World Federation of Exchanges Asks IOSCO to Tackle Conflict of Interest in CeFi
The World Federation of Exchanges (WFE) has approached the International Organization of Securities Commissions (IOSCO) with a recommendation to tackle the conflict of interest arising from centralized finance (CeFi) firms, including crypto exchanges engaged in multiple businesses. This move coincides with IOSCO's plans to finalize its global crypto industry regulation recommendations by Q4 this year.
Story by Solomon Oladipupo for Finance Magnates
MicroStrategy returns to profit and now owns $4.4B worth of Bitcoin
MicroStrategy reported a remarkable financial turnaround in Q2, posting $22.2 million in net income compared to the prior-year's net loss of $1.1 billion. While total revenues remained steady at $120.4 million, the company now owns a substantial $4.4 billion worth of Bitcoin. Story covered by Felix NG for CoinTelegraph.
Exclusive: Non-profit Glo launches stablecoin leveraging yields to alleviate extreme poverty
Nonprofit organization Glo has introduced "Glo Dollar," a regulated stablecoin aimed at lifting millions out of extreme poverty. By leveraging cryptocurrency yields and traditional finance, Glo intends to make a significant impact on global poverty. CryptoSlate's interview with Jasper Driessens, Co-Founder of Glo, reveals further insights into the project's goals.
Story by Liam 'Akiba' Wright.
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