economy
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When It’s Time to Ban Crypto, According to the IMF
The world needs a new crypto crackdown, or else there’s the nuclear option — at least according to one of the world’s biggest financial bodies. Kristalina Georgieva, the Managing Director of the International Monetary Fund, shared the inter-country agency has suggested that countries should consider outright bans of crypto if they can’t agree to any…
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A Quarter of Prominent New Cryptocurrency Tokens Appear to Be Scams, Researchers Find
If you were seeking any more reasons to be sceptical of the crypto market, here you go: Nearly a quarter of new coins minted on the blockchain that attained any value in 2022 fit the on-chain characteristics of a pump-and-dump scheme, according to a report chapter from blockchain tracking and analysis group, Chainalysis, released Thursday.
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Binance Plans to ‘Move Away’ From Its Stablecoin After Regulators Slam BUSD Issuer
Binance’s prime stablecoin Binance USD is on the outs after regulators at both the state and federal level took aim at the company that was issuing one of the most popular stablecoins on the market.
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Zoom Cuts 1,300 ‘Zoomies’ After Pandemic Growth Spurt
Silicon Valley layoffs have become commonplace in the last several months as one after another announced they were letting staff go. This time, the latest round of layoffs will affect Zoom employees, as CEO Eric Yuan cited an unpredictable economy and the possibility of a recession.