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The Financial System Is In ‘An Age of Disruption,’ BIS Official Admits

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tion Hub. Speaking at the Geneva Conference on the World Economy in Geneva, Switzerland on Thursday, Cœuré said that “cryptocurrencies, the rapid rise of decentralized finance (DeFi), and digital ID systems” are all disrupting legacy systems at the moment. And although the BIS official admitted that new technologies “can foster greater efficiency,” he also said …

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El Salvador Gov’t to Mitigate Against Fuel Price Crisis – Using its Bitcoin App

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rators had negotiated a deal with two fuel distribution companies, meaning that Chivo users could receive a discount worth USD 0.20 per gallon at petrol stations across the nation. Bukele wrote that the “state-owned company Chivo” had “negotiated with the largest gas station companies in the country,” and that the move would “mitigate several increases …

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Crypto Carnage Awaits 2.2M S Korean Account Holders On Friday

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rel=”noopener noreferrer” href=”https://www.donga.com/news/article/all/20210922/109352590/1″>Per Donga and Maeil Kyungjae, the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) held an unscheduled summit to see if they could determine which exchanges have already closed, and which are now only offering crypto-to-crypto trading. In order to do the latter, trading platforms must have obtained information security management …

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USD 230M Avalanche, Binance Centralization, Influential Vitalik + More News

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e/”>AVAX tokens, according to Bloomberg. Other participants in the token sale included R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital, and a group of angel investors and family offices, the report added.The Swiss crypto exchange-traded product (ETP) issuer 21Shares has chosen the crypto asset index provider Vinter to provide DeFi-focused indices for both its new …

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Drops Allows NFT Holders and DeFi Traders Consistent Returns on Digital Assets Holdings

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etting involved with NFTs by issuing their own unique versions. Many industry experts are now recommending that investors consider gaining exposure to the non-fungible tokens space. NFT and DeFi asset holders who have already acquired NFTs might now be looking for ways to put their parked assets to work. These investors might be looking to …

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12-year-old NFT Whizz Rakes in USD 400K in Ethereum – and Wants to HODL it

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Benyamin Ahmed. People say that crypto is complicated. But it’s actually child’s play – literally. Whether it’s nine-year-olds mining ravencoin (RVN) using their brothers’ gaming consoles, or teenage Bitcoin (BTC) miners raking in USD 54,000 a month, the next generation is embracing crypto with unparalleled gusto. The latest young prodigy to join the [Full content …

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Bitcoin ATMs: Illinois-Funded CoinFlip, New Compliance Cooperative + More News

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ATM news Bitcoin (BTC) ATM operator CoinFlip is expanding in Illinois, USA, by moving into an old post office in Chicago, according to the Washington Examiner. The company received funds from the state …

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US May Regulate DeFi, El Salvador’s Bitcoin Draft Regulations + More News

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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Decentralized finance (DeFi) projects may still fall under the jurisdiction of the US Securities and Exchange Commission (SEC), the watchdog’s chairman Gary Gensler told The Wall Street Journal. He [Full content …

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