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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Recent data published by Hashrateindex indicates that the United Arab Emirates (UAE) is carving out market share from the global bitcoin mining sector. This development can be attributed to the their proactive adoption of web3 technologies
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Fitting somewhere in the middle of the debate between central bank digital currencies (CBDCs) and private stablecoins, the Federal Reserve Bank of New York’s New York Innovation Center (NYIC), which has collaborated on the project since last year, concluded that “the network has the potential to deliver improvements in the
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Virtual worlds will need international engagement to stay open and secure, a leaked European Commission strategy paper said. Source
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Stablecoin has a lot of potential to harm emerging markets and developing economies, the Reserve Bank of India (RBI) claimed in its latest Financial Stability Report, released June 28. The report listed six threats that stablecoin presents.The RBI has been a steadfast critic of cryptocurrency, but it was particularly articulate
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The year 2023 has seen a sudden surge in the number of applications for Bitcoin Exchange-Traded Funds (ETFs). Major financial institutions and asset management firms, including Valkyrie, BlackRock, and Fidelity, have joined the race to launch their own Bitcoin ETFs. But what has triggered this sudden explosion in Bitcoin ETF
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Silicon Valley was the second-highest ranked U.S. hub in CryptoX's Crypto Hubs 2023. Several of the eight criteria were measured on a national basis, so all the U.S. hubs were hampered by a middling crypto regulatory score, a drivers criteria, which at 35% was the most heavily weighted overall. This
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Let’s start with Japan, which is actively trying to position itself as a Web3 powerhouse. To be clear, Japan is hardly a newcomer. But after the cryptocurrency exchange Coincheck was hacked in early 2018, the country went into something like hibernation. Regulators tightened the reins, and the mood in the
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Dubai and its sibling hub Abu Dhabi were rated tops in the regulatory structure, the most heavily weighted criterion at 35% of the total score. But the impact was blunted by the UAE’s bottom-quintile crypto adoption score, indicating that the larger population of the UAE is not as crypto-savvy as
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Chainstack Global Elastic Nodes are available on a pay-as-you-go basis, making them highly cost-effective for developers. Chainstack, a leading provider of blockchain infrastructure services, has recently announced the launch of its Global Elastic Nodes. This new offering is set to empower developers with the most reliable infrastructure for Web 3.0, enabling
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Huobi Global Ltd. has announced plans to discontinue ten trading pairs, predominantly those associated with the USDD stablecoin, as part of their ongoing efforts to optimize user trading experiences. Renowned digital currency exchange Huobi Global Ltd. stated
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