Elsewhere, differences of opinion emerged at the G20 meeting earlier this year, particularly among emerging economies, over concerns about the disruptive potential of stablecoins for national monetary policies. This has led to the need for a rigorous regulatory framework, reflecting the need to balance financial innovation with national economic safeguards. Last October, the G20 adopted the Cryptocurrency Roadmap to align the global policy framework for cryptocurrency assets, including stablecoins, which will also take into account the impact on emerging markets.
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The cryptocurrency industry is gearing up for the 2024 US elections and is raising $78 million to support cryptocurrency-backed candidates. Fairshake, a Super PAC registered with the Federal Election Commission (FEC), is leading this initiative with notable contributions from industry leaders and corporations. Supporters include Andreessen Horowitz, Ark Invest, Coinbase, and Ripple. The goal is to support leaders who advocate for U.S. cryptocurrency and blockchain innovation and responsible regulation.Industry leaders and companies unite:Fairshake’s war chest receives donations from influential figures and organizations within the cryptocurrency space. Notable backers include venture capital firms Andreessen Horowitz, Coinbase and CEO Brian Armstrong, as…
Posted 1 minute ago In ~ Cryptocurrency exchange Coinbase has secured approval as a virtual asset services provider by obtaining registration with the French market regulator, CNBC reported.The VASP registration will allow the company to manage digital assets, buy or sell digital assets with fiat currency, and trade digital assets with other digital assets, CNBC said, citing a statement Thursday.Earlier this month, Coinbase’s plans to grow outside the U.S. took a step further by allowing non-U.S. institutions to use the cryptocurrency exchange for spot trading. The company’s international arm, which began offering derivatives trading to institutional clients outside the U.S.…
reporter Posted on: December 22, 2023 BNB price hit its highest point in April 2023 and its lowest point in October 2023. BNB rose more than 3% and market indicators looked optimistic. 2023 was an eventful year BNB Chain (BNB) has launched several notable projects. While the blockchain has witnessed several developments in 2023, BNB Chain has now presented its 2024 roadmap, highlighting the projects in its pipeline. A look at the BNB chain in 2023 BNB Chain recently published: blog We highlight achievements in 2023. Most notable was the launch of opBNB. First of all, opBNB is an open…
According to FOX Business’ Eleanor Terrett and Charles Gasparino, the U.S. Securities and Exchange Commission (SEC) convened today with applicants seeking approval for a Bitcoin spot exchange-traded fund (ETF), making an important development.Terrett said a source present at the meeting said the SEC was “making sure everyone is generating cash” and had “asked issuers to remove any hint of in-kind redemptions from their filings.” This meeting is of utmost importance amid ongoing discussions and evaluations regarding the approval of the ETF.Terrett’s post hinted at the collaborative nature of the meeting, suggesting an effort to get all stakeholders on the same…
In recent years post At X, independent Ethereum educator Sassal is doubling down on Ethereum (ETH). The angel investor said that based on current market sentiment, there are signs that the “death of ETH” narrative is losing steam. This is why, in Sassal’s view, more ETH is purchased ahead of the expected bull market. Ethereum Bulls Confident, ETH Resistance $2,400 Independent Ethereum educators taking an optimistic stance appear confident that Ethereum’s fundamentals are strong. More importantly, the analyst is confident that the network is well-positioned to capitalize on the growing demand for protocols, including those providing decentralized finance (defi) and…
Lately, seasoned financial analyst and trader Peter Brandt has been speaking increasingly on cryptocurrency assets, with a particular focus on Bitcoin and Ethereum. On December 21, 2023, Brandt reaffirmed his position on the Bitcoin rewards halving scheduled for April 2024. He argues that halving is overly sensationalized and will only have a temporary effect on the price of Bitcoin. Veteran trader Peter Brandt dismissed the Bitcoin halving buzz as overblown frenzy. At the end of July 2023, Peter Brandt had already communicated his views, dismissing the upcoming Bitcoin halving as an unimportant “non-event”. He reiterated this view on Thursday when…
Haun Ventures, a digital asset investment firm led by former U.S. federal prosecutor Katie Haun, is expanding its policy-focused advisory team to startups as its chief policy officer steps down. Block confirmed.Tomicah Tillemann, who previously served as head of global policy at a16z, will leave her full-time job and join the nonprofit next year. According to his biography, Tillemann is best known for his work in Washington, both at the White House and throughout U.S. Senate and congressional campaigns. He joined the State Department in 2009 and served as a speechwriter for then-Secretary of State Hillary Clinton. Despite these changes,…
Financial fraud has been a part of the trading business since its inception. If you were unfortunate enough to be on the wrong side of an insurance contract with Hegestratus, he would have you insure the cargo of corn on his ship. He would then remove the corn, sell the corn, sink the ship, and collect his payment. The year was 300 B.C. Hegestratus was caught in the act and drowned after being chased by his angry victims. This represents the limitations of the times. Hegestratus had to carry out the fraud himself. In the digital age, fraud has become…
Ethereum developers tentatively decided on January 17, 2024 for the first testnet deployment of the upcoming “Dencun” upgrade at their latest bi-weekly development meeting on December 21.The ‘Dencun’ upgrade, originally scheduled for the fourth quarter of 2023, was postponed to 2024 due to engineering complexity.Tim Beiko, head of protocol support at the Ethereum Foundation, noted that the date is not set in stone and could change if major issues arise. The team aims to release a blog post detailing the fork the week of January 8, 2024, giving stakeholders a week to prepare for the update.Dencun Upgrade TimelineThe meeting presented…