Day: December 19, 2022

Basel Committee Finalizes Rules for Bank Exposure to Cryptocurrency Assets – Regulation Bitcoin News

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The Basel Committee, the organization in charge of setting global bank standards, has finalized its new rules related to banks and cryptocurrency exposure. The document establishes two different crypto asset classes, including tokenized real assets and stablecoins in one, and other cryptocurrencies in another, discriminating on the collateral and quantity that banks might hold for each one. Basel Committee Defines Final Rules for Crypto Exposure As banks have stepped into the realm of cryptocurrency services, standards organizations are now defining the ways in which traditional financial institutions will be able…

Tron Snags 2nd Place In TVL

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The native currency of the Tron network, TRX, is one of the few cryptocurrencies in the current altcoin market to experience a price hike. As of this writing, TRX has gained 0.2% on a daily basis, with a 6.1% increase seen on a monthly timeframe. A recent development might have something to do with this, as it pertained to the TRX environment. According to a tweet, the ecosystem has reportedly passed Binance’s BSC to become the No. 2 cryptocurrency in terms of total value locked. Despite this progress, the price…

Bitcoin Holds $16,700; Grayscale May Return Some Capital

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Besides the macroeconomic headwinds, when it comes to crypto, there are two main concerns at the moment: Binance and DCG. The situation surrounding Genesis Trading, Digital Currency Group (DCG) and Grayscale, which is still unresolved after a month, is depressing the market sentiment around Bitcoin. As reported by the Wall Street Journal, information has now leaked out again which might be a double-edged sword for investors. Grayscale CEO Michael Sonnenshein said the company would explore new options to return a portion of the Grayscale Bitcoin Trust’s capital to shareholders, as…

What is the relationship between blockchain and Web3?

Cryptocurrencies and blockchain are the building blocks of Web3. However, the decentralized web also relies on technologies like AR, VR, IoT and others unrelated to blockchain or digital currencies. The third generation of the internet, known as Web3, is based on blockchain technology. However, technologies like machine learning, big data, artificial intelligence (AI), the Internet of Things (IoT), augmented reality (AR), virtual reality (VR) and others enable decentralized apps (DApps) to analyze information in a sophisticated human-like manner in a Web3 environment.  For instance, virtual reality headsets will create an…

FAMEEX Partners with BANXA to Expand Crypto Purchasing Options

Place/Date: – December 19th, 2022 at 2:42 pm UTC · 3 min read Source: FAMEEX Photo: FAMEEX Despite the current bear market for crypto, FAMEEX, a secure global cryptocurrency exchange, is pleased to announce the launch of its new feature allowing users to buy crypto with debit/credit card and mobile pay. This new expansion and partnership with BANXA will provide users with more ways to purchase crypto assets, and underscores FAMEEX’s ambitious plans to expand and position itself as a long-term player in the industry. Photo: BANXA FAMEEX is dedicated…

OnlyOrigin Debuted at the Christmas Party with Limited Gold Coins NFT and Pure Gold Coins

Place/Date: – December 19th, 2022 at 2:32 pm UTC · 3 min read Source: OnlyOrigin OnlyOrigin.net, a unique and innovative decentralized NFT trading platform, is celebrating Christmas with a $100,000 prize pool event for all OnlyOrigin users. OnlyOrigin.net is a new decentralized NFT platform. Since its launch, OnlyOrigin has deeply integrated NFT and DeFi into the platform’s operating strategy in a unique and innovative way. It aims to create a gamified NFT trading platform for users who like to explore the universe through games. In December 2022, it decided to…

Axelar launches $60M startup ecosystem program

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The proof-of-stake (PoS) blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 blockchain investors. Dubbed Axelar Ecosystem Startup Funding Program, the initiative was designed to foster the development of Web3 applications addressing global issues that cannot be solved by the centralized internet. To qualify for funding, projects must also safeguard digital sovereignty, security and privacy, and work to onboard masses easily without unnecessary friction between…