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
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
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
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
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 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
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
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
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 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
Binance stressed that credit and debit card payments will continue to be accepted and that non-USD bank transfers would still be processed through the SWIFT payment system. Binance has informed its retail customer base of a potential incoming service disruption that may halt on and off-ramp bank payment transfers.The service disruption will impact users of
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
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
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
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
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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