Sherrod Brown’s final committee message includes a crypto warning
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.”
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Crypto Firms Brace as World Bank Predicts 20% Crash in Global Remittances
The World Bank predicts global remittances will decline by one-fifth this year, offering a poor outlook for cross-border crypto remittance firms. 696 Total views 19 Total shares The World Bank has predicted that the global remittance industry will retract by 20% amid the global economic slow-down resulting from the coronavirus pandemic.With a plethora of crypto…

Cortex Launches Deep Learning and AI Network for Decentralized Apps
Cortex has launched a network for decentralized apps powered by artificial intelligence (AI,) according to a news release published on June 26.The company claims this is the first time that AI has been introduced to a crypto network at scale. It is hoped the technology will be used to generate credit reports for the decentralized finance industry and…

Scan your dog and go walkies in the Metaverse: Virtual NFT pets get popular
New research suggests that during the height of COVID-19, the number of people searching for a furry friend to keep them company hit new highs – not only physically but also in the Metaverse. The question is, are tokenized pets here to stay, or are they a pandemic fad?The Metaverse is widely regarded as the…

Telegram to Beat Facebook to the Punch With Gram Token October Launch
Encrypted messaging app Telegram will launch its digital currency, the Gram, in October, investors have told mainstream media. Telegram tokens due in two monthsAs the New York Times reported on Aug. 27, three anonymous investors in Telegram’s $1.7 billion private initial coin offering (ICO) said the company had confirmed it would issue the first tokens in…

Bitcoin monthly RSI lowest since September 2020 in fresh ‘oversold’ signal
A key Bitcoin (BTC) metric has just reached its lowest levels since the months after the March 2020 market crash.As noted by popular analysts on Jan. 5, Bitcoin's relative strength index (RSI) is printing a "hidden bullish divergence" on monthly timeframes — and if it plays out, they say, the result will be very pleasing…

Australian regulators rattle their saber as adoption takes a major leap: Law Decoded, Aug. 22-29
ASIC prepares to put crypto and DeFi firmly in its sights. Australia’s Northern Territory Racing Commission is preparing to adopt cryptocurrencies in gambling 308 Total views 24 Total shares Australia’s financial regulator, Securities and Investments Commission (ASIC), has pledged to put crypto assets and decentralized finance (DeFi) firmly in its sights over the next four…

Binance Opens Up ‘Full Fiat’ Australian Exchange
The most recent spin-off from the mothership, Binance Australia, claims to provide local traders with the speed, deep liquidity and security of the flagship platform. Major cryptocurrency exchange Binance is launching a fiat-to-crypto trading platform in Australia, offering support for direct purchases of crypto using the Australian dollar (AUD).Binance already operates Binance Lite Australia which…

US gov’t $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again.The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.”Analyst: Fed will have “no choice” with rate cutsThe U.S. Federal Reserve…