From NFL players accepting their salaries in cryptocurrency and Tom Brady founding his own NFT marketplace to the NFL providing Super Bowl attendees with customized NFTs, the National Football League and the blockchain community seem to have embraced each other. As Super Bowl LVI approaches this Sunday, there is one thing fans can be sure to expect: crypto ads. One marketing … [Read more...] about Stop listening to celebrities for financial advice, says Binance Super Bowl campaign
Financial
UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors
The U.K.'s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on.The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers would be able to respond to … [Read more...] about UK Financial Regulator to Limit Crypto Ads to Sophisticated, Wealthy Investors
Axis Bank issues financial contract on state-backed blockchain platform
Indian financial services giant Axis Bank issued a financial contract between two domestic businesses by using a government-backed blockchain platform called Secured Logistics Document Exchange (SLDE).SLDE was developed and released on Jul. 28, 2021, by India’s Ministry of Commerce & Industry to serve as a digital document exchange platform that uses blockchain-based … [Read more...] about Axis Bank issues financial contract on state-backed blockchain platform
Secure America’s Financial Strength With Stablecoins, Not Central Banks
As they say, change is hard. In a dynamic digital world, it’s tempting to protect ourselves from the pressure of change by simply refusing to acknowledge it and clinging to the status quo. But while that approach may feel comfortable, it’s a poor way for policymakers to manage a national strategy.Thankfully, there’s another way: embrace change and use it to our advantage.Jake … [Read more...] about Secure America’s Financial Strength With Stablecoins, Not Central Banks
Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report
“The reserves of these stablecoins, however, may not be subject to rigorous audits and the quality and quantity of collateral may not, in some cases, correspond to the issuer’s claims. Likewise, stablecoins that maintain their value through algorithmic mechanisms are potentially subject to failure due to market pressures, operational failures, and other risks,” the report … [Read more...] about Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report