Bitcoin ETFs are 'orange FOMO poker chips' that siphon on-chain funds back into TradFi
Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to the macro researcher.
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Ripple’s XRP Ushers in Wallet Termination Capability
XRP users can now delete their wallets on the XRP network if they so desire — an update put in place after the community majority voted in favor of the change."After maintaining an 80% consensus during the mandatory 15-day voting period, the XRPL Deletable Accounts Amendment became enabled on May 8, 2020 at 4:29:30 UTC,…
Brazil: Senate Commission will analyze the AI bill in 120 days
The bill, aimed at regulating the artificial intelligence in the country, was introduced to the Senate in December 2022. 188 Total views 2 Total shares Catching up with the wave of regulatory attention to artificial intelligence (AI), Brazil gets its work plan to discuss, analyze and, if necessary, amend the bill on AI regulation. On Sept.
TON Society issues open letter to France urging Pavel Durov's release
French President Emmanuel Macron has been widely criticized by tech executives such as Elon Musk and Rumble CEO Chris Pavlovski.
Big Four Auditing Firm KPMG Launches a Crypto Management Suite
KPMG’s new tools should help crypto services firms in complying with regulations. 652 Total views 19 Total shares Big four auditing firm KPMG launched a cryptocurrency management suite with analytic features.According to a June 22 announcement, the new KPMG Chain Fusion suite is meant to allow financial technology companies to more easily offer crypto asset…
Major crypto projects to unlock $755M in July
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‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity
Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations.In a blog post about the claims, Nexo stated:“Several…
Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi
The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and staking providers like Celsius.On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its…