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The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s deputy managing director, Gita Gopinath. G20 Nations Discuss Crypto
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The G20 is working to create a global crypto policy consensus for better asset regulation and accountability. The G20 governments are reportedly working on developing a unified crypto policy. If successful, this crypto policy should function as a framework that all member countries should follow to regulate digital assets.Commenting on the development, India’s
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The need for such content has never been more acute. In the last 12 months, we’ve seen crypto and Web3 seep ever more into mainstream conversation. It has penetrated America’s power centers. NFTs (non-fungible tokens) are now minted by actors, athletes and musicians, while franchises such as Bored Ape Yacht
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Climate activists are now turning towards Bitcoin, urging the network to adopt a sustainable PoS consensus. Proof of work network is notorious for its extensive energy consumption, using vast amounts of energy to process crypto transactions After Ethereum’s successful transition towards the proof of stake consensus, several climate activities are now turning
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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions. Financial Authorities in Russia Consider Legalizing International Cryptocurrency Payments In the
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The upcoming consensus change that Ethereum, the second largest cryptocurrency by market cap, is planning to execute in September has worried many users about the possibility of censorship happening at a protocol level. This means that, even by interacting directly with smart contracts, blacklisted addresses would not be able to
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Scalability problems have plagued Ethereum, the second-largest blockchain network in the world, for some time now. The proof-of-work model’s inability to scale demonstrates that blockchains implementing this consensus process are limited to transaction throughput rates of a single digit. It is evident to any developer who has attempted to create a
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Bitcoin whale Tim Draper was one of the lead investors in the round. Original Source
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The Internet of Things (IoT) blockchain Helium shut down for about 4 hours on July 11 due to validator outages from a software update, causing delayed transaction finality.During the outage, devices transferring data over the network were not affected, but miner rewards and token transfers were left pending. The team
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In Austin, however, the Lambos were absent, replaced with even more expensive McLarens. One, wrapped in a pattern of hundreds of overlapping Doge faces, attracted a large crowd when its owner, crypto influencer Julia Love, parked it in front of the Hilton. Source
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