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.
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.
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.
The Travel Rule Protocol working group’s solution uses two simple RESTful APIs designed for querying address ownership and sending required originator and beneficiary information about digital asset transfers.
The latest announcement of the Eosfinex beta mainnet launch will solve the major problem of illiquidity on the EOS network thereby garnering additional support for EOS projects.
Just as Bitcoin was a spark for the cryptocurrency movement, it seems that Ethereum is likely to take a similar role in the history of DeFi.
AdEx collaborated with Chainlink primarily thanks to its high-quality decentralized blockchain network that incorporates dependable data.
Ripple is considering leaving the U.S. and opting for Asia or Europe instead because of the unfavorable regulatory climate caused by U.S. regulators.
Google Cloud will be one of the 21 block producers on the EOS blockchain and will allow its open-source developer community to build applications on EOS.
Polkadot has come with an interesting and secure way of funding crypto projects via a new concept dubbed Initial Parachain Offering (IPO) by leveraging its parachain architecture and using its native DOT tokens.