Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’ Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Federal Reserve Chairman Jerome Powell talked about the regulation of decentralized... Source ..read more

Southeast Asia’s Largest Bank DBS Launches Self-Directed Crypto Trading Amid Institutional Demand The largest bank in Southeast Asia, DBS, has launched self-directed cryptocurrency trading via its app. More customers are now qualified to access the bank’s digital asset exchange and trade cryptocurrencies, including bitcoin and ether. DBS, the largest bank in Southeast Asia... Source ..read more

UK Proposes New Law to ‘Seize, Freeze and Recover’ Crypto Assets Easier and Faster The British government has presented the Economic Crime and Corporate Transparency Bill to Parliament that will “make it easier and quicker” for law enforcement agencies “to seize, freeze and recover crypto assets.” The government stressed: “We must ensure that law enforcement agencies have the right legislative... Source ..read more

Binance Founder CZ Announces Romanian Office as Part of Regional Expansion Changpeng Zhao (CZ), founder and chief executive officer of cryptocurrency exchange Binance, has announced the opening of an office in Romania. During a visit to the country, he met with high-ranking officials and emphasized Binance’s intentions to expand direct operations in Eastern Europe. Binance, the world’s leading... Source ..read more

Web3 Game Platform Iskra Raises $40M, Partners with Gate․io for Token Generation Event press release PRESS RELEASE. Iskra, a web3 community game platform that raised $40M from Korean tech giants Krust, Wemade, Netmarble, LINE Studio and others, plans to hold its first Token Generation Event (TGE) on global exchange Gate.io. The TGE is scheduled for Thursday, September 29, 2022, at 9:00 am UTC. Source ..read more

Indian Government Working on How GST Tax Could Be Applied to Crypto India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions. “A better understanding of how cryptocurrencies fit into our legal system is the prerequisite for the decision on the GST rate,” a source told local media. India’s finance ministry is reportedly working on... Source ..read more

Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’ On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.” Boba Network... Source ..read more

Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry this year. Source ..read more

As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of inflation,” Biden stressed during his “60 Minutes” interview that aired on Sunday... Source ..read more

Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. On September 21, 2022, the U.S. central bank and Fed... Source ..read more