Bitcoin News and Finance: What You Need to Know

The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the arrangement “closes all multi-year-long inquiries into Nexo.” Nexo Pays $22.5 Million to SEC, $22.5 Million to Several State Regulators for EIP Offering On Jan. 19, 2023, Nexo announced that it has agreed to settle with the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA) and several state regulators, including the Office of the New York Attorney General, over an unregistered offering. According to the SEC, around June 2020, Nexo started to offer the company’s Earn Interest Product (EIP), an interest-earning product that allows investors to earn interest on deposited crypto assets. The U....

NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from crypto, claiming that most people in the crypto space are “all crooks.” Dr. Doom Warns Nearly 100% of Crypto Is a Scam Economic professor Nouriel Roubini, aka Dr. Doom, warned about cryptocurrency in an interview with Yahoo Finance Live Wednesday at the World Economic Forum in Davos, Switzerland. Roubini is a professor of economics and international business at New York University (NYU) Stern School of Business. He also serves as chairman of Roubini Global Economics, a global macroeconomic and market strategy research firm that he co-founded. He told the news outlet: Literally, 99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust. Dr. Doom also shared his opinion on the collapsed crypto exchange FTX and its disgraced ...

PRESS RELEASE. INTERNET CITY, DUBAI, Jan 19, 2023 – LBank Exchange, a global digital asset trading platform, has listed CPCoin (CPC) on January 19, 2023. For all users of LBank Exchange, the CPC/ USDT trading pair is now officially available for trading. CryptoPerformance is disrupting the crypto industry through its internal and highly developed blockchain, the CPCx0 Chain, its native coin CPCoin, and a buy and hold platform – which together ensure a one-stop-shop for all crypto users and high-quality products and services. Its native coin CPCoin (CPC) has been listed on LBank Exchange at 9:00 UTC on January 19, 2023, to further expand its global reach and help it achieve its vision. Introducing CryptoPerformance Group CryptoPerformance Group is a one-stop solution for all crypto-related needs, setting it apart from competitors by offering multiple digital solutions and products to individuals and corporations. It has built and financed its own in-house developed blockchain the ...

The World Economic Forum (WEF) has announced the rollout of the Global Collaboration Village, its own metaverse platform, for this year. Klaus Schwab, chairman of the WEF, plans to leverage this representation of Davos to allow people and leaders to meet in virtual worlds and coordinate global collaboration efforts efficiently. WEF to Promote Metaverse-Based Collaboration The World Economic Forum (WEF) has announced the rollout of its own metaverse platform, dubbed the Global Collaboration Village. The digital world, designed to look like the actual town of Davos in which the organization meets once every year, will supposedly allow for more efficient collaboration between world leaders. According to Klaus Schwab, chairman of the organization, the WEF plans to leverage this new world as a way of turning Davos meetings, which usually last just a week, into a project that will allow for interviews and conversations between world leaders all year round. Schwab is optimistic about thi...

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in Digital Euro Development, Says Many Decisions Are Political Finance ministers of the EU member states that have adopted the common European currency, the Eurogroup , met on Monday in Brussels to mark Croatia’s accession to the eurozone and discuss current matters — from the economic situation to the fiscal policy coordination in the euro area. One of the topics discussed was the advancement of the initiative to issue a digital version of the euro. In a statement adopted by the forum, the government officials vowed to continue their involvement, with Paschal Donohoe, the president of the informal format, quoted as saying: What we plan to d...