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Signature Bank to Reduce Crypto-Tied Deposits by as Much as $10 Billion
7.12.2022
Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses
Putin Calls for International Settlements Based on Blockchain and Digital Currencies
27.11.2022
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s...
News Summary: Visa Pulls Plug on FTX Deal, New Rugpull, BCH May Become Legal Tender, Binance & Bitget Aim to Help Reduce FTX Impact
14.11.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: News Summary: Visa Pulls Plug on FTX Deal, New Rugpull, BCH May Become Legal Tender, Binance & Bitget Aim to Help Reduce...
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
14.11.2022
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with...
Argentine Digital Peso Proposal: Eliminate Tax Evasion by Digitizing the Full Fiat Currency Supply
7.11.2022
A proposal to eliminate the physical representation of the Argentine Peso, in order to streamline specific state processes and reduce tax evasion, has been presented by former banker Carlos Maria De Los Santos. The plan, identified as “Argentine Digital Peso,” also predicts that...
Retract Royalties, Reduce Revenue: NFT Creators Are Suffering and So Are Marketplaces
4.11.2022
A growing list of marketplaces are seeing the impacts of platforms ceasing to require buyers to pay royalties on collections. Experts aren’t optimistic about what this means for the market
CBDCs Could Reduce FX Transaction Speeds to 10 Seconds, NY Fed Says
4.11.2022
Foreign exchange transactions could drop from a two-day process to less than 10 seconds if central bank digital currencies (CBDCs) were involved, according to an experiment conducted by the Federal Reserve Bank of New York
Indian Central Bank RBI Begins First Digital Rupee Pilot Today
1.11.2022
India’s central bank, the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or...
Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine
28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...
Singapore Seeks to Reduce Risks for Retail Crypto Investors With Restrictive Rules
27.10.2022
Financial authorities in Singapore have proposed new regulations designed to protect consumers from risks associated with cryptocurrency investment and trading. The measures, which also aim to expand regulations for stablecoins, will be discussed with the industry before their adoption. Singapore...
Ethereum’s Layer 2 Rollups Reduce Costs, but the Risks Are Underappreciated
26.10.2022
Ethereum’s incumbent rollup networks cannot currently claim that they “borrow” Ethereum’s security. Valid Points is CoinDesk’s weekly newsletter that breaks down Ethereum’s evolution and its impact on crypto markets
EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
19.10.2022
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto...
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar
15.10.2022
Experts from an economic institute in China have circulated the idea of creating a blockchain-powered digital currency that could lower Asia’s reliance on the greenback. The initiative comes against the backdrop of an expanding digital yuan pilot, and after recent trials of cross-border payments...
China floats idea of 'Asian yuan' to reduce reliance on US dollar
14.10.2022
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business
Stablecorp Wants to Reduce Cross-Border Payment Friction
13.10.2022
Tether, el emisor de la stablecoin USDT, reduce a cero sus tenencias de papel comercial
13.10.2022
La empresa ha ido sustituyendo gradualmente su tenencia de papel comercial por bonos del Tesoro de Estados Unidos
Polygon Launches zkEVM Testnet — Defi Projects Uniswap, Lens, Aave Join Testing
11.10.2022
The blockchain project Polygon has announced the launch of the zkEVM public testnet, a layer two (L2) scaling solution announced in July that aims to reduce fees and inherit the security of the Ethereum blockchain. Polygon considers the testnet “the first open-source zkEVM network,”...
Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Potentially Help Decentralize Mining
11.10.2022
A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower...
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
1.10.2022
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....
Blockchain Data Provider Chainlink Launches Programs to Reduce Costs Ahead of Staking of Its Token
28.9.2022
The popular blockchain oracle network’s new “Build” and “Scale” programs set the stage for the LINK token staking to begin in December 2022, said cofounder Sergey Nazarov