Day: January 4, 2024

China’s Misguided Crypto Crusade: Legal Daily Advocates a Misconceived Crackdown

China’s state-run Legal Daily has once again embarked on a misguided tirade against cryptocurrencies, labeling them as a “corruption channel” and clamoring for an intensified crackdown. This overzealous assertion, reflecting a rather narrow understanding of the digital currency landscape, appeared prominently in a recent publication, much to the chagrin of informed observers. The Legal Daily, […]

Steve Eisman’s Perspective: Hawkish Fed Predicted for 2024 and Potential Impact on US Banks

Steve Eisman, renowned for his accurate prediction of the 2008 housing crisis, recently shared his insights on the future of the Federal Reserve’s monetary policy and its potential implications for major U.S. banks. His views, expressed in a CNBC’s “Fast Money” interview, delve into the complexities of the current financial landscape and the challenges facing […]

South Korea’s Progressive Crypto Wallet Tax Policy

South Korea’s National Tax Service (NTS) has taken a pivotal step in cryptocurrency regulation with its latest announcement exempting non-custodial, decentralized wallets, including cold wallets, from overseas financial account reporting. This decision, declared on October 30, 2023, comes after the NTS’s June 2023 decision to include virtual assets in such reporting for holdings exceeding 500 […]

Puma: A Visionary in Web3 and the Metaverse in 2024

Puma has reaffirmed its commitment to Web3 in 2024, standing in stark contrast to other brands that distanced themselves from this technology during the recent crypto winter. Under the leadership of Ivan Dashkov, head of emerging technology, the company remains steadfast in its belief that Web3 is the internet of the future, despite modest results […]

Wirex and ZeroFox Lead Financial Security

Wirex, a frontrunner in the Web3 financial sector, has recently escalated its defense against Dark Web intrusions and the menace of money mule accounts. The company has astutely integrated ZeroFox’s state-of-the-art Dark Web Monitoring tool, establishing a robust security network. This integration signifies a harmonious blend of human expertise and artificial intelligence, meticulously scouring the […]

Nigeria Embraces Crypto: New Banking Rules Unveiled

Nigeria, Africa’s most populous nation, has taken a significant step in the world of digital finance. The Central Bank of Nigeria (CBN) recently announced a set of stringent rules for banks, marking a pivotal shift from its previous stance on cryptocurrencies. This move aligns Nigeria with global trends in blockchain technology and digital assets, reflecting […]