Tag: Bringing
Dota 2: DPC South America Regional Finals LB Round 1 & UB Finals
All the action from the DPC South America Regional Finals. We've seen some standout performances on the stage during South…
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Footprint Analytics: Will Cardano explode in 2022?
CORRECTING and REPLACING Ethernal Labs Raises $20 Million in Seed Round to Continue Building an NFT Tech, Metaverse, and Play-2-Earn Gaming Giant Based on...
The offering combines two NFT & metaverse marketplaces, a social platform for fan tokens, avatars, and white label solutions on a one-stop-shop virtual ecosystem. LOS ANGELES–(BUSINESS WIRE)–First paragraph, second sentence of release dated February 10, 2022, should read: The announcement follows a $20 million raise during its seed round, with investors including Riot Games Head […]
The post CORRECTING and REPLACING Ethernal Labs Raises $20 Million in Seed Round to Continue Building an NFT Tech, Metaverse, and Play-2-Earn Gaming Giant Based on Ethernity’s Licensed IP appeared first on Fintech News.
Metaverse is booming, bringing revolution to real estate
Real estate may be forever revolutionized, thanks to decentralized technologies. As the Metaverse grows — so does digital real estate.
Kia Launches ‘Dogmented Reality’ App Ahead Of Super Bowl
AR technology brings Kia’s robotic dog to the real world. Kia has teamed up with the Petfinder Foundation to launch “Robo Dogmented Reality,” a one-of-a-kind Super Bowl ad campaign that will bring a cute robotic dog named “Robo Dog” into your living room using 8th Wall’s AR technology platform. When you launch the AR experience, […]
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Intel announces plans to venture into blockchain technology
“U.S. Is Working On Crypto Regulations”- SEC Chief Gary Gensler
SEC Chief Gary Gensler today said that the securities regulator is working together with the Commodity Futures Trading Commission (CFTC) over crypto guidelines. What’s more, he also said that to ensure investor protection, the SEC is ‘trying to work with different crypto platforms, exchanges, lending platforms’. In an interview with Bloomberg, SEC Chairman Gary Gensler
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Humanode Raises $2M Led by Republic Capital: Testnet Hits 1650 Unique Validators
Flare Expands its DeFi Offering With Ola Finance Partnership
Kenya Releases Discussion Paper on CBDCs
The Central Bank of Kenya (CBK) has released its discussion paper on the possibility of a central bank digital currency (CBDC) and is now awaiting feedback from the public regarding the potential benefits and risks associated with it along with the regulatory concerns. Those willing to participate have until May 20, 2022, to submit their comments. In a discussion paper examining the potential use of a digital currency, the central bank said that CDBC solutions could flatten the multi-layered correspondent banking structure and shorten the payment chains. “This discussion paper is part of CBK’s initiatives to ensure informed policy review regarding financial sector innovations. CBK invites the public, industry and stakeholders to review this discussion paper on CBDC and provide feedback and ideas to be considered when assessing the use case for CBDC in Kenya,” it said. According to the financial institution, a CBDC could potentially shield the public from the risk of new forms of private money by providing safer and more trustworthy payment services in comparison to the new forms of money such as stablecoins. Overall, CBDC also presents an opportunity for cyberattacks and other security threats, including data privacy issues. Nigeria became the first country in Africa to launch its central bank digital currency (CBDC), in October last year while Ghana is at the advanced stage of launching its digital currency. Similarly, Zambia is also carrying out research on CBDCs. Currently, Kenya ranks 5th in the 2021 Global Crypto Adoption Index, according to blockchain analysis firm Chainalysis. As of June 2019, 91 countries are currently involved in sovereign digital currency research with just 14 advancing to the pilot stage, according to the Atlantic Council . Overall nine countries have already implemented a CBDC.
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Ripple Becomes the “Gold Supporting Member” of Digital Euro Association
Ripple partners with Digital Euro Association (DEA). The Partnership involves knowledge sharing for European CBDC. Ripple will update the design
The post has appeared first on thenewscrypto.com
US SEC Working With CFTC on Crypto Regulation, Says Gensler
The chairman of the US Securities and Exchange Commission (SEC), Gary Gensler recently stated that the regulatory agency is working with the Commodity Futures Trading Commission (CFTC) on regulating cryptocurrencies. Appearing in an interview with Bloomberg this week, SEC Chief Gary Gensler was asked on the state of crypto regulation in the US to which he replied “We do have a broad agenda and crypto is part of that agenda.” To make this possible, the securities regulator is working with the American derivatives market regulator, Commodity Futures Trading Commission (CFTC). “We are going to work with the Commodity Futures Trading Commission (CFTC) where there are some commodity tokens. While many of these are securities, some may be under their remit. We work together as two federal agencies,” Gensler added. On Wednesday, the Wall Street Journal reported that the Chairman of the Commodity Futures Trading Commission, Rostin Behnam called out lawmakers to grant the agency authority to regulate cryptocurrencies as such assets are in great need of protection, according to him. Behnam is of the view that the Congress should pass a law that would allow CFTC to regulate certain types of cryptocurrencies while providing funding to conduct additional oversight. Currently, the agency is limited to only regulating derivatives. According to him, such legislation would aim to fill a regulatory gap, as some types of cryptocurrency fall outside the jurisdiction of the federal government’s including the Securities and Exchange Commission (SEC). Behnam’s appeal came just a day after the US Justice Department seized over $3.6 billion worth of Bitcoin stolen during the hack of Bitfinex cryptocurrency exchange, its largest financial seizure ever.
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