hatred, contempt, and ridicule" for Zhao Changpeng, the world's richest crypto billionaire: "Zhao Changpeng's Ponzi Scheme," according to Zhao's representative.
Zhao demanded a retraction, a restraining order to prevent the defendants from spreading the portrayal further, and the removal of the edition from newsstands;...
US State Regulator Issues Warning Regarding Crypto Interest-Bearing Accounts During Market Recession
Arizona's financial watchdog has issued a warning to investors regarding cryptocurrency interest-bearing accounts. The regulator warned that "some companies may materially overstate the extent...
According to a study, cryptocurrencies are a “Good Alternative to Traditional Settlement Processes.”
According to a recent study, cryptocurrency can be a good substitute for traditional settlement procedures because it uses blockchain technology, which enables instantaneous transaction...
Industry claims that Ukraine’s new fiat restrictions will increase the popularity of cryptocurrencies.
The fixed rate of the national currency in U.S. dollars has been modified by the central bank of Ukraine, and stricter restrictions on hryvnia...
SABIC, a Saudi chemical manufacturer, has launched a blockchain pilot project.
According to a chemical manufacturer in Saudi Arabia, a blockchain pilot that just got underway will explore the technology's potential for "supporting end-to-end digital...
The Central Bank Digital Currency is Being “Phased Implemented” by the Reserve Bank of India.
The Reserve Bank of India (RBI), the country's central bank, is attempting to "phase in a central bank digital currency (CBDC) in both wholesale...
The Colombian Financial Superintendence has unveiled a project to regulate cryptocurrency service providers.
A project from Colombia's Financial Superintendence aims to clarify how future interactions between banks and virtual asset service providers (VASPs) will be managed. Before...
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