Day: June 9, 2022

Tether deploys new USDT token on the Tezos blockchain

Leading cryptocurrency stablecoin Tether has announced the launch of a new asset, Tether (USDT) tokens built on the Tezos blockchain, and with the ambition of expanding their digital footprint across the digital payments and decentralized finance (DeFi) sector. According to the press release, “USDT on Tezos will power revolutionary applications across payments, DeFi, and more.” In conversation with a Tether representative, greater context was provided as to the intended utility of Tether tokens: “Tether tokens are not an investment but a utility for engaging in internet commerce, combating volatility, and providing…

MIT Media Lab Cryptocurrency Online Short Course | Trailer

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Watch this trailer for the Cryptocurrency online short course from the MIT Media Lab. This six-week program provides you with the critical reasoning skills and crypto literacy to demystify the real-world functionality of cryptocurrency and its economic implications. Guided by crypto experts and the MIT Media Lab’s Digital Currency Initiative, you’ll develop the ability to assess the viability of crypto projects, and understand the opportunities and challenges associated with these new technologies. Visit the course page for more information: ______ GetSmarter™, a…

Lithuania aims to tighten crypto regulation and ban anonymous accounts

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In its efforts to fight money laundering risks and the possible schemes of Russian elites circumventing financial sanctions, the 2.8-million nation of Lithuania is planning to tighten its scrutiny over crypto.  As the local Ministry of Finance announced on Wednesday, June 8, various ministries of the Lithuanian government approved legal amendments to anti-money laundering (AML) and countering the financing of terrorism in the crypto sector. The amendments to the current law — should they later be approved by the Seimas, Lithuania’s legislature — would stiffen the guidelines for user identification…

Colombia Takes First Steps Toward Regulating Cryptocurrency Exchanges – Regulation Bitcoin News

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The Congress of Colombia has approved a bill that regulates the behavior of cryptocurrency exchanges in the country in its first discussion, taking the first steps to bring clarity to this issue. One of the creators of the bill, Mauricio Toro, a representative of the Green Party, stated that this bill is needed to protect users from Ponzi schemes, giving them security in the crypto world. Colombia Gets on the Crypto Regulation Road More and more countries in Latam are realizing the growth and influence crypto and crypto-related…

Chainlink Price Surges As The Team Releases New Staking Roadmap

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Following the release of its staking roadmap, Chainlink’s LINK native token performed quite impressively. First, it released its long-awaited roadmap revealing various phases it will go through. Recently via blog post on its official website, Chainlink cited “Chainlink Economics 2.0.” The blog highlighted the aim to implement crypto staking to scale the network. While doing so, the post emphasized that the data oracle is planning to collaborate and accept other blockchains to offer “growth and security.” New Staking Roadmap Dubbed Chainlink Economics 2.0 Staking the LINK token has been a…

Community celebrates as Ropsten testnet merge goes live

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The Ethereum blockchain recently completed a step toward the long-awaited upgrade that will improve the platform by switching to a proof-of-stake (PoS) consensus. The Ropsten testnet successfully transitioned to PoS in what is dubbed a “dress rehearsal” for the Ethereum blockchain.  Since the network uses the proof-of-work (PoW) mining model, which consumes a lot of electricity, the Ethereum platform is often criticized along with Bitcoin (BTC) over its environmental impact. With the shift to PoS, the energy issues will be addressed and the platform will become more scalable, being able to…

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Bitcoin will finish 2022 ‘flat, possibly up’ says analyst as Saylor bets on $1M BTC

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Bitcoin (BTC) retains two of its best-known proponents but one has cooled his BTC price forecasts considerably. In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed he was unsure if BTC/USD would end the year above its starting price. Lee suggests market has “already bottomed” Bitcoin price projections for 2022 have plummeted as macro pressures combine with black swan events such as the Terra LUNA implosion to send sentiment to near record lows. While many argue that a capitulation event will enter…

Legal troubles mount for Terraform Labs as Seoul police investigate

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Terraform Labs, the parent company behind the collapsed Terra ecosystem, is currently under multiple investigations from the South Korean authorities. The latest investigation revolves around the alleged embezzlement of Bitcoin (BTC) from the company’s treasury. According to a report published in a local daily, the Seoul Metropolitan Police Agency received an intelligence tip last month informing them of possible embezzlement of BTC by one of the employees of the firm. The police stated that the investigation into the alleged embezzlement of BTC from the company’s treasury had no direct connection…