Cryptocurrency
Cryptocurrency
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Digital Asset Investment Firms Increase DeFi Funding while CeFi Investment Decreases
Investments in DeFi increased almost three times in 2022 and was an impressive 65 times more than the investments made in 2020
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Ethereum's Shanghai hard fork postponed by around two weeks
The upgrade was initially planned to be launched in late March, but now it is expected to be rolled out in the first two weeks of April
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Near Protocol launches Web3-focused blockchain operating system
The focus of the new operating system is to enhance user experience on Web3 by creating a common layer for exploring and discovering open web resources
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U.S. Treasury Continues to Evaluate CBDC Design Options and Policy Issues
The Treasury's CBDC Working Group is studying both wholesale and retail CBDCs, with wCBDC raising more technical issues, while rCBDC involves accessibility problems
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HSBC and Nationwide Follow Suit to Prohibit Crypto Credit Card Purchases: Bloomberg Report
Several other banks in the U.K. have also imposed limitations on their crypto services, including Santander, Natwest Group, and Lloyds Banking Group
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France votes in favour of legislating stricter licensing rules for new crypto firms
The new law being proposed would not affect the 60 crypto companies that are already registered with the French financial regulator
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UAE's Ras Al Khaimah plans to launch a free zone for virtual and digital asset firms
The aim of the free zone is to create a space for innovative companies that are at the forefront of the digital and virtual asset industry
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Digital Dollar would safeguard national security: Ex-Biden advisor
China has already launched its own central bank digital currency (CBDC), while the United States is still evaluating the advantages and drawbacks of CBDCs
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Illuvium DAO prevents opening of NFT packs by Su Zhu, the founder of 3AC
The Illuvium community was worried about the potential risks of being connected with Zhu, who has been accused of engaging in unethical behaviour
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IMF would rather regulate crypto instead of banning them: IMF Managing Director
During the G20 finance ministers' meetings in India, Georgieva explained the IMF's stance on digital assets and emphasised the importance of regulating them
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Ukraine received $70M+ in crypto donations since the beginning of the war
Non-fungible tokens (NFTs) have also been donated, including an auction held by UkraineDAO, which sold an NFT of the Ukrainian flag for $6.1 million