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The latest Messages 16

2023-09-12 21:07:04
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263.4K views18:07
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2023-09-11 15:42:00
Uzbekistan’s President Legalizes and Taxes Cryptocurrency

The
president of Uzbekistan has approved a series of legislative amendments, marking a new chapter in the country’s approach to cryptocurrencies. The legislative changes, as reported by Forklog, span various facets of the cryptocurrency industry, heralding a progressive shift in how Uzbekistan views and regulates digital assets. Notably, these amendments extend to cryptocurrency exchanges, mining pools, cryptocurrency storage services, and mining operations.

The cornerstone of this regulatory framework is the requirement for cryptocurrency-related entities to obtain licenses to operate legally within the country. This proactive measure aims to establish a regulated environment that safeguards both investors and the broader financial system while promoting innovation and economic growth. One of the fundamental aspects of the new regulations is taxation. Once licensed, cryptocurrency entities are obligated to contribute to the country’s tax revenue. This signifies the recognition of cryptocurrencies as legitimate financial assets in Uzbekistan, subject to the same fiscal responsibilities as traditional businesses.

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278.1K views12:42
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2023-09-10 11:03:46
Worldcoin's Centralization Dilemma: 100 Wallets Still Dominate 93% of Total Supply

The
brainchild of Openai CEO Sam Altman, worldcoin (WLD) burst onto centralized crypto exchanges in late July 2023. The cryptocurrency aims to verify users’ identities by scanning their irises. The project also plans to address financial inequality and online identity authentication through its World ID feature. On its July 24 debut, WLD struck its zenith of $3.30 per token. But since that apex, the price has nosedived. Now fluctuating between $1.20 and $1.38, worldcoin recently plunged to an all-time low of $1.02 per coin on September 5.

From July 24 until August 18, new wallets mushroomed. But in the weeks since then, expansion has decelerated to a crawl, with addresses swelling just over 11% in that period. This slowdown suggests worldcoin’s initial burst of skyrocketing adoption has eased into a steadier, more modest climb. Moreover, while there are close to 600,000 WLD wallets, the top 100 control 93.82% of the entire supply of ​​176.89 million WLD. The 100 addresses commanding most of the supply hold 165.96 million worldcoin tokens. The Worldcoin contract address operated by the development team commands 95.87 million WLD or 54.2% of the supply. Worldcoin also owns the second largest wallet, holding 30.98 million tokens or 17.51%.

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142.5K views08:03
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2023-09-08 11:59:12
Ethereum Programming Language Vyper New Version Released v0.3.10

According
to the documentation, v0.3.10 is a performance focused release. It adds a codesize optimization mode, adds new vyper-specific #pragma directives, uses Cancun’s MCOPY opcode for some compiler generated code, and generates selector tables which now feature O(1) performance. Previously, a vulnerability analysis report was released for the Vyper compiler, with the vulnerability fixed and tested in version v0.3.10.

Vyper is a newer language for Ethereum development. It was released in 2018; Like Solidity, this is a statically typed language. It is written in the same syntax that the Python programming language uses, which is simpler than Solidity code. This language ensures a high level of security for smart contracts. Because this language has fewer features than Solidity, it makes it less vulnerable to security threats. Overall, this is a valuable tool for developers who want to build decentralized applications and write smart contracts on the Ethereum platform. Its simple syntax, security features, and performance make it an attractive choice for developers looking to create powerful, secure, and efficient smart contracts.

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208.4K views08:59
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2023-09-07 15:32:39
Huobi Will Launch PayPal’s PYUSD Stablecoin On Sep 7

Huobi
, one of the leading cryptocurrency exchanges, has officially confirmed its plans to list the newly-launched PayPal (PYUSD) stablecoin on its platform, with trading set to commence by September 7. An official announcement will precede the launch of spot trading pairs, which will include PYUSD/USDT, BTC/PYUSD, and ETH/PYUSD. Withdrawals for PYUSD will be enabled starting at 11:00 (UTC) on September 12th. It boasts full backing from U.S. dollar deposits, short-term U.S. Treasury bonds, and similar cash equivalents.

Currently, a total of 26.9 million PYUSD tokens are in circulation, further solidifying its reputation for stability and reliability. The introduction of PYUSD marks a significant development in the Web3 ecosystem, as it represents the first instance of a major fintech giant, PayPal, launching a dollar-backed stablecoin. Huobi’s proactive move to list PYUSD could prove to be a mutually beneficial venture in the long run. This news coincides with Huobi’s ongoing efforts to optimize its offerings. In June 2023, the exchange announced the discontinuation of trading for ten specific pairs, primarily those tied to the USDD stablecoin, issued by the TRON DAO Reserve, which enjoys substantial backing from Justin Sun.

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296.7K views12:32
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2023-09-05 14:17:27
The London Stock Exchange Breaks New Ground With Blockchain Digital Market

London
Stock Exchange (LSEG) has unveiled its ambitious plan to introduce a digital market powered by blockchain technology, marking the first major exchange to embrace this innovative approach for traditional financial assets, according to the Financial Times. Crucially, Roos clarified that this initiative would not involve cryptocurrency assets. Instead, the LSEG aims to harness the efficiency and transparency benefits of blockchain to enhance the trading and ownership experience for traditional assets.

If successful, the LSEG will pioneer an end-to-end blockchain ecosystem for investors, a milestone in the world of securities exchanges. The exchange is even considering establishing a separate legal entity for this digital market endeavor, with plans to launch the first market within the next year, contingent on regulatory approval. Roos clarified that this digital market venture would not compete with LSEG’s traditional business but rather enhance its commitment to innovation and continue to uphold London’s reputation as a financial hub. LSEG announced its collaboration with Global Futures and Options to offer trading and clearing services for Bitcoin index futures and options derivatives.

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221.3K views11:17
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2023-09-04 21:17:21
Ripple Files Opposition to SEC's Motion to Certify Interlocutory Appeal of XRP Ruling

On
Friday, Ripple Labs filed its response to the motion by the U.S. Securities and Exchange Commission (SEC) to certify an interlocutory appeal. The securities watchdog is seeking to appeal the ruling by District Judge Analisa Torres regarding the “programmatic” offers and sales of XRP over crypto trading platforms and Ripple’s “other distributions.” The regulator also seeks to stay the district court proceedings. In Friday’s court filing, Ripple argued that “the exceptional circumstances required for interlocutory appeal are absent.”

Firstly, the crypto firm’s lawyers claimed, contrary to the SEC’s assertion, that “the court’s summary judgment order does not present a controlling question of law suitable for interlocutory appeal.” Secondly, they argued that the “supposed substantial ground for disagreement is merely the SEC’s dissatisfaction with the court’s application of Howey to most of the defendants’ transactions in XRP.”. This week, the SEC lost another legal battle against a crypto firm. The United States Court of Appeals for the District of Columbia Circuit ruled in favor of Grayscale Investments against the securities regulator on Tuesday regarding the crypto asset manager’s proposed bitcoin exchange-traded fund (ETF) conversion.

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264.3K views18:17
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2023-09-02 21:56:46
Binance Labs Ignites Web3 Innovation With Exclusive Investment Community

Binance
Labs, the venture capital and incubation arm of Binance, is taking pioneering steps to fortify the realm of Web3 startups by bridging the gap between guidance and funding. In a strategic move to amplify the collaborative essence of the Web3 sector, Binance Labs has revealed the inception of ColLabs. This exclusive enclave is an invitation-only Web3 investment and financing community tailored for visionaries, creators, and investors alike.

The core vision of ColLabs is to foster an interconnected Web3 venture capital community, propelling an exchange of wisdom and opportunities. Facilitated by insights drawn from the team and its array of portfolio entities, this community thrives as a nexus of knowledge transfer and investment prospects. Embarking on this transformative journey with ColLabs avails members of an array of exclusive privileges: privileged content, bespoke event invitations, and curated curricula from incubation programs. Establishing impactful connections within the realm of venture capitalists and institutional investors is another facet of the ColLabs experience.

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299.0K views18:56
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2023-09-01 21:49:07
Biggest Bank In Japan Mitsubishi UFJ Trust Bank Will Launch Crypto Asset Services

In
a groundbreaking collaboration, Japan’s largest bank, Mitsubishi UFJ Trust Bank, and Web3 development firm Ginco have announced their partnership to introduce the nation’s inaugural “crypto-asset trust” service, according to a Coinpost report. Under this strategic alliance, Ginco will take charge of overseeing tokens issued on Mitsubishi UFJ’s public blockchain. This novel service, slated for launch within the year, marks a significant stride toward legitimizing the crypto landscape in Japan.

The “crypto asset trust” initiative, initiated on March 31 by Mitsubishi UFJ Trust and Banking Corporation and Ginco Co., embarks on a journey to establish a secure and attractive environment for the issuance and trading of tokens. The collaboration aspires to facilitate proper taxation for token issuers and enable institutional investors to confidently partake in the token market. While regulatory challenges surfaced after a 2018 data leak incident, the tide is turning with the legal framework adjustments that took effect in October 2022, enabling trust banks like Mitsubishi UFJ to offer custody services for crypto assets. This groundbreaking endeavor will encompass responsibilities related to trust tokens, including private key management.

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314.1K views18:49
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2023-08-31 06:51:02
Binance Japan Targets Massive Web3 Adoption and Stability

Binance
Japan, a subsidiary of the global cryptocurrency exchange Binance, conducted a significant online business briefing today. The focal point of the event was the unveiling of the company’s comprehensive development strategy designed for the domestic market. Chino Tsuji, the representative of Binance Japan, took the stage to elaborate on the company’s initiatives. The primary focus areas include the introduction of supported tokens, the implementation of leveraged trading, and an array of ongoing use cases within the platform of Binance Global.

Binance Japan’s core offerings encompass spot cryptocurrency trading and the innovative “Simple Earn” cryptocurrency lending product. The roadmap also reveals plans to launch leveraged trading services upon acquiring the license as a tier-one financial instruments trading operator. Chino refrained from specifying exact timelines for the introduction of other Binance Global Edition products in the Japanese market, stating a gradual approach in compliance with Japanese regulatory frameworks. Of notable mention was Chino’s enthusiastic assertion of Binance Japan’s commitment to forging robust partnerships with private enterprises and the Japanese government. He emphasized the company’s strategy to prioritize stablecoins and actively facilitate their integration within the existing financial system.

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229.8K views03:51
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