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Bank profits at risk from potential CBDC transformation of global economy: Moody’s

bank-profits-at-risk-from-potential-cbdc-transformation-of-global-economy:-moody’s

CBDCs are here to stay, it seems, and Moody’s is looking at their implications for the global economy and international banking. Emerging central bank digital currency (CBDC) cross-border transaction technology could transform the global economy by providing faster, cheaper and safer services for many of its players. But banks may not fare as well in

Google Trends Data Reveals Searches for ‘Banking Crisis,’ ‘Bank Runs,’ Skyrocket

google-trends-data-reveals-searches-for-‘banking-crisis,’-‘bank-runs,’-skyrocket

Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends

Europarliament approves Data Act that requires kill switches on smart contracts

europarliament-approves-data-act-that-requires-kill-switches-on-smart-contracts

The act would encourage data sharing, but it imposes requirements for smart contracts used in this setting that have alarmed members of the crypto community. The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is

Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs

aave-freezes-stablecoin-trading-on-avalanche-v3-as-activity-surges-on-cexs

The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11. According to the Aave’s

Sony Network Communications and Astar Network’s Joint Web3 Incubation Program Receives Over 150 Registrations

sony-network-communications-and-astar-network’s-joint-web3-incubation-program-receives-over-150-registrations

Tokyo, Japan, 5th March, 2023, Chainwire More participants expected before the registrations close at 11:59 PM Pacific Time on Monday, March 6th The participating startups will be mentored by senior executives at Sony, Astar Network, Microsoft, AWS, Dragonfly, and Blockdaemon Astar Network, the smart contract platform for multichain, is thrilled to announce that the Web3

Celo president Rene Reinsberg explains why the protocol is optimizing for mobile

celo-president-rene-reinsberg-explains-why-the-protocol-is-optimizing-for-mobile

Celo president Rene Reinsberg believes Web3 adoption will require more block space and that Celo will be what the majority will choose on smaller screens. On Episode 10 of Cointelegraph’s Hashing It Out podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw (GhCryptoGuy) to discuss the regenerative finance (ReFi) movement, which focuses on the building

How Bitcoin Helped Me Find The Courage To Write This Article

how-bitcoin-helped-me-find-the-courage-to-write-this-article

For years, I lived a life of self-imposed limits. But the Bitcoin community has given me the confidence to share my perspective.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.This one is for the

Why are artificial intelligence tokens going parabolic? Watch Market Talks live

why-are-artificial-intelligence-tokens-going-parabolic?-watch-market-talks-live

Join us as we discuss the reasons behind the recent price rally of artificial intelligence tokens. In this week’s episode of Market Talks, Cointelegraph welcomes Average Joe’s Crypto, a research analyst and writer. He authors his own blog, which focuses on all things crypto, Web3 and decentralized finance (DeFi).Without wasting any time, we jump straight

Charlie Munger Doesn’t Understand Bitcoin: Michael Saylor

charlie-munger-doesn’t-understand-bitcoin:-michael-saylor

Warren Buffett’s right-hand man hasn’t taken the time to understand Bitcoin, MicroStrategy’s Michael Saylor said in an interview with CNBC.Michael Saylor’s latest interview includes a blast at Western elites, specifically Charlie Munger. Munger recently penned an op-ed for the Wall Street Journal titled, “Why America Should Ban Crypto.” In it, he slammed cryptocurrencies, explaining that: “Such wretched

Sam Bankman-Fried seeks to access FTX funds

sam-bankman-fried-seeks-to-access-ftx-funds

Sam Bankman-Fried lawyers claim he was not involved in previous unauthorized transactions, and should have access to company assets. Sam Bankman-Fried’s legal team is seeking to remove a bail condition that prevented him from accessing FTX’s funds, according to court filings from Jan. 28.A letter from Bankman-Fried’s lawyer, Mark Cohen, to United States District Court

Choose Your Fighter: Bitcoin Maxis Vs. Fiat Maxis

choose-your-fighter:-bitcoin-maxis-vs.-fiat-maxis

Using the “choose your fighter” paradigm popularized by video games, we can compare Bitcoin and fiat and determine a winner.This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup. Source Bitcoin maximalists have had a whirlwind of a year. From getting browbeat through the recent price drawdown to being seemingly prophetic

Hackers steal $3.5M worth of digital assets from GMX whale

hackers-steal-$3.5m-worth-of-digital-assets-from-gmx-whale

The hackers took control of 82,519 GMX tokens and exchanged the assets for 2,627 Ether, and then transferred the assets to the Ethereum network using Hop Protocol and Across Protocol. Hackers have started the year with another exploit, with several million being taken from a whale holding large amounts of decentralized finance (DeFi) protocol GMX’s

Australia overtakes El Salvador to become 4th largest crypto ATM hub

australia-overtakes-el-salvador-to-become-4th-largest-crypto-atm-hub

El Salvador’s position as the fourth-largest crypto ATM hub was short-lived as Australia stepped up its game over the following months. El Salvador, the first country to legalize Bitcoin (BTC), has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023.As part of El

Robinhood shares claimed by BlockFi and FTX may move to a neutral broker

robinhood-shares-claimed-by-blockfi-and-ftx-may-move-to-a-neutral-broker

Bankruptcy judge Michael Kaplan reportedly said that on Jan. 9, he will review if the shares should be transferred to a neutral broker. The largely disputed Robinhood shares might be transferred to a neutral broker or an escrow account while the courts determine the rightful owner. Digital asset lender BlockFi recently sued former FTX CEO Sam

From Prediction To Reality: How Bitcoin Will Win In 2023

from-prediction-to-reality:-how-bitcoin-will-win-in-2023

I predicted that Bitcoin would face attacks between 2018 to 2023, then its period of true victory will start.This is an opinion editorial by Obi Nwosu, CEO of Fedi and a board member for ₿trust.In 2020, I predicted that Bitcoin would face attacks during the 2018 to 2023 period but would ultimately emerge successful by

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