The president of the European Central Bank (ECB), Christine Lagarde, says cryptos are not currencies, adding that they are “highly speculative, suspicious occasionally, and high intensity in terms of energy consumption.” She also discussed the need for stablecoin regulation and central bank digital currencies (CBDCs). Lagarde: ‘Cryptos Are Not Currencies. Full Stop’ ECB President Christine …
Tag archives: Ripple
US Lawmakers Propose to Subject Cryptocurrencies to Wash Sale Rule
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New …
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Ripple (XRP) v SEC gets new twist after privileged’ documents blocked
The US Securities and Exchange Commission (SEC) recently filed a letter regarding the Court’s order to submit allegedly privileged documents requested by Ripple. In the letter, the SEC argued that all documents listed in the submission, which will be reviewed by Judge Sarah Netburn in camera, are protected by the deliberative process privilege (“DPP”). According …
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Successful Demo Day at Sanctor Turbo sees Solana, DeFi, and NFTs come under focus
Three projects graduated from Sanctor Turbo, a Y-Combinator style mentorship program for Web3 companies organized by Sanctor Capital on September 14, marking the completion of an intense six-week sprint that saw builders and investors iterate grandiose plans for the crypto-led future. It saw Koii Network introduce the world’s first ‘atomic NFTs,’ tokens that react to …
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Bitcoin Core 22.0 just released. Here’s all you should know
Released on Monday, Bitcoin Core version 22.0 is the 22nd major release of Bitcoin’s (BTC) original software client launched almost 13 years ago. The team overseen by the lead maintainer Wladimir van der Laan, took roughly eight months to bring the new update that launched on Monday to its fruition. The new version is the …
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Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion
On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible. Researcher: ‘We Are Finally in a Multi-Chain Market Structure’ …
Monsta Infinite Lists on AscendEX
press release PRESS RELEASE. AscendEX is thrilled to announce the Monsta Infinite token (MONI) listing under the trading pair USDT/MONI on Sept. 15 at 1 p.m. UTC. In celebration of the MONI listing, AscendEX and the MONI team will launch seven limited-time promotional events for users to earn token rewards. The events will take place …
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
On August 5, 2021, the Ethereum network and its participants successfully completed the highly anticipated London upgrade, which saw the implementation of the Ethereum Improvement Proposal (EIP)-1559. Since then, 303,681 ether worth more than a billion U.S. dollars have been burned. More Than 300K Ether Burned Following EIP-1559 More than a billion dollars worth of …
Dogecoin Rival Shiba Inu Spikes in Value While DOGE Prices Flounder, SHIB Jumps 21% in 24 Hours
While the dogecoin’s token price has floundered during the last seven days, the meme-coin’s rival shiba inu (SHIB) has moved up the ranks in terms of weekly gains. Dogecoin has shed 5.8% during the last week, but shiba inu has spiked 21.3% during the course of the week and 21.1% in the last 24 hours. …
Coinbase Files to Offer Cryptocurrency Futures and Derivatives Trading
Cryptocurrency exchange Coinbase has filed an application with the National Futures Association (NFA) to offer futures and derivatives trading on its platform. The exchange says its new offerings aim to “Further grow the cryptoeconomy.” Coinbase Registers to Offer Crypto Futures and Derivatives Trading Coinbase Global Inc. (Nasdaq: COIN) announced Wednesday via Twitter that it has …
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Paxful now supports speedy Bitcoin transactions after Lightning integration
Data: Bitcoin (BTC) adoption grows 1,200% in Africa The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report produced by Chainalysis estimated the growth to be over 1,200%, which means there has been an increase …
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Here’s why Ethereum DeFi app Arbitrum went offline yesterday
Arbitrum suffered downtime on September 14 as the network’s sequencer went offline for roughly 45 minutes, disclosed Offchain Labs, the company that is developing the optimistic rollup, in an official report on Medium. The young Layer-2 rollup belongs to the flock of scaling solutions that sit on top of the Ethereum (ETH) network, enabling cheaper …
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Aurus partners with Moonfarm – Earn yield on precious metals
Moonfarm is a yield aggregator platform that offers investors a yield on their cryptocurrency holdings by facilitating single asset staking and liquidity provisions on Decentralized Exchanges (DEX’s) including Uniswap, Pancakeswap and Quickswap. Aurus provides a Tokenization-as-a-Service (TaaS) solution to the precious metals industry. Aurus empowers precious metals. While uncontested as stores of value, precious metals …
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Top Shot NFTs creator Dapper Labs inks deal with Google
Google, the largest search engine in the world, has partnered with NBA Top Shot marketplace developer, Dapper Labs, to help support and scale its blockchain, Flow. According to the announcement, the Cloud arm of the tech giant would function as the network operator of the Flow blockchain whilst also offering its Cloud infrastructure in order …
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SEC Chair Gensler: ‘We Don’t Have Enough Investor Protection in Crypto Finance, Issuance, Trading, or Lending’
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, explained that there is not enough investor protection in cryptocurrency. He added that the securities regulator needs more funding and manpower to effectively regulate the crypto sector. SEC Chair Gensler Says More Funding Needed to Regulate Crypto Space SEC Chairman Gary Gensler detailed …