Category: Latest news
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A comprehensive guide for consenting developers (Part 2)
[ad_1] This is the second part from EVM vs SmartWeave: A comprehensive guide for consenting developers. Lazy Execution: An Alternative Perspective The modular thesis has been one of the most prominent narratives in the blockchain space over the past few years. Pretty much all of the leading L1s, Solana could be the only exception here,…
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Federal reserve drains a quarter of USD liquidity: economic consequences await
[ad_1] Quick Take Recently, the Federal Reserve (Fed) has initiated a policy shift that sees a decrease in United States Dollar (USD) liquidity by 25%, according to analyst Joe Consorti. This strategy contrasts markedly with the earlier Quantitative Easing (QE) policies. The result is a significant reduction in the asset value that banks utilize for…
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SEC says part of the Ripple ruling was ‘wrongly decided,’ hints at filing appeal
[ad_1] The U.S. Securities and Exchange Commission (SEC) said that a portion of the Ripple ruling was “wrongly decided,” according to documents filed in court on July 21. The part of the ruling referred to — the part that went against the SEC — stated that the sale of XRP on exchanges did not constitute…
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Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirage
[ad_1] The post Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirage appeared first on CryptoSlate. [ad_2] Source link
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Celsius reaches settlement that will enable users to receive assets by year-end
[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…
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How blockchain is reshaping business transactions and consumer remittances
[ad_1] Blockchain technology has made significant advancements across various sectors, but it can be challenging to distinguish between real-world applications and lofty promises. Two standout cryptocurrency use cases have begun to showcase their transformative power: business transactions and consumer remittances. Both areas currently suffer from inefficiencies in the current system, such as high fees and…
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Shifting sands: Japan and China’s decreasing holdings in U.S. treasury securities
[ad_1] Quick Take The U.S. Department of the Treasury publishes a monthly report known as the Treasury International Capital (TIC) report, which provides information on the holdings of U.S. Treasury securities by foreign countries. Japan and China are traditionally the largest foreign holders of U.S. Treasury securities. These holdings are significant because they indicate these…
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FTX planned to buy island of Nauru and build bunker in case of mass human extinction
[ad_1] FTX members allegedly planned to purchase a small island nation in case of disaster, according to a July 20 filing in the company’s bankruptcy case. Case text shows that an unidentified FTX officer communicated with Gabriel Bankman-Fried — the brother of former FTX CEO Sam Bankman-Fried — the possibility of buying an 8.1 square…
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American couple accused of laundering stolen Bitfinex funds arrange plea deal
[ad_1] A couple accused of money laundering in connection to a 2016 hack of the crypto exchange Bitfinex have reached a plea deal, Reuters said on July 21. Senior Judge Colleen Kollar-Kotelly has reportedly ordered prosecutors to file a copy of the plea deal from the accused, Heather Morgan and Ilya Lichtenstein, by July 27.…
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Binance France records €4 million loss in 2022, optimistic for profit in 2023
[ad_1] Binance France first audited financial records covering 14 months between when the company was created in November 2021 to December 2022 showed that the exchange recorded a loss of €4 million. Throughout the period, Binance France incurred total expenses of €14 million to cater for its staff payroll, marketing, administrative costs, taxes, and professional…