GildCoin - Crypto News

2024-01-29 17:38:00 Atlantic Council: Miscalculating Dollar's Innovation Potential

Federal Reserve Falling Behind in CBDC Race

The Atlantic Council warns that the US Federal Reserve is trailing its global counterparts in the race to develop a central bank digital currency (CBDC). While the Bank of China boasts a team of over 300 dedicated to their CBDC, the Fed has only allocated a modest group of twenty to explore a digital dollar.

Fednow Delayed, Adoption Limited

Not only is the Fed slow on CBDCs, but its interbank settlement system, Fednow, has also faced delays compared to similar systems in Europe. Early adoption of Fednow has been lackluster, raising concerns about the Fed's ability to keep pace with innovation.

Dollar Doesn't Need Innovation? Think Again!

The authors point out that some within the Fed and Capitol Hill mistakenly believe that the dollar is immune to innovation. They caution against complacency, emphasizing that disrupting the global economic backbone requires careful consideration but not outright resistance to change.

Trump Joins Opposition, But Time Waits for No Election

Even former President Trump has voiced his opposition to a CBDC, vowing to block it if reelected. However, the Atlantic Council urges against waiting for post-election clarity, reminding us that in technology terms, a year can be an eternity.

Decentralized Challenges and Community Bank Concerns

Franklin Knoll from the Federal Reserve Bank of Kansas City argues that comparing the Fed with centralized banks overlooks its decentralized nature and unique challenges. He also highlights the resistance from community banks as a factor shaping politicians' views on CBDCs.

In this rapidly evolving digital landscape, it's clear that the belief that the dollar doesn't need innovation is a miscalculation that could have far-reaching consequences for the global financial system. Open / Comment

2024-01-26 13:02:01 FSCA Reveals Future of 50 Crypto License Applications: Determination on the Horizon!

South Africa's FSCA, the watchful eye on the financial sector, has hinted that a verdict on 50 exciting crypto license applications is just around the corner! The coming weeks are set to bring clarity for the hopefuls.

Numbers Game: Out of the 105 applications in the running, some 20 have gracefully stepped back. Perhaps, the cost of obtaining the coveted FSP license didn't quite align with their calculations. It's a tricky game, after all!

The Key Challenge: The requirement for a skilled crypto-savvy key individual has become a hurdle for many applicants. Finding someone with the right credentials, given the relative newness of the industry, isn't a walk in the park.

Why Change?: When it comes to adjusting regulations, the motivation is clear – the FSCA aims to crack down on those looking to scam their way through unregulated waters. No more evading the watchdog's watchful gaze!

In this rapidly evolving crypto landscape, the South African FSCA is keeping the industry on its toes. Will the weeks ahead be a moment of triumph or a chance to reevaluate strategies for these crypto visionaries? Stay tuned to find out! Open / Comment

2024-01-23 19:05:15 China Takes the Lead in Metaverse Standardization

Metaverse Standardization Working Group: The Chinese government is leaving no stone unturned in its quest to establish dominance in the metaverse. The Ministry of Industry and Information Technology recently announced the formation of a working group, comprising top educational institutions and major technology players Huawei, Tencent, Baidu, Netease, and Sense Time, to set unambiguous guidelines for metaverse platforms, with a special focus on their homegrown creation, the Yuanverse.

Unlocking the Metaverse Potential: China's metaverse ambitions are part of their broader Web3 strategy, which acknowledges the immense potential of both blockchain and metaverse technologies. While some buzz has shifted towards AI, China remains undeterred and continues to prioritize metaverse development, demonstrating their commitment to lead in yet another frontier.

China's Metaverse Power Play: Already armed with a three-year plan to propel metaverse progress, China's strategic investments are poised to bear fruit by 2025, catapulting the nation to the forefront of the global metaverse landscape. While Western counterparts may have lost a bit of the metaverse fever, China's unwavering focus could soon see them reign as the undeniable metaverse hub of the world.

China's aggressive push for metaverse dominance leaves no one in doubt: they mean business in bringing the digital realm and real-world applications closer than ever before! Open / Comment

2024-01-20 19:28:01 Tokenization Takeoff: Expansion Predicted for 2024

The Tokenized Asset Coalition (TAC) is ringing in a bold prediction; tokenization is sky-rocketing, with all asset classes on board. 2024 could be a game-changer as we gear up to welcome a novel tokenized risk curve.

Stablecoins are stealing the spotlight, particularly U.S. dollar-based and centralized ones. Watch out for euro-pegged contenders and the dash of alternative stablecoins hitting the market.

U.S. Treasuries have exploded, soaring from $114M to a whopping $831M in just a year, thanks to the likes of Franklin Templeton and Ondo Finance.

Private credit isn't far behind, notching an impressive 89% growth. With $485 million in the kitty, this sector is blooming.

The digital bond bazaar is bustling, especially in Asia and Europe, marking a fresh era for bond issuance.

Despite the regulatory roller coaster, liquidity labyrinths, and infrastructural imponderables, the tokenization train chugs on! Jeremy Allaire, Circle's CEO, drops a hint - think Blackrock with a tokenized twist in 2024. All aboard? Open / Comment

2024-01-18 15:00:46 Transform Your NFT Beyond Art: Secure Annual Returns with Kabuni's Stake A Future Program!

Witness a pivotal moment for Kabuni! Watch the Kabuni CEO, Nimesh Patel, explain why this NFT launch is more than just art – it's a transformative step for our community. Be part of Kabuni's exciting Stake A Future program, featuring 10,000 unique ChangeMaker Backpack NFTs inspired by Steamboat Willie.

Kabuni is expanding into new ventures like venture building, cryptocurrency exchange, and finance, moving beyond our roots in K12 education. These NFTs offer more than digital art; they provide a path to earn Kabuni COIN and influence Kabuni’s future through voting rights.

Here's how to join today and get started:
Start quests on Airlyft
Stake 100+ Kabuni Coin on CoinStore
Mint your #NFT ticket
Return on Feb 14 to mint your ChangeMaker NFT

Learn more on the Kabuni Blog and follow us on Discord, Twitter, and Telegram. Open / Comment

2024-01-17 17:40:14 Tether Claps Back at UN, Defends USDT’s Positive Impact!

In an energetic refute, Tether threw shade at the UNODC for missing the bigger picture. It’s not just about the shady deals; it’s about how USDT is a superhero for developing economies – think financial Batman for those usually left in the economic shadows.

Tether's going full vigilante with their "we work with the good guys" narrative. They claim their ties with enforcement agencies make USDT the nemesis of criminal activity. No hiding in the shadows for bad actors here – every transaction is as visible as a bat signal on a cloudy night.

Now, let’s talk about the UN’s focus on pig butchering scams. Sure, Tether’s being painted as the villain, but they say, “Look at our track record!”. They’ve frozen a whopping $300 million in tokens – a not-so-subtle reminder that they’re serious about kicking criminal butt.

The plot thickens as Tether challenges the UNODC to a showdown of sorts. "Let’s collaborate, not castigate," they say. Join forces, share the bat cave tech, and fight financial crime in true vigilante style. Open / Comment

2024-01-15 18:30:01 RED ALERT BINANCE BANNED IN INDIA !!

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*Conditions apply Open / Comment

2024-01-14 15:35:09 Trump's Crypto Turnaround? Possible Second-Term Boon for Bitcoin!

In a twist that may excite crypto enthusiasts, House Majority Whip Tom Emmer hinted at a pro-crypto stance from Trump if he makes a comeback.

Once a crypto skeptic, Trump’s launch of NFT collections suggests a warming up to digital assets, igniting hopes of bullish regulation.

With the potential for regulatory openness, experts like Brian Brooks foresee a friendlier climate for cryptocurrencies under Trump's leadership.

Amidst fears of economic downturns, an unexpected ally for the crypto industry could emerge, signaling a market upswing if Trump takes office.

Remember, in the ever-dynamic dance of politics, today's opponents could be tomorrow's champions. Crypto's fate in the U.S. might just hinge on the whims of its leaders. Stay tuned! Open / Comment

2024-01-11 17:55:14 Bitcoin ETF Bonanza: A Revolutionary Day for Crypto Investors!

Big Day Incoming!

The finance world is on the brink of a historic moment; the long-awaited US spot Bitcoin ETFs are hitting the markets tomorrow. You've got to grab your investment journal and pen down the date—January 11 is set to be a game-changer!

The Who’s Who of Wall Street on Board!

No less than six different spot Bitcoin ETFs, including big names like Ark 21shares, Invesco Galaxy, and the Fidelity Wise Origin Bitcoin Fund, are gearing up to dazzle the Cboe BZX Exchange. Get ready for the trading frenzy to begin!

NY to Beam with Crypto Flare!

Down at the NYSE Arca, the action continues with Grayscale Bitcoin Trust and Bitwise jiving onto the spotlight. 'Cause why should Cboe have all the fun? And Hashdex? They're smartly converting their futures ETF into a Bitcoin ETF—clever move!

Nasdaq Not Behind in the Race!

Lastly, turn your gaze to Nasdaq, where Blackrock’s Ishares and Valkyrie are strutting out with their Bitcoin trusts. As Dominik Rohe from Blackrock puts it, you're in for a "cost-effective and convenient" trip to Bitcoin town.

In conclusion, regardless of whether your crypto enthusiasm is sky-high or cautiously optimistic, January 11 is a date to watch. Diversified options and platforms galore assure that there's something in store for every type of investor. Buckle up and witness the digital currency spectacle unfold! Open / Comment

2024-01-09 20:30:00 Breaking: BlackRock And VanEck Files Updated S-1 For Spot Bitcoin ETF Approval

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