During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened AttentionBitcoinEconomicsMoneyNewspaySupply Read More
United States President Joe Biden is reportedly on track to propose a 5.7% increase to the salaries of Federal Government workers in the country.
According to a report from the Washington Post, citing sources close to the plans, the increment will come off as the largest in more than 40 years.
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Wallet startup Giddy has a new "autogas" feature for easy onboarding into Polygon.
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Singapore-based Alchemy Pay is quite popular for offering on and off-ramps, crypto payments, as well as NFT checkout to Web3 platforms.
In a recent development, the crypto gateway platform Alchemy Pay announced securing a license from the central bank of Indonesia in cooperation with local fintech firm Berkah Digital Pembayaran. As AlchemyCryptoGatewayIndonesiaLicensepayPlatformSecures Read More
Alchemy Pay has obtained a license from the central bank of Indonesia to operate remittances and fund transfers in cooperation with the local fintech Berkah Digital Pembayaran.Announcing the news on Feb. 27, Alchemy Pay noted that the Bank of Indonesia issued the licenses jointly to Alchemy Pay and Berkah Digital’s AlchemyCryptoGatewayIndonesiaLicensepayScores Read More
Attorneys working on behalf of former FTX CEO Sam Bankman-Fried have agreed to pay for a security expert to assist the federal judge overseeing his fraud case in navigating modern encryption technology to aid in possibly modifying Bankman-Fried's bail terms.Bankman-Fried’s lawyers Christian Everdell and Mark Cohen sent a letter to AidBailExpertJudgeLawyerspaySBFTechnicalTerms Read More
Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.CUD, a private university in Dubai, was seemingly interested in allowing students — both domestic and international — AcceptingBacktracksBinanceBitcoinCanadianCryptocryptoexchangeDubaiExchangespayUniversity Read More
A major Brazilian bank is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.According to a statement published by Brazilian bank Banco do Brasil on Feb. 11 it is now “possible” for Brazilian taxpayers to pay their tax bill with crypto, in a joint initiative BankBitcoinBrazilsCryptocryptoexchangeExchangesOldestpayResidentsTaxes Read More
“Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws,” said SEC Chair Gary Gensler. “Today’s action should make clear to the marketplace that staking-as-a-service providers must register 30MCryptoExchangeFineKrakenpaySECServiceSettlementShutStaking Read More
Elon Musk’s Twitter has fallen into revenue difficulties, hoping to find new sources of revenue outside the original $5 billion a year advertising business model.
According to a recent Financial Times report, Musk is betting this ambition for revenue growth on the payments business. He has said he wants Twitter AlchemyBitcoincryptoexchangeExchangesFiatCryptoGatewayMusksNewspayPaymentSponsoredTuneTwitterVision Read More