As regulators circle above, how should the DeFi industry respond?
Traditional finance evolved over centuries while DeFi is coming into its own in a few years, writes Adi Ben-Ari of Applied Blockchain. Are its risks inevitable?
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Steam, Epic Games take opposing stance on blockchain, NFT games
Two of the largest PC video game stores, Steam and Epic Games, have adopted different approaches to blockchain and non-fungible token (NFT)-based games — Steam has shunned them while Epic is open to it. Fast facts As NFT games like Axie Infinity are soaring in popularity, Valve, which operates Steam, has added games “built on…
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BTC price nears all-time-high as futures ETFs near approval
The U.S. could see a long-awaited Bitcoin futures ETF trading on the New York Stock Exchange and the Nasdaq in the next few days. Forkast.News spoke with market watchers to find out what it means for the industry.
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20% crypto tax is critical issue in next South Korea presidential election
Candidates and possible contenders in South Korea’s next presidential election call for delaying a plan to tax virtual assets — currently scheduled to begin in January — in a bid to appeal to millennial and Generation Z voters. Fast facts Lawmakers from both the ruling democratic party and the opposition party have spoken out against…
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Chinese President Xi Jinping underscores blockchain importance in transport
Chinese President Xi Jinping said on Thursday at the United Nations Global Sustainable Transport Conference the country needs to uphold an innovation-driven approach and create more drivers for development. He specifically mentioned in his remarks the integration of blockchain. Fast facts Xi said more should be done to develop smart transport and smart logistics and…
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SEC calls Ripple’s 30,000 legal requests in XRP lawsuit ‘abusive’ and ‘crushing’
But Ripple says its 5,000 pages of requests for admission to SEC are reasonable and could cut down on trial time.
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China’s Zhejiang province busts covert crypto mining operations — some within public entities
Hidden mining tracked by IP addresses to state agencies, enterprises, institutions, schools
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E-CNY soft rollout continues as Beijing Capital Airport accepts CBDC payment
The soft rollout of the electronic Chinese yuan (e-CNY) continues across China in advance of its expected formal launch in time for the Beijing Winter Olympics in February. In the latest sign, Beijing Capital International Airport has become the first airport in the country to support payment by the central bank digital currency (CBDC), which…
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Ripple joins Digital Pound Foundation as it looks to expand its CBDC business
Ripple, a San Francisco-based blockchain payments company, has joined the Digital Pound Foundation, a non-profit organization supporting the implementation of a digital pound in the United Kingdom, according to a Ripple blog post. Fast facts As a foundation member, Ripple will be represented on the board by Susan Friedman, Ripple’s head of policy. Other foundation…