Since billions of Bitcoin are usually moved around wallets daily, the $11 million wouldn’t really impact the market pretty much.
Larsen warned that the regulators’ heavy-handed approach with the crypto space can lead to the U.S. losing its financial dominance to its economic arch-rival China. He added that the current regulatory approach is discouraging FinTech companies to stay in the U.S.
The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district. Besides, it will stimulate using CBDC in consumers’ everyday lives.
RippleNet customers using the on-demand liquidity (ODL) feature can ask for a Line-of-Credit by purchasing XRP from Ripple on a credit basis. This helps to instantly source capital required by businesses to grow their businesses at scale.
The total Assets under bitFlyer Japan’s custody topples 161.8 Billion Yen or approximately US$1.5 billion far back in August, breaking an almost two-year stalemate.
The report indicates that a CBDC should be easily convertible, convenient to all, possess an unmatched security system, have high speed, and should be of legal sound.
The Amsterdam Digital Asset Exchange (AMDAX) has completed what is described as The Netherlands’ first cryptocurrency service registration with the country’s apex bank De Nederlandsche Bank (DNB).
According to Fireblocks, Revolut will be leveraging its unique MPC-based wallet and network infrastructure to bring more innovative crypto services to its customers.
Following the news, Square stock went up. It closed at $183.50 per share on Thursday, or 1.84% up, and is further rising in the pre-market today.
100x Group COO Vivien Khoo will serve as BitMEX interim CEO. Ben Radclyffe, BitMEX Commercial Director, will have more responsibilities for client relationship handling and oversight of financial products.
On Tuesday, October 8th, the main digital currency, is slightly growing, trading near $10,632.
With the KPMG Climate Accounting Capability, organizations will be able to meet their sustainability goals by being able to analyze climate risks associated with asset valuations.
DeFi markets are seeing a sharp correction amid heavy profit-booking in the market. Over the last week, top DeFi tokens registered double-digit corrections. The positive indicator is DeFi users have multiplied by 3x over the last three months.
MOBI blockchain standard will enable a set of core network data services that will provide significant value to electric vehicle owners, charging infrastructure, and grid operators.
The Corion Foundation, the non-profit behind CorionX, a platform that looks to usher in the next wave of adoption for stablecoins, central bank digital currencies (CBDCs), and decentralized finance (DeFi), has now teamed up with the Syscoin Foundation to help address market interoperability issues and drive stablecoin adoption.