Author: Donald Munn
The New York State Department of Financial Services (DFS) has issued new Regulatory Guidance for stablecoins pegged to the US dollar. New York State releases stablecoin compliance guidance Dollar-pegged stablecoin issuers can now rely on clear regulatory guidance The guidance was issued by DFS Superintendent Adrienne A. Harris, and sets out the basic criteria for USD stablecoins issued by entities regulated by the DFS itself. The new regulatory guidance addresses four issues in particular. The support of tokens The first is the support of tokens and their full redeemability in USD. Indeed, according to this guidance, USD stablecoins must be…
Tether has announced that it will launch its USDT tokens also on the Tezos blockchain. Tezos blockchain welcomes Tether (USDT) The most capitalized stablecoin on the market enters the Tezos ecosystem Tezos is a blockchain born in 2018 and based on Proof-of-Stake. Its native cryptocurrency, XTZ, is ranked 36th overall by market capitalization. Tezos is used by brands and institutions working on Web3 projects in particular, so the ability to use stablecoins pegged to the US dollar on its dApps is particularly important. It is the only layer one blockchain to successfully evolve and update over time without hard forks.…
The European Union’s Blockchain Observatory and Forum team recently published a report on the applications of blockchain technology in the energy field. Blockchain and the energy sector: an EU report The EU report shows how blockchain can be used to fuel the energy sector’s transition process to a more sustainable world The report consists of a lengthy 53-page PDF, and is the first in a series of thematic reports produced by the new team leading the Observatory. The aim is to present the latest updates and developments in the EU blockchain ecosystem, and to reflect on the latest trends so…
Milan, 08 June 2022 – Forever Bambù, a leading Italian company and a pioneer in giant bamboo in Europe, has innovated its sector by managing the entire life cycle of bamboo forests, from planting to the use of biomass for the production of bioplastics from cane fibres to CO2 offsetting services for companies and businesses. Forever Bambù uses NFTs to contribute to environmental sustainability Today, armed with solid experience, they announce a step forward by guaranteeing their own offsetting and mitigation service, Forever Zero CO2, through blockchain technology and NFTs. This is the first Italian project that transparently and immutably…
Investors took advantage of the favourable situation to increase their exposure to gold, according to data from Spectrum Market. The SERIX, or the Spectrum European Retail Investor Index, is a 100-based instrument that can be used to gauge whether sentiment is bullish or not on a particular asset, security, etc. Spectrum Market data shows an increase in gold investments Investors are using the decline in gold to accumulate more safe haven assets Based on trading data from the Pan-European stock exchanges, the SERIX is concerned with determining the direction taken by the markets and is also a valuable tool for…
It is Monday morning, and every student logs into Roblox, ready to learn conductivity. Instead of the whiteboard, the tutor logs into Roblox to play a game with the kids represented by their avatars. The tutor explains conductivity as avatars move through different rooms, spaces, and cubicles in the game. In the afternoon, sustainable energy is the topic; the children compete in virtual races with green hydrogen cars, petrol-fuelled cars, and battery-powered cars. After the race, the tutor explains why some cars did not branch the fuel station, and others did not emit any smoke. Then, with a smile and…
These are record results at the end of the first quarter of the year for the Cake DeFi platform, founded in 2019 by Julian Hosp and U-Zyn Chua. In just a few years, it has managed to make its way into the crypto world, becoming one of the leading and most popular platforms in decentralized finance. Cake DeFi sets a new record for rewards for its customers The platform, which was created primarily to enable investments with innovative tools, such as staking, has immediately gained popularity in the world of decentralized finance, so much so that the two founders are…
Bitcoin Analysis Bitcoin’s price closed in red figures by a slim margin on Tuesday. BTC’s price sold-off drastically on the new daily candle on Tuesday but rallied during the day’s second 12 hour candle. After Tuesday’s session had concluded, BTC’s price was -$222. The first chart we’re analyzing today is the BTC/USD 1D chart below from q8tvsmart. BTC’s price is trading between the 1 fibonacci level [$25,365.62] and 0.786 [34,702.90], at the time of writing. The bullish BTC market participants have their sights on reclaiming the 0.786 fib level with a secondary target of 0.618 [$42,033.09], and a third target…
Today, 8 June 2022, the first actual test of the Ethereum Merge is scheduled. In a few hours, @ethStaker is hosting the Ropsten Merge Call! Predicting the exact time is a bit of a challenge (see https://t.co/B4rZmXAMnL), so make sure to keep this tab open if you'd like to listen in and claim the attendance @poapxyzhttps://t.co/9qAqnHrqX5 pic.twitter.com/xogB5Gr0tO — trent.eth (@trent_vanepps) June 8, 2022 The Ethereum Merge test live on YouTube The final Merge, the date of which is not yet known, will see the current Proof-of-Work (PoW)-based blockchain being merged with the new Proof-of-Stake (PoS)-based Beacon Chain. However, this is…
Custodia has sued the Fed’s Board of Governors and the Federal Reserve Bank of Kansas City, accusing them of “illegally” delaying the opening of an account by 19 months. Custodia, the bank for digital assets, challenges the Fed in court Custodian Bank sues the Fed for the delay in opening an account necessary for the bank’s business Wyoming-based Custodia Bank, formerly called Avanti Bank, has decided to sue the Kansas Federal Reserve and the Central Federal Reserve for unlawful conduct against it. The bank, founded by former Morgan Stanley managing director Caitlin Long, alleges that the Fed delayed the bank’s…