Month: February 2023

The ethics of the metaverse: Privacy, ownership and control

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The metaverse, a virtual environment that simulates reality, offers complex moral dilemmas regarding privacy, ownership and control. These consist of: Privacy: Who has access to and how is personal information used within the metaverse? Ownership: Who owns the digital assets and real estate in the metaverse, and what rights do they have over it? Control: Who oversee activities in the metaverse, and what rules and regulations will be implemented to guarantee fair use and equal treatment for all participants? These are crucial issues to think about as the metaverse expands…

UK think tank launches a crusade against ‘surveillance’ CBDCs

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The U.K. Tax Reform Council has launched a campaign against the Bank of England’s plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system. The freshly formed Tax Reform Council includes monetary economist John Chown, cofounder of the Institute for Fiscal Studies, on its advisory board. The Tax Reform Council believes implementing a CBDC would lead to increased government surveillance, greater intrusion from tax authorities and a heightened risk…

BTC Edges Closer to $22,000 Ahead of US Inflation Report – Market Updates Bitcoin News

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Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500. Bitcoin Bitcoin (BTC) rebounded from recent losses in today’s session, as prices moved closer to the $22,000 level. BTC/USD hit an intraday high of $21,849.01 earlier in the day, which comes after falling to a low of $21,460.09 on Monday. Today’s action saw bitcoin snap…

Institutional Crypto Trading Platform Elwood Technologies Expands Offerings

The collapse of a number centralized platforms in recent months has highlighted the need for risk controls and keeping close tabs on collateral. Elwood’s new offering includes live position and exposure tracking, scenario analysis and collateral monitoring – in other words, said the company, the type of services that will reassure institutional investors in the crypto space. Source CryptoElwoodExpandsInstitutionalOfferingsPlatformTechnologiesTrading CryptoX Portal

Metaverse Platform The Sandbox Is Up on Saudi Arabia Partnership News

LQTY, the native token of censorship-resistant decentralized stablecoin lender Liquidity, surged Monday after the NYDFS ordered Paxos to stop minting BUSD. The token rose 45% to a six-month high of $1.07, registering its biggest single-day percentage gain in at least a year, per data from TradingView. The rally likely stemmed from the Paxos-BUSD drama that triggered fears of a regulatory crackdown on the broader centralized stablecoin ecosystem, with some wondering if Circle’s USDC might be next. If so, the case for decentralized and censorship-resistant stablecoins like Liquity’s LUSD becomes clearer.…

Bain Capital Crypto Backs $4.5M Round for Blockchain Interoperability Startup Orb Labs

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Investors Rush to Tether as Paxos’ BUSD Faces Regulatory Heat, Curve Liquidity Pools Show

The move toward tether might be a surprise because the biggest centralized stablecoin is, perhaps, the most controversial, considering it is unregulated and the lingering lack of transparency about its reserves. On Friday, a New York Judge rejected an attempt by iFinex, cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk’s request for information about the financial reserves backing the USDT token. Source