EU needs a permanent CBDC — Deutsche Börse CEO
Deutsche Börse CEO Stephan Leithner calls for a permanent digital euro, citing its role in financial stability, efficiency and EU autonomy.
Polkadot to launch first blockchain course for policymakers, UK MPs
The Polkadot Blockchain Academy is taking a proactive approach to educating policymakers about the potential of Web3 technology. In an effort to bridge the gap between traditional governance and the rapidly evolving world of blockchain and cryptocurrency, the academy will be hosting a special education course for policymakers in Switzerland.
The course, which will be held in collaboration with UK lawmakers, aims to provide a comprehensive understanding of the benefits and challenges of blockchain technology, as well as its potential impact on various industries. With the growing interest and adoption of cryptocurrencies, it is crucial for policymakers to have a solid understanding of this emerging technology in order to make informed decisions and create effective regulations.
The academy has invited experts and thought leaders in the blockchain space to share their knowledge and insights with the attendees. This includes representatives from top blockchain projects, as well as legal and regulatory experts. The course will cover a wide range of topics, from the basics of blockchain and cryptocurrencies to more complex issues such as governance, security, and scalability.
One of the main goals of the course is to dispel any misconceptions or myths surrounding blockchain technology and cryptocurrencies. By providing policymakers with accurate and up-to-date information, the academy hopes to facilitate a more open and productive dialogue between regulators and the blockchain industry.
The event will also serve as a platform for policymakers to network and exchange ideas with their peers from different countries. This cross-border collaboration is crucial in creating a unified and consistent approach to regulating blockchain and cryptocurrency.
The Polkadot Blockchain Academy’s Web3 education course for policymakers is a step towards creating a more inclusive and informed regulatory environment for the blockchain industry. By bringing together policymakers and experts in the field, the academy hopes to pave the way for a more seamless integration of blockchain technology into our daily lives.
Saudi crown prince impersonators launch fake Saudi Arabia memecoin
In a world where cryptocurrency scams are becoming increasingly common, a new one has emerged that has caught the attention of many. Scammers have taken advantage of the popularity of celebrity-backed tokens by launching a fake KSA memecoin, impersonating none other than Saudi Arabia’s crown prince.
The news of this fraudulent coin spread like wildfire, with many investors eager to get their hands on a piece of the action. After all, who wouldn’t want to invest in a coin that claims to have the backing of a powerful and influential figure like the crown prince?
However, it was soon revealed that the account promoting the KSA memecoin was actually hacked, and the real crown prince had nothing to do with it. This unfortunate incident serves as a reminder that scammers will stop at nothing to deceive and exploit innocent investors.
Cryptocurrency has gained immense popularity in recent years, with many people seeing it as a lucrative investment opportunity. However, with this popularity comes the risk of falling victim to scams and frauds. It is crucial for investors to do their due diligence and thoroughly research any coin or project before investing their hard-earned money.
The rise of celebrity-backed tokens has also opened up a new avenue for scammers to exploit. These tokens often claim to have the endorsement of famous personalities, making them seem more legitimate and trustworthy. However, as seen in the case of the fake KSA memecoin, this is not always the case.
It is important for investors to be cautious and not fall for the hype surrounding these celebrity-backed tokens. Instead, they should focus on investing in well-established and reputable projects that have a solid track record.
In conclusion, the launch of the fake KSA memecoin serves as a cautionary tale for investors to be vigilant and do their research before investing in any cryptocurrency. Let us learn from this incident and take necessary precautions to protect ourselves from falling prey to such scams in the future.
Libra founder: Memecoin critics only ‘bitch’ when left out of insider deals
In a recent interview with Coffeezilla, Hayden Davis, the founder of Libra token, addressed the controversy surrounding memecoins and insider deals. Memecoins, a type of cryptocurrency that is often based on internet memes, have gained popularity in recent years. However, they have also faced criticism for their lack of utility and potential for market manipulation.
Davis, who has been involved in the creation and promotion of several memecoins, defended the practice of insider deals, where early investors are given preferential treatment and access to new coins before they are available to the public. He argued that this is a common practice in the cryptocurrency world and is necessary for the success of a new coin.
According to Davis, critics of memecoins and insider deals are simply upset that they missed out on the opportunity to get in on the ground floor and make a profit. He believes that these critics are just trying to discredit memecoins and the people behind them out of jealousy and resentment.
However, Davis also acknowledged that there have been cases of market manipulation and scams in the memecoin space. He emphasized the importance of doing thorough research and due diligence before investing in any cryptocurrency, including memecoins. He also encouraged investors to diversify their portfolios and not put all their eggs in one basket.
Despite the controversy surrounding memecoins, Davis remains optimistic about their potential and believes that they can bring a fun and lighthearted element to the often serious and complex world of cryptocurrency. He also believes that memecoins have the potential to reach a wider audience and introduce more people to the world of digital assets.
In conclusion, while memecoins and insider deals may be a contentious topic in the cryptocurrency community, Davis stands by his belief that they are a legitimate and valuable part of the market. As with any investment, it is important to do your own research and make informed decisions. And who knows, you may just find yourself jumping on the memecoin bandwagon and joining in on the fun.
$102K BTC price 'short squeeze'? 5 Things to know in Bitcoin this week
As the price of Bitcoin continues to fluctuate within a tight range, many investors and analysts are speculating about the potential for a major trend test in the near future. This rangebound price action has sparked a lot of discussion and debate within the cryptocurrency community, with some predicting a breakout to new highs and others anticipating a sharp decline.
The current state of the Bitcoin market can be seen as a microcosm of the larger financial landscape, where uncertainty and volatility have become the norm. With global economic conditions in flux and traditional markets experiencing unprecedented levels of volatility, many are turning to Bitcoin as a potential safe haven asset. However, the recent rangebound price action has left some investors feeling uncertain and hesitant.
Despite this uncertainty, there are still many who remain bullish on Bitcoin’s long-term prospects. They point to the recent halving event, which reduced the rate at which new Bitcoins are created, as a potential catalyst for a major price increase. Additionally, the growing adoption of Bitcoin by institutional investors and the increasing mainstream acceptance of cryptocurrency as a legitimate asset class are seen as positive indicators for the future of Bitcoin.
On the other hand, there are those who believe that the current rangebound price action is a sign of a potential trend reversal. They argue that the lack of significant price movement and the failure to break through key resistance levels could indicate a lack of buying pressure and a potential shift in market sentiment.
Regardless of which camp you fall into, one thing is certain: the current rangebound price action is creating a lot of speculation and excitement within the cryptocurrency community. As we wait to see which direction Bitcoin will ultimately take, one thing is for sure: the future of Bitcoin remains as unpredictable and exciting as ever.
Milei-endorsed Libra token was “open secret” in memecoin circles — Jupiter
Argentine President Javier Milei is facing backlash and calls for impeachment from his political opponents after publicly endorsing a controversial cryptocurrency that resulted in a massive financial loss for investors. The cryptocurrency in question, known as “Ponzicoin,” was marketed as a revolutionary investment opportunity, but ultimately turned out to be a $100 million rug pull.
Milei, a vocal advocate for free market economics and limited government intervention, had previously expressed his support for cryptocurrencies as a means of decentralizing the financial system. However, his endorsement of Ponzicoin has sparked outrage and accusations of irresponsibility, as many investors have lost their life savings due to the scam.
The situation has escalated to the point where Milei’s opponents are calling for his impeachment, citing his endorsement of Ponzicoin as a violation of his duties as president. They argue that his actions have not only caused financial harm to citizens, but also damaged the country’s reputation and credibility in the global market.
In response, Milei has defended his stance, stating that he was simply exercising his right to free speech and expressing his personal beliefs. He also pointed out that he was not the only public figure to endorse Ponzicoin, and that the responsibility ultimately lies with the creators and promoters of the cryptocurrency.
This incident has once again brought to light the risks and dangers associated with the unregulated world of cryptocurrency. While it has the potential to revolutionize the financial industry, it also attracts scammers and fraudsters looking to take advantage of unsuspecting investors.
As the debate over the regulation of cryptocurrencies continues, it is important for individuals to educate themselves and approach these investments with caution. And for public figures, especially those in positions of power, it is crucial to carefully consider the consequences of their endorsements and actions. In the case of President Milei, it remains to be seen how this controversy will affect his political career and the future of cryptocurrencies in Argentina.
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Italy engages with crypto firms on regulatory safeguards
Italy’s financial regulators, Banca d’Italia and Consob, are taking steps to ensure that cryptocurrency firms operating within the country are compliant with regulations. This comes as the gap between regulatory frameworks in the European Union and the United States continues to widen.
The rise of cryptocurrencies has presented a unique challenge for regulators around the world. With their decentralized nature and lack of physical presence, it can be difficult to monitor and regulate these digital assets. As a result, many countries have struggled to keep up with the rapid growth of the crypto industry.
In Italy, Banca d’Italia and Consob have recognized the need to address this issue and are actively engaging with crypto firms to ensure compliance. This move is crucial in maintaining the integrity of the financial system and protecting consumers from potential risks associated with cryptocurrencies.
The talks between the regulators and crypto firms are focused on addressing any potential gaps in compliance and identifying areas where regulations may need to be updated or strengthened. This proactive approach demonstrates Italy’s commitment to staying ahead of the curve in regulating the crypto market.
One of the main concerns for regulators is the lack of consistency in regulations between different countries. While the EU has taken a more cautious approach to cryptocurrencies, the US has been more open to embracing them. This has resulted in a significant gap between the two regions, making it challenging for companies to operate globally.
Italy’s efforts to bridge this gap and ensure compliance with regulations will not only benefit the country’s financial system but also the global crypto market. By setting a precedent for proactive and effective regulation, Italy is positioning itself as a leader in the crypto space.
In conclusion, the talks between Banca d’Italia, Consob, and crypto firms are a positive step towards creating a more secure and regulated environment for cryptocurrencies in Italy. As the industry continues to evolve, it is crucial for regulators to work closely with companies to ensure compliance and protect consumers. Italy’s proactive approach sets a strong example for other countries to follow in regulating the ever-growing crypto market.