Day: March 5, 2023

Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review – The Weekly Bitcoin News

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Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge, and SEC Chairman Gary Gensler has tossed in his two cents about why he views all crypto tokens other than bitcoin as securities. This and more, are just below in the latest Bitcoin.com News Week in Review. Economist Peter Schiff Warns the Fed…

Teejay – Bitcoin (Audio)

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ERC-4337 launched to drive adoption, Arbitrum CTO talks about layer-2 scaling

Per recent updates, the ETH Denver event is in progress with even more announcements and features being released to the crypto community.  ERC-4337 launched Ethereum has for years supported three different iterations of smart contracts, that is, ERC-20, ERC-721, and ERC-1155. However, at this year’s ETH Denver, a new class of ERC-20 tokens was launched, ERC-4337. Reports suggest that ERC-4337 aims to bring a new solution of providing investors with accounts that can be easily managed, offering bank-like features. It is reported that this standard would allow investors to set limits for…

Reserve Bank of Australia Unveils Proposed CBDC Use Cases – Featured Bitcoin News

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The Reserve Bank of Australia said on March 3 that it has selected 14 digital currency proposed use cases from a large number of submissions obtained from industry participants. An assistant governor at the RBA, Brad Jones, said the Aussie central bank is encouraged by the composition of providers that have been “invited to participate in the live pilot.” Collaboration Between Industry Participants and the Central Bank The Australia central bank, which has been exploring the benefits of central bank digital currency (CBDC), recently announced the digital currency’s proposed use…

Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges

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Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors move funds to and from exchanges, Binance reminded users about how peer-to-peer (P2P) services come in handy when trading cryptocurrencies. Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience. Michael Chobanian, the founder of local crypto exchange Kuna, acknowledged the service disruption. However, he said he would explain…

Tether companies allegedly used fake documents to access banking services

Some companies behind Tether (USDT) reportedly used fake paperwork and shell companies to get bank accounts after the stablecoin’s then-banking partner, Wells Fargo, halted services for several of Tether’s Taiwanese accounts. A Mar. 3 report from the Wall Street Journal (WSJ) has alleged that Tether, in conjunction with a major Chinese crypto broker, used forged documents, shell companies, and shady intermediaries to open bank accounts in 2018. Tether has dismissed the WSJ’s report, calling it “wholly inaccurate and misleading.” The company’s CTO, Paolo Ardoino, tweeted a flippant response to the allegations, calling…

Decentralized Exchange Pancakeswap to Launch Version 3 Iteration in April – Defi Bitcoin News

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On March 4, the decentralized exchange Pancakeswap announced that the team plans to launch its version three (v3) iteration of the platform during the first week of April 2023. Pancakeswap v3 will provide new features and improve liquidity alongside enhancements in interface accessibility and the decentralized exchange (dex) platform’s yield farming experience. Pancakeswap Announces Version 3 Launch Date Pancakeswap, the multichain dex platform, announced the launch of the program’s third iteration, called Pancakeswap v3. The application is set to go live during the first week of April on the Binance…