Sec Boss Calls For Urgent Crypto Regulation As Market Carnage Persists

Specifically, SEC Chairman Gary Gensler has commented on the recent market downturn, using it to stress the “urgency” of the need to better regulate the industry and that “it’s an urgency about investor protection,” as he told the Wall Street Journal at its virtual CFO Network summit, in a video interview published on June 14. According to him, the agency wants to introduce “the same kind of protections” that investors have on the stock market but which do not currently exist in the cryptocurrency exchanges and lending – referring to the recent scenarios in which the crypto lending platform Celsius halted all withdrawals and crypto exchange Binance did the same temporarily....

December 28, 2022 · 2 min · 284 words · Dominick Rivera

South African Central Bank Official Accused Of Spreading Crypto Misinformation

Specifically, the claims made by Kuben Naidoo, the deputy governor of the South African Reserve Bank (SARB), that “90% of cryptocurrency transactions” are used for illicit purposes were heavily bashed by Steven Boykey Sidley, a South African university professor and author. In his opinion piece for the local media outlet Daily Maverick on July 27, Sidley reflected on Naidoo’s comments that “most use cases for crypto globally have not been an honest one”, as he was allegedly informed by his “counterparts in the US....

December 28, 2022 · 2 min · 358 words · Amado Ball

Spacex S Doge 1 Mission To The Moon Reportedly Still On Despite Delays

However, the mission dubbed “DOGE-1 Mission to the Moon” is reportedly still on course, with individuals close to the matter acknowledging there have been delays. Indeed, space reporter Michael Sheetz, through a tweet on June 29, stated that the mission is slated for later this year noting that the likely date will be December 2022. In 2021, Musk, as part of his support for Dogecoin (DOGE), revealed that SpaceX would be unveiling the Dogecoin-themed lunar mission in 2022....

December 28, 2022 · 2 min · 301 words · Charles Perez

Survey 85 Of Organizations Using Microsoft 365 Suffer Email Breaches

A study by Arlington Research shows that about 67% of IT leaders recorded a surge in data breaches while using Microsoft 365. Elsewhere, only 32% of IT leaders from organizations without Microsoft 365 recorded email data breaches. The study sampled feedback from 500 IT leaders and 3,000 remote-working employees in financial services, healthcare, and legal services across the U.S. and the U.K. Commenting on the research finding, Software firm Egress CTO Darren Cooper acknowledged that Microsoft 365 had recorded significant adoption amid the pandemic, but the security flaws are evident....

December 28, 2022 · 1 min · 206 words · Michael Long

Swiss Bank Dukascopy Bets Bitcoin Should Attest New Highs Mid Late October

In a technical analysis-focused video, Jean-Francois Owczarczak, director of FinGraphs, suggested that the Nasdaq is related to cryptocurrency and that both their weekly and daily graphs show a total uptrend. However, he noted that the Nasdaq’s risk index on both the weekly and daily graphs is getting overbought. Hence, this might lead to some correction in the Nasdaq and growth trades, which may result in some regression in Bitcoin and other cryptocurrencies in the next few weeks; that said, the uptrends are still in place, and we would expect further upside into next spring on both Bitcoin and Ethereum (ETH)....

December 28, 2022 · 2 min · 250 words · Bryan Mcconnell

Tech And Semiconductor Are The Go To Sectors Now Says Investment Manager

Speaking to TD Ameritrade Network, Forrest stated that the biggest opportunity lies in the business-oriented technology and semiconductor sectors. She noted that the sectors are also likely to gain amid the resurgence of coronavirus cases fuelled by the Omicron variant. According to Forrest, the resurging cases also translate to more remote working, and companies will be moving towards enhancing productivity through relevant tech tools. In this line, she expects companies to opt for 5G technology....

December 28, 2022 · 1 min · 212 words · Lloyd Austin

Tesla Stock Tops 2 000 Mark More Gains Are Ahead Analysts Say Finbold

The shares are currently trading around $2038 and Tesla stock took only one month to add the thousand dollars to its each share price. The latest stock split is among the biggest share price driver in the past week. The upcoming battery event set for the next month could also be one of the biggest catalysts for more share price gains. Wedbush has provided a bull case scenario of $2,500 amid strong EV demand from European and Asian markets....

December 28, 2022 · 1 min · 188 words · Rosemary Forbis

The Great Recession Explained 2007 2009 Economic Downturn

The Great Recession definition In 2004, the Federal Reserve raised the Fed funds rate just as the interest rates on these new mortgages reset. As supply outpaced demand, housing prices plummeted in 2007, trapping homeowners who couldn’t afford their loans in the first place. As borrowers began to default on their mortgages, the value of mortgage-backed securities held by investment banks crumbled, causing several to collapse or be bailed out by the government....

December 28, 2022 · 17 min · 3431 words · Jose Henrich

The Man Who Broke Into Terra Ceo S Residence Was A Crypto Investor Who Lost 2 Million

The suspect, whose name has been concealed, is said to have broken into the apartment complex located in the eastern part of Seoul a week ago, and then proceeded to ring Kwon’s doorbell while his wife was inside the residence, according to a report by Korean outlet Yonhap. According to the authorities, after Kwon’s visit, his wife asked the police to safeguard them both from further harm. Kwon said previously in his blog post that Terraform Labs is working on methods to keep its Terra blockchain and ecosystem operating despite the collapse of its coin....

December 28, 2022 · 2 min · 307 words · Marcy Brinkley

Top 10 Ios Mobile Gaming Apps Generate Over 13 Million In Daily Revenue

From the data, Fortnite leads in average daily revenue at $2.75 million followed by Roblox (RBLX) with revenue of $2.40 million. Augmented reality mobile game Pokemon Go ranks third with returns of $1.86 million while Coin Master closely follows at $1.80 million. Candy Crush Saga brings in the fifth-highest daily revenue of $1.42 million. Supercell’s freemium mobile strategy video game Clash of Clans is sixth with returns of $0.94 million while Gardenscapes is seventh at $0....

December 28, 2022 · 3 min · 558 words · Alan Grubbs

Top 5 Ethereum Mining Pools Earn 192 Million In 7 Days Ahead Of Upgrade Finbold

Data shared to Finbold by cryptocurrency trading simulator Crypto Parrot indicates that the top five Ethereum mining pools cumulatively earned 77,450 ETH in rewards, translating to over $192.69 million. The rewards were earned over seven days between July 27 and August 2, where 29,021 blocks were mined. The Ethermine pool earned the highest reward at 28,239 ETH from mining 10,615 blocks. Spark Pool earned 23,276 ETH from 8,684 blocks, while F2Pool Old ranks third with 11,914 ETH in rewards from 4,443 blocks....

December 28, 2022 · 2 min · 296 words · Sheila Seeds

Top Securities Regulator Warns Inflation May Push Investors Into Risky Assets Like Bitcoin Finbold

Speaking during an interview on May 25, the official warned that with the possibility of increased uptake of Bitcoin, the EU needs to be ready from a regulatory perspective, Bloomberg reports. Ross noted that the high returns promised by cryptocurrencies make assets like Bitcoin more attractive. Push for unified regulations The chairwoman called for a unified European approach toward crypto regulations as an improvement from the current framework that largely depends on national laws....

December 28, 2022 · 2 min · 262 words · Jessie Regnier

Total Amount Of Staked Eth Almost Doubles In A Year As Merge Approaches

Specifically, the amount of ETH staked reached 13.29 million on August 16, which is nearly double compared to one year before, despite its price declining by 43% during the same period, institutional-grade research platform Delphi Digital tweeted on August 17. Staked ETH is constantly growing Defi Pulse’s chart also shows that, since the start of the Ethereum 2.0 upgrade, the amount of staked ETH has been steadily growing after the community staked more than 1 million Ethereum within the first week of December to support the upgrade....

December 28, 2022 · 2 min · 288 words · Cathy Caron

Total Winning Prize Paid To Gamers Globally Surpass 1 Billion Finbold

As of January 2022, the esports total prize money paid stood at $1.14 billion, going out to 99,369 players who have participated in 47,977 tournaments, data by Esports Earnings indicates. The prize money milestone correlates with the esports industry’s upward growth in recent years. Overall, esports, a once niche hobby for computer enthusiasts, is emerging as a global gaming segment and increasingly growing as a mainstream phenomenon. The prize money also points to the industry’s potential, considering it’s still a relatively new segment in the sporting world....

December 28, 2022 · 2 min · 311 words · Adrian Gamble

Turkey S Economy Minister Met With Citizens To Discuss Shib Adoption Finbold

Most recently, Deputy Chairman of the AK Party Group and Minister of Economy for Turkey, Mustafa Elitaş, discussed the adoption of SHIB with Shiba Inu Türkiye, a ‘SHIB army’ member from Turkey. In particular, Shiba Inu Türkiye had a face-to-face discussion with officials from the Turkish Parliament, chaired by Mustafa Elitaş, during which the SHIB ecosystem was addressed, according to a tweet on March 9 by lead Shiba Inu developer Shytoshi Kusama....

December 28, 2022 · 2 min · 300 words · Dorothea Henderson

U S Treasury Pushes For Uniform Global Cryptocurrency Regulations

The department published an international crypto regulation framework on July 7 detailing how the U.S. domestic financial values should be respected alongside protections for businesses and consumers engaging in the crypto sector. According to the fact sheet, cryptocurrencies should be regulated to minimise the possible use of digital assets in crime. Additionally, the agency notes that regulated cryptocurrencies can promote financial inclusion and drive innovations. U.S. to use global dominance in regulating crypto The department under Secretary Janet Yellen noted that the U....

December 28, 2022 · 2 min · 297 words · Teresa Lasley

Uk Financial Watchdog Urges Firms To Be Less Like Wolf Of Wall Street

Indeed, Emily Shepperd, the Chief Operating Officer at the Financial Conduct Authority (FCA), has recently drawn attention to the portrayal of the world of finance as either dull or erratic and urged companies against encouraging behaviour similar to the glamourized versions of familiar financial players. Less like Wolf of Wall Street, more like George Bailey As she explained in her speech, delivered at City and Financial Global’s 8th Annual Culture and Conduct Forum for the Financial Services Industry on November 28, she said that things are far from what they seem, starting with the ‘Wolf of Wall Street....

December 28, 2022 · 2 min · 425 words · Rhonda Loyd

Using Ping To Test For Network Connectivity

The PING command sends an ICMP Echo Request message to a destination host. You can use PING whenever you need to verify that a host computer (source) can send IP packets to a destination host (target). You can also use PING isolate where the network connectivity issue is located. If you receive an error message you should continue to troubleshoot based on the error indicated. To use the PING command, follow these steps:...

December 28, 2022 · 3 min · 482 words · Vanessa Hillebrand

Wall Street Ceos Might Be Facing Threat In Capital Management Says Bank Advisory Director

Speaking to Fox Business, Mosby stated that the banks’ concern is that once the economic recovery is finished, they may not efficiently manage the capital accumulated over the years. Mosby believes that the banks will potentially not be able to entirely decide on whether to release their capital or not. He projects such a scenario will push the lenders to create extra growth. However, Mosby acknowledged that the big lenders had played a key role in managing the financial crisis....

December 28, 2022 · 2 min · 304 words · Priscilla Watson

Wall Street Investment Bank Picks Canoo Goev As The Top Ev Stock Pick For 2022 Finbold

Speaking with CNBC, Roth Capital Investment Bank’s Craig Irwin revealed he sees “EVs as inevitable” and doesn’t think “there’s any question the future is electric” when discussing President Joe Biden’s ‘Build Back Better’ bill. The Wall Street analyst was asked if he could pick just one EV stock right now what would it be and responded with his top stock pick: He added: Meeting orders is essential in competitive EV sector The analyst said that the most important thing in the industry is to ship your cars in order to make your numbers, and the believes that Canoo is in an excellent position to do so over the next series of quarters....

December 28, 2022 · 2 min · 274 words · Mildred Everett