Author: Donald Munn
Alphabet’s Google Cloud division is reportedly forming a team of blockchain experts to develop the technology as applied to its business, according to CNBC. Google looking for a team of blockchain experts Richard Widmann, Google’s head of digital asset strategy at its cloud unit, told CNBC that the cloud group plans precisely to hire several blockchain experts in the coming months. “There are) things we can do to reduce the frictions some customers have with respect to paying for centralized cloud utilizing cryptocurrencies”. Google’s cloud service already offers blockchain tools for developers who have the capability and interest in using…
Rarible and OpenSea, two of the most popular Non-Fungible Token marketplaces, suffered a hacker attack that caused NFT collectors to lose out on their valuable Bored Apes and Cool Cats. The hacker allegedly earned a total of 332 ETH on the resale of the NFTs purchased at a lower price. Hacker attack on Rarible and OpenSea, what happened The main problem of the two NFT marketplaces of OpenSea and Rarible seems to have been a particular API that would have reported a bug, discovered by the hacker with the account ‘jpegdegenlove’ who would have earned 332 ETH. Security blockchain company…
Congress, the Fed and the US administration have been talking about the need for new regulation for cryptocurrencies in the US for months now. US, cryptocurrency regulation needed In July, Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen had talked about the need to quickly pass regulation on the crypto market. Powell in particular had spoken about the urgency in the regulation of stablecoins, whose increasing spread could represent a clear destabilizing element for traditional financial markets. In this sense, it is also worth adding that for now, the United States does not consider it necessary to engage in…
In a joint statement, the Bank of Thailand (BOT), the Securities and Exchange Commission (SEC) and the Ministry of Finance (MOF) issued a statement to express the need for prompt regulation of digital payments in Thailand, which are most prevalent in the country, and would include cryptocurrencies. The need to regulate crypto payments in Thailand Thai financial authorities stated that: “Digital asset business operators have expanded their business to cover services related to the use of digital assets as a means of payment for goods and services”. The new regulation aims to protect users and consumers from the many crimes…
According to the latest data released by Crypto Valley, Switzerland is confirmed to be a truly global hub for the cryptocurrency and blockchain industry in 2021 as well, with no less than 14 companies that can be defined as “unicorns.” The unicorns of Switzerland’s crypto valley In fact, the VC Top 50 Report 2021 shows that the Crypto Valley of Switzerland and Liechtenstein is increasingly thriving, thanks to clear and favorable regulations, a decentralized mindset, and a favorable business environment. There are now no less than 14 companies in the Swiss Crypto Valley that exceed $1 billion in valuation (i.e.,…
In the United States, and specifically in Arizona, a bill has been filed to make Bitcoin legal tender. This was done by Senator Wendy Rogers. Bitcoin legal tender: the text of the bill in Arizona The bill is very short. It is only one article in which Bitcoin is listed among the legal tender assets, giving also the following definition: “Bitcoin” means the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central…
According to a survey by the consulting firm American Banker, carried out by interviewing 175 executives of local and global banks in the US, in 2022 the number of banks that will start offering various services in cryptocurrency is expected to almost double. The survey on crypto services in banks The research shows that 44% of bank executives surveyed said they are already working on implementing cryptocurrency services by 2022. The figure is unusual both because it comes from one of the most reliable sources in the United States regarding the world of innovation and technology in banking and because…
The crypto and FX markets have notable similarities: both are global and decentralized. In both cases, there is no primary exchange in each jurisdiction, with most transactions taking place without any centralized intermediary (exception: Futures traded on CME and few other Exchanges). As a result of these structural considerations, we might expect the dynamics of the crypto market to have more similarities with FX than with traditional equities. However, the FX market is older and more developed than crypto. Thus, it may be instructive to examine how the FX market has developed over time to get a sense of some…
New week, new crypto horoscope dedicated to the coming week which runs from 31 January to 6 February 2022. This period will be marked by two transits: the New Moon in Aquarius on Tuesday 1/2 Mercury returning direct from Thursday 4/2 For several months now, we have been devoting space to the crypto horoscope written by Stefania Stimolo, an expert in astrology and blockchain. You will find this analysis of your zodiac signs every Sunday only on cryptodailynews24.com. With our “Reporting the Future” slogan, we wanted to playfully expand on this theme with this entertainment column. The crypto horoscope We…
The year 2022 could be a turning point for the crypto sector, despite an uncertain start, with markets often in the red, winds of war and fears about changing monetary policies. To support the thesis of an important year is the exchange XTB that has collected its forecasts in the report illustrated on 26 January at the initiative “Perspectives 2022: how to invest amid inflation and new monetary policy strategies”. The 2022 of the crypto sector According to the exchange, 2021 was an important year marked by the upward trend of the sector, a trend that may continue in the…