Topic

Economics News

A collection of 554 issues

EToro suspended support for four tokens in the U.S. due to regulatory pressure

U.S. users of the eToro trading platform will no longer be able to open positions with DASH, MANA, ALGO and MATIC. The company attributed its decision to "regulatory developments." All four crypto-assets were mentioned in the SEC's lawsuit against Binance.

Hong Kong calls crypto exchanges and promises assistance

Hong Kong Legislative Council member Johnny NG has invited global cryptocurrency companies to move into their region. He wants operators of global crypto exchanges, including Coinbase, to expand their presence in Hong Kong.

Venture funds sued Curve founder

Venture firms ParaFi, Framework Ventures and 1kx sued Curve founder Mikhail Yegorov. He is accused of defrauding and using trade secrets, which led to financial losses. The plaintiffs also allege that the CRV tokens that Egorov sold for millions of dollars actually belonged to them.

China's state banks have reduced rates on deposits in dollars

Four major state banks in China have reduced rates on deposits in dollars amid the fall of the yuan due to high demand for dollars in the banking system, writes Bloomberg. Industrial & Commercial Bank of China Ltd., Bank of China Ltd., Agricultural Bank of China Ltd. and China Construction

Binance CEO may be handed over to Richard Teng

According to Bloomberg, Binance is considering changing its CEO. Changpeng Zhao could be replaced by Richard Teng. Binance appointed him head of all regional markets outside the U.S. in late May. Teng had a total of nearly 20 years of government service. The publication writes that this may be

Cryptocurrencies should be treated as securities by default - EU report

Cryptocurrencies should be treated as securities by default and DAOs should be given legal status, according to a study commissioned by lawmakers. The report writes that all crypto-assets should be treated as securities and therefore subject to the strict EU governance and authorization rules that apply to traditional stocks and

Bali threatens to deport tourists for using crypto

The Bali government has warned foreign tourists about the ban on the use of cryptocurrency when paying at hotels, restaurants and other places. "Foreign tourists who violate these provisions will be severely punished. We will take various measures - deportation, administrative fines, criminal penalties. And also to close commercial

Tether's CTO doesn't believe in a U.S. default

Tether CTO Paolo Ardoino think a scenario in which the U.S. would declare a technical default is unlikely. "I don't believe it will happen (a technical default). It carries terrible consequences for the U.S. economy," Ardonio declares.

Tornado Cash suffered a hacker attack

A hacker attacked the Tornado Cash mixer. He was able to gain full control of the mixer control, revoked all blocked votes, pulled all tokens from the control contract and hacked the router. In total, the attacker obtained 483,000 TORN from Tornado Cash's control vault. 385,300

Only half of crypto companies have an external auditor

Thirty-one of the 60 largest crypto companies have undergone an external financial audit or reserve confirmation, according to a Bloomberg survey. The survey included representatives from different fields: cryptocurrency exchanges (Binance and Coinbase), miners, token issuers (Tether) and blockchain security analysts (Chainalysis). Interestingly, 60 companies were offered to participate, but