Sony, Electronics Pioneer Behind Walkman, Starts Own Blockchain 'Soneium'
The new project, "Soneium" will be a layer-2 network atop the Ethereum blockchain, using technology from Optimism's OP Stack.
Aussie regulator wins case against Kraken crypto exchange operator on distribution flaws
Bit Trade Pty is the operator of the Kraken crypto exchange, one of world's largest cryptocurrency exchanges, in Australia. In September 2023, the Australian Securities and Investments Commission (ASIC) initiated civil proceedings against Bit Trade alleging that Bit Trade, a subsidiary of U.S. Payward Incorporated, failed to make a target market determination for the product before offering it to customers, despite being notified of concerns.
If Jerome Powell Signals Rate Cuts On Friday, What Does That Mean For Crypto?
After more than two and a half years of aggressive monetary tightening, U.S. Federal Reserve Chairman Jerome Powell is widely expected to indicate an impending shift towards easing monetary policy. What Happened: Powell's highly anticipated keynote address at the Kansas City Fed’s Jackson Hole Economic Symposium is scheduled for Friday at 10 a.m. ET, and this event has historically been used by Fed chairs, including Powell, to signal significant changes in central bank policy, Coindesk reported.
R.I.P. Unhosted Wallet Rule
The 2020 FinCEN unhosted wallet proposal has arguably been dead for years, but now it's official.
Mexico City assembly OKs strongest rent control since the 1940s, limiting rises to inflation rate
The legislature of Mexico City approved the most ambitious rent control law since the 1940s Thursday, limiting rent increases to the rate of inflation in the previous year. Rents in the vast city of 9 million inhabitants were essentially frozen in the 1940s, and remained so for decades on older buildings. Mexico City, like many around the world, had seen complaints that rents were shooting up because of digital nomads and short-term rentals.
Fed’s Jackson Hole Conference Is Underway: Here’s What to Expect
(Bloomberg) -- The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming kicked off Thursday evening with a dinner filled with central bankers, economists and reporters from the around the world. Here’s what to expect from the three-day conference:Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe S
Fundstrat’s Tom Lee says Jerome Powell is too dependent on data and it’s hurting the Fed’s decision-making abilities
The Fed’s reliance on data has made it too slow in deciding whether to cut rates, which could mess up the soft landing, says Fundstrat managing partner Tom Lee.
Oil Heads for Weekly Decline on Demand Concerns and Gaza Talks
(Bloomberg) -- Oil headed for a weekly loss — after hitting the lowest close since January midweek — on a challenging demand outlook, and US efforts to secure a cease-fire in Gaza.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoWest Texas Intermediate was steady near $73 a barrel, more th
Here's how Jerome Powell could surprise markets with his Jackson Hole speech
"A possible hawkish surprise might be highlighting instead that broad financial conditions are still quite easy," Goldman Sachs said.
PayPal partners with crypto bank Anchorage Digital to offer stablecoin rewards—despite murky legal rules
As the crypto industry fights for clarity on stablecoin oversight, Anchorage insists that its novel program operates outside the jurisdiction of the SEC.