Finance

U.S. Treasury Department on Track to Regulate Unhosted Wallets

The U.S. Treasury Department is progressing toward addressing the anonymity of unhosted crypto wallets as part of Joe Biden’s wider strategy to tackle illicit finance involving digital assets. Following two rules proposed by the Financial Crimes Enforcement Network (FinCEN) in 2020 that enforce transaction reporting on unhosted wallet transactions exceeding $10,000, while also compelling banks …

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Ethereum’s 24hr Liquidations at $140M Exceed Bitcoin’s, Amidst Fears of stETH Depegging

Finance / By Alex

Summary: Ethereum’s 24-hour liquidations at $140 million have topped the list exceeding Bitcoin’s. Ethereum has been hit by a sell-off that has seen the value of ETH drop to as low as $1,473. The selling of ETH could be attributed to anxiety linked to the depegging of stETH on the various decentralized platforms such as …

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DeFi pulls the curtain on financial magic, says EU Blockchain Observatory expert

Finance / By brbc

As decentralized finance continues its victorious march — although the road is sometimes bumpy — some significant questions on its nature remain. How can DeFi applications be protected from becoming nonoperational under extreme stress? Is it really decentralized if some individuals have way more governance tokens than others? Does the anonymous culture compromise its transparency? …

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Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks

Finance / By Alex

Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more …

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No reserves in Germany’s federal budget, says finance minister

Finance / By brbc

Economic Indicators Jun 10, 2022 11:10PM ET © Reuters. FILE PHOTO: German Finance Minister Christian Lindner addresses the media during a news conference after the country agreed to change its constitution to allow for a credit-based special defense fund in Berlin, Germany, May 30, 2022. REUTERS/Michele Tantu BERLIN (Reuters) – Germany’s federal government has reached …

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