In a paper recently published by the Bank for International Settlements (BIS), Fabio Araujo, an economist at the Central Bank of Brazil (CBB) who is also responsible for the country’s central bank digital currency work, revealed that the monetary authority will have greater control over the population’s money once its CBDC is rolled out. Through …
Continue reading “Brazilian central banker describes how CBDC system can halt bank runs”
The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value. The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an …
The Bitcoin price prediction shows that BTC is likely to cross below the moving averages as the coin touches $29,402 support. Bitcoin Prediction Statistics Data: Bitcoin price now – $29,525 Bitcoin market cap – $564.8 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A retirement savings service provider, ForUsAll, is suing the U.S. Department of Labor over recent guidance issued to fund managers and companies that offer 401(k) holders the option to invest in crypto-assets, The Wall Street Journal reported. The San Francisco-based administrator …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Lawmakers in New York passed a bill that would ban new Proof-of-Work (PoW) mining operations from setting up shop in the state. The bill is now headed to the desk of New York’s governor Kathy Hochul, who will sign it into …
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👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A report by Block Inc., in conjunction with Wakefield Research, detailed several interesting findings concerning Bitcoin. The report explored Bitcoin narratives to better understand people’s knowledge and perceptions of it across geographical regions, gender, income, and age. Key findings of the …
Continue reading “Block Inc. report suggests Bitcoin is the people’s currency, but with a twist”
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a …
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The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the …
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The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be …
press release PRESS RELEASE. LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL’s native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and …
The Solana (SOL) blockchain is experiencing yet another round of network problems, leading to a huge price crash. The Ethereum (ETH) competitor announced on Wednesday that block production on Solana Mainnet Beta had temporarily halted. Solana Status notes that validator operators successfully completed a cluster restart of the mainnet beta about 4.5 hours later, ending …
Widely followed crypto trader Michaël van de Poppe is predicting price rebounds for Bitcoin (BTC), Ethereum (ETH) and one under-the-radar ETH competitor. Van de Poppe tells his 606,900 Twitter followers that Bitcoin could be on the way to $31,800 after holding the $30,000 price level yesterday. “Bitcoin held the $30,000 level, so long would still be intact …
A financial planning company allowing customers to include crypto in their 401(k) plans is suing the Federal government. In a new filing against the U.S. Department of Labor (DOL), the retirement firm ForUsAll says that the department is engaging in an “arbitrary and capricious” campaign against digital assets. The suit invokes the Administrative Procedure Act …
Popular fast food chain Chipotle is announcing a new partnership for the restaurant to accept crypto assets as payment. According to a recent blog post by digital payments network Flexa, Chipotle will now be accepting crypto assets exclusively on the platform at any of its store locations in the United States. “Today, we’re delighted to …
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Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing …
