Whilst the majority of GMX forum users were in favor of the exchange becoming a “first mover” on Base, others had concerns over whether the project’s pseudonymous founders would need to submit identification documents to Coinbase in line with anti-money laundering regulations. Source link
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The tie-up with Keyrock, based in Brussels, “helps provide our clients with deeper liquidity as the institutional adoption of digital assets continues to grow,” said Frank van Zegveld, head of Europe, Middle East and African (EMEA) sales at Talos. Source AddsCryptoDepthKeyrockMarketPlatformTalosTieTrading CryptoX Portal
The IMF explained that CBDCs design is complicated by Islamic law prohibiting usury and speculation. The International Monetary Fund (IMF) has examined the central bank digital currencies (CBDCs) design and found some risks in the context of Islamic banking. Following the IMF study, results showed that the liquidity of CBDCs and foreign exchange would work differently from Islamic law, against expectations. Notably, Iran and Sudan are the only two countries that fully operate Islamic banking systems. However, the financial system is present in 34 countries and systematically plays a crucial…
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy. E-commerce giant Amazon (NASDAQ: AMZN) has announced the additional layoff of 9,000 workers extending its recent record job cuts. The company announced in January that it would dismiss some staff, no less than 18,000. Amazon noted that it is making the decision as a result of the global economic situation. Ahead of this additional layoff, Amazon dismissed over 18,000 people between November and January. Specifically, e-commerce and human resources department workers…
The global cryptocurrency exchange OKX released its fifth proof-of-reserves (PoR) report, a practice it began in November 2022 to boost transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ether (ETH) and Tether (USDT). This puts the reserve ratios of BTC, ETH and USDT at 103%, 103% and 102%, respectively. This latest release also comes as the exchange upgraded its PoR system with more transparency by making full liabilities (the total balance of user deposits) publicly accessible. Cointelegraph spoke with Lennix Lai, the managing director…
The global cryptocurrency exchange OKX released its fifth edition of its proof-of-reserves (PoR) report, which it began releasing in Nov. 2022 in its effort for more transparency in the industry. According to the latest edition, OKX holds $8.9 billion across Bitcoin (BTC), Ethereum (ETH) and the Tether stablecoin (USDT). This puts the reserve ratios of BTC, ETH and USDT at 103%, 103% and 102%, respectively. This latest release also comes as the exchange upgraded its PoR system with more transparency by making full liabilities (i.e. the total balance of user…
Currently, Duolingo is looking for a Learning Scientist for Music. The role suggests collaborating cross-functionally to develop a research-informed app for teaching music. Duolingo Inc (NASDAQ: DUOL), the Pittsburgh-based technology company behind the language learning platform that enables users to learn languages online, is reportedly working on a music app. In order to facilitate the development process, the company has opened two music-related jobs. Duolingo Music App Plans Currently, Duolingo is looking for a Learning Scientist for Music. The role suggests collaborating cross-functionally to develop a research-informed app for teaching music that…
Of the 4,593 days of Bitcoin’s existence as a tradable asset, BTC hodlers experienced 4,065 profitable days — challenging the historical narrative of depreciating volatility in crypto. As a result, holding Bitcoin (BTC) is provably profitable in the long run. Bitcoin’s historical price performance confirms that a hard limit on total supply and seamless global usability is critical to becoming a store of value. Data from Blockchain.com shows that Bitcoiners enjoyed 88.50% of profitable days relative to the current market price at the time of writing. Number of days in…
Money has evolved from simple objects of barter to cryptocurrencies. Money emerged as a means of facilitating trade and cooperation among strangers. As human societies grew more extensive and complex, the need for a common medium of exchange became increasingly important. From a realist political perspective, concepts like value and possession played a part in human interactions from their early days. The first forms of money were objects of barter, such as stones and livestock. These objects were used to facilitate trade and were valued based on usefulness, scarcity, demand…