Stablecoin issuers will have to abide by tough rules. Stablecoins must be pegged to the yen or other legal tender and guarantee holders the right to redeem them at face value. Only licensed financial institutions like licensed banks, registered money transfer agents and trust companies will be able to issue stablecoins. Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts, with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode, an on-chain data provider, the demand for bitcoin (BTC) options contracts has witnessed a remarkable surge, with open interest reaching $13.8 billion, coming close to its all-time high of $15.1 billion. This remarkable increase suggests investors actively seek…
PLUS: A candidate to become Thailand’s next Prime Minister owns bitcoin, ether, BNB and ADA. Here’s why the disclosure by Pita Limjaroenrat matters. Source
Investigators from the Commodity Futures Trading Commission have reportedly concluded that bankrupt crypto lender Celsius and its former CEO Alex Mashinsky broke U.S. rules before the company collapsed. According to a July 5 report from Bloomberg, citing sources familiar with the matter, the attorneys from the CFTC’s enforcement division found that Celsius misled investors, failed to register with the appropriate regulator, and that Mashinsky broke a number of regulations. The CFTC could reportedly file a case against the collapsed crypto lender in U.S. federal court sometime this month, if the majority…
BlackRock CEO Larry Fink has taken a friendlier stance towards Bitcoin and the broader crypto space. Fink described Bitcoin as an international asset that he would like to democratize. BlackRock is looking to work closely with regulators in the U.S. to further Bitcoin adoption through a spot BTC ETF. Larry Fink previously dismissed Bitcoin calling it a tool for money laundering. Larry Fink, the man behind the world’s largest asset manager, has taken a rather friendly stance towards Bitcoin and the broader crypto space. As the Chief Executive of BlackRock…
On-chain derivatives are set to become the next big growth sector in the decentralized finance (DeFi) space, says Henrik Andersson, the chief investment officer of Australian crypto investment firm Apollo Capital. In a wide-ranging interview with Cointelegraph, Andersson said he thinks the increasing popularity of decentralized spot trading will inevitably lead to outsized demand for decentralized derivatives. “The first decentralized spot exchanges were launched roughly six years ago. Decentralized perpetuals and futures trading is much newer, so there is a high growth opportunity to be had with on-chain derivatives.” Andersson…
Valve allows AI content on Steam Game developers can use AI-generated content in games listed on Steam. But only if it isn’t generated using copyright-infringing content. That’s the official line from Valve, the creators of game publishing platform Steam, which it made in response to a June Reddit post that’s been making the rounds about a developer who had his game rejected by Steam for using AI. Developer Artoonu, who specializes in creating NSFW games (think furries and hentai), said the company asked him to “affirmatively confirm that you own…
Binance Academy, the academy arm of Binance, has announced that it is teaming up with Coursera to launch a blockchain education program to spread knowledge about this transformative technology. With more than 124 million registered users across various countries, Coursera is the perfect partner for Binance as they work to provide world-class blockchain education. Taking Blockchain Education Global Blockchain technology is known for its ability to revolutionize various industries and everyday life. Binance, the world’s largest cryptocurrency exchange, has made it its mission to spread the impacts of this technology…
Artificial intelligence (AI) has become a clear-cut winner in the battle for job seekers, according to a new analysis from cryptocurrency data aggregator CoinGecko. From 2020 to 2022, searches for “AI jobs” and “crypto jobs” remained fairly close, with AI taking the crown most days and crypto pulling into the lead upon Bitcoin (BTC) reaching an all-time high of $69,000 in November 2021. Along with increased adoption and interest in both Web3 and cryptocurrency technologies, the crypto boom of 2022 brought job seekers in record numbers — at least if…
According to a report from data analytics platform Nansen released Wednesday, NFT royalty payments sunk to a two-year low in June. Royalty payments reached their peak in April 2022, contributing to 28,000 ETH, or nearly $76 million, in one week of creator earnings. Meanwhile, June’s peak week saw creators collectively earn 2,000 ETH, or about $3.8 million. Source