Preparing for a Web3 world
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The next iteration of internet technologies is emerging where there is communal control by users on decentralised infrastructure, providing, said one expert, “privacy for the individual, transparency for the system.” Collectively called Web3, these decentralised platforms and applications are being built on blockchains, employing elements of decentralised finance, leveraging tokens and digital currencies. To prepare […]

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Blockchain market to grow by $11bn by 2027
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The blockchain technology market size is set to grow by $11,047.61 million between 2022 and 2027, with a CAGR of 32.72%, according to Technavio’s latest market research estimate, reports Yahoo Finance. The rising venture capital investments in blockchain technology are driving the blockchain technology market growth. One of the key elements for the development and […]

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Spain to adopt MiCA six months before deadline, citing investor protection
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Spain has unveiled plans to reduce the transition period before the application of the Markets in Crypto Assets (MiCA) regulation, reports Coindesk. A recent publication from the government shows a meeting with the first vice president Nadia Calvino and Verena Ross, the President of the European Securities and Market Authority (ESMA) to bring the country’s […]

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Coinbase selects Ireland as EU MiCA Entity Location
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Coinbase has announced that it has chosen Ireland as its EU MiCA hub, in what the company says marks another important chapter in its international expansion. With MiCA, which will apply to crypto asset service providers from the end of 2024, Coinbase can serve one of the largest economies in the world – 450 million […]

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TON Foundation and Mantle Network form strategic alliance to advance EVM-compatible Layer 2 blockchain solutions
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The Open Network Foundation (TON Foundation) has announced a strategic alliance with Mantle Network, a leading Ethereum Virtual Machine (EVM) Layer 2 solutions provider. This agreement positions Mantle Network as a principal ally to TON Foundation towards more interoperable EVM-compatible Layer 2 blockchain capabilities on TON, reports Blockleader.io. A wrapped version of $MNT, $jMNT, is […]

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Getting phygital with fashion
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The world of high fashion can often be seen as remote, arch, and somewhat inaccessible to the ordinary consumer. However, there is little doubt that the top level of the fashion industry is driven by creativity, diverse thinkers, and unique individuals. These individuals leading the industry have also been known for adopting new technologies and […]

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ESMA: DeFi comes with significant risks as well as benefits
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The European Securities and Markets Authority (ESMA), the EU’s financial markets supervisory authority, has released an article on decentralised finance (DeFi) and the risks it poses to the EU market, reports Cointelegraph. In a 22-page report, the ESMA admits the promised benefits of DeFi, such as greater financial inclusion, the development of innovative financial products, […]

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Banks’ crypto exposure must be disclosed, says BIS’ Basel Committee
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The Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) released a consultation paper on 17 October, proposing to make it compulsory for banks to disclose their crypto exposure, reports Cointelegraph. The Basel Committee comprises central banks and financial authorities from 28 jurisdictions and is a forum for regulatory cooperation on banking […]

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‘Sequencers’ — Blockchain’s air traffic control; and why they’re misunderstood
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Cheap and speedy “roll-up” networks like Arbitrum, Optimism and Coinbase’s Base are quickly becoming attractive alternatives to conducting transactions on the oft-congested Ethereum network. Transactions are completed on these “layer 2” networks and then recorded for posterity on Ethereum, writes Coindesk. But much has been made recently of these layer 2 networks’ reliance on a […]

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Reddit to wind down blockchain-based rewards service ‘Community Points’
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Reddit has said it will soon shutter its long-running, blockchain-based rewards service, “Community Points,” citing scalability concerns, reports Cointelegraph. In an official 17 October announcement in the r/CryptoCurrency subreddit, a Reddit team member said that, while the platform saw “some future opportunities for Community Points, there was no path to scale it broadly across the […]

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SEC forces US companies to look to Ireland, UK, European Union
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Europe is a world leader in crypto regulation. The European Union has already adopted the Markets In Crypto-Assets (MiCA) regulation, which will govern crypto in the EU’s 27 countries starting late 2024. The UK is also courting the crypto industry. For example, The Financial Services and Markets Bill is working its way through Parliament, and […]

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