While MAS is considering requirements for risk disclosures for lending and staking, the regulator seems to be leaning towards outright prohibition, Nizam Ismail, CEO of Ethikom Consultancy and chairman of the regulatory and compliance sub-committee for the Blockchain Association of Singapore, told CoinDesk. “By putting in place blanket bans, Singapore-based platforms would be disadvantaged in not being able to offer these features,” Ismail said. Source link

Bitcoin investors’ sentiment improved after signals pointing to lower inflationary pressure suggested that the U.S. Federal Reserve could soon move away from its interest rate increase and quantitative tightening. Commonly known as a pivot, the trend change would benefit risk assets such as cryptocurrencies. On Jan. 22, the China-based peer-to-peer trades of USD Coin (USDC) reached a 3.5% premium versus the United States dollar, indicating moderate FOMO by retail traders. This level is the… Source link

That new beginning, crucially, is starting from a stronger baseline thanks to the wave of COVID-19 pandemic-driven education and enthusiasm, despite the wave of frauds that closed out the last bull. Bitcoin hit a local bottom of just under $16,000 back on Nov. 9, 2022, which, despite the huge drawdown from late 2021 highs, was still 66% up from prices as recently as September 2020. Source link

What happened The crypto market has taken a breather after a nice rally this year, with the price of the world’s largest cryptocurrency, Bitcoin (BTC -1.10%), falling back to roughly $22,500 after briefly topping $23,000 earlier this week. Since late afternoon yesterday, the price of the second-largest cryptocurrency, Ethereum (ETH -4.12%), traded roughly 4.5% lower as of 10:56 a.m. ET today. Meanwhile, the price of the large meme tokens Shiba Inu (SHIB -5.55%) and Dogecoin (DOGE -4.49%)… Source link

The human side of Bitcoin (BTC) is seldom explored in legacy or mainstream crypto media outlets. Even within the Bitcoin space, Bitcoin is “number goes up” technology, while catchphrases like “Bitcoin to the moon” and “have fun staying poor” rattle around like coins in a jar.  Bitcoin documentaries tend to sensationalize Bitcoin as a panacea to the world’s problems instead of offering nuanced portrayals of Bitcoin’s impact on the individuals who form the decentralized… Source link

The royalty-free, groundbreaking control board and firmware achieves sub 19 J/TH efficiency, and allows Bitcoin mining companies to gain full control of their mining operations TORONTO, Jan. 25, 2023 /PRNewswire/ — ePIC Blockchain, a leader in blockchain technologies, announced today new developments in their Universal Mining Control (UMC) product line. Built with ePIC’s PowerPlay technology, the UMC board and custom firmware allow Bitcoin mining operations to optimize their fleets by… Source link

The UK Government’s economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “Important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.” According to the Linkedin post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the Head of… Source link

Despite all the gloom and doom about the current crypto winter, the blockchain and crypto industry remains remarkably innovative. If anything, the ability to develop next-generation products and services might actually be easier now that there’s not the constant media hype to produce something immediately.  That’s why I really like what I’m seeing with three different tokens that are changing the crypto landscape: Uniswap (UNI -4.42%), Polygon (MATIC -4.98%), and BitDAO (BIT -2.27%). Each… Source link

“I’m very interested, as we seek to have an agile proportionate financial regulatory system, that our regulators move at the right pace,” he said. “We can’t have a financial system that’s competitive internationally, if it has slow latency, if it doesn’t operate at speed.” Source link

Twitter staff can tweet from any account, according to a former employee.Getty Images Twitter staff can tweet from any account, according to an FTC complaint seen by The Washington Post. The ex-Twitter engineer behind the complaint said it was called “GodMode,” and the company didn’t close it after a hack. In 2020, hackers tweeted a Bitcoin scam from several high-profile accounts after accessing internal systems. Twitter staff can tweet from any account using a program formerly known as… Source link