DeFi’s ‘Severe Threat’ Needs New Kind of Regulation, EU Commission Told

“DeFi tools hold a credible promise for new forms of financial services adapted to a globalized, competitive, fair and digital economy,” Roukny, an assistant professor from Leuven University, said at a commission webinar Friday, after issuing a report on DeFi to the body. “At the same time,” he added, “severe threats to consumers, producers and the economy at large accompany this opportunity.” Original Source CommissionDeFisKindRegulationSevereThreatTold CryptoX Portal

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Interpol Launches Police-Focused Metaverse – Bitcoin News

Interpol, the International Criminal Police Organization, has announced the launch of the supposed first police metaverse experience. This new virtual world, which allows users to visit the offices of the institution in Lyon, aims to advance the understanding of metaverse-related crimes and opens the possibility for users to receive training in different areas. Interpol Launches Metaverse World The metaverse is being harnessed for more than just recreational and commercial objectives. Interpol, the International Criminal Police Organization, has announced the launch of what is claimed to be the first police-focused metaverse…

Messaging App Telegram to Auction Usernames on TON Blockchain

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. 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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

a Knowledge Community DAO Platform for Professionals – Press release Bitcoin News

press release PRESS RELEASE. DemandCircle is delighted to announce the official launch of Eunoia, Web 3.0’s very own decentralized business knowledge platform. With the goal of bringing industry professionals together in expertise-centric communities, Eunoia incentivises meaningful participation with rewards in the platform’s native token. Eunoia’s end goal is to become a DAO (decentralized autonomous organization) whereby the community members can guide the evolution of the platform towards a native web3.0 knowledge sharing community for business professionals. Web 3.0 and the Eunoia’s Vision Inclusion, open participation, and permissionless development form the…

Hong Kong reportedly wants to legalize crypto trading

Hong Kong is taking action to regain its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. A city and special administrative region of China, Hong Kong is willing to distinguish its crypto regulation approach from the blanket crypto ban in mainland China. The government of Hong Kong is considering introducing its own bill to regulate crypto in its own China-free way, according to Elizabeth Wong, head of the fintech unit at the Securities and Futures Commission (SFC). One of the SFC’s initiatives…

Billions lost in crypto market crash as Bitcoin hits lowest point in years | 9 News Australia

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In just 24 hours, billions of dollars have been wiped off the cryptocurrency market in a crash that has seen Bitcoin plummet to its lowest in years. Subscribe and 🔔: | Get more breaking news at 9News.com.au: ► 9News Lunch Podcast | Listen Weekdays at 12.30pm AEST: FOLLOW 9News Australia ► Facebook: ► Twitter: ► Instagram: Join 9News for the latest in news and events that affect you in your local city, as well as news from across Australia and the world.…

Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners

Energy problems in North America and Europe and prevailing market conditions have spelled another bleak quarter for Bitcoin (BTC) mining operators on both continents. The latest Q3 mining report from Hashrate Index has highlighted several factors that have led to a significantly lower hash price and higher cost to produce 1 BTC. Hash price is the measurement used by the industry to determine the market value per unit of hashing power. This is measured by dividing the dollar per terahash per second per day and is influenced by changes in mining…

Global recession may last until near 2024 Bitcoin halving — Elon Musk

Bitcoin (BTC) may spend the time until its next block subsidy halving battling recession, Elon Musk suggested. In a tweet on Oct. 21, the Tesla CEO revealed his belief that the world would only exit recession in Spring 2024. Musk: Recession will “probably” stay until Q2, 2024 After the United States entered a technical recession with its Q3 GDP data, debate continues over how much worse the scenario could get. For Musk, while long predicting the U.S. economy would enter recession, the likelihood of a global downturn lingering is now…