“The arguments on balance today would not favor such a decision to issue a CBDC in my view,” said Italian economist Ignazio Angeloni, who wrote a paper for the Parliament this year titled “Digital Euro: When in doubt, abstain (but be prepared).” Source
Multi-party computation (MPC) wallet provider Fireblocks has released a new trading system for institutions that use centralized exchanges, according to a Nov. 28 announcement. Called “Off Exchange,” the new system allows institutional traders to swap tokens without first depositing them on the exchange. Fireblocks claimed this system would help to eliminate counterparty risk on centralized exchanges and prevent future FTX-like collapses. Today, we’re excited to launch Off Exchange, a new solution that enables trading firms and asset managers to truly eliminate exchange counterparty risk. Read on → https://t.co/FLl3AufE0s pic.twitter.com/s4P5kyNy3O —…
A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC). In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Gregory Woods ordered Voyager to pay $1.65 billion following a settlement between the lending firm and the FTC announced in October. As part of the agreement, Voyager will be “permanently restrained and enjoined” from marketing or providing products or services related to…
The landscape of cryptocurrency is evolving rapidly, with innovative networks like Tron gaining traction for their efficiency and cost-effectiveness. However, a concerning trend has emerged as these platforms become unwitting channels for illicit financial activities, particularly for groups designated as terror organizations. Tron’s Rise as a Crypto Transfer Platform Tron, a fast-growing crypto network, has outpaced its rivals in terms of speed and affordability, making it an attractive choice for crypto transfers. Unfortunately, its features have also caught the attention of groups like Hamas and Hezbollah, designated as terror organizations…
The potential approval of a Bitcoin ETF (Exchange Traded Fund) is bound to open new opportunities for traders. The expectations surrounding this event impact the market now, but an expert believes they will have a more substantial effect in the coming months. As of this writing, Bitcoin trades at $37,400 with a 1% profit in the last 24 hours. Over the previous week, the cryptocurrency stayed in the green with a 3% profit, holding the critical level of $37,000 despite the increase in selling pressure. BTC’s price trends to the…
Oxford University physics spinout Oxford Quantum Circuits (OQC) recently announced the launch of Toshiko, a 32-qubit quantum computing services platform, alongside a $100-million Series B funding round led by Japan’s SBI Group’s investment arm. The company claims that Toshiko is the “world’s first enterprise ready quantum computing platform.” Great question! We are out of the lab and have deployed in colocation data centres, + there are multiple OQC Toshiko’s to serve enterprise data needs. We’ve detailed what makes our offering so unique in our whitepaper, which you can access here.https://t.co/lXBSOZcRiH…
COP28 kicks off in the UAE this week. While it is likely to deliver the usual ineffective hand-wringing, at significant cost, this year there is a twist: the presence of Bitcoin delegates shows just how far the industry has come, says Noelle Acheson. Source
Three primary sectors are driving the development of Solana’s (SOL) “vibrant” ecosystem, according to the Hong Kong-based crypto exchange CoinEx Global. CoinEx notes in a new analysis that the Ethereum (ETH) competitor’s attention is focused on decentralized finance (DeFi), memecoins and decentralized physical infrastructure networks (dePIN). DePIN projects involve crypto-powered decentralized networks that connect hardware devices and offer digital services, according to the crypto exchange Bitstamp. CoinEx notes that dePIN projects represent the highest total market cap on Solana. “Benefiting from Solana’s state compression technology, dePIN projects can significantly reduce…
Interactive Brokers, one of the largest brokerage firms in the world, has opened crypto trading for retail clients in Hong Kong. According to the Nov28 announcement, the service is offered in conjunction with OSL, one of the first crypto exchanges to receive a Virtual Asset Service Provider (VASP) in Hong Kong. “Interactive Brokers’ retail investors in Hong Kong now have immediate access to digital asset trading through a single unified platform powered by OSL,” developers wrote. Per its website, Hong Kong clients of Interactive Brokers can hold Bitcoin (BTC) or…
Government supervision is needed to protect investors and crack down on unlicensed platforms, Lee said according to the report. The Hounax case follows a similar one involving crypto exchange JPEX, which led to the arrest of six people in September after more than a thousand complaints involving a total of $128 million were filed. The Securities and Futures Commission (SFC) said JPEX was also operating without a license, prompting Lee to call for stronger licensing laws at the time. Source