“We need to harmonize basic requirements for these smart contracts” to ensure interoperability, legal certainty and large scale deployment, said Breton, the commission’s lead official responsible for internal market laws, including for the digital sector. “When we made this proposal we intended to mandate standardization organizations to develop these.” Source
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Billionaire Jeffrey Gundlach, aka the “Bond King,” expects the Federal Reserve to raise interest rates at its March meeting next week, which “would be the last increase,” he said. In addition, Gundlach cautioned: “The inflationary policy is back in play with the Federal Reserve.” Doubleline CEO Jeffrey Gundlach on Fed Rate Hikes Jeffrey Gundlach, chief executive and chief investment officer of investment management firm Doubleline, shared his Fed rate hike expectations in an interview with CNBC Monday. Gundlach is nicknamed “the Bond King” after he appeared on the cover of…
There was a 29% validator participation rate at the time that the epoch triggered, which is particularly low for Ethereum. On a YouTube livestream, Ben Edgington, a product lead at Teku, an Ethereum client, acknowledged the low participation rate was likely due to validator nodes not having upgraded on time for the Goerli fork. Source
Ethereum validators are now one step away from being able to unstake their Ether from the Beacon Chain The Shapella hard fork has been executed on the Goerli testnet — the last test run before Ethereum validators will be able to withdraw their Ether (ETH) from the Beacon Chain. There were however issues with the hard fork. Ethereum core developer Tim Beiko noted that while deposits were being processed it didn’t run as smoothly as it could have because several testnet validators didn’t upgrade their client software before the Goerli…
“The decisions made over the weekend were not crypto related,” the spokesperson said. “Signature was a traditional commercial bank with a wide range of activities and customers, including small businesses like food vendors at Hunt’s Point, residential mortgage banking, commercial real estate, to name a few. DFS has been facilitating well-regulated crypto activities for several years, and is a national model for regulating the space.” Source
Stargate Finance’s original STG token is gaining support again after StargateDAO canceled its plans to reissue STG following a dispute with FTX liquidators. Source
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National Australia Bank (NAB) says it has executed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin, which is tied to the Australian dollar. The transaction was conducted on the Ethereum blockchain and used smart contracts for seven currencies, according to a statement released on March 14 by the bank. Those currencies were Australian, New Zealand, Singapore and United States dollars, as well as euros, Japanese yen and British pounds, according to a statement…
National Australia Bank (NAB) announced March 14 that it had executed the first-ever cross-border stablecoin transfer on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin tied to the Australian dollar (AUD). The transaction was conducted on the Ethereum blockchain and used smart contracts for seven currencies, according to a statement released by the bank. Those currencies were Australian, New Zealand, Singapore and United States dollars, as well as euros, Japanese yen and British pounds, according to a statement released by Fireblocks. The stablecoins…