While the prevailing traditional financing models resulted in the crypto and blockchain sector raising billions of dollars over the years, they are not without weaknesses, according to Project Catalyst’s group product manager. At the recent Cardano Summit in Dubai, Kriss Baird, the principal figure of Project Catalyst — a community-driven governance and grants and funds mechanism through voting within the…
Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on Epic Games Store, which is home to massively popular titles like Fortnite. Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Epic’s store from Nov. 28, following several months of background work to get the…
Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of “Giveaways” on Telegram. In result, Tron (TRX) is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever. Telegram CEO buys $200K of TON On Nov.…
The aim of the new liquidity guidelines is to ensure that the stablecoin can be quickly redeemed even during turmoil market conditions to avoid the risk of any bank runs and contagion in a crisis situation. Under the proposed liquidity guidelines, stablecoin issuers must offer any stablecoin backed by a currency that is fully redeemable at par to investors. The…
Circle, the company behind the market’s second-largest stablecoin USDC, is reportedly mulling an initial public offering (IPO) for next year. Sources close to the matter have indicated that Circle is in discussions with advisory entities regarding a public listing, as reported by Bloomberg. “Becoming a US-listed public company has long been part of Circle’s strategic aspirations. We don’t comment on…
The Commodity Futures Trading Commission (CFTC) has unveiled its enforcement outcomes for Fiscal Year (FY) 2023. It highlights a historic surge in digital asset cases, actions to enforce regulatory obligations for registrants, manipulation and spoofing cases, and groundbreaking court decisions in intricate legal disputes. The statement released by the CFTC shows that about 50% of the cases brought to its…
Toncoin (TON), a cryptocurrency created by the popular messaging app Telegram, is enjoying another bullish moment as the price of the token surged 8.4% overnight. At the time of this writing, TON is changing hands at $2.61, a level last seen in February 2022, as the latest price action also saw the asset’s market cap soar over $10.5 billion and…
UAE lawyer Irina Heaver explained that the new guidance is part of the UAE’s efforts to be removed from the Financial Action Task Force’s (FATF) “grey list.” Source: https://cointelegraph.com/app/public/index.php/news/uae-vasps-central-bank-rules-fatf
Central banks have a responsibility not only to keep pace with the digital age but to lead innovation, Agustín Carstens, General Manager of the Bank for International Settlements (BIS), believes. In his opening remarks at the conference in Basel on Nov. 8, Carstens called the central bank digital currencies (CBDCs) the “central element” of this leadership and elaborated on the…
Blockchain technology is having a tangible positive influence on environmental stewardship through innovative projects that are retiring carbon credits, generating staking yields to support ecological initiatives and incentivizing communities to monitor and protect natural resources. Cointelegraph delved into the world of regenerative economies and finance at Solana Breakpoint in Amsterdam, facilitating a panel featuring three speakers that are intimately involved…
