IMF says banning crypto assets may not be effective long-term

    theblock 2023-06-26 31181 views Trending
    Banning crypto assets in a country may not be the most effective approach to managing risk over the long run, according to the International Monetary Fund. The IMF’s latest stance contrasts a statement in February in which some of its directors said that “outright bans should not be ruled out.”

    IMF Urges Alternative Measures Instead of Crypto Ban

    coinwire 2023-06-26 77886 views Trending
    ​The position of the International Monetary Fund (IMF) on the prohibition of cryptocurrencies has changed. They allegedly made the claim that such a strategy might not be able to adequately mitigate related risks and might also prevent countries from receiving the rewards.

    Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low

    cointelegraph 2023-06-25 52352 views Trending
    Ether price eyes $3K as exchanges’ ETH balances drop to an all-time low.Ethereum’s on-chain movements indicate bullish pressure building around Ether as its exchange balances reached an all-time low and staking deposits keep surging.

    Ethereum developers consider raising max validator limit from 32 to 2,048 ETH

    theblock 2023-06-24 42097 views Trending
    Ethereum core developers are considering raising the maximum validator balance from 32 ETH to 2,048 ETH per validator. The proposal was discussed during the most recent Ethereum core developer consensus meeting.

    JPMorgan bank deploys JPM Coin for euro-denominated payments

    cointelegraph 2023-06-24 54676 views Trending
    German conglomerate Siemens was reportedly the first company to process euro-denominated payments using JPM Coin.The United States-based investment bank JPMorgan is expanding the implementation of one of its major blockchain projects into traditional banking.

    Deutsche Bank Aims to Enter Crypto Market with Crypto Custody Service

    coinwire 2023-06-23 71283 views Trending
    Deutsche Bank, Germany’s largest commercial bank, has recently taken a significant step towards embracing the rapidly expanding crypto market. The banking giant has submitted an application to the Federal Financial Supervisory Authority (BaFin) to offer a crypto custody service, catering primarily to institutional clients such as asset managers, fund managers, investment funds, and companies.

    Upstart crypto exchanges look to capitalize on current exchange woes

    theblock 2023-06-23 35555 views Trending
    ​Crypto exchanges in the U.S. have been put on notice since the spectacular collapse of FTX and the Securities and Exchange Commission (SEC) recent enforcement actions against two of the biggest industry players, Binance and Coinbase.

    Biden to discuss dangers of AI in San Francisco meeting with experts

    cointelegraph 2023-06-21 71530 views Trending
    The U.S. president will meet with AI experts to discuss safety, policy and opportunities while he’s in San Francisco.

    Social capital: A revolution in measuring community power on social media

    cointelegraph 2023-06-21 48279 views Trending
    A comprehensive analysis of how community engagement and trust shape the landscape of social media influence.As social media platforms continue to dominate people’s daily lives, the power of influencers and their ability to sway public opinion has become a highly valuable asset.

    Hong Kong wants HSBC, Standard Chartered to accept digital asset clients

    coingeek 2023-06-20 58989 views Trending
    ​Hong Kong wants to become the global digital asset hub, and it’s sparing no effort in its push. A new report reveals that the city-state’s banking regulator has been pushing the three largest banks to take on digital asset clients.

    Web3 usernames may see greater adoption due to recent advancements

    cointelegraph 2023-06-20 51601 views Trending
    Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum (ETH) users can now send crypto to the network’s founder, Vitalik Buterin, at his username of vitalik.eth without knowing that his address is 0xd8da6bf26964af9d7eed9e03e53415d37aa96045.

    Hong Kong wants public’s input on stablecoin regulation

    coingeek 2023-06-19 49570 views Trending
    Amid a global lack of direction for regulating stablecoins, Hong Kong is leading the charge for a tighter legal framework for the asset class.Local news outlet The Standard reported that the Hong Kong Monetary Authority (HKMA) has launched a public consultation to explore new possibilities for stablecoin regulation in the region. The consultation process is expected to draw opinion from academia, digital currency operators, and the general public till Q3 of 2023.

    ​SEC and Binance.​​US strike a temporary agreement on asset access

    cointelegraph 2023-06-19 51524 views Trending
    ​Binance, Binance.US, and the United States Securities and Exchange Commission (SEC) reportedly agreed on Friday, June 16, to temporarily limit access to customer funds exclusively to Binance.US employees.

    Thailand begins retail CBDC pilot to assess digital baht feasibility

    coingeek 2023-06-17 69266 views Trending
    ​Thailand’s banking regulator, Bank of Thailand, has confirmed its interest in central bank digital currencies (CBDCs) by announcing a pilot program for a digital baht.

    BUSD vs USDT: The Comprehensive Comparison in 2023

    coinwire 2023-06-16 42159 views Trending
    With the upsurge trend of the cryptocurrency industry, stablecoins have gained significant traction in the space due to their stable prices and fast transaction times. Tether (USDT) and Binance USD (BUSD) are the most popular stablecoins. Besides the stability characteristic of a stablecoin, they also have some notable differences. In this article, we will compare BUSD vs USDT, figuring out the similarities and differences between the two stablecoins to help you decide which might be a better investment.

    EU to utilize blockchain to verify educational and professional credentials

    coingeek 2023-06-15 34263 views Trending
    ​The European Commission is ramping up its pursuit to integrate blockchain technology in several industries across the continent, with the latest being a use case in credential verification.

    Philippines eyes digital banks as key to achieving financial inclusion

    coingeek 2023-06-14 54729 views Trending
    ​The Philippines has been ramping up efforts to achieve digital transformation, with experts believing that attaining such a feat would allow the country to establish financial inclusivity.

    A semi-centralized exchange to provide a ‘trade-to-own’ feature to engage users

    cointelegraph 2023-06-13 37086 views Trending
    As the Web3 space continues to evolve, crypto exchanges are finding new ways to engage their users in their mission to success.

    Binance criminal indictment may already be filed under seal, former SEC chief says

    theblock 2023-06-13 63560 views Trending
    John Reed Stark believes the U.S. DOJ will file, or has already filed under seal, a Binance-related criminal indictment.The 19-year SEC veteran sees money laundering charges as the DOJ’s way into the action.

    History of money: From fiat to crypto

    cointelegraph 2023-06-12 43907 views Trending
    Money as a concept has been a cornerstone of human civilization and economic development. To start with the latter, money is a method of storing value and worth, and it also functions as a medium of exchange that allows individuals to exchange goods, services and proxies thereof.

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