What is a DAO and How it Works in Blockchain Technology
Decentralized Autonomous Organization or DAO is a revolutionary concept that has gained immense popularity in the cryptocurrency industry.
Crypto.org Team Proposes Burning Mechanism To Slow Down the Inflation Rate
Inflation for Crypto.org is recording a number of 2.5%, approximately. There are almost 26 billion CRO tokens in circulation with the ecosystem emitting around 646 million CRO tokens. A new burning mechanism by the team is now all set to lower the inflation rate to approximately 2.1%. Daily emissions have increased majorly as a result of technical improvements that have enabled the blocks to validate faster in 5.1 seconds, the previous best being 6.5 seconds.
Hong Kong Court Recognizes Crypto as Property
Hong Kong's High Court has ruled that cryptocurrency is property, marking the first such decision regarding digital assets in the city-state. The ruling was made in a legal matter involving defunct crypto exchange Gatecoin, with the court determining that crypto has all the qualities of property and can be held on trust. The decision aligns Hong Kong with other common law jurisdictions and comes as the city-state seeks to revive its image as a digital assets hub. The US Internal Revenue Service also considers crypto to be property, although other regulatory agencies classify it differently.
Russian Central Bank Allows Experimental Use of Cryptocurrency in Foreign Settlements
The head of the Russian Central Bank, Elvira Nabiullina, has announced that the bank is considering the experimental use of cryptocurrency for foreign settlements. She also stated that special organizations will be created for this purpose, and a draft law is currently being prepared.
Coinbase Urges Global Cryptocurrency Adoption with "It's Time to Update the System" Ad in Financial Times
April 19 (Cointime) - Cryptocurrency exchange Coinbase published a print advertisement titled "It's Time to Update the System" in the United Kingdom's Financial Times newspaper, urging the global community to adopt cryptocurrency.
Coinbase CEO Brian Armstrong Calls for Cryptocurrency Adoption in Financial Times Ad
Coinbase emphasizes the need for a more modern, transparent, and secure financial system, stressing that cryptocurrency can provide these benefits.
Kraken Secures Virtual Asset Service Provider (VASP) Registration in Ireland
Kraken said the approval shows that it adheres to strict anti-money laundering and terrorism financing rules.
How Did We Come From the Stock Exchanges to AI Technologies?
The history period from the beginning of stock exchanges to AI technologies is longer than even the timelines of the TV show Dynasty.
Binance Clone Script: The Ultimate Solution for Launching a Cryptocurrency Exchange
Binance Clone Script: The Ultimate Solution for Launching a Cryptocurrency Exchange
Is Bitcoin Winter Coming? BTC Price Drops
Recently, the world’s most popular cryptocurrency BTC drops below the $30,000 mark. Bitcoin has been displaying some signs of weakness among the bulls.