The Basel Committee on Banking Supervision (BCBS) has proposed to consider stablecoins as less risky cryptocurrencies. According to the document, BCBS proposes changing the criteria so that stablecoins can be considered less risky than fiat cryptocurrencies such as Bitcoin (BTC). BCBS has so far taken a hard line on cryptocurrencies, recommending a maximum risk weight of 1,250% for publicly traded digital assets such as Bitcoin. This means that banks must issue capital commensurate with their risk. Additionally, banks cannot allocate more than 2% of their core capital to these risky assets. However, cryptocurrencies with “effective stabilization mechanisms,” such as stablecoins,…
Author: Crypto Flexs
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The price of Arcblock rose by more than 80% in the past day, reaching a high of $0.31 before falling to $0.25. The price of Arcblock (ABT) surged more than 80% in just 24 hours today, rising from $0.17 to an intraday high of $0.3133 before falling to $0.2527 as of press time. This is an increase of approximately 50% over the same period. ABT’s trading volume also surged more than 820%, reaching $12.8 million in the last 24 hours compared to $1.39 million the previous day. However, the project’s official General market momentum may be contributing, as the overall…
Fnality, a London-based blockchain payments company, today officially launched the first phase of real-time transactions using digital representations of funds held in UK banks.In a statement shared with The Block, Fnality said it has launched the Sterling Fnality payments system with participation from Lloyds Banking Group, Banco Santander and UBS.The system “combines for the first time the safety and institutional quality of central bank funds in a structured wholesale payment system with the innovative capabilities and resilience of blockchain technology,” the company said.Fnality added that the initial live trading “demonstrates the first foundation of a broad, multi-jurisdictional vision” and enables…
Gemini Earn creditors are furious over a proposed restructuring plan that would effectively reduce promised Bitcoin (BTC) payouts to around 30% of their value at current market rates. In a post by Under the proposed plan, creditors would receive a payment equal to their cryptocurrency savings balance as of January 19, 2023, the date Gemini’s cryptocurrency lending partner Genesis Global Capital filed for bankruptcy.Some observers, including Bloomberg exchange-traded fund analyst James Seyffart described the plan as “cruel” given the rise in the prices of Bitcoin and Ethereum.ETH) was only $20,940 and $1,545 at the time. The assets have since soared…
join us telegram A channel to stay up to date on breaking news coverage InsideBitcoins regularly provides summaries of: Best Cryptocurrencies to Buy NowConsidering the recent price-performance ratio. The total market capitalization of the cryptocurrency market reached $1.6 trillion, up 1.64% intraday. However, the 24-hour trading volume decreased slightly by -0.01% over the same period to $236.75 billion. Best Cryptocurrencies to Buy Now cryptocurrency It’s been quite a roller coaster ride this year, and Bitcoin remains firmly above $41,000 despite recent declines. Last week, Bitcoin briefly hit $44,000 on the back of good consumer price index (CPI) data. Other cryptocurrencies…
Interview with Tom Lyons We don’t typically associate companies like Shell with blockchain. How long has Shell been involved in this field? Shell has had a blockchain team since 2016. We are one of the first energy companies to get involved in this space. We are founding members of the Energy Web Foundation and have chaired various blockchain initiatives in the energy sector. Shell has been engaged in exploring how blockchain and Web3 can be applied as solutions to a variety of challenges, particularly in the context of the energy transition to low-carbon and sustainable energy systems. What was your…
A groundbreaking alliance between Microsoft Corporation and the American Federation of Trade Unions (AFL-CIO) has been revealed. In a rapidly evolving technological landscape, the purpose of this partnership is to explore and shape the integration of artificial intelligence (AI) in the workplace. This will enable AI to meet the needs of workers and influence public policy. The goal of a groundbreaking collaboration between tech giants and major labor unions is to start an open conversation about artificial intelligence. We focus on anticipating workers’ needs and incorporating their perspectives into the process of developing and implementing artificial intelligence technology. The partnership’s…
Ethereum price is recovering losses above $2,220. ETH could gain bullish momentum if it breaks clearly above the $2,285 resistance level. Ethereum began a new rise above the $2,180 and $2,200 levels. The price is trading above $2,220 and the 100-hour simple moving average. On the ETH/USD hourly chart (data feed via Kraken), a breakout occurred above the main bearish channel with resistance near $2,215. A close above $2,285 and $2,300 could start a strong rally for the pair. Ethereum price gains strength again Ethereum price remained above $2,100. ETH formed a base and, like Bitcoin, could begin a recovery…
BingX Launches JITO Coin $JTO and Ordinals $ORDI – Chainwire housenewsroomBingX launches JITO coin $JTO and ordinal $ORDI We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for the legitimate…
Luxury dry gin brand Coladka has partnered with Moonbirds, the team behind the popular blue-chip non-fungible token collection Moonbirds, to launch NFT branded dry gin. Luxurious Moonbirds alcoholic beverages are now available to order online in 34 states. Coladka launches NFT brand zines using Moonbirds In a December 14 blog post, Moonbirds CEO Kevin Rose confirmed that the company had partnered with Coladka to launch a non-fungible token branded alcoholic beverage. The drink appears a few days before the highly anticipated Christmas and New Year festivities. I must say, @DrewBarman They produce some really fantastic gins here. I encourage you…