Day: April 25, 2023

Vitalik Buterin and Indian yogi Sadhguru discuss tech, identity and more

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Emerging technologies such as blockchain are ushering in a new era of interactions between humans and the digital world. This is an evolving topic of conversation for thought-leaders both inside and outside of the industry trying to predict how such technologies will prompt change in the human experience.  On April 25th the reState Foundation hosted a virtual talk between co-founder and inventor of Ethereum Vitalik Buterin and founder of the Isha Foundation, the Indian mystic Sadhguru to discuss the intersection of technology and human consciousness.  reState Foundation, Sadhguru and Vitalik…

Bitcoin (BTC) Whale Wallets Spook Crypto Twitter With Sudden Movements

One such wallet, which was last active in 2012, moved over 400 bitcoin ($11 million) over the weekend, data shows. The bitcoin whale moved 360 bitcoin to one wallet, and 40 bitcoin to other wallets. The whale had purchased some 900 bitcoin in 2012, holding on to the asset ever since and seeing a nearly 40,000% gain on the initial investment. Source BitcoinBTCCryptoMovementsSpooksuddenTwitterWalletsWhale CryptoX Portal

CFTC proposes reducing anonymity to manage risks

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A commissioner of the United States  Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25. Romero stresses the need for governments and the industry to tackle the primary feature that makes cryptocurrencies appealing to illicit finance — anonymity. In her speech, Romero said that the risks…

House Republicans Release New Bill on Stablecoin Regulation

US lawmakers recently slammed SEC Chair Gary Gensler over “rushed” rulemaking on crypto. On Monday afternoon, Republicans on the House Financial Services Committee revealed a discussion draft of legislation to regulate stablecoin issuers. The new draft by Republicans may revive negotiations with Democrats. GOP aides refer to it as a “starting point” for conversations about stablecoin regulation with House Democrats, the Senate, and the White House. Last year, the House Financial Services Committee negotiated a bill that would subject stablecoin issuers to Federal Reserve oversight. Part of the aim is also to…

Britain Unveils £100M Funding for Taskforce to Help Build AI

The AI taskforce has the mandate to improve the economy of Great Britain through state-of-the-art and in-demand technology. Great Britain through its Prime Minister Rishi Sunak and Technology Secretary Michelle Donelan have unveiled the creation of an expert taskforce to help build Artificial Intelligence (AI) solutions for the country. According to a press release shared by the UK Government, the taskforce has been bootstrapped with the sum of £100 million (approximately $124.5 million) to commence work. As the announcement noted, the allocated sum will be in addition to the £900…

Terraform Labs co-founder and nine others indicted in South Korea

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The financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals for the collapse of the Terra stablecoin ecosystem.  The 10 individuals were reportedly indicted on charges of fraud, breach of trust and embezzlement and referred to trial after 11 months of investigation. The prosecutor’s office suspected that the individuals involved in the collapse amassed illicit profits of nearly  $350 million (460 billion won), reported KBS World, a Korean daily. Shin is accused of misleading investors and falsely advertising the…

China Pushes Digital Yuan for Wage Payments in Changshu – News Bitcoin News

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Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included in some limited programs before. Public Employees in Changshu to Receive Payments in Digital Yuan The city of Changshu, with a population of more than 1.5 million, will be the first city to use the digital yuan to pay wages of public employees,…

ICO launches FOI toolkit topic to help public bodies deal with vexatious requests

Continuing with its commitment to improving freedom of information (FOI) services, the Information Commissioner’s Office (ICO) has launched the third topic in its FOI toolkit to enable public authorities to self-assess how they deal with vexatious requests. The FOI Act includes a provision that does not oblige a public authority to comply with a request for information if the request is vexatious. That means whether an information request is likely to cause a disproportionate or unjustified level of disruption, irritation or distress. The appropriate use of this provision protects public…

Bitcoin rally expected to surpass $50k by 2024 due to halving event

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto analysts predict the upcoming bitcoin halving in April 2024 will drive the digital currency’s value past $50,000, building on its recent rebound. The largest digital asset, bitcoin, has experienced a 67% increase since December 31, following an extreme downturn in 2022. Crypto analysts predict that the upcoming bitcoin halving, reducing the number of tokens miners receive for their work, will propel the cryptocurrency past $50,000 by April 2024. The halving event, scheduled for around April…

Johnson & Johnson Details Launch Plans Regarding Kenvue IPO Roadshow

Pharmaceutical powerhouse J&J expects to price its Kenvue IPO shares at $20 to $23 for a potential $40 billion company valuation.  Johnson & Johnson (NYSE: JNJ) plans to price shares of its upcoming Kenvue Inc IPO between $20 and $23. The initial public offering roadshow constitutes more than $151 million shares of common stock and would be valued at $40 billion in the share range. Johnson & Johnson announced it would launch the Kenvue IPO later this year in what could be the largest of its kind in the US this year. Kenvue, a…