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Sanaa Sharma

Articles by Sanaa Sharma

Revolut Launches Business Offering in Australia, Seeking Banking License

May 18, 2023

Revolut believes that license would help to ensure higher consumer confidence.

Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to safeguard a banking license.
The London-based company provides a wide range of fiat payment services for customers in Europe and Australia. It also rolls out crypto services like purchasing and selling a specific number of crypto assets that also include Bitcoin.

In some particular regions, it also offers access to crypto-staking. In conversation with the CEO of Revolut’s Australian unit Matt Baxby, it was said that the company’s ultimate target is to offer an application or a medium where people can supervise and envision all their financial

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Coinbase to Expand to Singapore as US SEC Denies Answerability

May 17, 2023

The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore.

Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity.
The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how securities laws applied to cryptocurrency.

Last month, Coinbase filed a lawsuit against SEC asserting that the agency was neither quick nor logical in offering a response to its petition. Moreover, the exchange is looking for an official notice-and-comment procedure that would enable the public to

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NBCU’s Linda Yaccarino Allegedly in Talks to Become Next Twitter CEO

May 12, 2023

Yaccarino, over the recent months, has assisted Twitter in re-establishing its repertoire with advertising agencies.

According to Wall Street Journal report, NBCU’s Head of Advertising Linda Yaccarino is all set to become the next Chief Executive Officer of Twitter. The news comes hours after Elon Musk’s announcement via Twitter that he has appointed a new CEO.
Yaccarino, who devoted a major part of her life and career to WarnerMedia’s TV operations before joining NBCUniversal ten years ago, oversees the Comcast-owned firm’s ad-sales operations around the world.

In an article written on Yaccarino ten years ago, she was coined as the woman who wouldn’t do with ‘small steps’. Known for her strong negotiating skills, Liz Janeman, the then executive veep of advertising sales at Cabler

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Digital Asset to Start Global Blockchain Network with Goldman Sachs, Deloitte, BNP and Others

May 9, 2023

The network combines applications designed with Daml, Digital Asset’s smart contract language.

Digital Asset, which is a financial technology firm, plans to introduce a global privacy-enabled interoperable blockchain network curated to offer a decentralized infrastructure for institutional clients, the announcement for which was made on Tuesday. Participants of the network, which is also called the Canton Network, include companies like BNP Paribas, Deloitte, Cboe Global Markets, Goldman Sachs, Broadridge, S&P Global, and Microsoft among others.
According to Chris Zuehlke, partner at DRW and global head of Cumberland, the Canton Network is a strong key to the industry’s quest for a solution that harbors the potential of blockchain while retaining the most primitive privacy

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Ripple to Expand to Dubai, Says CEO Brad Garlinghouse

May 8, 2023

Ripple is opening an office in the heart of Dubai International Financial Centre (DIFC) and acquiring Swell Global 2023.

Ripple, one of the most popular cryptocurrency firms, has announced its expansion in other countries. The company is all set to expand to Dubai, according to Chief Executive Officer Brad Garlinghouse.
Garlinghouse also disclosed the development at the Dubai Fintech Summit that is happening today and talked passionately about the customer base in the Middle East. According to him, the regulatory operations have made the country a good choice for setting up offices. Most importantly, he said that Dubai is rising to become the new international financial center for crypto innovation.

In the United States, things have not been very friendly for the popular crypto

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Head of South African Firm Slapped with $3.4B Fine for Bitcoin Fraud in US

April 28, 2023

The CFTC claimed that the firm had proprietary software that was expected to recognize significant trading gains for investors who contributed to the Bitcoin pool, but in reality, there was no such “bot” in use.

The head of a South African firm has been slapped with a massive fine of $3.4 billion by a federal judge in Texas. The US commodities regulator claimed that this was the largest-ever fraud case revolving around Bitcoin ever to be committed by a company.
The head, who goes by the name Cornelius Johannes Steynberg, was asked to pay $1.7 billion as a civil penalty, a record for any Commodity Futures Trading Commission case, according to the regulator. Steynberg, whose last known place of residing was in South Africa, hasn’t been responsive to the media.

Details of This Bitcoin

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Coinbase CEO Brian Armstrong Backs NFT ‘Stand with Crypto’ Campaign

April 25, 2023

Coinbase emphasized that all proceedings related to Stand with Crypto NFT collection launched through ZORA will be donated to vetted organizations.

The biggest cryptocurrency exchange in the United States Coinbase has recently filed a lawsuit against top financial regulators Securities and Exchange Commission (SEC). The move comes after months of embittered relations between the two parties over SEC’s stringent regulatory policies for all companies dealing with crypto. As the crypto exchange chooses the legal path to get regulatory clarity, Coinbase CEO Brian Armstrong minted an NFT recently and asked the community to “Stand with Crypto”.
Coinbase’s CEO tweeted recently about minting a Non-Fungible Token and asking everyone to stand together in unity among the crypto community to seek

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Gemini to Open Engineering Hub in India, Recruit Tech Talent

April 21, 2023

Gemini is the latest American crypto firm that is making a move offshore after a crackdown on the crypto space.

United States-based cryptocurrency exchange Gemini has revealed its plans to tap into India’s pool of tech talent with the foundation of a new engineering hub in the country. In a statement by Gemini’s international chief technology officer, Pravjit Tiwana declared that the exchange is presently in the middle of launching an engineering center in Gurgaon, India. It also claimed that this would be the exchange’s second-largest engineering hub, besides the one in the United States.
Tiwana will be supervising the entire project and has been appointed as the Chief Executive Officer of Gemini Asia Pacific along with his parallel role as the Global Chief Technology Officer.

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Coinbase to Open Derivatives Exchange in Bermuda Next Week

April 20, 2023

Coinbase received its license to operate in Bermuda on April 19th. The action was taken to keep up with the company’s campaign for “global scale to go broad and deep”.

Coinbase plans to launch a coastal derivatives exchange in the next week, after it acquired a license to function in Bermuda from the Bermuda Monetary Authority. Coinbase applauded Bermuda as an excessively reputed and professional financial regulator in its announcement.
Coinbase had long been looking to inaugurate an offshore medium to trade perpetual swaps tied to crypto tokens, according to The Block. The proliferation of the idea can manifest as soon as the next week. In a blog post recently, Coinbase emphasized that Bermuda was one of the first financial hubs to legally allow comprehensive virtual assets regulation

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Starbucks Web3 Platform Odyssey to Launch New NFTs

April 18, 2023

Starbucks mailed to Odyssey beta testers with the subject line “We’re Getting Closer” suggesting that a public rollout will happen soon.

Following its NFT drop that sold out in a matter of minutes, Starbucks is now all set to inaugurate another collection this week and claims that a public launch for its Odyssey Web3 rewards programs is being awaited.
On Wednesday, April 19th, Starbucks will introduce its First Store Collection which consists of more than 50,000 NFT stamp collectibles minted on the Ethereum scaling network Polygon. The NFTs are also priced at $100 apiece, like the initial drop that rolled out only 2000 NFTs.

Every new NFT is expressed as a multimedia collage of pictures, in-store textures, and significant icons, drawing inspiration from the company’s first store in

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SEC to Organize Investor Education Events to Create Financial Literacy

April 4, 2023

US government agencies have been actively encouraging similar ideas associated with financial literacy since 2003 when April was formally appointed the National Financial Capability Month.

The United States Securities and Exchange Commission (SEC) has revealed a series of education events focussing on underrepresented communities and others- but indicated that competitors should be educated to practice caution while using crypto.
In an April 3rd announcement, the SEC disclosed that it would talk to communities including high school students, members of the military, investors along with native Americans to publicize financial literacy. According to the announcement, the education can be on something as useful as “how to avoid becoming a victim of fraud” using cryptocurrencies. The SEC

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ChatGPT Can Now Acces Internet with New Plugins Offered by OpenAI

March 24, 2023

ChatGPT leverages the Bing API to look for data with the text-based internet browser to guide through websites and results.

One of the most famous Artificial Intelligence-powered chatbots ChatGPT has been updated with a new feature that allows it to access information from online sources and communicate with third-party websites through new plugins.
The plugin feature is presently restrained in the alpha phase and will be offered to a smaller group of users before introducing to the larger public. Users can register themselves on the waitlist to avail of the new feature on ChatGPT Plus, OpenAI announced on March 23rd.

Previously, there were only eleven plugins offered. These plugins spanned over various ranges and allowed customers to verify the score of a live sporting event and

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Nigerians Massively Adopt CBDC as Physical Cash Becomes Scarce

March 22, 2023

While the Nigerian legislative body is optimistic about the country’s adoption of eNaira, there is still significant work to be done to enhance the digital infrastructure for financial practices in the country.

Nigeria is witnessing an increasing adoption of its Central Bank Digital Currency (CBDC) as the country’s fiat money scarcity intensifies. Almost eighteen months after the introduction of its in-house digital token eNaira, Nigerians have begun the mass adoption of the CBDC as uncertainty over its traditional currency rises. The acute cash deficiency is a consequence of the central bank’s decision to substitute older banknotes with bigger denominations amid rising inflation.
Even though developing nations like Nigeria were the reason why CBDC was touted to be an important virtual

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Crypto Payment SpankPay Shut Down Citing Hostile Banking Environment

March 21, 2023

SpankChain is an Ethereum-based blockchain targeted at helping adult content creators remove third-party intermediaries like conventional banks, which have had a notorious history of conflict with the adult industry.

Ethereum-based adult entertainment platform SpankChain is closing its crypto payment processor SpankPay, losing its payment service provider Wyre, in February while being unable to find a new provider.
In February, SpankPay disclosed that its former provider had ended its agreement to offer crypto payment services to SpankPay, citing “violations of any third-party payment processor or network mandates”.

SpankPay claimed that this was a “targeted shutdown” by Wyre as their new payment processor wouldn’t perform with the adult enterprise. The firm mentioned problems in

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Hong Kong to Become New Crypto Hub

March 20, 2023

The special administrative unit in Hong Kong is also contemplating a way to introduce a compulsory licensing regime for stablecoin issuers as early as this year. 

Kaiko, a French crypto market data provider, will shift its headquarters from Singapore to Hong Kong for greener pastures in the upcoming center for Web3 companies.
In an interview with Kaiko’s Chief Executive Officer Ambre Soubiran, it was disclosed that the company will be moving forward with the decision amid the city’s regulatory changes towards virtual tokens.

Soubiran revealed that the latest developments and undertakings from Hong Kong regulators towards virtual assets will entice hedge funds and asset managers along with their capital to the city.
Kaiko’s Head of Asia-Pacific Sean Lawrence will transfer from

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El Salvador Offers New Bitcoin, Lightning Dev Courses

March 17, 2023

Students who finish the course will be given several options for continuing the Bitcoin journey, including the variant to start a full-time job at a renowned Bitcoin firm.

El Salvador has come up with a new crypto initiative for its citizens. The Bitcoin Officer has announced a new six-month educational program called “CUBO+” that strives to churn out elite-level Bitcoin and Lightning developers via the Salvadoran university system. According to the announcement, the dev Bitcoin courses will commence in May and will comprise a comparatively small group of students, who are under 25 and who were selected from the best universities in El Salvador.
The first batch will be invited from the University of Don Bosco. They will be participating in the inaugural Plan B Fellowship, sponsored by

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Stripe Valued at $50 Billion after $6.5 Billion Raise

March 16, 2023

Stripe has retained its entity as a privately owned enterprise over the past ten years, despite persistent speculations about an IPO.

Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the firm announced, with a steep discount from its record valuation of $95 billion in 2021.
According to the press release, the company doesn’t require money for expanding its business. The cash collection, with participation from Andreessen Horowitz, Founders Funds, Goldman Sachs, and Temasek will actually participate in offering liquidity to the present and previous employees along with tax obligations related to the equity awards.

Stripe, which enjoyed the eighth position on CNBC’s Disruptor 50 list has presently cut down its valuation by half from its pinnacle two years ago.

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