Cyptocurrency

Hong Kong believes stablecoin volatility can spillover to traditional finance

The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of crypto assets, including asset-backed stablecoins, can potentially…

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Texas to probe FTX endorsements by Tom Brady, Stephen Curry and other celebs

NFL quarterback Tom Brady and NBA point guard Stephen Curry are reportedly among the celebrities facing a probe from the Texas financial regulator over their promotion of the now-bankrupt crypto exchange, FTX. Joe Rotunda, director of enforcement at the Texas State Securities…

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Sam Bankman-Fried deepfake attempts to scam investors impacted by FTX

A faked video of Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, has circulated on Twitter, attempting to scam investors affected by the exchange’s bankruptcy.Created using programs to emulate Bankman-Fried’s likeness and voice, the poorly made “deepfake” video attempts to…

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US senators urge Fidelity to reconsider its Bitcoin offerings after FTX blow-up

United States senators Elizabeth Warren, Tina Smith and Richard Durbin have renewed their calls for Fidelity Investments to reconsider offering a Bitcoin (BTC)-linked 401(k) retirement product. In a letter addressed to Fidelity Investments CEO Abigail Johnson on Nov. 21, the three senators…

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Where Catalyst is Broken? (Or just need some more clarification)

Miguel SaldanaNov 22·11 min read·Project Catalyst in Cardano Could Lean On Objective Evidence to ImproveAbstract:With the current structure of the Catalyst PA/VPA process, adding additional safeguards in place that provide a more objectively-based framework will provide many benefits. The key benefit…

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How Blockchain technology can be seamed into extended virtual experiences; An ideal AR, VR and MR…

Edinyanga OttohoNov 19·7 min readIt’s no real doubt that Extended Reality (encompassing Augmented reality, Virtual reality and Mixed reality) is taking over the world by storm; the Metaverse as we may have it is rapidly evolving and inevitably approaching total immersion…

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Uniswap’s new privacy policy sees backlash from decentralization buffs

Decentralized exchange (DEX) Uniswap's recently updated privacy policy appears to have attracted the ire of some members of the community, with concerns that collecting and storing user data works against crypto's core values. In recent responses to a November blog post regarding its…

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Comparing Parity’s ink! with Solidity: EVM VS Substrate programming

Edinyanga OttohoNov 20·6 min readIn this series, I’ll be contrasting EVM chains and Substrate-based chains to clarify underlying misconceptions and misunderstandings associated with this subject matter.The core focus of this article is on the technical (programming) aspect of both chains, but…

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Digital Currency Group

Marcel BoerNov 21·3 min read·The Digital Currency Group is a venture-backed firm that is focused on the digital currency and blockchain technology industries. The Digital Currency Group’s mission is to accelerate the development of the digital currency and blockchain technology industries.…

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FTX crisis leads to record inflows into short-investment products

Institutional investors have responded to the negative sentiment caused by FTX’s collapse, with record institutional inflows into crypto-focused short-investment products. According to CoinShares’ chief strategy officer James Butterfill, 75% of the total inflows by institutional crypto investors for the week ending…

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Senate Banking Committee Democrats warn SoFi about meeting its compliance deadline

Chairman of the United States Senate Banking Committee Sherrod Brown and three other Democratic committee members sent letters Nov. 21 to federal officials and to Anthony Noto, president of SoFi Technology. They expressed concern about the online bank’s efforts to conform…

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Data shows traders are slightly bullish even as crypto’s total market cap falls under $800B

The total cryptocurrency market capitalization dropped by 5% between Nov. 14 and Nov. 21, reaching a notable $795 billion. However, the overall sentiment is far worse, considering that this valuation is the lowest seen since December 2020. Total crypto market cap in…

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BOE’s Cunliffe says regulation can save crypto from itself and it’s worth the effort

Bank of England Deputy Governor Jon Cunliffe shared thoughts on cryptocurrency regulation and decentralized finance (DeFi) in a talk on Nov. 21. He intended to speak about stablecoins and central bank digital currency (CBDC), Cunliffe said at a conference in Coventry,…

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US Senate committee schedules FTX hearing for Dec. 1, CFTC head to testify

The United States Senate Agriculture Committee has announced that Commodity Futures Trading Commission, or CFTC, chair Rostin Behnam will be one of the witnesses in a hearing exploring the collapse of crypto exchange FTX.According to the Senate Agriculture Committee website, on…

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