Europe considers a digital currency as it strives to counter U.S. and China’s tech dominance
The European Central Bank is working on a digital currency as the region seeks to protect itself from tensions with China and the United States.
The central bank started investigating the feasibility of a digital euro back in October 2021. This fall, the heads of state across the EU will have to decide if the ECB should push ahead with the next steps, which include testing the necessary technical arrangements so Europeans can spend digital euros.
The European Central Bank is working on a digital currency as the region seeks to protect itself from tensions with China and the United States.
The central bank started investigating the feasibility of a digital euro back in October 2021. This fall, the heads of state across the EU will have to decide if the ECB should push ahead with the next steps, which include testing the necessary technical arrangements so Europeans can spend digital euros.
Cryptocurrency industry lobbying spending hits record $21.55 million in 2022
Cryptocurrency companies will spend a record $21.55 million on travel in Washington in 2022, with Coinbase topping the list. According to data from OpenSecrets, a research organization that focuses on tracking political donations, encryption companies' lobbying spending in 2022 will more than double that in 2021 ($8.29 million).
This statistic summarizes the information disclosed by more than 50 industry participants. Among them, Coinbase’s expenditure is about 3.4 million U.S. dollars, ranking first on the list; followed by Blockchain Association, Crypto.com, Binance Holdings and Ripple. $1.9 million, $1.2 million, $1.1 million, and $1 million. Among them, campaign contributions, election funds or political contributions do not count as lobbying expenditures.
Cryptocurrency companies will spend a record $21.55 million on travel in Washington in 2022, with Coinbase topping the list. According to data from OpenSecrets, a research organization that focuses on tracking political donations, encryption companies' lobbying spending in 2022 will more than double that in 2021 ($8.29 million).
This statistic summarizes the information disclosed by more than 50 industry participants. Among them, Coinbase’s expenditure is about 3.4 million U.S. dollars, ranking first on the list; followed by Blockchain Association, Crypto.com, Binance Holdings and Ripple. $1.9 million, $1.2 million, $1.1 million, and $1 million. Among them, campaign contributions, election funds or political contributions do not count as lobbying expenditures.
Goldman Sachs: BTC is already the best asset of the year
Bitcoin has the backing of one of the biggest players on Wall Street. Recently, the financial giant Goldman Sachs released a new report stating that BTC is one of the best-performing assets so far this year, and has high hopes and plans for the digital currency with the largest market value in the world.
Bitcoin has the backing of one of the biggest players on Wall Street. Recently, the financial giant Goldman Sachs released a new report stating that BTC is one of the best-performing assets so far this year, and has high hopes and plans for the digital currency with the largest market value in the world.
SFC launches consultation on proposals to regulate virtual asset trading platforms
The Securities and Futures Commission of Hong Kong today launched a consultation on proposed requirements for operators of virtual asset trading platforms. In this consultation, the SFC seeks market views in particular on whether licensed platform operators should be allowed to provide services to retail investors; What measures should be put in place in addition to the rules for ensuring suitability and token incorporation when establishing business relationships with customers.
The Hong Kong Securities Regulatory Commission stated that according to the new licensing system that will come into effect on June 1, 2023, all central virtual asset trading platforms that operate in Hong Kong or actively promote to Hong Kong investors will need to be licensed by the Securities and Futures Commission.
The Securities and Futures Commission of Hong Kong today launched a consultation on proposed requirements for operators of virtual asset trading platforms. In this consultation, the SFC seeks market views in particular on whether licensed platform operators should be allowed to provide services to retail investors; What measures should be put in place in addition to the rules for ensuring suitability and token incorporation when establishing business relationships with customers.
The Hong Kong Securities Regulatory Commission stated that according to the new licensing system that will come into effect on June 1, 2023, all central virtual asset trading platforms that operate in Hong Kong or actively promote to Hong Kong investors will need to be licensed by the Securities and Futures Commission.
Hong Kong's promotion of the cryptocurrency industry has been supported by the Chinese government
According to Bloomberg, Hong Kong's efforts to become a cryptocurrency center have obtained the driving force from Beijing. Officials from the China Liaison Office have been participating in the cryptocurrency industry in Hong Kong in the past few months. It is said that they are keen to use Hong Kong as a test site for digital assets and strictly control the mainland activities.
This provides motivation for the return of companies in mainland China to return to Hong Kong. In October last year, Hong Kong began to change the supervision of cryptocurrencies to help revitalize its financial center status. Corporations in the Mainland and overseas are promoting registering their business in Hong Kong.
According to Bloomberg, Hong Kong's efforts to become a cryptocurrency center have obtained the driving force from Beijing. Officials from the China Liaison Office have been participating in the cryptocurrency industry in Hong Kong in the past few months. It is said that they are keen to use Hong Kong as a test site for digital assets and strictly control the mainland activities.
This provides motivation for the return of companies in mainland China to return to Hong Kong. In October last year, Hong Kong began to change the supervision of cryptocurrencies to help revitalize its financial center status. Corporations in the Mainland and overseas are promoting registering their business in Hong Kong.
Coinbase to List Euro Coin ($EUROC)
Coinbase will add support for Euro Coin ($EUROC) on the Ethereum network. Trading will begin on or after 9AM PT on 27th February 2022, if liquidity conditions are met.
Euro Coin is a stablecoin issued by Circle under the same reserve model as USD Coin ($USDC). It is designed to be stable and 100% backed by euros held in euro denominated banking accounts. An Euro Coin ($EUROC) will be redeemable 1:1 for the euro currency.
Coinbase will add support for Euro Coin ($EUROC) on the Ethereum network. Trading will begin on or after 9AM PT on 27th February 2022, if liquidity conditions are met.
Euro Coin is a stablecoin issued by Circle under the same reserve model as USD Coin ($USDC). It is designed to be stable and 100% backed by euros held in euro denominated banking accounts. An Euro Coin ($EUROC) will be redeemable 1:1 for the euro currency.
👍1
Media is too big
VIEW IN TELEGRAM
🐳Whale DeFi Mining🐳
Pioneer the cryptocurrency market.
Whale DeFi Mining - Ivestment Platform.
Offers income aggregators running on Blockchain networks.
Smart contract that runs on multiple cryptocurrency networks.
Pioneer the cryptocurrency market.
Whale DeFi Mining - Ivestment Platform.
Offers income aggregators running on Blockchain networks.
Smart contract that runs on multiple cryptocurrency networks.
The Whale Mining team consists of experienced professionals in finance, technology, and cryptocurrency. They strive to provide every user with the highest quality service and safest smart contracts. 🐳
Follow the official Whale DeFi Mining Twitter account to stay up-to-date with the latest news from Whale. 🐳🐳
https://twitter.com/Whale_DM
https://twitter.com/Whale_DM
Quickly learn about the core content of Whale Mining.
Whale Mining PDF document available in 3 languages.
Wishing you the best Whale DeFi mining experience 🐳
https://whaleen.com/document/whale-defi-mining-en.pdf
https://whaleen.com/document/document-wdm-spain.pdf
https://whaleen.com/document/document-wdm-portugal.pdf
Whale Mining PDF document available in 3 languages.
Wishing you the best Whale DeFi mining experience 🐳
https://whaleen.com/document/whale-defi-mining-en.pdf
https://whaleen.com/document/document-wdm-spain.pdf
https://whaleen.com/document/document-wdm-portugal.pdf
Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals
https://www.coindesk.com/business/2023/03/21/coinbase-expands-in-brazil-allows-crypto-purchases-with-brazilian-reals/
https://www.coindesk.com/business/2023/03/21/coinbase-expands-in-brazil-allows-crypto-purchases-with-brazilian-reals/
CoinDesk
Coinbase Expands in Brazil, Allows Crypto Purchases With Brazilian Reals
Previously, the exchange's users in Brazil could purchase crypto only with a credit card.
DeFi mining refers to the process of staking or providing liquidity on a decentralized financial network (DeFi) to earn rewards in tokens.
1.High yield: Participating in DeFi mining can yield a high rate of return.
Low initial investment: DeFi mining generally does not require a large initial investment and can be accomplished with a minimal amount.
3.Decentralization: Unlike traditional financial institutions, DeFi networks are decentralized and are not controlled by any one entity. Through the automated application programming interface (API), DeFi mining becomes more decentralized and transparent, allowing users to start and stop mining at any time, and withdraw their funds at any time.
4.Inflation Protection: Many DeFi projects use an inflation model, in which token rewards gradually decrease over time, protecting tokens from inflation.
1.High yield: Participating in DeFi mining can yield a high rate of return.
Low initial investment: DeFi mining generally does not require a large initial investment and can be accomplished with a minimal amount.
3.Decentralization: Unlike traditional financial institutions, DeFi networks are decentralized and are not controlled by any one entity. Through the automated application programming interface (API), DeFi mining becomes more decentralized and transparent, allowing users to start and stop mining at any time, and withdraw their funds at any time.
4.Inflation Protection: Many DeFi projects use an inflation model, in which token rewards gradually decrease over time, protecting tokens from inflation.
👍1
This media is not supported in your browser
VIEW IN TELEGRAM
Whale DeFi Mining Account Registration🐳
This media is not supported in your browser
VIEW IN TELEGRAM
How to get the -DeFi Mining Experience (EOS)- package for free
Media is too big
VIEW IN TELEGRAM
How to purchase and activate the -Whale DeFi Mining- package
The owner of this channel has been inactive for the last 5 months. If they remain inactive for the next 27 days, they may lose their account and admin rights in this channel. The contents of the channel will remain accessible for all users.