• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, September 22, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Top five stories of the week – 19 August 2022

August 19, 2022
in Regulations
Reading Time: 5 mins read
A A
Top five stories of the week – 19 August 2022
ShareShareShareShareShare

Here’s our pick of five of the top news stories from the world of finance and tech this week.


Abrdn snaps up stake in digital securities exchange Archax

abrdn buys stake in Archax

Scottish wealth management firm abrdn has finalised a deal to become the largest external shareholder in Archax, a UK-based regulated digital assets exchange.

Related articles

Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing – Coinpedia Fintech News

Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing – Coinpedia Fintech News

September 22, 2023
JPEX scam highlights need to tighten regulation and speed up investor education – South China Morning Post

JPEX scam highlights need to tighten regulation and speed up investor education – South China Morning Post

September 22, 2023

Established in 2018, Archax helps institutional investors gain access to blockchain-based digital assets, claiming to act as a “bridge” to traditional capital markets. It is set to launch later this year.

Archax says it is the “first and only” digital securities exchange to have received approval from the Financial Conduct Authority (FCA) with permissions for trading, custody and brokerage.

Through its stake in Archax, abrdn aims to provide new investment opportunities through digital securities to its customers.

Read more here


UN calls for comprehensive crypto regulation in developing countries

The United Nations Conference on Trade and Development (UNCTAD) has outlined the “risks and costs” of cryptocurrencies to developing nations in three policy briefs, suggesting ways to limit their expansion.

The UNCTAD, which promotes the interests of developing states in world trade, details how crypto is a potential threat to financial stability, the allocation of capital and resources and the security of monetary systems within developing countries.

Citizens of emerging nations, such as Kenya, Venezuela and India, are disproportionately more likely to own digital currency, the UNCTAD says, with 15 of the top 20 countries with the highest share of digital asset ownership being emerging countries.

It calls on developing nations to curb crypto advertising and introduce robust regulation of crypto exchanges, digital wallets and other aspects of decentralised finance. It also suggests banning financial institutions from holding crypto.

Read more here


Zopa founder Giles Andrews joins Hoares as non-exec director

Hoares hires Giles Andrews as non-exec director

British private bank C Hoare & Co has appointed fintech veteran Giles Andrews as an independent non-executive director.

While Andrews has been involved with a number of fintech companies, it is his role as co-founder of peer-to-peer lending business turned digital bank Zopa that he is most well known for.

Andrews founded Zopa in 2004 as the firm’s chief financial officer before becoming CEO in 2007 and chair in 2015. He is now a member of the fintech unicorn’s board, having served in that role since 2019.

Read more here


Monzo and Starling top latest CMA customer satisfaction survey

Market research has revealed that challenger banks Starling and Monzo are the UK banks most likely to be recommended by their customers.

The results are from an independent survey carried out between July 2021 and June 2022 by market research firm Ipsos as part of a regulatory requirement and the results have been published at the behest of the Competition and Markets Authority (CMA).

At joint first for overall service quality, with 81% of customers likely to recommend them, Starling and Monzo beat out high street banks including Santander, NatWest and Lloyds.

The CMA says the survey promotes competition, “resulting in better experiences for all account holders”.

Read more here


Australian crypto exchange Swyftx cuts 21% of workforce

Swyftx

Swyftx sheds a fifth of its workforce

Aussie crypto exchange Swyftx is set to lay off 74 employees – 21% of its workforce – as the firm looks to reduce the size of its business as it grapples with increasingly tough global economic conditions.

In a company-wide memo, co-CEOs Alex Harper and Ryan Parson cite an “uncertain business environment” of high inflation, rising interest rates, “highly volatile markets across all asset classes” and a looming global recession as reasons behind the decision.

“We started growing our team in a very different world and it’s now prudent to make sure our cost base is compatible with this extended period of economic uncertainty,” Harper and Ryan say.

Read more here


Credit: Source link

ShareTweetSendPinShare
Previous Post

Will Shiba Inu Beat Bitcoin in the Number of Twitter Followers?

Next Post

Ethereum (ETH) Dips Consecutively And Falls Below $1,800

Related Posts

Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing – Coinpedia Fintech News

Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing – Coinpedia Fintech News

September 22, 2023

Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing  Coinpedia Fintech News Credit: Source link

JPEX scam highlights need to tighten regulation and speed up investor education – South China Morning Post

JPEX scam highlights need to tighten regulation and speed up investor education – South China Morning Post

September 22, 2023

JPEX scam highlights need to tighten regulation and speed up investor education  South China Morning Post Credit: Source link

Crypto regulation intensifies in US following FTX collapse By … – Investing.com UK

Crypto regulation intensifies in US following FTX collapse By … – Investing.com UK

September 22, 2023

Crypto regulation intensifies in US following FTX collapse By ...  Investing.com UK Credit: Source link

Opinion | Don't Throw the Blockchain Out With the Bathwater – The Wall Street Journal

Opinion | Don't Throw the Blockchain Out With the Bathwater – The Wall Street Journal

September 21, 2023

Opinion | Don't Throw the Blockchain Out With the Bathwater  The Wall Street Journal Credit: Source link

OpenAI draws scrutiny from Polish authorities over alleged violations of EU General Data Protection Regulation

OpenAI draws scrutiny from Polish authorities over alleged violations of EU General Data Protection Regulation

September 21, 2023

Regulators in Poland have opened a case against OpenAI, according to an official announcement published on Sept. 20. Poland’s Personal...

Load More
Next Post
Ethereum (ETH) Dips Consecutively And Falls Below $1,800

Ethereum (ETH) Dips Consecutively And Falls Below $1,800

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

BitBoy removes host Ben Armstrong amid meme coin controversy – reports

BitBoy removes host Ben Armstrong amid meme coin controversy – reports

August 28, 2023
IBF collaborates with Crypto Legal to propose regulations around asset tokenisation – The Financial Express

IBF collaborates with Crypto Legal to propose regulations around asset tokenisation – The Financial Express

September 21, 2023
Polygon MATIC Launches Solution Provider Network (SPN) for Seamless Developer Collaboration

Polygon MATIC Launches Solution Provider Network (SPN) for Seamless Developer Collaboration

September 9, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Bitmain Commits $54 Million Investment in Core Scientific, Inc. Amid New Supply Contract
  • Bitmain Invests $53.9m in Core Scientific for New Bitcoin Mining Machines!
  • Gary Gensler’s Crypto Regulation: A Closer Look Ahead of the September 27th Hearing – Coinpedia Fintech News

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,656.00-1.38%
  • ethereumEthereum(ETH)$1,593.20-1.60%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$211.14-1.21%
  • rippleXRP(XRP)$0.51-0.54%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$1,593.40-1.71%
  • dogecoinDogecoin(DOGE)$0.061631-1.60%
  • cardanoCardano(ADA)$0.245725-1.46%
  • solanaSolana(SOL)$19.65-0.83%
  • ToncoinToncoin(TON)$2.330.64%
  • tronTRON(TRX)$0.083483-0.90%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.02-2.17%
  • matic-networkPolygon(MATIC)$0.52-2.76%
  • litecoinLitecoin(LTC)$64.690.69%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,605.00-1.47%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.70%
  • bitcoin-cashBitcoin Cash(BCH)$208.04-2.61%
  • daiDai(DAI)$1.000.00%
  • chainlinkChainlink(LINK)$6.69-1.82%
  • leo-tokenLEO Token(LEO)$3.840.26%
  • true-usdTrueUSD(TUSD)$1.00-0.12%
  • uniswapUniswap(UNI)$4.24-1.88%
  • stellarStellar(XLM)$0.114811-0.12%
  • avalanche-2Avalanche(AVAX)$8.88-1.22%
  • moneroMonero(XMR)$146.43-1.02%
  • okbOKB(OKB)$42.99-1.37%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • binance-usdBinance USD(BUSD)$1.000.02%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.28-0.98%
  • cosmosCosmos Hub(ATOM)$7.12-2.78%
  • hedera-hashgraphHedera(HBAR)$0.050143-1.35%
  • filecoinFilecoin(FIL)$3.21-2.90%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • crypto-com-chainCronos(CRO)$0.050171-1.98%
  • lido-daoLido DAO(LDO)$1.48-4.80%
  • quant-networkQuant(QNT)$89.840.09%
  • internet-computerInternet Computer(ICP)$2.92-2.20%
  • MantleMantle(MNT)$0.395186-1.66%
  • vechainVeChain(VET)$0.017083-2.93%
  • AptosAptos(APT)$5.14-0.31%
  • makerMaker(MKR)$1,294.63-4.25%
  • ArbitrumArbitrum(ARB)$0.83-0.46%
  • nearNEAR Protocol(NEAR)$1.12-0.87%
  • optimismOptimism(OP)$1.30-3.48%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.044845-10.49%