Authorities in Norway have revealed their intention to introduce a new data centre law aimed at regulating operations within these facilities. One of the key objectives of this legislation is to target cryptocurrency mining activities, which the government deems undesirable within the country. The proposed law will require data centre operators to register and
One of the first sovereign-wealth funds, and the largest at the state level in the U.S., just made a big bet on groceries as inflation continues to pressure American consumers. Alaska Permanent Fund tripled its investments in shares of Walmart and Kroger —the respective No. 1 and No. 2 players in terms of their share
Globally, the regulatory landscape for the financial technology sector is becoming increasingly stringent. This has led to the development of intricate legal structures governing the operations of entities such as crypto asset service providers (CASPs), cryptocurrency exchanges, investment firms, forex brokers, banks, and other financial players, especially in Europe. Europe’s evolving crypto regulatory landscape The
The U.S. bitcoin ETFs have arrived – and since their introduction, there has been a reliable uptick in the price of bitcoin. Ever a typical (and therefore not completely rational) market, what will likely happen, just as in years past, the price of other cryptocurrencies without affiliation to Bitcoin or the new ETFs will rise
The US legal giant has recruited financial regulation partner Sebastian Barling from the Magic Circle law firm, according to people familiar with the situation. Barling spent nearly 13 years at Linklaters and was promoted to partner in 2018. He previously spent four years at Reed Smith. Linklaters has been hit by a string of partner exits
Several countries — especially those that can borrow at low cost from financial markets — are reluctant to carry out unpopular domestic reforms in exchange for loans which they will have to eventually hand back to the Commission. An EU official said the Commission introduced stricter checks as a sop to frugal governments, mainly countries
Sometime between FTX’s collapse and Sam Bankman-Fried’s fraud conviction a year later, a consensus formed about the onetime boy genius of cryptocurrency: His wild, curly hair and beanbag chair naps at the office were largely for show, but his company FTX, which had been used by millions of people to buy and sell digital currencies,
South Korean Do Kwon presided over one of the biggest busts ever in the volatile crypto sector. His Terraform Labs Pte created the TerraUSD stablecoin, which was meant to have a constant $1 value via a complex mix of algorithms and trader incentives involving a sister token, Luna. Their combined value soared past $60 billion
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels. This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering inclusivity. However, the rise of “finfluencers” — popular yet potentially unqualified individuals
