“The Committee plans to publish another consultation paper over the coming month, with a view to finalizing the prudential treatment around the end of this year,” it said. Since 2008, the Basel-based organization has steadily toughened banks’ capital requirements to avoid a repeat of the financial crisis. Source
Liquidating the digital asset firm’s position was a “humbling lesson,” the CEO said. Source
In a new consultation paper published on Tuesday, the Treasury of the United Kingdom proposed a new set of regulatory changes for the stablecoin industry. In its report, the Treasury highlighted the importance of stablecoins in innovation but also noted their ability to impact financial stability should systemic failures occur. Specifically, the Treasury called for: The appointment of the country’s Financial Market Infrastructure Special Administration Regime (FMI SAR) as the primary entity to address the potential systemic failure of digital settlement asset (DSA) firms. DSAs include, but are not limited…
Suarez: You know people ask me the same thing about bitcoin, the fact that it’s lost more than 50% of its value, but that doesn’t change my feelings about the fundamental technology. For me, what was interesting about MiamiCoin was the idea that a percentage of the mining revenue would go to the city. I just think that’s a novel idea. Whether the tokenomics work is a much more complicated macro issue. Ironically, the stacks that we have earned, or that are put in a digital wallet for the city,…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🚨ALERT! 🚨 URGENT! BIGGEST TRANSFER OF WEALTH SOON! Who wants to 🚀🚀🚀🚀🚀 their Crypto Portfolio??? Check out my Exclusive Community 💰💰💰 over at Patreon – It’s an awesome place with added benefits for you guys where we can chat and you can get buy/sell alerts, exclusive content, and a Discord support group. Once again thank you guys for your support! We go over what’s happening to the crypto market right now and what to expect for the near future!!! Wants to Make…
Bitcoin (BTC) fell in line with United States equities on May 31 as the return of Wall Street began with a whimper. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks take BTC price south again Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to near $31,000 at the start of trading after markets returned from a public holiday. The move reflected those of stocks indices, with the S&P 500 losing 1.1% at the open and the Nasdaq Composite Index trading down 1%. With volatility in evidence, preexisting suspicions over…
For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in ‘Extreme Fear’ Approximately 45 days ago, the Crypto Fear and Greed Index (CFGI) hit the “extreme fear” range with a score of 22. That day, on April 15, the 24-hour bitcoin price range was between…
“We believe in the work that the Aptos Labs team is doing to build a safe and scalable layer 1 blockchain,” PayPal Ventures Investment Partner Amman Bhasin said in a statement. “With the promise of improved reliability and security, faster transactions, and lower fees, the Aptos blockchain is designed in a way that makes it both conducive to building new rails and compelling to corporate clients and crypto-native developers.” Source
In the precariousness of Web3 open-source code, iterative development and “move fast” ethos, things break. And through breaking, things are also made. A new project allows anyone to create a copy of someone else’s NFT, aptly named “Mimics.” But how does Mimics work, and what does it mean for the NFT art market to have a new variety of fakes? And will it result in token standards being upgraded and improved? I met the anonymous founder of Mimics in a “Web3” office that was brimming with software developers writing lines…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, CNBC’s Kate Rooney speaks with Ark Invest CEO Cathie Wood on her crypto outlook, the prospect of regulation from Washington, and why she thinks bitcoin prices could scale to $1 million by 2030. Rooney also takes a look at how Miami is…