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    France, Singapore and Switzerland test cross-border CBDCs

    The so-called Project Mariana was developed by the Banque de France, the Monetary Authority of Singapore and the Swiss National Bank under the aegis of the BIS. It has tested the cross-border trading and settlement of hypothetical euro, Singapore dollar and Swiss franc CBDCs between simulated financial institutions using decentralized finance (DeFi) technology concepts on a public blockchain.Continue Reading on Coin Telegraph More

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    Bitcoin block space sees rise in ordinal inscriptions, miners face potential income stress

    Despite this development, monetary transactions remain the dominant content within each block. The increase in inscriptions has resulted in over 550,000 daily transactions and has expanded each block’s content to around 3,500 transactions. However, these changes have not significantly impacted miners’ earnings.Bitcoin’s mining difficulty has escalated by 50%, and with the halving event expected in just 206 days, miners could potentially face income stress. The income per hash rate is nearing historic lows, and network fees have doubled to approximately 38 BTC daily.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

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    ChatGPT can now browse the internet, no longer limited to info from 2021

    The updates are available immediately for Plus and Enterprise users using the GPT-4 model, according to the post. The web browsing feature will be available for other users “soon,” but OpenAI didn’t specify whether that meant GPT-4 would be enabled for non-premium users or if browsing would be implemented for the GPT 3.5 model.Continue Reading on Coin Telegraph More

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    Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

    According to a statement from the United States Justice Department, IcomTech promised investors daily returns on investment products offered by the company, which purported to be a crypto mining and trading company. Promoters “hosted lavish expos” and other community events around the world to attract customers. The company also issued its own token, called an Icom.Continue Reading on Coin Telegraph More

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    SEC pushes deadlines for ARK 21Shares, VanEck spot Ether ETF applications

    In separate notices filed Sept. 27, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow listings of spot ETH ETFs from VanEck and ARK 21Shares on the Cboe BZX Exchange. The commission said it had received no public comments on either proposal and would push the deadlines for another delay or decision to Dec. 25 and Dec. 26, respectively.Continue Reading on Coin Telegraph More

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    Crypto exchange Kraken plans move into US stock trading: Report

    According to a Sept. 27 Bloomberg report, the U.S.-based exchange planned to launch its trading services in the U.S. and United Kingdom sometime in 2024 through a division called Kraken Securities. Kraken’s expansion of investment vehicles beyond cryptocurrencies would require licensing from the Financial Industry Regulatory Authority and financial regulators in the U.K., which the exchange reportedly already holds.Continue Reading on Coin Telegraph More

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    Ethereum’s 2014 ICO raises doubts amid potential regulatory violations

    Lawyer Bill Morgan’s tweets raise questions about whether Ethereum received two exemptions from the SEC, one for the ICO and another linked to the 2018 Hinman speech. This could suggest that Ethereum avoided securities registration, which would pose a risk of it being an unregistered security. However, any alleged violations might be beyond the statute of limitations.These speculations contradict Lubin’s claims of guideline adherence and intensify the legal scrutiny surrounding Ethereum’s upcoming transition. The co-founders have not yet responded to these allegations as of Wednesday.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More