The policy research director at the Digital Dollar Project said that the Federal Reserve is waiting for Congress to initiate legislation on CBDC, for them to proceed further. A number of central banks across the world have been working on central bank digital currencies (CBDCs), however, the US Federal Reserve has been a bit slow in this regard. While there’s been no major news with respect to the Digital Dollar recently, things do seem to be moving ahead. Michael Greco, policy research director at the Digital Dollar Project recently said…
Day: December 29, 2022
Gemini Sued Over Interest-Earning Produc
Crypto exchange Gemini is being sued by investors over the sale of its interest-earning crypto products, court filings from Tuesday show. The exchange abruptly halted its Gemini Earn program in November, “effectively wiping out” investors who still had holdings, according to the court filing. The investors say Gemini’s Earn program – which offered interest of up to 7.4% to customers for lending their crypto assets – didn’t register those assets as securities in accordance with U.S. law. They are seeking a trial by jury, according to the complaint. Source
Dogecoin Breaking Past This Key Barrier Could Spell A 10% Spike For DOGE
Dogecoin (DOGE) is one of the meme coins that is often underestimated, primarily because of its extremely high volatility and low utility value. DOGE has trimmed off 8% of its value Dogecoin bulls aim to trigger price rally DOGE among most searched crypto DOGE has sloughed roughly 8% off the coin’s value in the last week, which plunged from $0.07751 to $0.06932. On the brighter side, bulls could trigger a price rally towards $0.07752. According to data by Coingecko, DOGE price has nosedived by 0.5% in the last 24 hours,…
Blockchain analytics unable to prevent FTX-level illicit schemes
Data transparency has been a focal point for the crypto industry, but the FTX fiasco has shown that centralized exchanges (CEX) are not transparent enough. So far, crypto analytics firms are apparently not capable of tracking transactions to prevent collapses like FTX. All Bitcoin (BTC) transactions are available publicly on-chain, which enables tracking such transactions when sending crypto from one address to another. However, this is not the case when it comes to interacting with a centralized crypto exchange. Cointelegraph spoke with executives at blockchain intelligence firms, including Chainalysis, Nansen…
Top & Bottom Performers, Ferrari Takes Lead to
Traditional automaker Ferrari surprisingly came out at the top of auto stocks for 2022, beating out EV companies. Amid the selling pressure in the tech space that characterized much of 2022, top-performing auto stocks were those with the lowest decline. Some auto stocks outperformed others this year because they escaped the worst of 2022’s selling pressure. However, the best-performing auto stock for the year was not from the emerging EV industry but rather the fossil-fueled Ferrari. Several once-promising EV startups constituted the biggest losers of 2022 due to capital hurdles or production scale…
XRP Lawyer Says SEC Chair Gary Gensler Will Drive Crypto Prices Lower With Future Lawsuit Against an Exchange
Attorney and XRP supporter John Deaton thinks Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), will pursue more regulatory action that will drive crypto prices lower. Deaton says he expects Gensler to sue a crypto exchange and argues that most of the exchange’s tokens are unregistered securities. Consequently, he believes crypto prices could plummet even further, allowing traditional financial institutions like Goldman Sachs or JPMorgan Chase to buy up shares in the sector. “I’ve been saying for a year that this was the plan. Once the market…
What is Hedera Hashgraph? | CCG
Hedera Hashgraph is a decentralized public network that uses a novel consensus algorithm called hashgraph to achieve high transaction throughput and low latency. It was developed by Swirlds, a company founded in 2016 by Dr. Leemon Baird, the inventor of the hashgraph algorithm. The Hedera network was officially launched in September 2019. The hashgraph algorithm is based on a directed acyclic graph (DAG) data structure and uses a distributed ledger technology (DLT) that is different from the traditional blockchain used by most cryptocurrencies. It achieves consensus through a combination of…
The Crypto Market and Altcoins Will Skyrocket After The Bitcoin Halving
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join our Exclusive Crypto and Stock Market Content on Patreon: Some guy saying it’s weird of me to buy low and sell high: My prediction of the bitcoin 2021 peak (before it happened) and 2022 crypto crash warning (before it happened): Get up to 12 Free Stocks valued between $34 and $30,600 when you open and fund a new Stock Account: The best way to support our channel is to share this video on your social media to spread awareness. We appreciate…
FTX Faces Class-Action Lawsuit from Customers Who Claim Right Over Exchange’s Assets
The plaintiffs have argued that the customers of FTX have the first right over the exchange’s frozen funds, in an attempt to get their money back. The collapse of the crypto exchange FTX-led to more than a million active customers losing their digital asset holdings. These customers have now come forward filing a class-action lawsuit against the exchange in an effort to their money back first. Class-Action Lawsuit Four individuals have filed a class action lawsuit demanding priority access to the frozen funds. They are now seeking a declaration that…
BMW taps Coinweb and BNB chain for blockchain loyalty program
German car manufacturer BMW plans to integrate blockchain technology into its daily operations and create a blockchain loyalty program for its customers in Thailand. The popular carmaker has onboarded blockchain infrastructure firm Coinweb as its decentralized architecture provider and BNB Chain for settling transactions. The integration of blockchain technology into BMW’s workflow will take place in two phases. First, the decentralized tech will be integrated into BMW’s daily operations with the goal of automating time-consuming manual processes and streamlining the company’s automobile financing services. The second phase of the project…