Day: September 28, 2023

X CEO Yaccarino Says Company Will Become Profitable in Early 2024

Despite its aim to achieve profitability next year, the company grapples with persistent challenges. During the Vox Media Code Conference on Wednesday, Linda Yaccarino, CEO of X (formerly Twitter), said confidently that the company is on track to achieve profitability in early 2024. The optimistic outlook follows the company’s determined efforts to rebuild its reputation and regain advertisers who had previously distanced themselves due to content-related concerns. “Now that I have immersed myself in the business, and we have a good set of eyes on what is predictable, what’s coming…

BIS and France, Switzerland, Singapore Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi

CryptoX – Cryptocurrency Analysis and News Portal Project Mariana’s proof of concept used a hypothetical euro, Singapore dollar and Swiss franc wCBDCs between simulated financial institutions. The project relied on “a common token standard on a public blockchain which facilitates interoperability and seamless exchange of wCBDC across varied local payment and settlement systems maintained by participant central banks,” an accompanying press release said. Source The post BIS and France, Switzerland, Singapore Central Banks Successfully Test Cross Border Trading of Wholesale CBDC Using DeFi appeared first on CryptoX. CryptoX Portal

Bloomberg Analysts Say Ethereum Futures ETFs Could Start Trading Soon

According to Bloomberg analysts, Ethereum futures ETFs (exchange-traded funds) could start trading for the first time in the United States as early as next week. This comes just a few hours after the US Securities and Exchange Commission (SEC) delayed decisions on Ark Invest and VanEck ETH spot ETF applications. Why Ethereum Futures ETFs Could Launch Next Week  On September 28, Bloomberg Analyst Eric Balchunas said – via a post on X (formerly Twitter) – he was hearing that the SEC wants to accelerate the launch of Ether futures ETFs.…

2 Small Wins For Sam Bankman-Fried

Since the laptop is “air-gapped,” Bankman-Fried will have no connection to the internet or local area networks. The computer is physically isolated from unsecured networks, which also means that data can only be uploaded through the computer via USB and the like – in other words, Bankman-Fried will have no way of messaging with reporters or attempting to contact witnesses. All he is able to do is take notes. Source

Crypto.com to become preferred exchange for PayPal USD

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Singapore-based exchange Crypto.com has teamed up with PayPal and Paxos to become a preferred platform for PayPal USD (PYUSD).  According to a press release from Sept. 28, Crypto.com currently possesses the deepest liquidity for PYUSD trading pairs globally. The exchange has listed PYUSD for retail and institutional users, with “trading features coming soon.” This move builds on PayPal and Crypto.com’s previous partnership, such as an option to use PayPal to top up the Crypto.com Visa Card, according to the press release. In his commentary, Joe Anzures, the Senior Vice President…

European Markets Hit Lowest Levels in Months amid Growing Inflation

The day’s trading was marked by mediocrity, with the European markets generally treading water before closing in the red. European markets endured a challenging day on Wednesday, with the region’s benchmark, the Stoxx Europe 600 (INDEXSTOXX: SXXP), closing at its lowest level since March 28, according to data from LSEG. Lingering concerns over inflation and slowing economic growth continued to cast a shadow on investor sentiment, resulting in subdued performance across major European indices. Mixed Performance in Major European Markets Major European markets followed a mixed trajectory during the session.…

top cities and industries for employment

New research unveils the best countries and industries for finding your ideal crypto job, even in unexpected regions. Cryptocurrencies, once the realm of tech enthusiasts and niche investors, now have a significant foothold in the global job landscape. Anchored by blockchain technology, the cryptocurrency domain is generating roles for those well-versed in its nuanced architecture. According to a study by Coin Kickoff’s spanning over 150 countries, about half of all crypto jobs are hosted by prominent exchanges like Coinbase and Binance. Highlighting this surge, software engineers at these exchanges can…

France, Singapore and Switzerland test cross-border CBDCs

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The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland concluded a joint test of the cross-border trading and settlement of wholesale central bank digital currencies (CBDCs). The Banque de France issued the report on Sept. 28. The so-called Project Mariana was developed by the Banque de France, the Monetary Authority of Singapore and the Swiss National Bank under the aegis of the BIS. It has tested the cross-border trading and settlement of hypothetical euro, Singapore dollar and Swiss franc CBDCs between simulated financial institutions…