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Ravi Menon says the country is instead clearing a path for CBDCs and regulated stablecoins. There will not be a place for private cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) in the monetary scene as many of them fail the “fundamental tests of financial services,” Monetary Authority of Singapore’s managing
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Earlier this year, Korean media reported that lawmakers were working on the Digital Asset Basic Act (DABA), which collectively refers to 17 draft bills that largely focus on investor protection. As of now, none of these bills has passed. “We were on the way to make some new crypto legislation,
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Place/Date: - January 8th, 2023 at 11:00 am UTC · 4 min read Source: HedgeUp The international cryptocurrency market is expected to cross $2.73 billion in 2025 while clocking a CAGR of 13.8%, according to a report. The figures reflect the confidence of cryptocurrency users in a
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The fallout from the collapse of FTX spans beyond the Web3 and crypto ecosystem. Reports gathered by the Financial Times suggest that nightclubs in Miami have been negatively affected by the collapse of the once-reputable cryptocurrency exchange.According to nightclub owners, young, nerdy crypto bros went from lavishly spending on champagne
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sponsored A lot has happened since the idea of Penguin Karts was first conceived. Who would have thought that a nostalgic memory would spawn the development of a blockchain project, let alone one that has been gaining steam like this. Today, we wanted to highlight what we believe makes Penguin Karts
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The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has all the ingredients of a Hollywood film — eye-popping sums, colorful protagonists and crypto cloak-and-dagger — so much so that Netflix has already commissioned a
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Simultaneously, as the bill will only be a point of departure for India, our focus would also be on the following – discovering how India’s taxman claims seigniorage, the regulatory framework the advertisement council adopts, gauging the size of India’s dark web activity, and highlighting how India finds the balance
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Boba Network, a recently released L2 layer for Ethereum, has quickly jumped to second place in TVL (total value locked) among all expansion layers. Boba, which is a fork of Optimism, another L2 layer based on rollups, reached more than $1 billion in TVL, surpassing Optimism. This is likely due
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The DeFi market appears to no longer be the domain of retail actors alone as the institutional investment footprint in the crypto market segment continues to attain more significant levels.According to blockchain intelligence firm Chainalysis, institutional investors played a major role in decentralized finance (DeFi) adoption in Q2 2021.In its
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Unlike many digital tokens, the AXPR token is equipped with a burn function as well as a dual blockchain advantage as it sits on the Ethereum network as well as the Binance chain.aXpire is an enterprise software development firm that has been operating and providing top-quality services for 17 years.
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