Month: July 2022

Terra crash highlights stablecoin risk to financial stability: ECB

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The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system. A section of the report dedicated to stablecoins discussed the central role that it plays in the current ecosystem. Stablecoins are increasingly used to interlink various blockchain networks and play a critical role in offering liquidity to the decentralized finance (DeFi) ecosystem. The report further analyzed whether these stablecoins could find a place in the traditional financial system, but concluded that a…

Want a compelling use case for privacy blockchains? Look no further than dating

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The excitement surrounding Web3 is palpable — and undeniable. Projects are flooding into the space to build cutting-edge versions of the sites and apps served up by centralized Web2 rivals, covering every sector imaginable. But at this point, it’s worth taking a step back and reflecting on the challenges that the Web3 world still needs to tackle. This technology isn’t inherently private — and the transactions bouncing around on blockchains are mostly transparent. Privacy coins, and the anonymizing blockchains they’re normally based on, are normally viewed with suspicion by critics.…

Union Budget 2022: Is 'Cryptocurrency' legal now?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Virtual asset income would be taxed at 30%, according to Union Finance Minister Nirmala Sitharaman, who presented the FY23 Budget to parliament on February 1. On these investments, 1% TDS (tax deducted at source) will be deducted. The tax regime, however, signifies that the government has legalised cryptocurrencies as an asset, according to the experts. PM Modi chaired a meeting on the future of bitcoin on November 13, 2021, and raised the issue of deceptive non-transparent cryptocurrency advertising. 🔴Watch ABP News Live…

NEOPIN signs strategic partnership with Cube Entertainment – Blockchain News, Opinion, TV and Jobs

NEOPIN, a one-stop crypto finance platform and blockchain subsidiary of NEOWIZ Holdings(KOSDAQ: 042420), announced on July 7th that it has signed a strategic partnership with Cube Entertainment (hereinafter “Cube”) to establish a global blockchain ecosystem. The two entities plan to cooperate in all areas of blockchain business and ecosystem through the exchange of information on blockchain technology, cooperation in service development, and marketing campaigns to expand into the global market. Cube, one of the largest entertainment companies in South Korea with top-notch artists such as BTOB, (G)I-DLE, and PENTAGON has…

Crypto Exchange Bitso Launches Remittance Service in Colombia – Exchanges Bitcoin News

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Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service in Mexico last year in partnership with Circle. Bitso Expand Remittances Program to Colombia Exchanges are embracing crypto as a useful tool to transfer value across borders. Bitso, a Mexican-based exchange with operations in several countries in Latam, has announced the launch of a remittance service…

What Happens If a Crypto Platform Such as Coinbase or Celsius Goes Bankrupt? | WSJ

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io When cryptocurrency lending platform Celsius froze user accounts amid a plunge in valuations, it sent ripples across the industry and raised questions about what happens to user assets if a crypto platform files for bankruptcy. WSJ’s Vicky Ge Huang explains. Photo illustration: Jordan Kranse More from the Wall Street Journal: Visit WSJ.com: Visit the WSJ Video Center: On Facebook: On Twitter: On Snapchat: #Crypto #Coinbase #WSJ ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version