Category: CyberFinance
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Starling Bank CEO Anne Boden Calls Crypto A Threat To Our Financial System!
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Anne Boden, CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech…
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MicroStrategy Holds On To Its “Bitcoin Long” Strategy
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Nasdaq-listed US Software firm MicroStrategy, like Elon Musk’s Tesla, is one of the major Bitcoin players within the Bitcoin segment. The company has a market cap of some $2.7 billion. The company has purchased over 129,000 bitcoins since August 2020. The company, co-founded by CEO Michael Saylor in 1989, first…
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Bravo! Japan Regulates Stablecoins To Protect Investors
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The collapse of the TerraUSD (UST) stablecoin, whose total value swelled to $18 billion before collapsing earlier in early May 2022. Crypto investors lost billions. Japan became one of the first major jurisdictions to introduce a legal framework around stablecoins. Japan’s parliament passed a bill, defining them essentially as digital…
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BaFin Chief Sees No Threat To Financial Stability From Crypto Turmoil!
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The crash of the Terra stable coin is not destabilizing the traditional FIAT financial system, says BaFin chief Mark Branson. However, this could change in the future, when interconnections between crypto and FIAT become tighter, that could happen. The cryptoquake surrounding the collapse of the stable coin Terra had led…