Facebook’s ambitious 2019 stablecoin project never went live. But it sure left a lasting impression. This feature is part of our CoinDesk Turns 10 series looking at the biggest stories in crypto history. Source
New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST). The proposed legislation would require the Department of the Treasury to conduct a study of stablecoins similar to UST in collaboration with the United States Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the Securities and Exchange Commission. An algorithmic stablecoin is a digital asset the value of which is kept steady by an algorithm. While…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #DrishtiIas#DailyCurrentAffairs#DrishtiIasInNews =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ This video covers the following points of this topic- क्रिप्टोकरेंसी और ब्लॉकचेन तकनीक क्रिप्टोकरेंसी को लेकर भारत का पक्ष क्रिप्टोकरेंसी पर कानून लाभ Dear Viewers, In this particular program, we will present a basic and analytical approach on selected news picked from most important events of the day. We hope that our new program will be helpful for you in the wake of the Prelims exam and Mains as well. Thanks. प्रिय व्यूअर्स, इस कार्यक्रम में हम प्रति दिन चुनी…
“We are already leveraging the years spent on building capabilities for Meta overall on blockchain and introducing new products, such as digital collectibles,” Meta said in an emailed statement. “You can expect to see more from us in the Web3 space because we are very optimistic about the value these technologies can bring to people and businesses in the metaverse.” Source
Blockchain technology and cryptocurrencies have firmly placed themselves in the global financial economy over the past decade. While fiat currencies are simply a form of payment, blockchain technologies are already applied in various industries, including law enforcement, medicine, and education. Microsoft, Amazon, Google, Apple, and other major corporations are already involved in cryptocurrency as investors or developers. It’s only a matter of time until many smaller businesses start to apply blockchain technology to address their own needs. Libra Incentix is a startup firmly based on the belief in the…
Details are vague, but Lightspark has raised an undisclosed funding round co-led by Andreessen Horowitz and Paradigm. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io What would a world without banks look like? The answer may lie in decentralized finance. Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. The transactions get executed automatically through smart contracts on the blockchain, which includes the agreement of the deal. “Anyone can actually build businesses on top of these protocols and using them the same way as we can today build an internet business on top…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The cryptocurrency market was worth more than $1.6 trillion by the end of the July 2021. And bitcoin controls more than 47 percent of that market, according to Tradingview.com, down from more than 70 percent at the start of 2021. Altcoins, or alternatives to bitcoin, have surged in number and value since 2018. Crypto networks with advanced technologies such as Ethereum, Polygon and Uniswap have captured more and more of the crypto market. And there’s also stablecoins, utility coins and meme currencies…
The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept. 18 announcement. Alongside the other 26 association participants, Blockchain Capital will now be working to create a “more equitable payment system” with Libra. Bart Stephens, co-founder and managing partner at Blockchain Capital, said, “Leveraging blockchain technology to improve financial access and promote innovation has been at the core…
Stevan Bunnel, former general counsel for the U.S. Department of Homeland Security (DHS), has been revealed as the Libra Association’s new leading lawyer. Since leaving the Homeland Security Department in 2017, Bunnell co-chaired the data privacy-focused legal practice O’Melveny & Myers until joining the Libra Association this month. The association’s former general counsel, Robert Werner told Bloomberg Law that he chose to depart from the position after it became clear it meant he would have to relinquish an existing position on the boards of directors for Deutsche Bank Trust Co.…