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“There is evidence that crypto-assets can cause significant harm on the climate and environment,” said the amendment put forth by Urtasun, which called for €800,000 ($803,000) of public money to be committed to developing a scientific way to measure the environmental impact of mining and identifying greener alternatives. Source
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Blockdata used the size of the funding rounds as a proxy for total investment, saying it is not possible to determine the amount contributed by each participant in a round. Samsung (005930) was the most active, investing in some 13 companies. Google parent company Alphabet (GOOGL) participated in four funding
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The U.S. Securities and Exchange Commission isn’t volunteering to clarify what makes a crypto token a security, but the agency showed some of its hand in enforcement documents crypto lawyers are studying like scripture. Source
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And, indeed, there have already been allegations of insider trading at Coinbase. In July, the U.S. Department of Justice charged a former Coinbase product manager, his brother and their friend with wire fraud and insider trading. The trio were accused in that case, which revolved around tokens including TRIBE and
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The announcement noted how central banks across the world were seeing "the potential of retail CBDC as being the foundation of the future financial system." Source
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“The holy grail of cross-border payments is a solution allowing cross-border payments to be immediate, cheap, universal and settled in a secure settlement medium,” said the study, which was co-authored by Ulrich Bindseil, the ECB's director-general for market infrastructure and payments. Original Source
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If left unchecked, a digital euro could prove too popular, the authors warned. “Under no quantity limits and no remuneration, the amount of CBDC in circulation would be larger (i.e., of roughly 65% of quarterly real GDP) and the steady state effects on banks’ valuations and lending would be comparatively
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But the resources needed to maintain and interpret the information stream is high, it noted – requiring a small team of officials working round the clock. Coping with that kind of workload could require BaFin to work with other German regulators such as the BSI, which is responsible for cybersecurity,
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Criminals that used cryptocurrency as part of committing a crime are more likely to receive a tougher sentence in Australian courts, a new study has found. The study, titled “Crime and Cryptocurrency in Australian Courts,” published on Monday in the Monash University Law Review, found that the use of cryptocurrency in
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The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research. This finding counters concerns that a CBDC may encourage runs on weaker banks. According to the July 12 paper,
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