The Treasury Department has put forward definitions of “digital assets” and “mass adoption,” that would be used in any coming federal crypto regulations. The Department’s issuance in the Federal Register follows a Biden executive order early this year on an all-government approach to investigating and reporting back on cryptocurrencies and a possible CBDC (Central Bank...
Category: TRENDS IN CRYPTOS
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AUTOMATING OUT OF WORLD CRISIS?
Workforce disruptions, supply chain woes, international conflict, energy sector chaos, food shortages—how are businesses responding to the challenges of the current moment? A new report points to automation. Put together by Futurum Research and Automation Anywhere, a leading company in the field, the report found that businesses are rapidly increasing their moves to automate business...
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EUROPEAN UNION FINALIZES RULES GOVERNING CRYPTO
The European Union (EU) has settled on a coherent set of regulations to govern digital assets throughout the 19-country bloc, relieving concerns of patchwork rules that change from nation to nation. Exchanges and other crypto-related services would need to be authorized by an EU regulating agency before operating in any single country. The new set...
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BLOCKCHAIN BATTLES
COINS OF WAR? What cryptos have performed best during the Russia-Ukraine conflict? That’s the subject of a new study, which examined the reaction of cryptocurrency markets to the war, which has reverberated the world over with economic and geopolitical ramifications. A group of French university researchers say their empirical findings show that Binance Coin, associated...
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CHINA “INNOVATING” BLOCKCHAINS WITHOUT CRYPTO
They’re not permissionless of course, and not public. But rest assured, China is otherwise innovating like crazy with blockchain technology. So reports the Communist government-tied newspaper, the South China Morning Post. According to theBlockcrypto.com, blockchain based immutable distributed ledgers run by entities authorized by the Chinese government’s internet regulator are offering smart contract based software...
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BLOCKCHAIN BATTLES
WILL U.S. WIN THE FUTURE OF MONEY? The title of the white paper says it all: “”Winning the Future of Money: A Proposal for a US Central Bank Digital Currency.” Representative Jim Himes (D-CT) released the policy paper on 22 June, in an effort to spur the federal government’s consideration of a digital dollar. The...
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MEETKAI: AI POWERED METAVERSE THAT “OUTDOES REALITY”
Unlike some other metaverse projects, which create fantasy virtual landscapes, MeetKai has a different vision. The project is mapping the actual world, to offer it as an augmented doppelganger, complete with heavily AI powered features. Among other things, users will be able to create games or brand-connected real estate populated with entities that aren’t NPCs...
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BITGO MAKES IT EASIER FOR INSTITUTIONS TO INVEST IN NFTS
Palo Alto’s BitGo has become the first U.S. approved NFT digital asset custody solution provider, offering services to allow its more than 700 institutional clients to acquire and hold NFT assets. According to a company press release, the company’s custody solution can be paired with hot wallets for the NFT industry, providing marketplaces, retail platforms,...
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BLOCKCHAIN BATTLES
EUROPEAN BLOCKCHAIN PARTNERSHIP ADDS UKRAINE AS MEMBER Ukraine will join Norway and Liechtenstein as non-EU members of the European Blockchain Partnership (EBP). The EBP, which currently boasts 27 member nations, has a mission of developing cross-border public services. Ukraine’s Ministry of Digital Transformation announced the country’s decision to join the EBP this past week as...
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ETHEREUM GAINS TIME WITH LAYER-2 SOLUTIONS
Vitalik Buterin recently referenced some layer-2 networks that improve Ethereum network functionalities, crypto outlet ambcrypto reported. On the list were Polygon, Skale, and OMG network (“sidechain” technologies); Arbitrum, Cartesi, and Optimism (“optimistic roll-up” solutions); and Loopring, zkSync, and zkSwap (“zk roll-up” technologies). Unstoppable Domains is an example of a use case where Polygon has made...