Month: June 2023

Italy’s central bank calls for framework to prevent stablecoin runs

boss

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers in the industry. #Bankitalia #26June Alessandra #Perrazzelli discussed about the evolving regulatory landscape for #DigitalAssets at @pointzeroforum Panel “State of Global Digital Asset Regulation: Navigating Opportunities in an Evolving Landscape”#PZF2023 #PointZeroForum @sif_sfi @elevandi pic.twitter.com/Jm0OBeifZh —…

CEO holds talks with ‘interested parties’ — Report

boss

Bankrupt crypto exchange FTX is one step closer to relaunching as an entirely new exchange. According to a June 28 report from the Wall Street Journal, FTX restructuring chief John Ray said the company had “begun the process of soliciting interested parties to the reboot of the FTX.com exchange.” Sources familiar with the matter said the firm has been holding talks with investors around financing the potential reboot. Blockchain lending company Figure is among the parties who have displayed interest in the process. Cointelegraph reached out to Figure but did…

Bitcoin BTC Price Retreats, Quickly Regains $30K Perch as Investors Mull ETF Timing, Inflation

boss

The market remains optimistic about the future of a spot bitcoin ETF in the U.S., as bitcoin (BTC) maintains the key $30,000 level. Quinn Thompson, Maple head of growth and capital markets, shared his crypto markets analysis. Plus, Hut 8 CEO Jaime Leverton joined “First Mover” after the North American digital asset miner secured up to $50 million in loans from Coinbase Credit to fund its operations. And, RockX founder and CEO Zhuling Chen explained why Singapore nabbed second place in CoinDesk’s Crypto Hub 2023 rankings. Original

Australian stock exchange may consider listing tokenized real-world assets

boss

The Australian Securities Exchange (ASX) is unlikely to directly list a cryptocurrency on its exchange but could consider an “appropriately-backed” tokenized real-world asset such as gold. Speaking to Cointelegraph, Dan Chesterman, the ASX’s CIO and group executive of technology and data said while there are hurdles for it to directly list a cryptocurrency the company could consider listing tokenized real-world assets. “There’s been, in the past, challenges associated with getting to the stage we could directly list a cryptocurrency mainly because it doesn’t meet a lot of the listing rules,”…

Azuki ‘Elementals’ Mint Mishap Is a Reminder of the Precarious State of the NFT Market

Last Friday, the Azuki team held a token-gated event in Las Vegas called “Follow the Rabbit,” where they airdropped a portion of the unrevealed Elemental NFTs to holders in attendance. On Monday, the team announced details of the mint, explaining that the remaining Elemental NFTs would be sold in 10-minute rounds – first to holders of Azuki NFTs, then to BEANZ holders and then to the general public. The sale was meant to be held Dutch auction style, where the price of the NFTs would begin at 2 ETH and…

Digital euro proposal from European Commission seeks universal approval

On June 28, the European Commission unveiled its proposed legislative plan for a digital euro, with the intention of establishing it as a widely embraced and readily available payment method. The announcement emphasized the importance of enabling individuals to acquire digital euros through their banks upon request, ensuring convenient access and safeguarding against the risk of exclusion for citizens. Share customer data The European Commission published its legislative plans to underpin a digital, saying it would ensure Europeans can pay digitally for free across the currency zone. As part of a distinct…

100k OpenAI credentials on sale for crypto

In a startling revelation, Group-IB, a leading cybersecurity firm based in Singapore, has identified over 100,000 devices infected with stealer malware that contain saved ChatGPT credentials. These compromised credentials have been found within the logs of info-stealing malware traded on illicit dark web marketplaces over the past year. The number of logs containing compromised ChatGPT accounts reached a peak of 26,802 in May 2023. The Asia-Pacific region has seen the highest concentration of ChatGPT credentials being offered for sale over the past year. ChatGPT, an AI-powered chatbot developed by OpenAI,…

RBI lists risks of stablecoin for developing economies, calls for global regulation

boss

Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoin presents. The RBI has been a steadfast critic of cryptocurrency, but it was particularly articulate about the problems it sees with stablecoin “from an EMDE [emerging markets and developing economies] perspective.” It listed six specific problems, even though: “The lack of authenticated data and inherent data gaps in the crypto ecosystem impede a proper…

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

boss

Web3 lending platform Maple Finance has announced the launch of a direct lending program, according to a June 28 fact sheet from the platform’s development team. The program is intended to replace services previously provided by Celsius, BlockFi and other now-bankrupt lenders. The first lending pool will be available sometime in July, the company stated. Introducing Maple Direct, the new lending arm of Maple Finance. With the formation of Maple Direct, Web3 now has a specialist digital native lender and launches to meet the growing institutional demand for a trusted…