DeCenter – Blockchain and Bitcoin

2023-03-22 08:50:47 The Economic Report of the President, released March 20, marks the first time the White House has included a section on digital assets since it first began issuing the annual economic policy report in 1950.

Co-founder of digital asset investment firm Paradigm, Fred Ehrsam, remarked that 15% of the Economic Report was dedicated to «crypto FUD».

The report includes 35 pages dedicated to debunking the «Perceived Appeal of Crypto Assets» along with a short section on the FedNow payment system and central bank digital currencies (CBDCs).

The report’s main argument is that crypto assets fail to deliver on their «touted» benefits, such as improving payment systems, financial inclusion, and creating mechanisms to transfer value and intellectual property.

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2023-03-21 08:34:35 Mastercard to settle transactions for stablecoin wallet in APAC

Mastercard and Stables on March 20 announced a collaboration to allow retail customers in the Asia-Pacific (APAC) region to spend their stablecoins anywhere Mastercard is accepted.

The collaboration involves a stablecoin-only wallet built by Stables, coming with a payment card supported by Mastercard. The payment card enables users to save and spend the USD Coin stablecoin by converting the digital currency into fiat and settling on Mastercard’s network. The card will be accessible through the Stables digital application via mobile wallets.

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2023-03-20 08:30:56 UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse

UBS Group has agreed to buy its ailing competitor Credit Suisse for $3.25 billion on March 19 as part of an “emergency ordinance” to prevent financial market instability. That’s still a deep discount to Credit Suisse’s March 17 market capitalization of 7.5 billion francs, or $8 billion.

Also, as part of the deal, the Swiss National Bank has committed to providing over $100 billion in liquidity to UBS, according to reports.

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2023-03-17 12:01:27 El Salvador’s Bitcoin Office has announced a new six month educational program entitled “CUBO+” that aims to produce elite-level Bitcoin and Lighting developers through the Salvadoran university system.

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2023-03-17 11:44:59 The US Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week.

$152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from $4.58 billion the previous week.

The prior all-time high was $111 billion reached during the 2008 financial crisis.

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2023-02-22 18:57:38 Self-hosted wallet ban avoided in new draft of EU’s anti-money laundering bill.

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2023-02-22 09:47:59 Euro-backed stablecoin, Euro Coin set to trade on Coinbase.

IEX taps Coinbase as potential partner for regulated crypto exchange.

Coinbase Q4 revenue beats expectations, but transaction volume falls 12% from Q3.

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2023-02-21 14:38:39 The Moscow bureau of Interpol detained a British national charged by the United States Department of Justice (DoJ).

The man is accused of conspiring to violate U.S. sanctions on North Korea.

In April 2022, alongside Spanish national Alejandro Cao De Benos, Emms allegedly provided instructions to North Korea on how it could use blockchain and cryptocurrency to launder money and evade sanctions.

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2023-02-21 10:32:39 Hong Kong’s crypto ambition gets subtle nod from Beijing

Hong Kong’s ambition of becoming a cryptocurrency hub is reportedly seeing subtle support from the Chinese government, in what could be seen as a contrast to the mainland’s hard-line anti-crypto stance.

In October last year, the government of Hong Kong floated the idea of introducing its own bill to regulate crypto and allow retail investors to “directly invest into virtual assets” that could possibly be in contrast to China’s widespread crypto ban.

According to people familiar with the matter, Beijing officials have not been brazenly opposed to the idea. According to a Feb. 20 Bloomberg report, it is understood that representatives from the China Liaison Office have been frequenting Hong Kong crypto gatherings seeking to understand what’s going on.

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2023-02-15 14:14:35 Subscribe to the channel. Be the first to know when games are released on the platform @metagarden

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