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An original June 2021 plan from the Basel Committee, which told banks to issue $1 in capital for each $1 of crypto they hold, drew a volley of criticism for being too conservative, effectively ruling out any incentive to get into crypto markets. A later iteration, published one year later,
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At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said:“It is an architecture that the internet was
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A compromise deal that would see the use of many stablecoins limited to 1 million transactions per day is “quite a good end result,” because it will only capture real-world payments rather than trading activity, Patrick Hansen, Crypto Venture Advisor at Presight Capital, told CoinDesk in an online interview. That
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Metamask gambling has been growing in popularity over the last couple of years. With the rise of the Web3 space and online
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Many companies and industries are incorporating Web3 technologies into their business structures, and the travel industry is no exception.On Wednesday, Flybondi, an Argentinian airline, announced a strategic alliance with TravelX, a blockchain technology company responsible for tokenizing flight tickets. The partnership intends to enable travelers to purchase airline tickets as
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“Clearly, it's good to see the continued statements of intent – with many in the industry perhaps fearing this was Sunak's baby, and scarce little from Truss herself in recent times,” Nick Jones, CEO of Zumo, a U.K.-based crypto wallet startup, told CryptoX in a statement. Source
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As the world waits to see America’s take on cryptocurrency regulation, crypto enthusiasts should keep one thing in mind: The industry can trust Senator Cynthia Lummis. Her proposal with Senator Kirsten Gillibrand, which we’ve all been waiting for action on, is bipartisan in nature.We’re still awaiting the final details, but
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The White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed an executive order on the same matter. However, one crypto industry leader has lamented the lack of clarity and understanding
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There’s never a good time for a crypto winter, but it would be difficult to envision a worse time than right now.Even before 70% of Bitcoin’s (BTC) value evaporated seemingly overnight, things were not going great in the court of public opinion. Negative sentiment was everywhere; a Twitter account documenting
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The Uruguayan government has introduced legislation to the parliament that accelerates the regulation of the crypto space in the country and establishes the central bank as the regulatory authority.Introduced on Sept 5, the bill strives to clarify the country's regulatory framework for cryptocurrency assets, stating that all companies that provide digital
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