A set of rulebooks published by the Virtual Assets Regulatory Authority lays out requirements for crypto firms covering everything from issuance and exchange services to advertising. Source companiesCryptoDubaiLicensingMandatesRegulatoryrequirementsSets CryptoX Portal
Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this … read more. Original
One reasonable criticism of bitcoin’s security model is the lack of miner revenue attributable to fees, the note said. Currently, most of the security budget paid to miners to secure the network comes from the block subsidy. The blockchain needs to figure out a way to “create a sustainable demand for blockspace or hope that non-economic miners commit to securing the network,” the note added. Original
Statistica Capital, an algorithmic trading firm, and Statistica Ltd. claim the bank “had actual knowledge of and substantially facilitated the now-infamous FTX fraud,” according to a filing in the U.S. District Court for the Southern District of New York dated Feb. 6. “In particular, Signature knew of and permitted the commingling of FTX customer funds within its proprietary, blockchain-based payments network, Signet.” Source
“We’re very supportive of the regulation and the regulators looking at regulation of crypto, our focus will always be about customer outcomes in that context,” said Charlie Nunn, CEO of Lloyds Bank. “I don’t think Lloyds Banking Group will want to be promoting cryptocurrencies, but we do want to make sure that, if our customers choose to put money into cryptocurrencies, it’s as safe as can be.” Source
MetaMask Snaps aims to facilitate a “multichain future,” allowing the Ethereum-based wallet service to support non-native blockchains and tokens for the Web3 economy. Details of the latest in-development addition to MetaMask’s growing ecosystem were unpacked at the StarkWare Sessions event in Tel Aviv, Israel, in Feb. 2023. Speaking to Cointelegraph Magazine editor Andrew Fenton, Alex Jupiter, the senior product manager at MetaMask Snaps, revealed details about potential blockchain synergies. The last 18 months have seen the development of Snaps speed up after the success of MetaMask Swaps, which brought token…
Sam’s Club, an American chain of membership-only retail warehouse clubs that is owned and operated by Walmart Inc., is now jumping into the digital and blockchain bandwagon by filing for crypto and NFT trademarks. Sam’s Club is now treading the crypto waters as the retailer recently offered healthcare services that cater to the augmented reality and virtual space. The popular retailer filed a couple of trademarks that will allow it to manage NFTs, offer digital goods, and also provide crypto-based software. Walmart Subsidiary Sam’s Club Links With Blockchain Sam’s Club,…
Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn satoshis — the smallest fraction of Bitcoin (BTC) — based on post engagement on the platform. In a tweet, the Damus team highlighted that there will be a feature that allows users to earn satoshis in the next version that’s “coming soon.” The team did not provide any details after the announcement. Coming soon in the next version… earn sats directly on posts! This post earned 118k sats which is about $40. Pretty…
Bitcoin price is yet to give clear technical information on the next trend whatsoever, despite a 6 percent deep in the past week. For the first time since the year began, the price of Bitcoin seems to have lost its rising momentum and had a bearish weekly bar after hitting $24k and closing below $23k. Short-term holders and Bitcoin miners have been observed taking profits in the past few weeks after a painstaking year-long bear market. Nonetheless, long-term holders continued to stash more coins as reported by the on-chain intelligence…
Huobi Global adviser Justin Sun explained the token offering in a tweet last week. “FUD token provides creditors with a new level of liquidity, allowing them to trade their FTX debt on the open market,” Sun said, adding it “has been confirmed” through a contract provided by DebtDAO that the debt is in the tens of millions of dollars. Source