Day: 21 December 2022

When rumours of Elon Musk buying Twitter started circulating on social media, many thought, "Why not?" The guy has the means to do whatever he wants, including buying whatever he wants. After some legal wranglings and ramblings about what might happen to the social media giant once in the hands ...

On November 7, 2022, the district court in New Hampshire granted summary judgment in favor of the US Securities and Exchange Commission (SEC) against the blockchain payment network LBRY. This was the SEC's third big win after beating Telegram and Kik. The case against Ripple is about to be decided, ...

Social Coop Limited, a company closely associated with Mask Network, a decentralized protocol that enables users to send encrypted messages and cryptocurrency payments through social media, has announced the acquisition of Pawoo.net, one of the biggest servers on the social media platform Mastodon.   According to a blog post, the acquisition ...

Hong Kong's Financial Services and the Treasury Bureau (FSTB) have established guidelines for the development of virtual assets and their ecosystems. They also intend to tokenize the Government Green Bond issuance as well as facilitate a possible launch of the country's CBDC, the e-HKD.   As of last year, Hong Kong ...

Australian cryptocurrency exchange Swyftx and share trading platform Superhero have cancelled their planned merger due to increased regulatory pressure from the government. The proposed merger, which was announced in June, was set to create a A$1.5 billion "digital and traditional finance powerhouse" with over 800,000 customers.  The cancellation follows the ...

Core Scientific, one of the world's largest Bitcoin miners, has reportedly filed for Chapter 11 bankruptcy protection in Texas today. The decision was made due to financial difficulties caused by falling cryptocurrency prices and high energy costs.  According to the report, the company's market capitalization has dropped from $4.3 billion ...

Analysts predict that next-generation consumer brand interaction will be powered by NFTs in 2023, bringing new audiences to the metaverse.  The metaverse was the subject matter of the business world in 2021 and early 2022, as developers rushed to create it, companies sought to advertise there, and employers sought to ...

The Governor of the Reserve Bank of India, Shaktikanta Das, has stated that while India is not at war with digital currencies, the use of private cryptocurrencies could lead to the next financial crisis.  Das added that cryptocurrencies lack underlying fundamentals and should be prohibited. He explained that they pose ...

A new rule amending Alaska's money transmission laws now includes virtual currencies among the money transmission activities that are subject to regulation. Firms dealing in digital currencies will be required to obtain an Alaska money transmission license starting January 1, 2023. This rule applies to companies that move virtual currency ...

MoneyGram has launched a new online platform called MoneyGram Online (MGO) in Brazil, allowing Brazilian users to send money internationally via MoneyGram.  This service allows for almost real-time transfers to friends and relatives overseas and offers a variety of payment options customized to the recipient's needs, including deposits to accounts, ...