The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases. Every two weeks, Cointelegraph’s The Agenda podcast breaks down this critique and explores the various ways blockchain and
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press release Bitcoin.com, a global leader in accessible cryptocurrency products and education, has taken another step forward in enhancing user experience by integrating HAPI’s service into the self-custodial Bitcoin.com Wallet and onboarding the HAPI token on its Verse DEX with a USDC/HAPI trading pair. Bitcoin.com and HAPI are now offering highly attractive yield on the
According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol’s Red Notice against their client. Do
Because I’m a regional policy nerd, the part of Jeremy Hunt’s March Budget speech that caught my attention was not about pension rule changes, but the promise of “12 potential Canary Wharfs” outside London, via the creation of new investment zones. The chancellor’s analogy inadvertently highlights the chronic policy failure holding back UK cities beyond
An ‘open house’ flag is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images Stress in the banking system turned out to be a boon for the U.S. mortgage market. As investors hid in the relative safety of the bond market, yields moved even lower
Elon Musk and more than 1,000 tech researchers and executives have called for a six-month “pause” on the development of advanced artificial intelligence systems such as OpenAI’s GPT to halt what they call a “dangerous” arms race. An open letter, published on Wednesday by the Future of Life Institute, a non-profit campaign group, had been
The price of Arbitrum (ARB) has dropped by nearly 20% a week after establishing its record high at $1.60 on March 23. However, the Ethereum layer-2 token looks set to resume its uptrend in the coming weeks. Polygon price fractal The cues for a bullish Arbitrum token could be traced back to its Ethereum L2
On March 28, Ethereum core developers confirmed that Shapella will take effect at 10:27 pm UTC on April 12. According to the announcement, Ethereum Improvement Proposal (EIP) 4895 will allow withdrawals after pushing the staked Ether from the Beacon Chain into the Ethereum Virtual Machine (EVM), which is the execution layer. This will allow full
A new bill has been introduced to the Australian Parliament proposing regulations for providing cryptocurrency services in the country. Senator Andrew Bragg submitted a private senators’ bill titled Digital Assets (Market Regulation) Bill 2023 to “protect consumers and promote investors,” which includes regulatory recommendations for stablecoins, licensing of exchanges and custody requirements. Proposed regulatory changes
Bitcoin (BTC) headed back to $28,000 on March 29 as a classic short squeeze took the market to five-day highs. BTC liquidations mount as Bitcoin reverses Binance dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $28,159 on Bitstamp. The abrupt uptick came courtesy of exchanges , where a band of shorts were
The central bank in the United Arab Emirates said it has started implementing its digital currency strategy with partners G42 Cloud and R3. According to the central bank, the digital currency initiative is expected to “further position and solidify the UAE as a leading global financial hub.” CBDC Strategy to Focus on Three Pillars The
European equities rose on Wednesday while stocks in Asia were buoyed by Chinese ecommerce giant Alibaba’s plans to splinter into six business units following years of pressure from domestic regulators. Europe’s region-wide Stoxx 600 index added 0.6 per cent in early trading, with shares in UBS up 2 per cent after the bank said it
SafeMoon, a project previously endorsed by A-list celebrities and social influencers such as Jake Paul and Soulja Boy, announced its liquidity pool (LP) was compromised. Without revealing further details about the attack, SafeMoon confirmed undertaking steps “to resolve the issue as soon as possible.” Just like many other crypto projects in 2021, SafeMoon was backed
The UBS board, in bringing back Sergio Ermotti as chief executive, has gone for someone who knows the bank well. Ermotti held the role from 2011 to 2020 and won plaudits for leading its recovery from the financial crisis. The Swiss-born 62-year-old is a career banker, having completed stints at Citigroup, Merrill Lynch and UniCredit
UBS has brought Sergio Ermotti back as chief executive to steer its takeover of Credit Suisse. Ermotti, who was chief executive for nine years before stepping down in 2020, will replace Ralph Hamers, UBS said on Wednesday. Hamers will remain as an adviser during a transition period, the Swiss bank said. UBS said it acted
According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to
When First Citizens Bank agreed over the weekend to buy most of what is left of Silicon Valley Bank, there was one thing it absolutely did not want. Though SVB, whose March 10 failure shook the global banking sector, was best known for serving venture capitalists and techies, First Citizens’ purchase agreement went out of
The UK’s largest asset manager has warned that businesses and financial markets are failing to price in the risks of climate change, telling investors to “strap in” and prepare for a “bumpy ride”. Legal and General Investment Management, which oversees more than £1.2tn in assets, said a delayed shift to a low-carbon economy could leave
Your browser does not support playing this file but you can still download the MP3 file to play locally. After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss
Some banks will struggle to issue a form of risky bonds used to bolster their capital and others will pay a much higher price for them after similar debt held by Credit Suisse was wiped out in its forced sale, investors have warned. Swiss regulators’ decision to write down $17bn worth of Credit Suisse’s additional
Switzerland’s private banks are seeking to poach key staff and clients from Credit Suisse as steep job and bonus cuts force bankers into the market following the takeover by UBS. Julius Baer, Pictet, Lombard Odier, EFG and LGT are among Swiss wealth managers sounding out disgruntled Credit Suisse bankers, people familiar with ongoing conversations have