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Crypto News

Australian "Big 4" Banks Issues Stablecoin For Remittances And Carbon Trading

The National Australia Bank (NAB) introduced an Australian dollar-pegged stablecoin on the Ethereum network, making it the second of the "Big 4" Australian banks to do so. According to a report from the Australian Financial Review, the AUDN stablecoin is meant to emerge around mid-2023 with the goal of facilitating international transfers and the trade of carbon credits allowing users to avoid the slower and more expensive SWIFT payment network.

cointelegraph - 1318 ngày trước

Japan Calls On Regulators Worldwide To Subject Cryptocurrency Exchanges To Bank-level Oversight

According to a recent report, the Japan's Financial Services Agency (FSA), the nation's top financial regulator, has encouraged regulators worldwide to subject crypto exchanges to bank-level restrictions. After the failure of the crypto exchange FTX and the subsequent filing of fraud charges against its former CEO Sam Bankman-Fried which brought attention to global regulatory inconsistencies, the FSA has urged for more crypto regulation.

Bitcoin News - 1318 ngày trước

Ripple CEO Believes That XRP Lawsuit Will Be Resolved By June

The CEO of Ripple, Garlinghouse, anticipates the company's legal battle with the U.S. Security Exchange Commission to be resolved and that a decision could be rendered by June as both parties have fully briefed their arguments to the U.S. District Court. The CEO of Ripple mocked the SEC's embarrassing conduct during the lawsuit, even though Garlinghouse and investors think that the facts, law, and court will ultimately rule in favor of Ripple.

cointelegraph - 1319 ngày trước

According To New Lawmaker Plans, French Crypto Companies Must Request Authorization By 2024

Plans approved by legislators at the National Assembly will require crypto firms in France to apply for permission from regulators to operate if they are not already registered with the nation's financial regulator by January 1, 2024. The ideas provide greater flexibility than the Senate's December proposal, which sought to prevent crypto companies from abusing new European Union regulations known as the Markets in Crypto Assets legislation.

coindesk - 1319 ngày trước

Dogecoin's Carbon Emissions Decreased By 25% While Working With Elon Musk

Due to the efforts of creators and Tesla CEO Elon Musk, research reveals that Dogecoin was the only memecoin in 2022 to actively lower its carbon footprint, a crucial indicator for mainstream adoption by 25% in a year. High carbon emissions were one of the key reasons Musk changed his mind about accepting Bitcoin payments for Tesla. Due to Musk's and the ecosystem's members' proactive efforts, Dogecoin's annual CO2 emissions were reduced by 25%.

cointelegraph - 1319 ngày trước

In Poland, Binance, The Biggest Cryptocurrency Is Currently Fully Compliant

Binance, the biggest cryptocurrency exchange in the world, stated that its services now fully comply with Polish regulatory regulations for the suppliers of virtual asset services (VASPs). To continue utilizing Binance Poland's services, Polish users must agree to revised terms and conditions and Binance also stated in a recent blog post that the platform was updated in order to give users the greatest and safest experience possible.

CryptoPotato - 1319 ngày trước

Polkadot Improves Cross-chain Functionality Between Its Blockchains

The version 3 of Polkadot's Cross-Chain Messaging standard, Cross-Consensus Messaging (XCM), that improves interoperability between many blockchains in its ecosystem, is released. According to Polkadot co-founder Gavin Wood, the update's code has been merged into the repository's master branch and after 15 months of development, XCM version 3 is currently in production and is compatible with all app-specific blockchains in the Polkadot ecosystem.

theblock - 1319 ngày trước

20 Urban Locations Get Digital Services Through The Shanghai Metaverse Pilot

Recently, the Shanghai Municipal Commission of Economy and Informatization announced a pilot program to transform 20 different urban areas into main metaverse application scenarios which will use digital tech. Business operations, education, branding, and entertainment are just a few of the social sectors where this technology will be used. The city anticipates that doing this will enable residents to utilize these city facilities' smarter services.

Bitcoin News - 1319 ngày trước

Global Industry Standards For Crypto Regulation Are Demanded By The CFTC Commissioner

The commissioner of the Commodity Futures Trading Commission (CFTC), Caroline Pham, recently urged authorities to issue more precise instructions on crypto assets in 2023. Pham said there have been continuous negotiations about cryptocurrency laws with international players. According to the government source, there are now several discussions taking place in other countries concerning international industry standards for crypto legislation.

cointelegraph - 1319 ngày trước

Yves Saint Laurent Prepares To Join The NFT Trend

Yves Saint Laurent Parfums SA, a renowned French luxury goods company, plans to enter the Metaverse with trademark applications pertaining to the usage of non-fungible tokens (NFTs) for virtual goods. The company intends to provide multimedia files with artwork, text, audio, and video content pertaining to perfumery, toiletries, and other personal care products, according to the applications.

U.Today - 1319 ngày trước

Crypto News

Bitcoin Open Interest Surges by $1.8 Billion as Price Breaks $27,000

Bitcoin's Open Interest has surged by $1.8 billion as its price broke the $27,000 mark, indicating a strong influx of investor interest. Open Interest tracks the total value of Bitcoin futures contracts open on derivative exchanges, with rising figures signifying increased market activity and potential volatility. The recent jump from $11.04 billion to $12.81 billion suggests heightened trading and leveraged positions. The future direction of Bitcoin's price remains uncertain, with the surge potentially fueled by shorts covering positions or longs hoping for further gains. The funding rate suggests a balanced mix of long and short positions.

newsbtc - 1076 ngày trước

Bitcoin Poised for Parabolic Rise with Institutional Capital Inflow, Says Morgan Creek Capital Founder

Morgan Creek Capital founder Mark Yusko predicts a bright future for Bitcoin (BTC) as institutional capital worth hundreds of billions is expected to enter the market. Yusko points to Bitcoin's historical trend of adding a zero to its price following each halving event, with the next one slated for April 2024. He anticipates a 1.5x increase from the current all-time high, potentially reaching $100,000. Additionally, Yusko believes Bitcoin exchange-traded funds (ETFs) will be approved by late 2023 or early 2024, leading to a substantial influx of capital into the cryptocurrency.

The Daily Hodl - 1076 ngày trước

Citigroup Leads the Way with Permissioned Blockchain for Institutions

Citigroup has unveiled Citi Token Services, a permissioned blockchain platform designed for institutional clients, offering access to tokenized deposits, cross-border payments, and automated trade finance around the clock. This move aligns with Citigroup's goal of creating a 24-7, on-chain, programmable financial system. The partnership with Maersk enables instant payments through smart contracts, benefiting companies with numerous vendors. Citi Token Services also aids corporate treasurers in managing global liquidity more efficiently. Meanwhile, JPMorgan is reportedly still in the early stages of exploring a similar private blockchain service, lagging behind Citigroup's innovation.

Blockworks - 1076 ngày trước

Bitcoin Dominance Soars Above 50%, Emerging as the Crypto Safe Haven

Bitcoin is making a strong comeback, currently priced at $26,684 and holding over 50% of the total cryptocurrency market, boasting a market cap of approximately $520 billion. This milestone is significant as it contrasts with the stagnation or decline of many alternative cryptocurrencies (altcoins). Ethereum, the closest rival, sits at $1,632.09, with other altcoins showing modest gains or losses. Bitcoin's resurgence aligns with historical trends, often thriving during bear markets, cementing its status as a digital "safe haven." Despite gains, it remains below its peak dominance levels, but its return to prominence is noteworthy.

U.Today - 1076 ngày trước

Animoca Game Studio Pioneers Bitcoin-Backed Metaverse Token, Ushering in Bitcoin's Next Phase

Animoca Brands subsidiary Darewise Entertainment is set to introduce the first-ever metaverse token on the Bitcoin blockchain. The token is aimed at powering a comprehensive ecosystem for gaming, brands, and real-world experiences. This move represents a significant expansion of Bitcoin's capabilities beyond a store of value. The metaverse token will facilitate in-game assets and virtual lands for the Life Beyond metaverse project, marking a new era for Bitcoin. Darewise Entertainment is partnering with Horizen Labs to develop and expand the Ordinals ecosystem on Bitcoin, with more innovations expected in the coming months.

Bitcoin News - 1077 ngày trước