Author: e_cash_top

[ad_1] The U.K. Treasury has finalized its regulatory approach to the crypto industry, which will be enacted in multiple phases, with the first phase bringing fiat-backed stablecoins under the supervision of financial watchdogs. In a policy update released on Oct. 30, the Treasury outlined its strategy to regulate stablecoins, with an initial focus on fiat-backed…

[ad_1] Quick Take The U.S. dollar, reigning as the global reserve currency, has been the standard benchmark for valuing all assets. However, an intriguing shift occurs when we start benchmarking financial assets against Bitcoin instead of the traditional USD. Take the U.S. long bond (TLT) as an example, which is currently trading at approximately $84.…

[ad_1] President Joe Biden has issued an executive order focusing on the safety, security, and trustworthiness of artificial intelligence (AI). The directive outlines new standards for AI and mandates several measures aimed at mitigating potential risks associated with AI systems. Under the new order, developers of powerful AI systems will be required to share safety…

[ad_1] Quick Take Bitcoin (BTC) has seen a noteworthy surge in October, marking a 28% increase and paving the way for it to be the second most lucrative month of the year, tailing behind January’s 40% ascension. One key metric that provides an insightful perspective is the ‘realized price‘, a concept that reveals the mean…

[ad_1] Quick Take The dynamics of Bitcoin futures open interest unveils an intriguing interplay between major exchange platforms, Binance and CME. The former, a global cryptocurrency exchange with a wide reach, currently holds a slightly larger piece of the pie at just over 28%. CME, primarily known for institutional trading, accounts for 26% of all…

[ad_1] Quick Take Bitcoin’s mining difficulty, an important metric for the health of the network, has seen another positive adjustment, 62.46T, marking the fourth consecutive rise. This time, the increase is slightly over 2%, a subtle yet important change that signifies the continued growth and resilience of the network. Difficulty: (Source: Glassnode) As a consequence…

[ad_1] Brazil’s Receita Federal — the Special Department of Federal Revenue — has recently reported a substantial increase in the usage of stablecoins, specifically Tether’s USDT. According to the regulator’s report, the volume of USDT exceeded the combined trading volume of all other cryptocurrencies in 2022. Stablecoins make up roughly 10% of the global trading…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Twitter/X owner Elon Musk revealed new details of his planned payment services during an all-hands staff meeting, as reported by The Verge on Oct. 26. Musk said the new feature will cover almost all areas of finance, stating: “When I say payments, I actually mean someone’s entire financial life. If it involves money, It’ll…

[ad_1] Taiwan has taken a significant step towards regulating its flourishing virtual asset market by introducing a new bill called the “Virtual Asset Management Regulations Draft,” which aims to create a comprehensive regulatory framework for the crypto industry. The move comes as Taiwan grapples with the exponential growth of virtual assets in the country. The…