Category: ICO

Bitcoin Price (BTC) Could Be Worth $13M by 2045

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Switzerland’s FINMA Publishes Guidance on Stablecoins to Address Risks on Default Guarantees Issued by Banks

FINMA’s guidance, which builds on an initial note from 2019, sets out a number of requirements to ensure adequate protection. Customers must have their own claim against the guarantee-providing bank, and the guarantee must cover the full amount of deposits and interest. In addition, the bank must ensure that the deposits it receives don’t surpass the cover provided by the guarantee. Source

ICO takes action against two organisations for “risking public trust” by failing to respond to public requests for information

We have taken action against two trusted public services after investigations found they’d failed to meet basic information request requirements, as set out under the Freedom of Information Act 2000 (FOIA). Both Devon and Cornwall Police and Barking, Havering and Redbridge Hospitals NHS Trust have been issued with enforcement notices for their ongoing FOI failings which have seen hundreds of information requests go without a response. Our Head of FOI Complaints and Appeals, Phillip Angell, said: “Everyone should have the ability to access public information. When this information is not received…

Analysts Express Optimism as Bitcoin (BTC) Prices Near Resistance Level

Since testing the 50-day simple moving average support near $63,500, the leading cryptocurrency has bounced sharply to breach $67,000, CoinDesk data show, and is closing on a resistance line identified by the trendline connecting March and April highs. The so-called descending trendline proved a tough nut to crack on Monday – as well as when it last came into focus in May – becoming a level to beat for the bulls. Source

Jersey City to Invest in Bitcoin ETFs, the Latest Pension to Dive Into Crypto

Wisconsin’s public pension plan – the State of Wisconsin Investment Board, which has roughly $156 billion in assets under management – is the biggest pension plan to dive into crypto so far, with a $160 million investment into spot bitcoin ETFs earlier this year. Some small pension funds like the Houston Firefighters’ Relief and Retirement Fund, which has about $5 billion in assets under management, have been invested in crypto for several years. Source

A New Lesson in Crypto Avarice That Might Also Enrich the People It Dupes

For those who don’t get their money out in votes, they’ll have the option to withdraw come Solana’s Breakpoint conference in September. At that point, the lock freeze will thaw and with it a pile of extra tokens from $GREED’s partner protocols: Samoyed memecoin, the Marms NFT collection, Texture, Famous Fox Federation, Racket and Cyberfrogs. They all pitched in an assortment of tokens and NFTs that will go to those who leave their money in $GREED to the end. Source