Day: November 1, 2021

Cryptocurrency News Today | Why Crypto Market Is Going Down ? | Crypto News Today

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Sorare CEO shares bold vision on NFTs during Web Summit 2021 opening night

Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Thursday. In an opening statement, Carlos Moedas, the mayor of Lisbon, said that “My dream is that Lisbon will be the capital of innovation in the world.” Meanwhile, João Leão, the minister of finance of Portugal, stated: “Portugal is the place to live, to invest, to do business, and to do so in a manner which is open to difference, tolerant and multicultural.” Notable guest speakers included Facebook whistleblower…

eNaira slowly gains traction post-launch amidst glitches

The rollout of the world’s second central bank digital currency, or CBDC, is off to a rocky start. Last week, Nigeria rolled out its eNaira CBDC after the Bahamas became the first country in the world to launch theirs, known as The Sand Dollar, the year prior. In a statement quoted by local news outlet The Nation, Central Bank of Nigeria, or CBN, Governor Godwin Emefiele said “overwhelming interest and encouraging response”. Similarly, President Muhammadu Buhari estimates that the eNaira could generate an additional $29 billion in economic activity over…

Why Stablecoin Regulation Isn’t ‘Urgent’

Stablecoins, such as tether and USDC, are cryptocurrency tokens tied to a basket of assets meant to “peg” each token’s value to a stable currency, such as U.S. dollars. By far the most worrisome element of stablecoins is that the assets backing them are not subject to consistent oversight, raising serious concerns about their quality and, yes, stability. In the event of a broad market downturn, a supposed stablecoin backed by fragile instruments could instead lose value rapidly in the crypto equivalent of a bank run. Source

US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks

The President’s Working Group on Financial Markets, or PWG, has released a report suggesting that stablecoin issuers in the United States should be subject to “appropriate federal oversight” akin to that of banks. A Nov. 1 U.S. Treasury report from the group with the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation said Congress should “act promptly to ensure that payment stablecoins are subject to appropriate federal prudential oversight on a consistent and comprehensive basis.” The government agencies said stablecoin issuers should be held to the same…

Hackers roban identidades con el sistema de verificación de la Chivo Wallet en El Salvador

Cristosal no fue la única ONG que abordó el problema. Acción Ciudadana, una organización sin ánimo de lucro especializada en auditoría social, presentó una notificación a la Fiscalía General de la República (FGR) el 12 de octubre después de que el presidente del grupo, Humberto Sáenz, y el director, Eduardo Escobar, descubrieran que hackers habían registrado sus billeteras Chivo. Source

Mawson Infrastructure Group Lists Mining-Focused ETF in Australia

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source

Pension Funds Wade Gingerly Into Crypto Investments

In the U.K., for example, pension funds hire specialized investment managers to invest on their behalf, with fund trustees unable to participate in the day-to-day management of the fund, Kerrin Rosenberg, CEO of U.K.-based pension management firm Cardano Investment, which is unrelated to the blockchain, told CryptoX. CryptoX Portal

Institutional managers bought $2B worth of Bitcoin in October

Institutional inflows into Bitcoin (BTC) products picked up sharply in October, underscoring renewed bullish sentiment surrounding the flagship cryptocurrency.  Crypto investment products saw inflows totaling $288 million for the week ending Oct. 31, with Bitcoin accounting for $269 million, according to CoinShares’ weekly flows report. Institutional demand for BTC has been picking up gradually over the past few months amid expectations that the United States Securities and Exchange Commission, or SEC, would approve its first Bitcoin exchange-traded fund. Those expectations came to fruition last month with two Bitcoin-linked products hitting…

Cryptocurrency – Easy Malayalam Guide

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io നമസ്കാരം! നിങ്ങൾ കണ്ടുകൊണ്ടിരിക്കുന്നത് മലയാളം ടെക് 🙂 With times changing, the concept of money has also evolved. Crypto currency and Bitcoin trading is the flavor of the market now; however, it is important to understand these terms and have proper knowledge about them to be able to be a part of this side of the spectrum. Join me in this video where I tell you about how money works and how crypto currency works, what are the basics, what people mean when they…