The EU has taken a firm stance on stablecoins. But a senior government official in Lithuania says the move will not stop stablecoin operators from proceeding with their plans as the EU is not against innovations and simplified payments. Today, the Council and the Commission adopted a joint statement, warning that no global stablecoin project…
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Crypto markets continue to trade sideways, with Bitcoin struggling to recover from its intraday low of below $7,200. Thursday, Dec. 5 — cryptocurrency markets have continued to trade sideways, with 18 of the top 20 coins by market cap seeing notable losses at press time. After Bitcoin (BTC) attempted another recovery yesterday to break above…
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Hardware wallet manufacturer Ledger has hired in-house security officer as chief technology officer to oversee the company’s security operations. Hardware wallet manufacturer Ledger has hired Charles Guillemet as chief technology officer (CTO) where he will oversee the company’s security operations. In a press release shared with Cointelegraph on Dec. 5, Ledger said that Guillemet has…
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The benefits associated with stablecoins pale in comparison to their risks and challenges, according to a new statement from EU authorities. No global stablecoin project will begin operation in the European Union (EU) until the associated risks to monetary sovereignty are addressed, according to EU authorities. In a joint statement adopted by the Council of…
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Yesterday, a record of $8.9 billion in Bitcoin were moved on the blockchain in a single hour. On Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender. Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft,…
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White GuanYin statue in Hainan. Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Chinese island province of Hainan is set to create the nation’s first blockchain free trade zone (FTZ), reports Xinhua. The news agency says…
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Adding to the legal uncertainty surrounding cryptocurrency in Russia, the country’s Ministry of Internal Affairs has confirmed earlier reports that it is cooperating with the Russian Supreme Court and a number of other federal institutions to prepare draft legislation that would allow the authorities to confiscate cryptocurrency, with plans to submit a proposal by the…
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Microsoft’s cloud platform Microsoft Azure announced the “Azure Heroes” blockchain non-fungible tokens aimed at rewarding its developer community. Microsoft’s blockchain-enabled cloud platform Microsoft Azure announced the “Azure Heroes” blockchain non-fungible tokens (NFT) aimed at rewarding its developer community. The tokens represent cartoonish badgers (a play on the word “badge”) and aim to compensate positive behavior…
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California-based fintech company Figure Technologies has completed its $103 million funding round led by Morgan Creek Digital. California-based fintech company Figure Technologies has completed its $103 million funding round led by cryptocurrency asset manager Morgan Creek Digital. In conjunction with closing the Series C round, the blockchain-focused firm announced that Morgan Creek co-founder Anthony Pompliano…
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