The change improves support for exchanges and may bring faster development, Avalanche says. Source
Avalanche’s Cortina Upgrade Goes Live on Protocol’s Testnet; AVAX Token Rallies
Day: April 6, 2023
Germany plans to issue electronic shares on blockchain, boost startups
The German government is pushing for more welcoming regulations for startups working with financial innovation in the country, according to the newly drafted legislation of the “Future Finance Act” introduced by the finance ministry on April 5. Key goals of the legislation include capital markets digitalization through the issuance of electronic securities on a blockchain and improved portability of crypto assets. According to a translated version of the draft bill, Germany’s “capital market should become more modern and efficient in order to mobilize more private capital for future investments.” Among…
Japan Greenlights Web3 White Paper to Boost Crypto Adoption & Growth
Japan recently approved a Web3 white paper that could place the East Asian nation at the forefront of global crypto growth. Japan has approved a Web3 white paper to boost the country’s fledgling crypto industry growth. On Thursday, the East Asian nation’s ruling Liberal Democratic Party’s Web3 project team published the crypto-guiding document. The white paper proposes several recommendations for growing and enhancing Japan’s digital currency space. These include instituting more tax reforms, improved accounting standards, and a Decentralized Autonomous Organization (DAO) law. Furthermore, the comprehensive crypto document also proposes that Japan…
India Eyes One Million CBDC Users Over Next Three Months
Sources familiar with the matter said that the architects of the retail CBDC are working to incorporate offline transactions and eyeing half a million users by July. India is one of those top global economies that has been pilot-testing its central bank digital currency (CBDC) aka the Digital Rupee. As per the latest reports, the architects of India’s retail central bank digital currency (CBDC-R) are aiming to scale the user base of the Digital Rupee to a million users. Sources familiar with the matter also told the CoinDesk publication that…
Georgia Rep. Marjorie Taylor Greene Criticizes Fednow Project, Pushes for Return to Gold Standard – Bitcoin News
On Wednesday, Marjorie Taylor Greene (MTG), a Republican member of the U.S. House of Representatives, shared an article about the Federal Reserve’s Fednow project and criticized the central bank’s digital currency efforts. The representative from Georgia insisted that the U.S. should return to the “gold standard” and said she’s taking a “hard pass” on digital currency payment systems. MTG Blasts U.S. Central Bank’s Fednow Digital Currency Program Representative Marjorie Taylor Greene (R-GA) is known for her controversial statements and is not shy about expressing her opinions. The American politician and…
Bitcoin ‘faces headwinds’ as US money supply drops most since 1950s
Bitcoin (BTC) and crypto may yet see a long-term correction thanks to central banks keeping liquidity tight, Bloomberg warned. In its latest research, Bloomberg Intelligence revealed a cool stance on the ongoing 2023 crypto market rally. Bloomberg: Expecting BTC price to hold “may be illogical” Despite gaining 70% in Q1, Bitcoin is not convincing everyone that it will continue to climb or even maintain current levels near $30,000. Examining the macroeconomic climate, Bloomberg Intelligence became the latest voice to note the close relationship between crypto performance and global central bank…
Aragon and Polygon Labs collaborate to boost DAO accessibility
Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has revealed that its infrastructure is now available on the Polygon network. The collaboration between Aragon and Polygon Labs will offer users a cost-effective and accessible solution for creating and managing DAOs. The partnership will enable users to now build DAOs quickly, and securely, for as little as 50 cents, with no coding required. A DAO is an organization that is run through rules encoded as computer programs on a blockchain. Unlike traditional organizations, DAOs operate without a central…
Reddit Avatars on Polygon Blockchain
Reddit, the online discussion platform, has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The new avatars were released on April 5, 2023, and have generated a lot of buzz within the community. The non-fungible token (NFT) avatars were first introduced in July 2022 as a way to empower artists to create and sell their work. These avatars were made available in August 2022 and generated thousands of dollars in sales for the artists. Users who purchased a collectible were also able to…
Ripple's Effect on Financial Advisors
Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities. Source
The Ripple Effect
Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple’s trial, as it could have significant consequences to how we define securities. Source