Dante Disparte, Circle’s chief strategy officer and head of global policy who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path for stablecoins. In a Monday blog post, Disparte named 18 principles Circle had established as part of its effort to shape stablecoin …
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Popular crypto analyst Will Clemente, citing Glassnode data, revealed that Binance now holds more Bitcoin (BTC) units than its rival Coinbase. The flippening: Binance has surpassed Coinbase for having the most BTC of any exchange pic.twitter.com/oNt4boKdBL — Will Clemente (@WClementeIII) July 18, 2022 The data showed that Binance BTC holdings crossed the 600,000 mark, and …
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Time Magazine’s President Keith Grossman recently said that he hoped to migrate all future subscriptions into NFTs of “TIMEPieces,” which give holders exclusive subscription rights and the ability to own their data. Time Magazine’s President Keith Grossman said that the companies have been looking at consumers as “renters” with data ready to be exploited. With …
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The U.S. Securities and Exchange Commission (SEC) needs to take action to protect consumers against bad actors in the crypto space, Senator Elizabeth Warren told Yahoo Finance on July 17. Warren said: “Congress needs to act, but the SEC has a responsibility to use its authorities to put guardrails in place and crack down on …
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Grayscale has said in a report that the current crypto winter could last for another 250 days, based on previous market cycles. According to Grayscale’s “Bear Markets in Perspective” report, a crypto market cycle has an average life span of 4 years (1275 days), and a bear market begins when the realized price moves below the …
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Binance has been fined €3.3 million by De Nederlandsche Bank (DNB) for offering unlicensed crypto services to the country residents. The Dutch regulator said it considered Binance’s failure to register with it under the Money Laundering and Terrorist Financing Prevention Act a “very serious” breach of the country’s law. According to the July 18 press statement, …
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Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the UST de-peg event citing “pretty amazing interest” as justification for holding through the crash. Highlights Invictus Capital invested millions of dollars of investor funds …
Tony Hawk, one of the most popular skateboarders in the world, is planning to build a skateboard park in the metaverse. The initiative, which will be completed in partnership with The Sandbox and Autograph, will also create voxel representations of the skateboarder as NFTs, that will be able to be used in The Sandbox metaverse …
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The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic. Bank …
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Last month, it was reported that the co-founder of Ripple, Jed McCaleb was close to emptying his xrp wallet that held 81 million tokens worth $26 million. Following a transaction that saw 3,898,451 xrp transferred out of the address, McCaleb’s wallet is now close to being empty as there’s only 47.6912 xrp worth $17 stored …
The biggest Ethereum (ETH) whales in the world are eyeing up several altcoins within the decentralized finance (DeFi) sector as crypto markets turn green. Data from blockchain tracking service WhaleStats show that the top 1,000 Ethereum whales have been accumulating a slew of stablecoins over the past 24 hours, including Circle’s USDC, Binance’s BUSD, Maker’s …
A closely tracked crypto analyst says that smart contract platforms Ethereum (ETH) and Solana (SOL) are gearing up for rallies leading into September. In a new video update, the host of InvestAnswers tells his 442,000 YouTube subscribers that investor trends in the options markets are hinting toward the likeliness of ETH rallying in the next …
A troubled crypto brokerage that recently filed for bankruptcy says they are owed hundreds of millions of dollars by a US-based private lending firm. According to a new report by the Financial Times (FT), Alex Mashinsky, the chief executive officer of Celsius Network, said in a court filing on Thursday that an unnamed lending service …
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The world’s largest crypto exchange by trading volume is receiving a registration fine from De Nederlandsche Bank (DNB), the Dutch central bank. According to an announcement, the fine will be punishable by the third category – the DNB’s strictest enforcement level. “The violations committed by Binance are punishable with a fine from the third category. …
Reducing your initial debt of $820 million to just $0.013 over a month can’t be easy. And, it’s hardly surprising that such a heroic dash has led Celsius to bankruptcy. Last week, the crypto lending platform voluntarily filed petitions for Chapter 11 reorganization after closing off the last of its decentralized finance (DeFi) debts owed …
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