“I think that was a great win for the industry. I’ve lobbied for this and I know some of my clients have, industry bodies have and I think we got exactly what we asked for,” said Diego Ballon Ossio, a senior associate at U.K.-based law firm Clifford and Chance. Ian Taylor, director at lobby group CryptoUK and Mark Aruliah, senior policy adviser at Elliptic echoed this. Source
The RBI is yet to announce when and whether the Digital Rupee will be launched for general use. India’s largest retail chain, Reliance Retail has added support for the country’s Central Bank Digital Currency (CBDC) dubbed the Digital Rupee. As reported by TechCrunch, the company said it had partnered with ICICI Bank, Kotak Mahindra Bank, and fintech firm Innoviti Technologies to launch in-store support for the digital rupee. The Indian CBDC is still in its trial stages after the Reserve Bank of India (RBI) made the announcement last year. The…
“I lived through the financial crisis as COO of a $1 billion hedge fund, we did diligence on Morgan Stanley, Goldman Sachs, BNY Mellon, Lehman Brothers, and we stayed out of Lehman because of the inherent risks and didn’t get caught in the bankruptcy,” he said. “Crypto people need to apply the same thinking in times of stress.” Source
The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto. In an op-ed article in The Wall Street Journal, the 99-year-old investment veteran has once again slammed crypto, calling a cryptocurrency a “gambling contract with a nearly 100% edge for the house.” Munger also said that a cryptocurrency is “not a currency, not a commodity, and not a security,” adding that “obviously” the U.S. should enact a new federal law…
‘Snow Crash’ by Neal Stephenson Neal Stephenson’s science fiction novel Snow Crash predicted the Metaverse in 1992. This cult book has the amusingly-named Hiro Protagonist running around in an artificial cyber world, trying to stop a virus that wipes minds, aided by his hacker friend Y.T. Reality is a place to escape from, a neoliberal future wrecked by hyperinflation and inequality and run by corporations and gangsters and insane bureaucracy. In many ways, the book is horribly prescient. (It’s also horribly written in places, more like an info dump than…
Senator Tim Scott, the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according to Politico. Source BankingCommitteeCryptoDevelopingFrameworkPrioritiesRegulatoryReleaseReportSenate CryptoX Portal
As a trader, it’s important to understand the various factors that can influence the price of an asset. For those interested in Bitcoin, it’s worth considering the potential relationship between the cryptocurrency and the DXY, a popular index that measures the value of the US dollar against a basket of other major currencies. First, let’s briefly review what Bitcoin is and how it works. Bitcoin is a decentralized digital currency that uses cryptography for security and is not backed by any central authority, such as a government or bank. Transactions…
Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be on the cards. Ethereum also rallied, with prices nearing $1,700. Bitcoin Bitcoin (BTC) rose to a six-month high on Thursday, with prices climbing above $24,000 for the first time since August. The move came as the Federal Reserve opted to increase interest rates by 25 basis points in its latest…
Scott, the top Republican on the Senate Banking Committee, will release his priorities for a bipartisan regulatory framework for cryptocurrency on Thursday, according to Politico. Source
LLVM, which stands for “low-level virtual machine,” refers to a set of open-source code libraries that developers use to “compile” their human-readable code into a format that can be interpreted by a computer. Building off the LLVM project, “we built a compiler from mainstream languages that are already known to everybody” =nil; founder Mikhail Komarov told CoinDesk. Source