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Rune Christensen, one of the founders of Maker, the decentralized autonomous organization behind the governance of stablecoin DAI, has spoken out against two competitors. He stated that UST, Terra’s dollar-pegged stablecoin, and MIM, another collateralized stablecoin, were “solid ponzis” and that the bear market would eventually lead their prices to
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U.S. inflation is red hot and a number of analysts and economists are predicting America will face further economic issues as politicians and the Biden administration blame corporations. This perspective on rising inflation has led finance authors like Isabella Weber to believe that price controls could ease America’s economic burdens. Biden
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The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to
Read More“My first thought was he must have been hacked”, said Hoskinson, reflecting on opening an email he received from David Barrett, the CEO of Expensify, urging him to vote for Joe Biden:Source: Twitter.Hoskinson later discovered that he was not the only recipient of the email at IOHK, but was rather
Read MoreCanada's central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency. "An anonymous token-based central bank digital currency (CBDC) would pose particular security risks," the Bank of Canada wrote in its Oct. 5 report. "These risks arise from how balances are aggregated
Read MoreEconomist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar. "The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:"It categorizes it with fiat, in contrast to
Read MoreWhat needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option?"Time," Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cryptox in an email. "This is NOT a technological revolution," he clarified, adding:"It’s a monetary revolution - which takes (traditionally)
Read MoreThe Information Commissioner’s Office (ICO) searched a business premises in Chichester today as part of an investigation into the making of nuisance
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