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EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

EU’s Latest Coronavirus Recovery Deal: What’s Wrong with Fiat and What’s Right with Crypto

The recovery fund spearheaded by the EU is made up of €390 billion in grants and €360 billion in loans, which will be added to a new Multiannual Financial Framework (MFF), with the sum of €1.074 trillion as a seven-year budget. The heads of state and government have reached a unanimous agreement, resulting in a total financial package of €1.82 trillion.

European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks

European Central Bank Encourages Clear Regulatory Structure for Stablecoins to Reap the Benefits While Minimizing Potential Risks

The European Central Bank (ECB) published an in-depth report on global stablecoins, focusing on highlighting the requirement for clear regulatory parameters for stablecoins, and the risks it may pose to financial stability. The ECB suggests that a “robust regulatory framework” must be established to address risks before its benefits could be explored.

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock Blockchain Platform 1.0 to Hasten Development of Decentralized Networks

ArcBlock has released an updated framework called ArcBlock Blockchain Platform 1.0. It will assist businesses and developers to quickly manage and build decentralized applications and blockchain networks.

Ontology to Digitize Grocery Shopping Through Blocery DApp

Ontology to Digitize Grocery Shopping Through Blocery DApp

Ontology (ONT), a high-performance public blockchain project and distributed trust framework, has revealed its teaming up with Blocery, a high-end grocery pre-purchase/ agricultural products purchase e-commerce platform, for a premium dApp.

Voyager Digital announces the listing of Elrond Gold token

Voyager Digital announces the listing of Elrond Gold token

Voyager digital has just listed the Elrond gold token on it’s exchange

Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

Bittrex Exchange Halts Services In 31 Countries Due To Regulatory Risk

Bittrex, a U.S-based blockchain platform that provides real-time trade execution, dependable digital wallets, and industry-leading security practices, has just recently announced the shutdown of operations in 31 countries of the world.

Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Galaxy Digital Capital Management Launches Bitcoin Funds While Making Bakkt and Fidelity Custodians

Galaxy Digital Capital Management LP, an affiliate of Galaxy Digital Holdings Ltd, issued two Bitcoin funds with Bakkt and Fidelity Digital Assets as custodians for the funds, while Bloomberg L.P will be the pricing agent.

Largest North American Bitcoin Self-Mining Company, Marathon Announces $250 Million Registered Direct Offering of Common Stock

Largest North American Bitcoin Self-Mining Company, Marathon Announces $250 Million Registered Direct Offering of Common Stock

Marathon Patent Group, Inc. (Marathon) the largest enterprise Bitcoin mining company in North America announced a $250 million registered direct offering of common stock.

World Economic Forum Launches Global Consortium for Digital Currencies Governance

World Economic Forum Launches Global Consortium for Digital Currencies Governance

The World Economic Forum has unveiled a global consortium that aims to design a framework for the governance of digital currencies, including stablecoins. The consortium will focus on increasing access to the financial system through innovative policy solutions, which are interoperable and inclusive. The inspiration behind the formation of the consortium is based on the premise that opportunities for financial inclusion can only be unlocked if the space is properly regulated and include private-public cooperation across emerging and developed markets.

Unannounced Ethereum Hard Fork: Binance ETH Withdrawals Temporarily Halted

Unannounced Ethereum Hard Fork: Binance ETH Withdrawals Temporarily Halted

Ethereum’s network has suffered a hard fork, as there were irregularities on infrastructure providers Infura and Blockchair.

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework

IOTA Foundation, a distributed-ledger technology developer, and Jaguar Land Rover, a leading British luxury car manufacturer, have introduced IOTA Access.

The ECB Expresses Concerns on Regulating Stablecoins

The ECB Expresses Concerns on Regulating Stablecoins

Due to the lack of regulation of stablecoins, concerns have been conveyed by the European Central Bank (ECB) despite stablecoins with a clear governance framework.

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