XRP may face volatility as market waits for ‘concrete results’ — Analyst
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments.
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MakerDAO slashes stability fees as stablecoin demand wanes
Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Decentralized finance lending and stablecoin protocol MakerDAO has adjusted stability fees across a wide range of crypto assets used as collateral on the platform.The move comes as the demand for DAI and other stablecoins has cooled amid the recent crypto market retracement,…

CBDCs will gradually displace private banks, says Russian lawmaker
Some Russian banks have been increasingly concerned about the potential implications of the digital ruble after the first pilots started in August. 117 Total views 3 Total shares Central bank digital currencies (CBDC) and blockchain technology are likely to displace traditional banks, according to a lawmaker in Russia.Anatoly Aksakov, head of Russia’s parliamentary financial committee

Iota selected for Phase 2A of EU blockchain initiative
In the coming months, Iota plans to pilot product passports for digital waste recycling and the cross-border management of intellectual property rights for artists' creative work. 242 Total views 10 Total shares On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one…

Breaking: US lawmakers file ‘SEC Stabilization Act’ to fire Gary Gensler
"U.S. capital markets must be protected from a tyrannical Chairman, including the current one," Congressman Warren Davis wrote in reference to SEC head Gary Gensler. 3987 Total views 19 Total shares United States Congressman Warren Davidson has introduced the "SEC Stabilization Act" into the House of Representatives, announced on June 12. One of the bill's…

Yes, robots will take our jobs — But that’s okay
Across numerous industries throughout the decades, there has always been a pervasive fear that robots are going to take our jobs. While there has been plenty of evidence that automation ultimately moves human workers off production lines, automation often needs human interaction in order to operate within acceptable margins. When we think of these robots…

From Positive Regulation to Ponzi Comparisons: What Went On at US Congress Crypto Hearings
July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the…

Digital euro’s privacy promise not worth a centralized system, Oasis exec says
When European Central Bank board member Fabio Panetta addressed the European Union Committee on Economic and Monetary Affairs in April, he emphasized the importance of privacy in any potential future CBDC rollout. The ECB had conducted a public consultation on the possibility of a digital euro, canvassing the opinions of over 8,000 individuals and businesses.…

Leak of Facebook’s Internal Q&A Sessions Reveal Early Strategy for Libra
Newly leaked audio from Q&A sessions between Facebook’s CEO and employees has revealed Facebook’s early strategy for Libra's launch.On Oct. 1, tech news site The Verge published audio and text from two internal meetings held at Facebook in July.Along with major topics such as Facebook’s potential breakup by regulators, Mark Zuckerberg devoted a significant part…