Cryptocurrency companies Coinbase and Circle are challenging a Basel Committee on Banking Supervisory proposal to introduce stricter standards. Preferential treatment in regulations On banks’ stablecoin exposure.The commission published a consultation paper in December suggesting that banks conduct due diligence to ensure “an appropriate understanding of the stabilization mechanisms of the stablecoins to which they are exposed.” The proposed requirements determine whether stablecoins qualify for the “Group 1b category,” which provides preferential regulatory treatment. According to consultation document, must meet certain criteria, including low volatility and sufficient liquidity. The deadline for comments on the document was March 28. Cryptocurrency exchange Coinbase…
Author: Crypto Flexs
The team behind Solareum, a Telegram trading app for buying and selling SolanaThe popular messaging platform’s token-based platform announced that it would be shutting down after some of the attacks were linked to it. $523,000 worth of SOL was depleted. From the user’s wallet last week.The wallet-draining exploit, which is believed to have affected more than 300 Solana users, occurred late last week. Initially, some users believed that BONKbot, a popular Telegram trading robot, was responsible for the leak of users’ private keys.However, the BONK meme coin team denied that there was a security issue with the Telegram bot and…
Cryptocurrency-related anti-dumping policies include a set of measures designed by regulators or cryptocurrency exchanges to curb the practice of dumping, which is the strategic sale of significant quantities of a specific cryptocurrency over a short period of time. The main purpose of dumping is to artificially lower the price of a cryptocurrency, causing volatility and potential losses for unsuspecting investors. These market manipulation tactics undermine market integrity and erode investor confidence, so strong anti-dumping policies must be implemented to prevent their harmful effects. Anti-dumping policies may be implemented to counter dumping and promote market stability. These policies can take many…
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether Ethereum is a security. “The negative impact of the SEC implicitly or directly classifying ETH as a digital asset security will spread across digital asset markets in the short and long term(…)
Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only. As Ripple (XRP) and Cosmos (ATOM) investors look for new opportunities amid regulatory and ecosystem developments, a new decentralized lending protocol, Kelexo (KLXO), emerges with the potential for huge profits. The Easter holiday brings news of hope and optimism, which is exactly what more and more Ripple (XRP) and Cosmos (ATOM) holders are seeing with the launch of promising new decentralized peer-to-peer lending protocols. Kelexo (KLXO) is making waves in the decentralized finance (defi) sector, directly leveraging leading lending…
Posted 1 minute ago In ~ MakerDAO, a decentralized finance (DeFi) project, is considering allocating 600 million DAI to USDe and staked USDe (sUSDe) through DeFi lending protocol Morpho Labs.Both USDe and sUSDe are issued by stablecoin developer Ethena Labs. It’s currently in a proposed state, but if the MakerDAO community confirms this move, it will bring Ethena’s total value lock-in growth “in line with internal expectations.” wrote Seraphim Czecker, Head of Growth at Ethena “Using the lowest of the above thresholds would result in a maximum recommended exposure to USDe of $600 million,” according to the proposal. “This will…
Bitcoin has thrived as digital gold. But the biggest long-term impact will be on business and trade, says While CEO Zac Townsend.
Binance appoints board of directors for the first time as regulatory crackdown intensifies. The newly formed Board of Directors will be chaired by Gabriel Abed, former Barbadian Ambassador to the United Arab Emirates. The Board of Directors consists of seven members, including Binance CEO Richard Teng and other key executives including platform founding members Heina Chen, Jinkai He, and Lilai Wang. Additionally, two external members will join the board: Arnaud Ventura, managing partner of Gojo & Co., and Xin Wang, CEO of Bayview Acquisition Corp. The development was officially confirmed on March 7, as reported by Bloomberg. This strategic move…
While most new cryptocurrency tokens do not meet investor expectations, some may be beneficial to invest in from the beginning. Buying a new cryptocurrency with potential helps users multiply their investment, as was the case with early Bitcoin buyers who later earned huge profits.Mantle (MNT), a new cryptocurrency on the market, is somehow undiscovered in the digital currency ecosystem. Just like MNT emergingUsers want to know if it is a promising cryptocurrency they can invest in right now.Therefore, analyzing the unique features and market position of MNT tokens is essential to identify investment potential.price analysis Tracking the price movements of…
March 26 Bitfinex Lists Coq Inu, Meme Tokens on Avalanche Post time: 11:11h From media materials by admin Road Town, British Virgin Islands – March 26, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will list the meme token Coq Inu (COQ) on the Avalanche Network’s contract chain (c-chain). Launched by Avalanche community members late last year, Coq Inu is a chicken-themed meme token with a total supply of 69.42 trillion. Similar to other popular meme tokens, Coq Inu has no specific purpose or utility for the network on which it is based, and…