Day: April 7, 2023

Ripple wins big in US-Mexico transfers based on Bitso’s report

According to the 2022 report, Bitso highlighted that they processed about $3.3 billion between US and Mexico, using XRP and others. XRP moves $3.3b in US-Mexico settlements Cryptocurrency has gained momentum recently, acquiring different utilities across different jurisdictions. The most recent info is about the Ripple network. Bitso, a popular crypto exchange in Mexico, recently announced powering transactions of about $3.3 billion worth of crypto between the U.S. and Mexico. Based on Bitso’s report, the Ripple network is one of its primary settlement partners for cross-border transactions.  The U.S. corridor…

Int’l securities body IOSCO prepares crypto regulation report for 2023

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The International Organization of Securities Commissions (IOSCO) will launch a consultation for its regulation report on crypto assets in Q2 2023. The final recommendations from the organization are planned to be published by the end of 2023.  The dates are scheduled in IOSCO’s work program for 2023–24. Two major workflows are dedicated to decentralized assets in IOSCO’s Fintech Task Force plan. The first covers crypto and digital assets, and the second covers decentralized finance (DeFi). The DeFi consultation will start in Q3 of 2023. According to the work program text,…

Peter Schiff Says ChatGPT Is ‘Pretty Intelligent’ to Choose Gold Over Bitcoin

While many consider Bitcoin as a hedge against inflation, Peter Schiff believes that investing in cryptos is a losing game. As he has explained, rather than being backed by a real asset, Bitcoin is supported only by people buying it, which undermines its value. Peter David Schiff, CEO of Euro Pacific Capital Inc and financial expert known for his skepticism about Bitcoin (BTC), has commented on a “recession-proof” portfolio offered by AI chatbot ChatGPT. In his Tweet, Peter Schiff praised the chatbot for picking bonds, defensive stocks, precious metals, and cash…

Luxury Brand Ralph Lauren Now Accepting Crypto Payments at Its New Miami Store – Featured Bitcoin News

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The U.S. luxury brand Ralph Lauren has said customers can now pay via crypto at its Miami Design District location. The store has also been designated the luxury brand’s focal point for Web3 promotions. Bitcoin, ethereum, and polygon are among the cryptocurrencies that are accepted at Ralph Lauren’s new store in Miami. Miami Store Ralph Lauren’s Web3 Promotions Focal Point United States luxury brand Ralph Lauren said on April 5 that it will accept crypto payments at its new store in Miami. According to a statement released by Bitpay, Ralph…

25% of NFT owners have a collection of 51 or more – CoinGecko Report

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Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents. Published on April 6, the CoinGecko report examined 438 responses from Dec. 2022 to Jan. 2023 in conjunction with Blockchain Research Labs. At least 1 in 4 NFT holders (26.5%) said that they are “avid collectors” with 51 or more NFTs at the time of the survey, with the report noting this group likely…

Ethereum’s Buterin and Solana’s Yakovenko are at odds on security

After what seemed like an eternity, Anatoly Yakovenko, co-founder of Solana Labs, and Vitalik Buterin, co-founder of ethereum, have picked up where they left off in discussing bridge security.  Yakovenko Bridge claims to have pondered the issue for a year until he may have stumbled onto the answer.  .@VitalikButerin, I’ve been noodling on this for nearly a year. Trust minimized bridge between independent L1s This design guarantees that local users can exit their bridged assets back to the local chain even if the remote chain has a dishonest majority, does a…

CBDC will be used for ‘control’ ECB president admits in vid chat with fake Zelensky

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A widely shared video of European Central Bank (ECB) President Christine Lagarde admitting that a Digital Euro will be used in a “limited” way to control the payments people can make was taken from the three week old prank video. The video was highlighted by breaking news account Watcher Guru on April 6 and generated a significant amount of social media chatter. In it Lagarde cited a desire to not be reliant on an “unfriendly countries currency,” or a currency provided by a “private corporate entity like Facebook, or like…

‘It Will Be Spectacular, Capitulation Will Be Epic’ – Finance Bitcoin News

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Peter Schiff, economist and known gold bug, believes that the current price uptick that gold is currently experiencing will extend in the future, surprising stock traders. Schiff stated that gold stocks were the new tech stocks and that Wall Street’s indifference regarding these would lead to massive market capitulation. Peter Schiff Warns of Gold Rally: ‘It’s Real’ Peter Schiff, the chief economist of Europac and gold permabull, believes that a gold bull market brewing will take the precious metal to even higher prices than it reached. Motivated by the recent…

PancakeSwap v3 is live on BNB Chain and Ethereum, could boost presale tokens like digitoads

The goal of every decentralized finance (DeFi) token is to eventually list on decentralized exchanges. The advantages that follow could boost growth and increase project activity.  PancakeSwap v3 recently launched on BNB Chain (BSC) and Ethereum. The ripple effect of this development could positively affect tokens like DigiToads (TOADS), which are currently on their presale, possibly augmenting their chances of success. This article develops on the significance of the PancakeSwap v3 listing and its impact on presale tokens like digitoads (TOADS). >> Buy DigiToads Now << DigiToads prices may benefit Integrating PancakeSwap…