Finance
Today China held the National People's Congress. During it, the authorities announced a plan to tighten control over the financial sector. Among other things, it foresees the creation of a new agency, the National Financial Regulatory Administration. It will take over the powers of CBIRC, which will be
Finance
Earlier this month, CZ announced the launch of Bicasso, a tool for generating NFT using artificial intelligence. But, the winner of the BNB Chain hackathon and creator of the Chatcasso tool, accused the Binance exchange of plagiarism. According to him, the company copied the product just two months after they
Finance
Hedge fund Multicoin Capital suffered a 91.4% loss in 2022. The annual letter said the losses were caused by volatile market conditions and the collapse of the FTX cryptocurrency exchange. "We managed to avoid the collapse of LUNA and Three Arrows Capital, but unfortunately we were hit by
Finance
An organised criminal group involved in crypto-fraud was dismantled in Romania and Moldova. Twenty-one people were detained. The victims were lured by the large profits of investing in crypto through a special platform. In reality, the money went directly to the criminals, who laundered it in Moldova. The victims of
Finance
Tomorrow there will be a court hearing on Voyager Digital's new restructuring plan. Its "foundation" is a deal with Binance worth more than $1 billion. A poll showed that 97% of the platform's customers approve of it. One of Voyager's liquidators, Stretto,
Finance
Yuga Labs studio announced the launch of a new project. The collection of 300 NFTs, reflecting "a visual allegory on Bitcoin network data mapping," was named TwelveFold. The company stressed that the new project is in no way related to BAYC or other Ethereum-based collections. Moreover, the firm
Finance
Сryptocurrency exchangesThe U.S. Treasury Department has no plans to ban cryptocurrencies During the G20 Summit, U.S. Treasury Secretary Janet Yellen said that the government has no plans to ban cryptocurrencies, but is working on regulation and laws. Yellen explained that today it is crucial to create a strong
Finance
The mayor of the Swiss city of Lugano has announced the launch of a school bitcoin education programme. It will open as early as March. The project will coincide with the first anniversary of the "bitcoin revolution" in Lugano. Recall that the region launched a test programme for
Finance
The sale of NFT cats has started! Right now you can go to the official website of the project and get your cat (or several). Let's bring our victory closer together! You can buy NFT with crypto (via MetaMask, or any wallet with Wallet Connect support), with a
Finance
The Bank for International Settlements (BIS) has published a new report titled "Crypto shocks and retail losses". The organisation's main message is that most retail investors have lost money investing in BTC. "Data from major crypto trading platforms between August 2015 and December 2022 shows
Finance
Cryptocurrency hedge fund Galois Capital has announced its closure. The reason was the FTX exchange The company had kept half of its funds on the platform. They are now blocked and the timeline for repayment is unclear. As for the unlocked funds, the fund will distribute almost the entire amount
Bank
At the Daily Journal's annual investor meeting, Charlie Munger, the 99-year-old vice president of Berkshire Hathaway said . "I think people who oppose my position are idiots. Cryptocurrency is useless. Investors should avoid people who promote it." Munger himself suggests investing in banks rather than digital currencies.