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Crypto Miami

Channel address: @crypto_miami
Categories: Cryptocurrencies
Language: English
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💥Latest Cryptocurrency and Blockhchain news.
Contact: @Arpiner7

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The latest Messages 2

2024-03-13 17:30:24
FDIC Vice Chairman Takes Aim at Controversial SAB 121, Pushes for Regulatory Clarity

Regulatory Hurdles for Blockchain? FDIC Vice Chairman Speaks Out
In a bold move, FDIC Vice Chairman Travis Hill has set his sights on the contentious SAB 121, an accounting bulletin from the SEC that has raised eyebrows in the banking world. Speaking at George Mason University's Mercatus Center, Hill didn't mince words when he criticized the lack of regulatory clarity surrounding blockchain and distributed ledger technology, which he believes has given the impression that the FDIC is hesitant to embrace innovation.

Striving for Clarity Amid Technological Advancements
While acknowledging the challenges of keeping up with rapidly evolving technology, Hill emphasized the importance of providing clear guidelines to financial institutions. He stressed that regulators should strive to define what is permissible and what constitutes a safe and sound approach in this ever-changing landscape.

SAB 121: A Sour Note in Banking Regulation
Hill's critique extended to SAB 121, which he sees as a departure from standard accounting practices. The bulletin's requirement for banks to include digital assets on their balance sheets doesn't sit well with him, as it imposes additional capital and liquidity requirements that could hinder banks' ability to participate in this space meaningfully.

Congressional Showdown Looms Over SAB 121
The House Financial Services Committee has already taken a stance against SAB 121,passing a resolution that aims to overturn it. Now awaiting a full vote in the House of Representatives, this move signals growing opposition to the SEC's accounting approach.

FDIC's Watchful Eye on Crypto Continues
Hill's recent remarks follow the FDIC's cautious stance on cryptocurrencies highlighted in their latest Risk Review report. With an eye on consumer protection, the FDIC has been tightening its grip on advertising rules to combat misrepresentations and false advertising related to deposit insurance coverage.
54.2K views14:30
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2024-03-10 17:30:32
Binance's Bold Move: 'Crypto Perfume' Sparks Controversy Amid Industry Scrutiny

Binance, the crypto giant, has raised eyebrows with its latest marketing ploy: a luxury fragrance aimed at attracting more women to the world of digital assets. Released on International Women's Day, this move is anything but subtle.

Rachel Conlan, Binance's Chief Marketing Officer, defends the campaign as a disruptive statement, emphasizing that women have a pivotal role in the ongoing crypto revolution.

The motive behind this unconventional scent? Encouraging women to dive into the realm of cryptocurrency and expand their financial horizons.

As an incentive, Binance plans to reward the first 5000 female graduates of their beginner course with $25 worth of USDT tokens. It's an intriguing fusion of finance and fragrance under the label "Eau de Binance."

Beyond perfume, Binance is also actively engaging with women through local meetups and social media initiatives, highlighting the significance of their presence in the crypto space.

However, it's worth noting that Binance has faced its fair share of challenges lately. From legal battles to regulatory scrutiny, including a recent run-in with the US SEC over alleged securities law violations, it seems like not everything smells like roses for this exchange.
74.4K views14:30
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2024-03-09 17:00:30
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94.4K views14:00
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2024-03-07 20:01:24
AirDAO has launched an upgrade for its Bond Marketplace, boosting its ecosystem with a bond market for AMB and other AirDAO Ecosystem tokens.

Through the Bond Marketplace, users can obtain AMB with up to a 49% discount and vesting periods ranging from three days to three months. Bonds can be bought with AMB, USDT, & USDC with no minimum order amount, ensuring accessibility to all.

Users can make fractional purchases of bonds. For example, a user can buy $5 worth of a $1000 AMB bond. New Bonds are listed every Monday and Thursday and will only be available for 24 hours after listing!

AirDAO will reward the ten most active users weekly with a SWORD token airdrop after its Token Generation Event (TGE). After six weeks AirDAO will reward the five overall most active bond marketplace users; the top user will receive a greater share of the SWORD prize pool!

Here’s an example of how the Bond Marketplace works: Buy 10,000 Bonded AMB, offered below market price with a 5% discount and a three-day expiry. After three days, you’ll get 10,500 AMB!

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89.9K views17:01
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2024-03-07 19:30:06
El Salvador's Bitcoin Revolution: Bukele's Bold Bet Pays Off!

El Salvador's President Bukele is proudly defending his Bitcoin strategy as the nation's holdings soar to a record-breaking 53% profit, clocking in at an impressive $164.7 million when Bitcoin reached its all-time high of $69,200 on March 4.

Despite media skepticism, Bukele's decision to buy 1 Bitcoin daily since the start of 2022 has paid off handsomely, with El Salvador now boasting a hefty stash of 2,380 BTC, valued at a cool $159.2 million.

This visionary leader, who secured a landslide victory in the recent elections, isn't just focused on profits. He's also transforming El Salvador into one of the safest countries worldwide, with crime rates plummeting by a remarkable 70% in 2023.

But Bukele isn't content with just hoarding digital gold. He dreams big and aims to build the world's first-ever Bitcoin city, aptly named "Ciudad Bitcoin." This ambitious project will be powered by cryptocurrency, promising a tech-savvy and sustainable future.

The global crypto community is watching closely as El Salvador pioneers this bold experiment in integrating digital currency into everyday life. Updates on Ciudad Bitcoin's development and its impact on education are eagerly awaited.

Speaking of education, El Salvador is not just embracing Bitcoin; it's also leading the way in teaching the next generation about blockchain technology. Students are already learning how to run nodes on the blockchain, thanks to forward-thinking initiatives like Node Nation.
89.8K views16:30
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2024-03-07 14:02:05
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101.2K views11:02
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2024-03-06 23:00:32
LAST CHANCE! Join the $STAR Airdrop & Tournament Maps Sale before it's too late!

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96.1K viewsedited  20:00
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2024-03-04 18:01:12
BIS Takes the Lead: Global Stablecoins Under Scrutiny

The Bank for International Settlements (BIS) has just dropped a must-read executive summary on global stablecoins, outlining key recommendations for their regulation and oversight.

While acknowledging the potential of stablecoins to revolutionize finance, BIS also raises a cautionary flag, stressing the need to address the risks they pose to financial stability.

Defining global stablecoins as those with a wide reach across borders and potential systemic importance, BIS puts forth ten recommendations to ensure they maintain a steady value relative to an underlying asset.

Collaboration is key! BIS calls for enhanced cross-border cooperation, coordination, and information sharing among authorities to foster regulatory consistency and effective supervision.

Authorities are urged to be fully equipped with the right powers, tools, and resources to regulate and oversee these arrangements, while taking a technology-neutral approach that focuses on activities and risks.

As "the bank for central banks," BIS takes its role seriously in promoting monetary and financial stability through international cooperation. This latest move aligns with the G20's call for a closer look at stablecoin regulation back in 2019.

Originally published in October 2022, these updated recommendations reflect BIS's ongoing commitment to shaping a consistent and effective regulatory framework for the brave new world of stablecoins.
125.8K views15:01
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2024-03-03 15:01:46
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70.2K views12:01
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2024-03-01 18:00:45 Introducing M2 Exchange, The New Home of Crypto, fully regulated based out of Abu Dhabi.

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95.8K views15:00
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