The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Tag archives: Bitcoin
IMF Warns El Salvador Against Using Bitcoin as Legal Tender After ‘Bitcoin City’ Announcement
The International Monetary Fund (IMF) has warned El Salvador against using bitcoin as legal tender due to various risks associated with cryptocurrency. The warning came one day after Salvadoran President Nayib Bukele announced his plan to build a “bitcoin city” powered by a volcano and financed by bitcoin bonds. IMF Says El Salvador Shouldn’t Use …
Eurosystem Approves New Oversight Framework Concerning Crypto Services
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, …
Continue reading “Eurosystem Approves New Oversight Framework Concerning Crypto Services”
Eurosystem Approves New Oversight Framework Concerning Crypto Services
The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, …
Continue reading “Eurosystem Approves New Oversight Framework Concerning Crypto Services”
Dvision Network Has Officially Announced the First LAND Sale in Collaboration With Binance NFT and NFTb on 24th November
press release PRESS RELEASE. Dvision has recently announced that it will be conducting the LAND sale for its digital estate that will be used in the Dvision Metaverse through tripartite cooperation with Binance NFT and NFTb, allowing its users to participate in the sale on three platforms with different sale structures. Dvision has revealed, that …
Dvision Network Has Officially Announced the First LAND Sale in Collaboration With Binance NFT and NFTb on 24th November
press release PRESS RELEASE. Dvision has recently announced that it will be conducting the LAND sale for its digital estate that will be used in the Dvision Metaverse through tripartite cooperation with Binance NFT and NFTb, allowing its users to participate in the sale on three platforms with different sale structures. Dvision has revealed, that …
How IoTeX’s MachineFi is returning control of data and smarts devices to people
The world is headed toward a future where billions of intelligent machines will unlock a multi-trillion-dollar economy, IoTeX took its most significant leap after years of in-depth research and development to make its vision a reality. “We’ve always believed that intelligent machines will one day be the largest users of blockchain,” said IoTeX Head of …
Continue reading “How IoTeX’s MachineFi is returning control of data and smarts devices to people”
Crypto payments giant MoonPay raises $555 million in Series A funding
Leading crypto payments infrastructure provider, MoonPay has closed Series A funding with a whopping $555 million record investment. This brings the company’s valuation to $3.4 billion. With a customer base of over 7 million users, MoonPay is certainly heading to the moon. The investment round was led by Tiger Global Management and Coatue with participation …
Continue reading “Crypto payments giant MoonPay raises $555 million in Series A funding”
There’s over $4.2 billion locked in Ethereum layer-2 protocols
According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month. Users pour their money into L2s as Ethereum fees …
Continue reading “There’s over $4.2 billion locked in Ethereum layer-2 protocols”
There’s over $4.2 billion locked in Ethereum layer-2 protocols
According to data from analytics platform L2BEAT, there has never been more value locked in Ethereum’s layer-2 scaling solutions. With increasing gas fees driving the adoption of networks such as Arbitrum, Optimism, and Loopring, layer-2 TVL increased by more than 44% in less than a month. Users pour their money into L2s as Ethereum fees …
Continue reading “There’s over $4.2 billion locked in Ethereum layer-2 protocols”
Privacy is coming to the Inter-Block Communication network via Secret Network collaboration
A proposition to greenlight Secret Network joining the Inter-Block Communication (IBC) protocol is set to pass, with most voters saying yes to the tie-up. According to @JayJaboneta, Proposition 63 will end late Monday, and the current voting results have the yeses overwhelmingly in the lead. Meaning the coming days will see network integration between all …
Privacy is coming to the Inter-Block Communication network via Secret Network collaboration
A proposition to greenlight Secret Network joining the Inter-Block Communication (IBC) protocol is set to pass, with most voters saying yes to the tie-up. According to @JayJaboneta, Proposition 63 will end late Monday, and the current voting results have the yeses overwhelmingly in the lead. Meaning the coming days will see network integration between all …
Australian senator lends support to DeFi amid market pullback
‘DeFi is really eating the world of finance,’ says Kraken CEO The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. 2 min read …
Continue reading “Australian senator lends support to DeFi amid market pullback”
Australian senator lends support to DeFi amid market pullback
‘DeFi is really eating the world of finance,’ says Kraken CEO The emergence of cryptocurrencies such as Bitcoin and Ethereum made it obvious how much traditional markets lack transparency and are stacked against the “little guy,” Jesse Powell, CEO of crypto exchange Kraken, told Yahoo! Finance in an interview published on Friday. 2 min read …
Continue reading “Australian senator lends support to DeFi amid market pullback”
$1.8 billion moved to Ronin DEX from Ethereum in 2 weeks
In the first two weeks since Sky Mavis, the team behind Axie Infinity (AXS), launched Katana, $1.8 billion in net assets bridged from Ethereum (ETH) to Ronin (RON), a recent DappRadar report revealed. According to the data acquisition and analysis company that keeps tabs on thousands of dapps across multiple blockchains, in this short timeframe, …
Continue reading “$1.8 billion moved to Ronin DEX from Ethereum in 2 weeks”