When the MiCA Act takes effect in 2024, cryptocurrency exchanges will benefit from uniform rules and regulations for the sector throughout Europe. According to Eric Anziani, president of Crypto.com, the Markets in Crypto-Assets (MiCA) law may accelerate the attempts of major cryptocurrency exchanges to expand throughout Europe. Speaking confidentially, Anziani emphasised how it has become
According to DeFiLlama statistics, Pendle, a decentralised finance (DeFi) platform that provides dividends in the form of transferable digital tokens, has $990 million in total value locked (TVL). By dividing DeFi investments into principal tokens (PTs) and yield tokens (YTs), Pendle functions as a price discovery tool. This enables investors to speculate on and lock
Following the approval of spot bitcoin exchange-traded funds (ETFs) in the United States last month, Bitcoin (BTC) mining companies seem to have bottomed out. Broker Bernstein advises buying its preferred stocks in the industry ahead of the next reward halving, the company said in a research report on Thursday. According to Bernstein, the biggest cryptocurrency
The dentistry industry has been impacted by the technology revolution, as have other businesses. Blockchain technology stands out among the cutting-edge solutions being presented because of its capacity for transformation. The dentistry business can benefit greatly from this decentralised, secure data recording system. Blockchain Technology in the Dental Practice 1.Keeping Up With Electronic Health Records:
The establishment of the AI Safety Institute Consortium (AISIC), which has a long list of members from every sector of the tech industry, was announced by the US Department of Commerce on February 8.The consortium seeks to “unite AI creators and users, academics, government and industry researchers, and civil society organizations” in order to promote an atmosphere that produces artificial intelligence (AI) that is reliable and safe, according to Secretary of Commerce Gina Raimondo. “The U.S. government has a significant role to play in setting the standards and developing the tools we need to mitigate the risks and harness the immense potential of AI. President Biden directed us to pull every lever to accomplish two key goals: set safety standards and protect our innovation ecosystem.” AISIC will be in charge of creating policies related to risk management, watermarking synthetic content, red-teaming, assessing AI capabilities, safety and security, and other areas. The last is particularly important. The largest names in the business, including Microsoft, Google, Apple, OpenAI, Anthropic, Adobe, Nvidia, GitHub, the Frontier Model Forum, Hewlett Packard Enterprise, IMB, and many more, make up the consortium’s more than 200 members.The official statement states that this is “the largest collection of test and evaluation teams established to date” that includes non-profits, state and local governments, and groups from “like-minded nations” that will collaborate on industry standards. This comes after President Biden’s executive order on AI safety, which was issued in late October 2023, founded the United States’ AI Safety Institute (USAISI).According to Raimondo, Biden’s executive order will “ensure” that the United States continues to lead the world in the creation and application of ethical and safe artificial intelligence.Keeping up with AI, according to White House Deputy Chief of Staff Bruce Reed, entails
The website, white paper, and other protocol information have been made public for M^0, or “M Zero,” a protocol that enables international institutions to issue stablecoins backed by fungible T-bills.Last year, the team—which includes formidable stablecoin pioneers from MakerDAO and Circle—came out of stealth thanks to a sizable $22.5 million seed investment headed by Pantera Capital.With the present tokenization trend, everyone from start-ups to Wall Street banks is building blockchain-based Treasuries and other unique products, such yield-bearing stablecoins. However, according to M^0 Labs CEO Luca Prosperi, these companies are just producing an increasing amount of their goods that are sent on-chain. Prosperi feels that a centralized entity shouldn’t mint stablecoins or keep fractionalizing liquidity.As a result, M^0 adopts some of the original concepts from MakerDAO, a community hub led by Prosperi, but institutionalizes that vision. “We’re trying to recreate networks, with rules and smart contracts for people to interact and produce digital assets,” Prosperi said in an interview. “Think about the protocol as a governor of the Eurodollar system; so, a set of rules that can allow a new generation of offshore dollar players to come and interact.
The website, white paper, and other protocol information have been made public for M^0, or “M Zero,” a protocol that enables international institutions to issue stablecoins backed by fungible T-bills.Last year, the team—which includes formidable stablecoin pioneers from MakerDAO and Circle—came out of stealth thanks to a sizable $22.5 million seed investment headed by Pantera Capital.With the present tokenization trend, everyone from start-ups to Wall Street banks is building blockchain-based Treasuries and other unique products, such yield-bearing stablecoins. However, according to M^0 Labs CEO Luca Prosperi, these companies are just producing an increasing amount of their goods that are sent on-chain. Prosperi feels that a centralized entity shouldn’t mint stablecoins or keep fractionalizing liquidity.As a result, M^0 adopts some of the original concepts from MakerDAO, a community hub led by Prosperi, but institutionalizes that vision. “We’re trying to recreate networks, with rules and smart contracts for people to interact and produce digital assets,” Prosperi said in an interview. “Think about the protocol as a governor of the Eurodollar system; so, a set of rules that can allow a new generation of offshore dollar players to come and interact.
Do Kwon, one of the co-founders of Terraform Labs, has prevailed in a retrial of the Montenegro High Court’s ruling to maintain the extradition demands of the United States and South Korea. In an effort to reverse the High Court’s ruling in support of the extradition demands, Kwon first prevailed in an appeal in November.
According to JPMorgan (JPM) in a research paper released on Wednesday, there is evidence that the Blackrock (BLK) and Fidelity spot bitcoin (BTC) exchange-traded funds (ETFs) currently have an advantage over Grayscale when it comes to specific liquidity indicators connected to market breadth. According to the report, Grayscale’s GBTC fund is expected to lose out
According to a statement released on Thursday, Akarlap Yimwilai, the former CEO of Zipmex Thailand, was charged by Thailand’s Securities and Exchange Commission (SEC) of corruption and dishonesty. Before a notice of the terms and conditions revisions was issued, the SEC discovered that user funds stored in the cryptocurrency exchange’s Z Wallet had been moved
According to a filing, the U.S. Securities and Exchange Commission (SEC) postponed making a decision on a spot ether (ETH) exchange-traded fund (ETF) that Invesco and Galaxy Digital jointly proposed on Tuesday. Professional investors would be able to directly invest in spot ether using the proposed offering. For regulated U.S. investors and funds, ether futures
The London-based company B2C2, a liquidity provider, received regulatory licence in Luxembourg to operate as a virtual asset service provider (VASP) in order to increase its market share inside the European Union. With approval, B2C2 can provide institutional clients with over-the-counter (OTC) spot cryptocurrency services. It is now officially listed as the 12th VASP on
South Korea’s finance authority said on Wednesday that anyone who commit cryptocurrency crimes might be sentenced to life in jail when new consumer protection laws go into force in July. The Virtual Asset User Protection Act is a consumer protection framework that was introduced in December by the Financial Services Commission (FSC). Market manipulation, unlawful
Developer Consensys of MetaMask, a self-custodial cryptocurrency wallet, announced in a news release on Tuesday that users can now purchase cryptocurrencies using the well-known online trading platform Robinhood.Through the integration, holders of Robinhood accounts can fund and move their cryptocurrency holdings to their MetaMask wallets, while MetaMask users can buy digital assets utilizing Robinhood’s order flow. The offering is a result of MetaMask integrating the trading platform’s fiat-crypto on-ramp called Robinhood Connect as a service provider in its “Buy Crypto” feature. An essential piece of infrastructure, on-ramps act as a link between the blockchain-based crypto economy and the conventional financial system.As a result, it’s crucial for integrating users with web3 applications.In April, Robinhood launched its own on-ramp functionality, allowing users to fund their cryptocurrency wallets inside of a decentralized app. “We know that crypto and internet users want greater control and ownership,” Lorenzo Santos, senior product manager at Consensys, said in the press release. “This will help more
Project for Tokenized Trading A blockchain-backed carbon credit market has been established by Neutral and DLT Finance, a German brokerage company. Carbon credits are financial instruments that corporations may use to offset their carbon impact; they represent forests and renewable energy sources.It is not the first effort to wager that blockchain technology can boost the multibillion-dollar carbon credit market—that is, the tokenized real-world asset (RWA) project.It is the first, nevertheless, to have obtained regulatory authority to run the exchange, notably from Germany’s financial regulator BaFin. “We didn’t see anyone building the market infrastructure that would allow for traditional traders to interact with these assets,” Neutral CEO Farouq Ghandour said in an interview. He said his company is the “tech provider,” and DLT Finance provides “the regulatory backbone.” The product takes the blockchain out of the hands-on experience for the user.It may be inferred that the ten commodity trading houses and brokers that Ghandour mentioned will not be required to consider tokenizing or decentralizing anything, nor will they require a MetaMask wallet. Rather than being like any other closed platform for commodities swaps, the exchange would focus on providing considerably better liquidity for large-scale deals than what is often found on decentralized exchanges (DEX), according to Ghandour. “There’s a lot of reluctance to work with DEXs,”
On Tuesday, there was a five-hour downtime on Solana, the low-latency blockchain that has witnessed a tremendous increase in activity in recent months.As long as the issue persisted, Solana’s SOL token fell from roughly $96 before it started to less than $94 now.More than the 1% decline in the CoinDesk 20 Index, which serves as a benchmark for the biggest cryptocurrencies, it was down 2.5% as of late. According to blockchain statistics, transaction processing started up again approximately 15:00 UTC.According to statistics, they had halted at 09:52 UTC.After the Solana network went down for about two days in April 2023, the halt occurred over a year later. “Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” Laine, a Solana validator, said in an X post when the problem was still going on. Core engineers said they identified a fix and were building a new version for validators to upgrade, network
Decentralised and secure transactions have become possible because to the development of blockchain technology. Transactions can be securely and transparently recorded using the distributed ledger technology known as blockchain. Due to the safe data and transaction management it offers, its application is quickly growing across industries, including healthcare and banking. Once a transaction is recorded
According to a Tuesday report by Yonhap News, three executives of the yield platform Haru Invest have been arrested by South Korean authorities for allegedly stealing cryptocurrency valued at 1.1 trillion won ($828 million) from over 16,000 users. According to reports, the Joint Investigation Team of Virtual Asset Crimes of the Seoul Southern District Prosecutors’
At the request of the U.S. Securities and Exchange Commission (SEC), a New York judge has ordered Ripple Labs to provide specific financial accounts and details on the institutional sale of XRP tokens, according to court documents from Monday. The early January request from the SEC comes after a significant ruling in the legal case
A provincial supreme court judge found that B.C. Hydro, the province’s power company, was justified in placing a moratorium on cryptocurrency mining operations. The decision was published online on Monday. A forestry company called Conifex Timber, which had ventured into cryptocurrency mining, was contesting the embargo. Conifex and the native Tsay Keh Dene Nation were
All industries are being revolutionised by blockchain technology, and the healthcare sector is no different. Data breaches, ineffective procedures, and a lack of transparency have long been problems in this industry. These issues can be resolved in a safe, effective, and economical way with the use of blockchain technology. Blockchain Applications in the Healthcare Field
Offering its yield-bearing USYC token through Copper, the cryptocurrency custody firm chaired by former UK Chancellor Philip Hammond, is Hashnote, a decentralized finance (DeFi) startup catering to compliance-conscious institutions. With Chicago-based trading firm Cumberland as a market maker, Hashnote is the first cryptocurrency startup to come out of Web3 incubator Cumberland Labs.Hashnote’s USYC is now available to the 300+ major institutions and cryptocurrency trading platforms that the custody service serves thanks to an interface with Copper. As the movement toward institution-friendly tokenization in the cryptocurrency space picks up steam, blockchain-based renditions of US Treasury bonds as well as products like yield-bearing tokens and stablecoins have gained popularity.But according to Hashnote CEO Leo Mizuhara, not every tokenized Treasury-type offering on the market is made equal. “People are treating these on-chain treasuries as if they were as safe as something you’d see in normal finance, like a money market account,” Mizuhara said in an interview. “But different structures matter a lot; it’s not the same as being in a money market fund when you are in an SPV
Through a partnership with GoDaddy, the Ethereum Name Service (ENS), a domain name system built on top of Ethereum, will enable users to link internet domains to their ENS addresses at no cost.During the weak market, mainstream corporations’ adoption of Web3 decreased; however, the agreement between ENS and GoDaddy, the biggest internet domain registration, may indicate that interest in integrating blockchain technology with conventional platforms has resumed. “Beyonce owns Beyonce.xyz, and now she can set up a wallet just by going into the GoDaddy page and entering your address,” Nick Johnson, the founder of ENS, told CoinDesk as an example. “Now Beyonce.xyz is her wallet identifier for all intents and purposes.” Eventually, the goal will be to integrate more chains beyond
In a Series A fundraising round, the mobile payments service Oobit raised $25 million, the business announced on Monday.The Titan Fund of CMCC Global, 468 Capital, Solana co-founder Anatoly Yakovenko, and Tether’s investment division led the financing.A representative for the Singapore-based business declined to disclose the amount the investment was worth. While businesses get fiat money, customers can use the Oobit app to pay using cryptocurrency.With the ability to pay with funds from their Oobit wallet at any point of sale that takes Visa (V) or MasterCard (MA), the tap-and-pay feature helps make cryptocurrency payments more widely available.According to the company, it intends to enable third-party wallets, turning Oobit into a non-custodial cryptocurrency payments platform. “With the backing of industry leaders, this funding round marks a pivotal moment for Oobit, propelling us forward in our mission to allow a simple way to pay with digital assets anywhere.” Amram Adar, Oobit’s co-founder and CEO, said in a statement. “We have several partnerships in the pipeline that will be announced
In a motion submitted on recently, bankrupt cryptocurrency lender Genesis requested permission from a U.S. judge to sell more than $1.6 billion in bitcoin (BTC), ether (ETH), and ethereum classic (ETC) that were stored in trust products offered by Grayscale. The market may witness strong selling pressure on bitcoin if the motion is adopted. FTX,
Tax measures that would allow financial institutions to collect taxes on behalf of the government have been unveiled by Spain’s Ministry of Finance. In order to be able to seize digital assets in order to pay off tax bills, the Spanish Ministry of Finance is seeking to increase the scope of its oversight over cryptocurrency
The head of South Korea’s Financial Supervisory Service (FSS), Lee Bok-hyun, stated that he intends to continue discussions with the Securities and Exchange Commission (SEC), with a particular focus on spot bitcoin exchange-traded funds (ETFs), as reported by Hankyung on Monday. “I met with SEC Chairman Gary Gensler (this year) and there are areas where
February 4, Beijing (Reuters) – The U.S. Embassy in Beijing’s social media account is an unusual venue for many Chinese to vent their annoyance at the faltering economy and the stock market. On Weibo, a Chinese social media site akin to X, a post made by the US embassy on Friday on safeguarding wild giraffes
Film and animation industries would lose more jobs as a result of generative artificial intelligence (Gen AI) than other industries, predicts consulting firm CVL Economics. According to a January 2024 report by the firm, 75% of survey respondents indicated that Gen AI tools, software, and models had supported the elimination, reduction, or consolidation of jobs
The insolvent cryptocurrency lending company’s creditors emphasised the urgency of receiving quick approval to sell the shares before any future market swings. Genesis, a bankrupt cryptocurrency lending company, has asked the US Bankruptcy Court for authorization to sell its about $1.6 billion worth of shares in the Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE),
