Month: April 2023

Japan Regulator Flags Four Crypto Exchanges Including Bybit for Operating Without Registration

CryptoX – Cryptocurrency Analysis and News Portal The notice said the exchanges were in violation of the country’s fund settlement laws at the time of issuing the warning letter by “conducting crypto asset exchange business without registration.” The regulator also said the list of unregistered traders “does not necessarily indicate the current state of unregistered business.” Source The post Japan Regulator Flags Four Crypto Exchanges Including Bybit for Operating Without Registration appeared first on CryptoX. CryptoX Portal

Bitcoin liquidity drops to 10-month low amid US bank run

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Bitcoin (BTC) market liquidity has dropped to a 10-month low, despite a bullish quarter in terms of price gain. The liquidity dry-up is partly attributed to the bank run in the United States and the ongoing regulatory actions against crypto companies. The liquidity situation in crypto is worsening after the banking fears this month I dived into several liquidity metrics to give an update on all things crypto liquidity First, $BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment rails pic.twitter.com/RwcBEJ8y5Z — Conor…

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar – Economics Bitcoin News

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The government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for International Commerce India’s government is introducing new settlement methods apart from the U.S. dollar for international commerce. The new foreign trade policy guidance, which was implemented on April 1, includes a new option of settling…

Web3 builds while the city burns

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Paris Blockchain Week celebrated its fourth edition in spring 2023 against a backdrop of riots, protests and general civil malaise. The builders in the Bitcoin (BTC), crypto, and Web3 spaces were unfazed by protesters chanting and dancing on the doorstep of the conference venue.  The event took place against the backdrop of ongoing protests in Paris and worsening macroeconomic conditions in France. Many attendees expressed concern about the impact of these factors on the future of the blockchain and crypto industry, particularly in Europe. Nevertheless, the overall mood at PBW…

BMLL Adds 3 Asian Exchanges to Expand Data Coverage

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BMLL, an independent provider of historical Level 3 data and analytics for global equity and futures markets, has expanded its coverage by adding Asian markets. It added Level 3 data from CBOE Japan, Japannext, and Singapore Exchange. Announced on Monday, the recent expansion complemented the already available equities and ETF data for Tokyo Stock Exchange within the BMLL product suite. Paul Humphrey, the CEO of BMLL, stated: “The demand for high-quality historic market data has grown exponentially as participants need to understand market or venue behaviour across the US, EMEA,…

April Seasonality in Favor of Bitcoin and Stocks

“The recent bull rally in U.S. stocks should have positive spillover effects for crypto as well – especially since we are now entering the month of April, which has been strong for U.S. stocks (SP500 +2.6%, Nasdaq +2.9%), Bitcoin +17%, and Ethereum +46%,” Markus Thielen, head of research and strategy at Matrixport, said. Source

Buterin weighs in on zk-EVMs impact on decentralization and security

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Ethereum co-founder Vitalik Buterin wants to see zero-knowledge Ethereum Virtual Machines (zk-EVMs) built on Ethereum’s first layer to speed up the verification process on the base blockchain. Buterin explained in a March 31 post that it’s possible to integrate a zk-EVM on the base layer without compromising on decentralization and security. The technology enables Ethereum Virtual Machines to execute smart contracts on the blockchain with ZK proofs. How will Ethereum’s multi-client philosophy interact with ZK-EVMs?https://t.co/MPpTPNhldR — vitalik.eth (@VitalikButerin) March 31, 2023 Ethereum was developed with a “multi-client philosophy” to ensure…

ChatGPT and AI must pay for the news it consumes: News Corp Australia CEO

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The creators of artificial intelligence (AI) fuelled applications should pay for the news and content being used to improve their products according to the CEO of News Corp Australia. In an April 2 editorial in The Australian, Michael Miller called for “creators of original journalism and content” to avoid the past mistakes that “decimated their industries” which he claimed allowed tech companies to profit from using their stories and information without compensation. Chatbots are software that ingests news, data and other information to produce responses to queries that mimic written…

Household Crypto Holdings Included in Bank of Russia’s Consumer Finance Survey – Finance Bitcoin News

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The Central Bank of Russia has added crypto asset holdings of households to its survey of consumer finances. The statistics reveal that Russian families keep more money in cryptocurrency wallets than in gold investment accounts or mutual funds. Russia’s Central Bank Evaluates Cryptocurrency Holdings of Russian Households The Central Bank of the Russian Federation (CBR) has published estimates about the digital assets held by the population in the newest edition of its report on household finances. The survey is conducted once every two years since 2013 and the latest results…