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New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change.In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing such risks
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Hester Peirce, commissioner for the United States Securities and Exchange Commission (SEC) affectionately known as “Crypto Mom,” says the regulator’s more conservative attitude around crypto needs to change as people become more interested in the space. In a recent interview with Cryptox, Peirce said the crypto landscape is changing quickly.“While we’ve
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Being a policymaker or regulator these days is harder than ever. What policy objective to prioritize: digital innovation and economic growth or prudent operation of the existing markets? Privacy, confidentiality and other civil liberties, or the radical transparency that is required to aid in the prevention of financial crime and
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Ripple's Chris Larsen threatened to leave the U.S. if the country's stance on crypto doesn't soon change, Fortune reported. Source
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Sony has announced a change to the button layout for the PS5.In Japan, the long-standing O button for confirming layout will be swapped to the western-centric X button for confirming.Not only has this change annoyed Japanese gamers, but it was also completely unnecessary.Sony is making a big change to the
Read MoreAfrica is the home to 1.2 billion people and what has been described as the world’s largest trade area — the African Continental Free Trade Area. Africa is forging a new path to driving development, and access to financial services will play a significant role in its economic growth. The
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Leading decentralized finance (DeFi) coin LEND, the native token of the Aave protocol, is up 5% in the
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Brian Armstrong, the CEO of United States cryptocurrency exchange Coinbase, alleges that Apple is stifling innovation in crypto and sidelining DeFi to protect itself from competition.In a Twitter thread published on Sept. 11, Armstrong doubled down on his earlier claims that Apple continues to block some functionalities for cryptocurrency developers. The
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An Ethereum smart contract feature that offers rebates for fees has developers scratching their heads, wondering if they should toss the old code in light of an exponential rise in transaction costs. Called gas tokens, these smart contract loopholes are a way to send transactions on the cheap by “tokenzing” gas,
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UK-based fintech company Fasset aims to bridge the $15 trillion gap in sustainable infrastructure development with blockchain-backed investments. Source
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