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Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec — CoinDesk

“Without proper regulation, these developments could amplify international shocks and undermine financial resilience globally,” Panetta said. “We could see risk-biased technological change, whereby the digitalization of finance favors business models that are riskier for the global economy.” Original Source

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Bitcoin Mining Firm Fortress Names Ex-Galaxy Digital Exec as New CEO — CoinDesk

Scalia and Armstrong were granted a standard options deal for joining the company (650,000 committed shares at an exercise price of $0.56 per share), but there’s also an asset purchase agreement. Fortress agreed to purchase approximately CAD$254,000 (US$200,600 ) worth of bitcoin mining machines and CAD$306,000 (US$241,700) worth of bitcoin

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Morgan Stanley exec says Bitcoin is the ‘Kenny from South Park’ of money

Morgan Stanley's Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny.The 24-series show has garnered a global audience

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Crypto adoption is a ‘huge challenge,’ says Chinese central bank exec

The rapid adoption of cryptocurrencies like Bitcoin (BTC) poses a major challenge for the traditional financial system, an executive at the Chinese central bank has warned.Wen Xinxiang, director of the payment and settlement department at the People’s Bank of China (PBoC), has expressed concerns over the growing popularity of cryptocurrencies

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El Salvador adoption a ‘coming of age’ for Bitcoin, says Fidelity exec

El Salvador’s adoption of Bitcoin (BTC) as legal tender is widely celebrated across the crypto ecosystem, but one expert believes the importance of the rollout was a little bit exaggerated.Speaking to CNBC, Fidelity Investments director Jurrien Timmer said that the significance of El Salvador’s Bitcoin move is “a little bit overplayed.”“Because

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Binance Australia onboards former DigitalX exec as new CEO

Binance Australia has announced the appointment of Leigh Travers, the former chief executive of local blockchain technology and payments firm DigitalX, as the company’s new CEO.Travers has worked at DigitalX for seven years, and previously served on the board of leading local blockchain industry body, Blockchain Australia. In June 2014,

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