Crypto Retro

2023-12-26 18:30:31 New Argentina President Legalizes All Foreign Currencies For Payment

Argentina’s newly elected leader, Javier Miliei, has struck down forced legal tender laws forcing Argentinians to settle debt obligations in specific currencies, enabling use of alternatives like USD and Bitcoin (BTC).

The rule comes attached to a sweeping executive order repealing over 300 laws, aiming to deregulate and rebuild the Argentinian economy. It also fuliflls one of Miliei’s chief campaign promise to enable local currency competition and help “dollarize” the nation.

“It is necessary to respect the will of citizens to agree on the forms of cancellation of their obligations to give sums of money, without distinction of the legal tender or not of the currency that is determined,” read a translated version of the decree on Wednesday.

The nation’s minister of foreign affairs clarified on Thursday that contracts can now be “agreed in Bitcoin,” alongside virtually any other crypto or physical good including “kilos of steer or liters of milk.”

Though not explicitly targeted towards crypto, industry influencers view the bill as a step along the path toward Bitcoin (BTC) adoption, a currency proponents claim can help members of unstable economies escape hyperinflation. Open / Comment

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2023-12-23 21:30:54 Paxos Receives Regulatory Approval to Expand into Solana Blockchain

Paxos has announced an expansion of its stablecoin issuance to the Solana blockchain after securing regulatory approval from the New York Department of Financial Services.

In a press release published Friday, the stablecoin issuer noted that the initiative is a “significant milestone for the innovation and evolution of Paxos’s enterprise and consumer-facing businesses,” after previously exclusively using Ethereum due to restrictions imposed by the New York Department of Financial Services (DFS).

Additionally, the company said that it plans to offer its Pax Dollar (USDP) stablecoin on Solana to the public on January 17, 2024. USDP is a fiat-collateralized stablecoin.

“The expansion of our stablecoin platform to support Solana marks an important step towards making stablecoins ubiquitous for everyday consumers,” said Walter Hessert, head of strategy at Paxos. “By integrating USDP with Solana, we’re making it easier for anyone to get and use the safest, most reliable stablecoins.”

Hessert told Fortune that Paxos obtained a “non-objection” for extending USDP from Ethereum to Solana following a thorough and comprehensive evaluation, primarily centered around Solana’s internal risk framework. Open / Comment

2023-12-20 21:01:42 UK Treasury Unveils Regulatory Framework for Digital Securities Sandbox

The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act.

In a memo published on Monday, the UK Treasury explained that the purpose of these regulations is to establish a regulated setting, enabling both companies and regulators to experiment with new technology within financial markets. This initiative seeks to overcome current regulatory challenges and stimulate innovation within the crypto industry.

These regulations grant the Treasury the authority to waive, adjust, or introduce new legislative mandates. Additionally, they authorize the Bank of England and the Financial Conduct Authority to manage and oversee a sandbox if granted the necessary powers by the Treasury.

There is also a provision for the findings from sandbox experiments to be permanently incorporated into legislation through collaboration between the Treasury and Parliament.

The regulations will empower qualifying financial market entities to engage as “sandbox entrants,” allowing them to undertake approved activities utilizing emerging technologies for a trial period of five years under adjusted regulatory conditions. Open / Comment

2023-12-19 18:00:10 $XDEFI: Massive adoption for the leading multi-chain wallet. 50x Potential?!

XDEFI Wallet, the 3rd largest multi-ecosystem self-custody wallet, has positioned itself for massive growth.

Token Catalysts:
XDEFI is forming partnerships with medium-sized exchanges, paving the way for tens of millions of new users on the XDEFI Wallet.
More users mean more volume, resulting in increased revenue shared with $XDEFI stakers (75% revenue share).
XDEFI Wallet supports more chains than any other wallet, making it the go-to choice for utility, which generates more volume.

Trust Wallet could easily hit $1 billion market cap during the bull run. So, it's not unreasonable to expect $XDEFI to reach $100 million MC (10x) or even $500 million MC (50x) with its bullish catalysts.

Once the gas tank feature is released, $XDEFI will become the universal gas token. Say goodbye to gas worries! Demand will skyrocket.

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Install XDEFI Wallet Open / Comment

2023-12-17 18:30:00 Verida and inDAO Team Up to Help Uzbekistan Adopt Web3 Tech

inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

The partnership will include the implementation of pilot projects and engagement with government stakeholders. The objective is to establish both technological and business consensus, ultimately delivering a cost-effective and efficient digital infrastructure for Uzbekistan.

This collaboration also aims to tackle user privacy and digital security across sectors such as healthcare, education, and real estate.

Verida and inDAO will collaborate directly with the Uzbekistan government’s Digital Economy Research Center to showcase the potential of this Web3 technology as a crucial component of Uzbekistan’s digital strategy, the release noted.

Over the course of 2023 and 2024, the companies will jointly undertake pilot programs to illustrate how inDAO’s blockchain technology, along with Verida’s self-sovereign web3 wallet and regulatory-compliant data storage, can empower citizens by providing them with control over their digital presence. Open / Comment

2023-12-14 20:00:07 $UNILAPSE: a huge pump coming on December 18?

Missed $BLUR? Then don’t miss $UNILAPSE. This Korean NFT marketplace is about to launch token staking & NFT staking on Dec 18.

$UNILAPSE chart shows a breakout from accumulation and almost no resistance above. $0.040-45 should be next. Huge potential for price discovery - could shed a zero very soon.

Unilapse is an important NFT player in Asia:

- Best South Korean artists
- Incorporated in Hong Kong
- Offline art gallery + VR gallery
- Participates in major events like Art Busan

Afraid to miss the pump? The best strategy is to get in before staking starts on Dec 18!

Buy $UNILAPSE on MEXC
Official Telegram Open / Comment

2023-12-14 17:30:46 SEC Finally Serves Hex Founder Richard Heart with Lawsuit Alleging Fraud

The United States Securities and Exchange Commission (SEC) has finally served Helsinki-based cryptocurrency developer Richard Heart with a lawsuit filed in July, according to a new court document. According to court documents, the SEC had been attempting to serve Schueler for over two months.

The latest court filing reveals that Heart (real last name Schueler) was served using a substitute service on October 31st in Helsinki, meaning the SEC was unable to physically deliver the lawsuit to Heart in person.

The substitute service, in accordance with Finnish law, provides an alternative means of delivery for defendants who are hard to track down.

“The multiple attempts of contacting Mr. Schueler (using different methods) over a period lasting nearly seven weeks have given ample time for a response from Mr. Schueler,” SEC attorney Matthew Gulde stated.

Heart has been laying low since this past summer when the SEC filed the lawsuit against the crypto developer, alleging that he misappropriated millions in offerings and violated federal law through the sale of unregistered currencies. Open / Comment

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2023-12-11 18:30:39 Political Movement The Other Party Reveals Plan for Blockchain-based Democracy in the UK

The Other Party debuted in the UK today with a commitment to decentralize power and restore it to the public using blockchain technology.

According to a statement published on its website, The Other Party aims to shake up conventional centralized political systems, fostering a more direct and transparent democratic process by harnessing the potential of blockchain technology.

“Our mission is to remove the centralized power of politicians and return it to the hands of the people,” The Other Party founder Dom Ryder said. “By leveraging blockchain technology, we are ensuring every voice is heard, every vote counts and every decision is transparent and incorruptible.”

One of The Other Party’s initiatives involves the issuance of “governance passports” to UK voters in the form of NFTs. These passports serve as a digital identity on the blockchain, ensuring that votes “immutable, traceable and protected from tampering or undue influence,” according to the party.

The concept revolves around verifying eligibility while upholding the anonymity of voters involved in decision-making. This approach empowers each passport holder to actively propose, vote on, and directly implement policies.

The Other Party also emphasized that any elected representatives from the party would be under a legal obligation to adhere to decisions made by their constituents rather than conforming to a party line. Open / Comment