The Bank of England deemed the collapse of the cryptocurrency market a “plausible scenario” and pointed to the need for an “urgent” regulatory framework for digital assets. This was stated by the regulator’s deputy head John Cunliffe.The official described the risks posed by cryptocurrencies as “limited” to financial stability. At the same time, he noted

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Polkadot developers have announced that they are ready to deploy parachemes on the platform. This will be the final phase of the multi-phase process of launching the core network, which has been underway since 26 May 2020. 5 years after the vision of a heterogeneous multichain framework was first outlined in the Polkadot Whitepaper, parachains

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US mining company Stronghold Digital Mining with a focus on green energy expects to raise $94-$106 million in its IPO on Nasdaq. These figures are contained in a filing to the SEC.Investors will be offered 5.9 million shares in the $16-$18 price range. Underwriters will have the option to purchase an additional 882,000 securities. The

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Cryptocurrency company Amber Group has announced the appointment of Dr Dimitrios Kavvatas as director of strategic development. It was announced on the company’s blog.Dimitrios Kavvatas holds a PhD in Economics from the University of Chicago. He was a partner and managing director at Goldman Sachs’ European regional headquarters for 12 years, before leading the company’s

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An updated fund prospectus from Valkyrie Investments and a new application from ARK Invest are “good signs” for SEC approval of the first bitcoin ETFs. This was the opinion of Bloomberg senior ETF analyst Erik Balchunas. NOTABLE: Valkyrie just updated their bitcoin futures ETF prospectus (which typically only happens when ducks in row ready for

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Online auction platform Car For Coin, selling exotic and premium cars from Tesla to Lamborghini, has opened up the possibility of buying for the first cryptocurrency. “The auction website features only high-end cars that can be purchased for cryptocurrency and dollars. It’s up to you to choose. Sorry, Ilon! You can buy a Tesla for

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The Chinese branch of fast-food chain McDonald’s has launched a collection of non-exchangeable tokens (NFTs) to mark its 31st anniversary. [email protected] launches #bigmac Rubik’s cube #NFT collectible on #CONFLUX in ultimate example of east meets west. #nftcollectorhttps://twitter.com/Conflux_Network/status/1446458267459207176 McDonald’s will distribute 188 NFT Big Mac Rubik’s Cube on the Conflux blockchain to employees and customers of

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Cryptocurrency exchange Binance announced the listing of SuperRare (RARE) token from the NFT-marketplace of the same name. The coin reacted by rising 176% to $3.79, according to CoinMarketCap. At the time of writing, the RARE token is trading at $3.35. The asset has reached a capitalisation of $340 million.In August, the RARE token gained more

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Representatives of the opposition People’s Power party in South Korea have developed a proposal to postpone the introduction of a capital gains tax on cryptocurrency transactions. This was reported by The Korea Herald.The document is expected to be tabled at the National Assembly on Tuesday, October 12.Earlier, the Ministry of Economy and Finance determined that

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