Cryptocurrency Analysis and News Portal
The Information Commissioner’s Office (ICO) has set out a commitment to safeguard the information rights of the most vulnerable people, including regulatory work around children’s privacy, AI-driven discrimination, the use of algorithms within the benefits system and the
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The global standard-setter IOSCO's new fintech task force will focus on setting up policy recommendations for digital assets to be published in 2023. Original Source
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Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) insights, a newsletter crafted to bring you some of the major developments over the last week.This past week, the DeFi ecosystem got recognition from the United Kingdom government, as they sought public feedback on taxation of the DeFi
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Summary: OKX crypto exchange has updated its plans to weather the ongoing crypto winter. The team at OKX has stated that they plan to increase their workforce by 30% to 5,000 employees globally in 12 months. Additionally, OKX plans on maintaining gender balance. The team at the crypto exchange of OKX has announced that
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Celsius, a crypto lender that has come under scrutiny since it froze withdrawals last weekend, citing "extreme market conditions," holds 409,260 stETH tokens, worth about $470 million at current prices, according to data provided by Ape Board, a portfolio tracker from the blockchain analysis firm Nansen. Original Source
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Interesting times have arrived in Nigeria, as cryptocurrency is now a focal point in the campaigns of the Nigerian national elections. Candidates are moving towards embracing cryptocurrency as a staple of the financial world of Nigeria, and are advocating for global adoption of crypto. A presidential hopeful in Nigeria, Abubakar Saraki,
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“To start with, I would say the top 10 cryptocurrencies by market capitalization we will be looking at opportunistically for market making and client services,” Mohideen said in an interview. “Then basically, we’ll go down further the market cap chain to see the opportunity based on institutional demand. So, also
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The Australian tax agency has listed crypto-related profits among several priority areas where more efforts are needed to ensure correct reporting. The authority has reminded taxpayers they need to calculate any capital gain or loss from the sale of digital coins and tokens and record it in their tax returns.
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“There’s a huge focus on derivatives,” said Elwood CEO James Stickland in an interview. “It’s a great way for tier one banks to get involved in a synthetic nature without having to hold the underlying. Actually, there are huge margins and spreads to be made in the derivatives space, and
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The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007's subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets,
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