Andrew B

Andrew specializes in crafting well-researched articles on blockchain technology, offering readers both technical insights and market analyses

Chairman Rostin Behnam: Bitcoin’s Price Could Boost Under CFTC Regulation

Chairman Rostin Behnam of the Commodity Futures Trading Commission (CFTC) stated that CFTC-guided regulation with its knowledge and experience makes it the ideal regulator for the digital asset commodity market. He expressed that CFTC regulation could have a positive impact on the crypto industry and possibly amplify the price of bitcoin.

by Andrew B

Fed Chair Jerome Powell Shared Updates On The Central Bank-Issued Digital Dollar

U.S. Federal Reserve Chairman Jerome Powell has clarified the outlook on how a U.S. central bank digital currency (CBDC) or digital dollar might be issued in the near future. Citing that the coming years are focused on research and building public confidence in CBDC as more important priorities for now.

by Andrew B

Stablecoin Salary: Guido Cannetti First Argentine Athlete To Be Paid In Crypto

Bitwage, the world’s pioneer and leading provider of cryptocurrency and stablecoin payroll services, has partnered with Argentinian Ultimate Fighting Championship (UFC) fighter Guido Cannetti. Following the partnership, Canneti will become the first argentine athlete to receive a stablecoin salary in USDC.

by Andrew B

Top Central Bankers Agree Appropriate DeFi Regulation Is Necessary

The world's top central bankers, Jerome Powell of the United States Federal Reserve Chairman, Christine Lagarde the President of the European Central Bank (ECB), and Agustín Carstens, the General Manager of the Bank for International Settlements (BIS) are looking into regulating decentralized finance (DeFi). During a panel discussion on digital finance hosted by  Banque de France, the attendees shared and tackled their views on DeFi. They acknowledged and urge that broader DeFi regulation is essentially needed

by Andrew B

Bitcoin Mining Is Shifting Towards Nuclear Energy

The mix of energy sources powering Bitcoin mining has shifted considerably in the past three years, moving away from coal and hydropower, and towards nuclear energy and natural gas, data from the Cambridge Centre for Alternative Finance (CCAF) shows. 

by Andrew B

Researchers Suggest Reversible Transactions Could Minimize Risk Of Crypto Thefts

As the growing multibillion-dollar crypto thefts raise concerns in the crypto space, a group of researchers at Stanford University have initiated a proposal that would mitigate the exploitation of crypto funds. They have introduced Ethereum token standards ERC-20R and ERC-721R that would support reversing malicious transactions.

by Andrew B

AC Milan Extends Its Presence In The NFT Space By Partnering MonkeyLeague

Today’s sports industry has taken a craze on non-fungible tokens or NFTs as multiple sports teams rush on this new phenomenon for fear of missing out. The Italian football giant, AC Milan has announced a new collaboration with Web3 e-sports platform MonkeyLeague. To maximize the potential of both parties, they formed a strategic partnership in the NFT space that will cover  NFT games, collectibles, and merchandise.

by Andrew B

Apple To Facilitate NFT Sales But Wants To Charge 30% Commission

Non-fungible tokens or NFTs have been making waves and making their way into mainstream culture. One of the biggest tech companies in the world, Apple, will reportedly allow NFT sales on the Apple App Store. However, the company will be entitled to a 30% commission despite the fact that it won't play any role in the sale

by Andrew B

Stablecoin Bill Unlikely To Push Through This Year

A draft stablecoin bill in the United States House of Representatives is in progress that focuses on regulating stablecoins that would impact its issuers and collateralization. However, it is unlikely that the United States House of Representatives could pass the bill to regulate stablecoins by year-end. 

by Andrew B

Cardano Vasil Upgrade Finally Launched

Cardano (ADA) is presently the eighth largest cryptocurrency based on market capitalization. Cardano's much-awaited and anticipated Cardano Vasil hard fork has finally gone live. The latest hard fork of Cardano is the blockchain’s most significant update that would help to fix security loopholes in its protocol and improve contract functionality.

by Andrew B

Why Crypto Tax Evaders Should Worry About The IRS

The cryptocurrency market has grown in popularity and become mainstream throughout the years. Consequently, as the crypto community grows larger, trading volumes increase to new highs and with the growing acceptance of cryptocurrency as a  mode of payment,  the United States is also making more effort to ensure that the Internal Revenue Service (IRS) can properly collect crypto tax on digital assets.

by Andrew B

Court Orders Tether USDT To Prove Its Backing

Tether has been ordered by New York Judge Katherine Polk Failla, to come forward with documents proving their Tether USDT backing. The lawsuit claims this unbacked cryptocurrency was used for price manipulation in Bitcoin (BTC) currently valued at $370 billion according to the Coinmarketcap data which caused no less than $1.4 trillion damage to crypto markets as well.

by Andrew B

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