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The Contagion Fever Breaks: NFTs Dominate Art Basel
5.12.2022
The price of Ethereum is down nearly 65% since last year’s Miami Art Week. But this year’s global cultural phenomena saw an uptick in events, attendees and conversations around Web3 technologies and their roadmap to mass adoption
Diabolical ATM Displays Bank Balances On Leaderboards
2.12.2022
Are you flourishing at the game of life, or are you floundering at the very bottom? Give this ATM your debit card, and you can find out. Art Basel, a ghoulishly lavish art show, is hosting an ATM that takes your picture and ranks you on a public leaderboard according to your debit bank balance....
Basel Committee: Banks worldwide reportedly own €9.4 billion in crypto assets
4.10.2022
The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins
Basel Committee crypto asset prudential treatment proposals get detailed responses
4.10.2022
The international financial community went long form to speak up for its interests as the Basel Committee on Banking Supervision continues to optimize banking regulation
Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets
1.10.2022
A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo...
Banks’ Crypto Asset Holdings May Be Just 0.01% of Total Risk Exposure, Basel Study Finds
30.9.2022
The first survey of its kind may influence crucial global standards on bank capital for crypto
Basel Committee wants to limit banks' digital asset exposure to just 1% of equity
30.6.2022
Volatile cryptocurrencies such as Bitcoin would also be subjected to a 1,250% risk premium
Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
Banks’ Bitcoin Holdings Should Be Capped, Basel Committee Proposes
30.6.2022
Holdings for unbacked crypto would be limited to 1% of a lender’s capital, under plans put out for consultation Thursday
Basel Committee presses on with restrictive requirements for banks’ crypto holdings
31.5.2022
The committee of central banks and regulators has proposed a “conservative prudential treatment” of cryptoassets that banking groups say is prohibitive
Bank of Spain Governor Highlights Need for Fast Regulation in Defi and Crypto
13.5.2022
Pablo Hernández de Cos, governor of the Bank of Spain and chair of the Basel Committee on Banking Supervision, explained that the cryptocurrency space and decentralized finance (defi) need to be regulated swiftly to avoid risks of financial instability. Hernandez de Cos also mentioned how this...
JPMorgan: Global Regulation Urgently Needed for Banks to Help Clients Invest in Crypto
17.2.2022
A globally consistent crypto regulatory framework is urgently needed to allow banks to handle crypto assets on behalf of large customers, said a JPMorgan executive. “We need a globally consistent regulatory framework. It’s important that we get to a solution as quickly...
Ross Ulbricht NFT Collection Raises Over $6 Million in Ethereum, Free Ross DAO Wins Auction
10.12.2021
The Ross Ulbricht Genesis non-fungible token (NFT) collection auction has come to an end and the auction winner was the “Free Ross DAO,” backed by the Pleasrdao project. The NFT collection raised 1,446 ether or $6.27 million at the time of settlement. Free Ross Decentralized...
Ross Ulbricht Genesis Collection NFT Auction Sees Millions of Dollars in Ethereum Bids
5.12.2021
Two days ago on December 2, the Ross Ulbricht Genesis Collection auction of non-fungible token (NFT) assets kicked off at Art Basel Miami via the Superrare platform. The Ulbricht NFT collection auction ends on December 8, and so far the auction has seen a bid of 666 ether or roughly $2.6 million....
Ross Ulbricht’s NFT Collection to Be Auctioned via Superrare at Art Basel Miami
19.11.2021
On December 2nd at Art Basel Miami, the very first Ross Ulbricht non-fungible token (NFT) collection will be showcased at the event and auctioned via Superrare. The proceeds from the auction will support Ross Ulbricht’s freedom efforts and a donor-advised fund called Art4giving, which helps...
Basel draft rules make crypto too costly for banks to trade, says industry
23.9.2021
Proposed rules would make "bank involvement in the cryptoasset market cost-prohibitive from a capital perspective," industry associations have told regulators
Molecule Partner With VitaDAO to Create Biopharma IP-to-NFT Transfer Using Nevermined Solution
19.8.2021
PRESS RELEASE. Molecule, a decentralised biopharma marketplace, has developed a novel IP-to-NFT framework with Web3 technology innovator Nevermined. In a historic transaction, the first biopharma IPNFT was successfully transferred to research collective VitaDAO to fund novel longevity therapeutics...
Circle Intends to Become a Full-Reserve National Commercial Bank
11.8.2021
Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC,...
Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks
12.6.2021
The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitcoin, will be subject to “a new conservative prudential treatment.”...
Market Wrap: Bullish Basel News Causes BTC Jump to Week-High $38K Level; ETH Slips
10.6.2021
Bitcoin busted out a quick 5% gain early Thursday on positive news from that continent before losing some steam