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White House to tighten banking regulation amid crypto resurgence

0xMain
March 31, 2023

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The US government is tightening its banking and AI regulations as cryptocurrencies profit from the recent US banking crisis. In a March 30 press briefing, White House press secretary Karine Jean-Pierre announced that the president had directed banking agencies to consider a series...

Uncertain crypto rules threaten 1m US tech jobs, Coinbase warns

0xMain
March 30, 2023

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Due to regulatory uncertainty on crypto, the United States could lose 1 million web3 developer jobs over the next seven years, Coinbase writes in its new report. A report by Electric Capital stated that the U.S.’s percentage of global web3 developers has decreased...

Crypto industry pushed to bank with institutional investors

0xMain
March 30, 2023

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Crypto YouTuber Lark Davis points to several significant events have been unfolding in the cryptocurrency space, and how big banks are entering the space. Among these developments are MicroStrategy’s additional bitcoin purchase, the launch of the first zero-knowledge proof Ethereum virtual machines, MetaMask’s...

Hong Kong will issue licenses to crypto firms in 2023

0xMain
March 30, 2023

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The Hong Kong securities and futures commission (SFC) will reportedly issue licenses to at least eight crypto firms this year. The SFC’s anti-money laundering and counter-terrorist financing (amendment) ordinance will take effect in June. SFC to greenlight crypto firms As part of larger...

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FDIC gives Signature crypto customers deadline to close accounts

0xMain
March 30, 2023

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Signature Bank’s crypto clients have been given a deadline to close down their accounts and move their deposits following the recent takeover of the bank. According to Bloomberg, the US Federal Deposit Insurance Corporation (FDIC) informed customers of the failed Signature Bank to...

Investors can diversify their crypto portfolios with bitcoin, digitoads, mdex and lido

0xMain
March 29, 2023

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A well-prepared should be appropriately diversified with a range of cryptos. With so many different currencies and tokens, deciding which ones are the most beneficial in terms of potential return on investment (ROI) can be challenging. It is wise to seek counsel from...

Canadian pension funds to reveal crypto exposure

0xMain
March 29, 2023

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In a bid to protect citizens’ retirements, the Canadian government will direct regulated pension funds to show their exposure to cryptocurrency. Part of Canada’s 2023 budget plan mentioned the need to protect investors from cryptocurrency risks, adding that “there is a clear need...

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Novogratz calls for liberal crypto regulations, names AI as real threat

0xMain
March 29, 2023

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Mike Novogratz has urged US authorities to take a more liberal approach toward regulating crypto. The Galaxy Digital CEO says the current onslaught on the web3 space, majorly due to Sam Bankman-Fried’s alleged fraudulent practices, is akin to “throwing away the baby with...

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Women and Gen Z lead crypto trading in Singapore, study reveals

0xMain
March 29, 2023

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In the ever-evolving world of cryptocurrency, recent research by Independent Reserve unveils a fascinating shift in adoption, awareness, and investment patterns among Singaporeans. As the industry recovers from a tumultuous 2022, the latest study offers a deep dive into the emerging trends among...

Whales are accumulating as crypto prices are still attractive

0xMain
March 29, 2023

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Recent data shows that whales have become active again. CryptoQuant analyst, who goes by the pseudonymous name SingleQuant, calls it the whale accumulation stage. The prices are still low and might look attractive for the whales to accumulate. The analyst believes that the...