In a speech titled “A Tokenised Future for the Australian Financial System,” Brad Jones, assistant governor (financial system) of the RBA, talked about the opportunities and challenges arising from the tokenization of assets and money in the digital age while shedding light on the proposed plan to use CBDCs as a form of money.Continue Reading on Cointelegraph More
This admission came as a shock to the entire crypto industry, but the two conspiring to suppress BTC price, versus actually doing it are two different things. Continue Reading on Cointelegraph More
We are incredibly grateful for the support and trust you have placed in our publication over the last 10 years. We strive to deliver the most thoughtful, engaging and impactful news affecting the cryptocurrency space.Continue Reading on Cointelegraph More
On Oct. 16, the administration released an update saying it is developing a framework through which city agencies can “carefully” evaluate AI tools and their risks. The framework is also designed to help build government employees’ knowledge and skills of AI technologies and improve life quality for local residents. Continue Reading on Cointelegraph More
According to reports from the criminal trial of Sam “SBF” Bankman-Fried on Oct. 16, Singh revealed details about his deal with the United States Justice Department, which had him plead guilty to fraud charges announced in February. The former FTX engineer director reportedly said he faced up to 75 years in prison for charges related to defrauding users of the crypto exchange.Continue Reading on Cointelegraph More
According to a post by Uniswap founder Hayden Adams, the affected tokens are Ether (ETH), USD Coin (USDC), Wrapped Ether (wETH), Tether (USDT), Dai (DAI), Wrapped Bitcoin (WBTC), Angle Protocol’s agEUR, Gemini Dollar (GUSD), Liquidity USD (LUSD), Euro Coin (EUROC) and StraitsX Singapore Dollar (XSGD). Shortly after publication, a spokesperson for Uniswap reached out to Cointelegraph, stating that “both the input and output token need to be on the list for the fee to apply.”Continue Reading on Cointelegraph More
Ellison revealed that Alameda’s bad loans created market panic around FTX, causing users to withdraw their funds. FTX then paused withdrawals to contain the situation, and the exchange came crashing down within days. When one of the employees attending the meeting asked Ellison how FTX intended to pay back its customers, she said the crypto exchange was planning to raise further funds to fill the gap.Continue Reading on Cointelegraph More
The perceived inflation is driven by consistent price increases in sectors such as food, gasoline, rent, and housing. Despite a recent deceleration in food price growth as indicated by the consumer price index, food inflation remains a major factor influencing overall inflation perception.The rising cost of living has emerged as a major concern for Canadian consumers. Many attribute these increasing costs and the persistent high inflation to interest rate hikes by the Bank of Canada. These concerns are encapsulated in one respondent’s struggle with an escalating grocery bill while feeding a family of five.Desjardins noted these persistent inflation expectations pose a challenge for the central bank. He predicted a “hawkish hold” stance from the Bank of Canada later this month. This indicates that while the bank acknowledges the inflation issue, it might not immediately act to combat it.The survey also found that businesses plan larger and more frequent price increases than usual over the next year. About half of businesses are yet to return to normal pricing practices and anticipate that inflation will remain high and stay above 2% for more than three years.Higher interest rates are reportedly impacting both businesses and households. More companies anticipate that increased borrowing costs will limit their sales and investment plans in the next year. Similarly, many households reported being affected by higher interest rates, leading to reduced spending due to these economic pressures.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More
