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The Chief Economist Of Israel Offers Suggestions For Crypto Regulations
The Chief Economist Of Israel Offers Suggestions For Crypto Regulations
The chief economist of Israel offers suggestions for crypto regulation. The chief economist recommended giving the Israel Securities Authority and the Supervisor of Financial Service Providers more power to supervise the industry. Israel's chief economist has outlined a list of suggestions on how authorities should approach the nation's digital asset laws in order to securely increase crypto use. Shira Greenberg, the chief economist at the Ministry of Finance, proposed for a more thorough reg
DeFi Giant MakerDAO Voting On DAI Stablecoin Rewards Hiking
DeFi Giant MakerDAO Voting On DAI Stablecoin Rewards Hiking
The community of decentralized financial company MakerDAO is voting to increase the yearly return for its DAI stablecoin by up to 1%. Members of the community can vote in a ranked-choice poll until December 1 to raise the so-called DAI Savings Rate to 1%, 0.75%, 0.5%, 0.25%, or leave it at its current 0.01% rate. MakerDAO started the voting process on Monday. At the time of publication, all votes were in favor of raising the interest rate to 1%. This may change as more voters cast ballots. Th
Uzbekistan Grants Two Local Crypto Companies First Crypto Licenses
Uzbekistan Grants Two Local Crypto Companies First Crypto Licenses
Only authorized cryptocurrency companies will be permitted to provide Uzbek citizens crypto trading services beginning in January 2023. The Uzbek authorities have begun giving regulatory approvals to local cryptocurrency service providers as they get ready to implement a new cryptocurrency framework in 2023. According to an announcement made public on November 17, Uzbekistan's main cryptocurrency market watchdog, the National Agency for Perspective Projects (NAPP), has granted the country's fi
Blockchain VC Funding Halves In October Despite Some Strong Raises
Blockchain VC Funding Halves In October Despite Some Strong Raises
Although VC funding is still falling, Uniswap bucks the trend by raising $165 million in a Series B round. Venture capital investments in blockchain fell dramatically in October compared to the prior month. Inflows of venture money into the blockchain industry fell significantly from September to October. Individual deals decreased from 93 to 69 every month. 1. Despite the challenging market conditions, large raises From Evolution Equity Partners, Octopus Ventures, 3VC, Tensor Ventures, Depo
Putin Calls For An International Payment System Based On Blockchain Technology
Putin Calls For An International Payment System Based On Blockchain Technology
The Russian President slammed Western sanctions and advocated for a regime "free of foreign meddling." On November 24, Russian President Vladimir Putin spoke at the International AI Journey Conference in Moscow, criticizing the monopoly in global financial payment systems and calling for an independent, blockchain-based settlement network. During an event hosted by Sberbank, Russia's largest bank and a major lender to the government, he stated: “The technology of digital currencies and blockch
Crypto Lender BlockFi Declares Bankruptcy as FTX Fallout Spreads
Crypto Lender BlockFi Declares Bankruptcy as FTX Fallout Spreads
Days after halting withdrawals due to the lingering effects of exchange FTX's insolvency, crypto lender BlockFi filed for bankruptcy protection on Monday. The business announced that it was seeking Chapter 11 bankruptcy protection, indicating that it wanted to restructure while carrying on with business in the meantime. BlockFi has around $257 million in cash in hand, claims a press release. A Bermuda-based affiliate is likewise submitting a similar form for liquidation. BlockFi's executives e
Executive Of AAX Quits The Crypto Exchange Amid Continuous Operational Halt
Executive Of AAX Quits The Crypto Exchange Amid Continuous Operational Halt
Ben Caselin, a former executive at AAX, claimed that the brand's reputation has been damaged and that his position at the company is now meaningless. The vice president for global marketing and communications of the AAX exchange announced his resignation from his position at the cryptocurrency exchange weeks after the company began to halt withdrawals. Ben Caselin revealed the reasons for his decision to leave the company and his position in a thread on Twitter. Caselin claims that despite his
Binance Created $1 Billion Rescue Fund Named Industry Recovery Initiative (IRI)
Binance Created $1 Billion Rescue Fund Named Industry Recovery Initiative (IRI)
According to CEO Changpeng "CZ" Zhao, Binance created a $1 billion or more recovery fund to buy distressed crypto assets. We can allocate more, CZ added, according to the news source, if that isn't enough. Following the demise of FTX and its CEO Sam Bankman-Fried, CZ has emerged as a key figure in the sector over the past few months, solidifying his status as a key leader. On Twitter earlier this month, he voiced his worries about FTX and canceled a proposal to buy it to help it out of its fin
Japan Launches Central Bank Digital Yen Currency Experiment
Japan Launches Central Bank Digital Yen Currency Experiment
The Bank of Japan (BOJ) is still testing a prospective digital yen despite Japan's uncertainties on whether to issue a central bank digital currency (CBDC) or not. According to a Nov. 23 article by the regional news agency Nikkei, the Japanese central bank has begun working with three megabanks and regional banks to execute a CBDC issuance trial. The pilot program aims to offer demonstration tests for the issuing of the digital yen, Japan's national digital currency, beginning in the spring of
Sports Fan Tokens Rally During FIFA World Cup, Despite The Crypto Market Gloom
Sports Fan Tokens Rally During FIFA World Cup, Despite The Crypto Market Gloom
Sports fan tokens are soaking in a new wave of excitement due to the FIFA World Cup 2022, which began on Sunday, despite the doom and gloom of the collapsed FTX crypto markets. Fan tokens for the national soccer teams of Portugal (POR) is up 50% during the previous week, according to FanMarketCap, a fan token price tracker. The native token of the Chiliz blockchain (CHZ), which powers the largest platform for creating tokens for sports fans, Socios.com, has increased by 11% too. However, all
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