Latest from Nelson Wang
Hungary’s Central Bank Head Calls on EU to Ban Crypto Mining and Trading
The governor of the Hungarian National Bank said he agreed with the Russian central bank’s earlier proposal to ban crypto activities.
New FDIC Acting Chair Says Evaluation of Crypto Risks Is a Top Priority for 2022
Martin Gruenberg said agencies like the FDIC need to provide “robust guidance” to the banking industry on how to manage the risks to consumers posed by crypto assets.
Sen. Toomey Sounds Warning About China’s Digital Yuan as Olympics Start
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
The company formerly known as Facebook also reported 2021 revenue of $2.3 billion from the newly broken out division.
PayPal Shares Slump as Revenue Growth Slows
The payment giant’s quarterly revenue increased 13% in the fourth quarter, down from a 25% increase a year ago.
Provision in House Bill Allowing Treasury Secretary to Block International Crypto Transactions to Be Removed
An agreement has been reached between the congressman who introduced the provision and an industry think tank that lobbied against it.
Google Cloud Hiring Team of Blockchain Experts
The cloud giant is looking at services it can offer directly to blockchain developers.
Tesla Reports Bitcoin Holdings Unchanged in Q4
The electric car maker did not buy or sell any of the bitcoin held on its balance sheet, nor did it record any impairments.
IMF Urges El Salvador to Discontinue Bitcoin’s Legal Tender Status
The global financial institution said BTC's use as legal tender poses risks to the country's financial stability, integrity and consumer protection.
Crypto.com CEO Acknowledges 400 Customer Accounts Were Hacked
Kris Marszalek said all of the affected accounts were reimbursed.
