The central bank governor also said regulators can’t rule out central bank digital currencies. Source
Stablecoins Need to Be Regulated Like Commercial Bank Money, Bank of England's Andrew Bailey Says
Month: April 2023
Who watches the watchers? CryptoHarlem founder Matt Mitchell explains why surveillance is the enemy
Technology can be one’s best friend or, in some cases, their worst enemy. For example, Meta and TikTok seamlessly connect millions of people with loved ones and strangers, and while the platforms are a great resource for finding information and communicating with others, there are valid concerns about violations of users’ privacy and the monetization and possible outright theft of users’ data. The same can be said for surveillance and security. There is often a gift-and-a-curse style relationship, wherein the exact surveillance tools meant to keep people safe and deter…
5 programming languages to learn for AI development
Programming languages are important because they are the tools that developers use to create software, applications, and websites. Different programming languages have their own syntax, structure, and functionality, making them suited for specific tasks and projects. Learning and understanding programming languages is essential for developers to write efficient and effective code, as well as to collaborate with other developers on projects. Here are five programming languages to learn for AI development. Python Python is a popular choice for artificial intelligence (AI) development due to its simplicity, readability and versatility. It…
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year – Bitcoin News
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools for the 9th Straight Month Investors were pleased to hear the latest U.S. Consumer Price Index (CPI) report on Monday, which noted that inflation has cooled over the last nine months. “The Consumer Price Index…
Warren Buffett Calls Bitcoin a 'Gambling Token'
Berkshire Hathaway’s chairman and CEO said bitcoin “doesn’t have any intrinsic value … but that doesn’t stop people from wanting to play the roulette wheel.” Original
Hong Kong’s ZA Bank Gears Up to Offer Crypto Conversions and Serve Crypto Startups
ZA Bank is also looking to offer services to Web3 crypto startups, a sector widely underserved by the banking space. Hong Kong is giving a major push to crypto adoption just at a time when US regulators have initiated a strong crackdown on crypto companies. In the latest development, Hong Kong’s largest virtual bank aka ZA Bank announced that it will allow crypto to fiat conversions. Besides, ZA Bank also noted that they would be facilitating settlements for regulated Web3 companies in Hong Kong. The company’s announcement came at Hong…
SEC Advisory Group Backs Gensler’s Crypto Efforts But Asks for Industry Guidance
However, the advisory group – led by Chair Christopher Mirabile of Launchpad Venture Group and Vice Chair Leslie Van Buskirk, the administrator of the Wisconsin Department of Financial Institutions’ securities division – backed him on almost everything else, including that “virtually all, if not all, crypto tokens are securities and that they, as well as the platforms and custodians dealing with them, are subject to regulation under the federal securities laws.” Industry representatives have argued that most cryptocurrencies are not securities as defined under U.S. law. Source
Metaverse Platform MetaPoint Suffers $1M Exploit that Sinks POT Value by 80%
The MetaPoint exploit once again casts doubt on the fortification of blockchain technology after the platform lost more than 2,500 BNB. Metaverse platform MetaPoint recently experienced an exploit that cost roughly $1 million in Binance Coin (BNB). According to reports, the cyber attackers made away with 2,515 BNB, raising concerns about blockchain vulnerability. The MetaPoint exploit also comes as the tech space begins restraining its expectations regarding the emerging metaverse. MetaPoint Yet to Properly Address Exploit MetaPoint has yet to issue an official statement on the exploit and whether it…
Bitcoin Futures Index to Debut in Argentina in May
A Bitcoin futures index in Argentina is a huge relief as the country is currently struggling with high inflation. CNV, The securities regulator in Argentina, has approved a Bitcoin futures index on a local exchange. Following the approval, the Bitcoin futures index will launch in Argentina in May on Matba Rofex. The exchange got the green light to roll out the Bitcoin futures next month, boasting as the first Latin American exchange to onboard such a product. Authorizing the Bitcoin-based futures is part of the regulator’s strategic innovation agenda. The…
Companies Behind Azuki NFTs and LINE FRIENDS Characters Join Forces For Web3 Expansion
“We are excited to collaborate with IPX, who is a global leader in building innovative character IP brands beloved by millions of fans around the world,” Zagabond, the pseudonymous founder and CEO of Chiru Labs, said in a press release. “IP is evolving, and we see the web3 community as an integral part of this next wave. We can’t wait to bring the world of BEANZ together with LINE FRIENDS.” Source