The Financial Services Agency (FSA) of Japan recently presented some ideas about cryptocurrencies and stablecoins to the Payment Services Working Group of the Financial System Committee, mentioning its reluctance to allow banks other than trust banks to issue stablecoins. For stablecoins issued by trust banks, the FSA hopes to relax the current reserve requirements that require all assets to be held in the form of bank demand deposits. However, the FSA also hopes to implement travel rules that require KYC for stablecoin transfers issued by trust banks. Japan passed stablecoin legislation in 2022, supporting banks, licensed remittance companies, and trust companies to issue stablecoins. As part of its working group presentation, the FSA distinguished between stablecoins issued on permissioned blockchains and those issued on public blockchains. It is satisfied that all three stablecoins exist on permissioned chains, but is cautious about allowing licensed deposit institutions to issue stablecoins on non-permissioned chains.

South Korea’s Democratic Party previously pushed back against another delay, saying it was a political trick by the ruling party. source: https://cointelegraph.com/news/south-korea-crypto-tax-delay-two-years-kdp?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

null source: https://x.com/Bitcoinsensus/status/1863125904731333019

مع تصاعد الاهتمام بألعاب البلوكتشين والاستثمار المتزايد فيها، بات هذا القطاع يمثل نقطة جذب رئيسية للمستثمرين في جميع أنحاء العالم، بما في ذلك منطقة الشرق الأوسط وشمال إفريقيا. في هذا اللقاء، نناقش مع السيد إيلمان شجاييف، أحد العقول البارزة خلف مشروع فاركانا، الرؤى والفرص التي يقدمها هذا القطاع، وكيف تميز فاركانا نفسها في مشهد ألعاب الويب 3 التنافسي. كما نتطرق إلى التحديات والفرص التي تواجهها... source: https://ar.beincrypto.com/%d8%a5%d9%8a%d9%84%d9%85%d8%a7%d9%86-%d8%b4%d8%ac%d8%a7%d9%8a%d9%8a%d9%81-%d9%85%d9%86-%d9%81%d8%a7%d8%b1%d9%83%d8%a7%d9%86%d8%a7-%d9%8a%d9%83%d8%b4%d9%81-%d8%a3%d8%b3%d8%b1%d8%a7%d8%b1-%d9%86%d8%ac/

The post Chris Giancarlo Expects SEC To Drop Ripple-XRP Case; Foresees Innovation and Growth Under Trump appeared first on Coinpedia Fintech News Former CFTC Chairman Chris Giancarlo has given a potential hint that the SEC might drop its high-profile legal battle against Ripple over XRP. In a Fox Business interview on Wednesday, Giancarlo suggested that the SEC might abandon its appeal against... source: https://coinpedia.org/news/chris-giancarlo-expects-sec-to-drop-ripple-xrp-case-foresees-innovation-and-growth-under-trump/

According to PANews, a significant portion of Ethereum block creation is dominated by just two companies, Beaver and Titan, which together account for over 90% of the blocks. This situation traces back to the introduction of MEV-Boost by Flashbots at the end of 2022. MEV-Boost is a software that allows Ethereum L1 validators to obtain transaction blocks from third-party builders, enhancing their earnings. Following its introduction, nearly all Ethereum L1 validators adopted this software. Initially, Flashbots was the sole builder, but competition intensified over the following months. By April 2023, Titan had secured an exclusive order flow agreement with Banana Gun, a leading Telegram trading bot. This agreement allowed Titan to construct more profitable blocks for L1 validators by accessing higher-reward transactions exclusively. Consequently, the majority of Ethereum L1 transactions now originate from Beaver and Titan. Financial data up to August 2023 reveals that Flashbots created approximately 550,000 blocks, earning 16.7 ETH, while Titan created around 600,000 blocks, earning 13,151 ETH. This difference translates to a profit margin of $44 million at current prices. Despite the transparency of these figures, several questions remain unanswered. For instance, why did Banana Gun choose to route its services almost entirely through Titan when it held less than 1% market share? Did Titan initially strike a multi-million dollar deal with Banana Gun to boost its market presence? Was there a promise of rebates to Banana Gun's team that might have compromised user interests? These questions remain largely speculative, with few having concrete answers. Austin King, co-founder and CEO of Omni Network, delves into these transactions because they highlight the potential for greater profitability through chain abstraction. As the market shifts towards enhancing the crypto user experience, the next wave of users will likely be less concerned with the intricacies of transactions, such as gas fees or which chain is used. This abstraction could unlock more opportunities for networks to generate substantial revenue streams. Currently, Omni's two core primitives, EVM and Interop, are destroyed upon use. However, few understand the business potential when order flow supply chain revenue opportunities are directly integrated into the token's core model. This presents a significant commercial opportunity.

According to Odaily, users have been cautioned against interacting with the Spectral platform's on-chain AI agent due to a recent security breach. The warning was issued by X user @RuslanMoody, who highlighted that the interaction contract of the Spectral website has been compromised by hackers. This alert specifically advises users to avoid engaging with the platform, although it does not apply to tokens whose liquidity is already locked on Uniswap. Further reports from X user @0xYong_W indicate that the internal pool of Spectral has been exploited, leading to unauthorized withdrawals. This incident underscores the importance of vigilance and caution when dealing with decentralized platforms, especially in the wake of increasing cyber threats targeting blockchain technologies. Users are advised to stay informed and take necessary precautions to safeguard their digital assets in light of these developments.

X user @RuslanMoody posted a reminder: "Do not interact with the on-chain AI agent Spectral website, its interactive contract has been hacked. Note: This does not apply to tokens whose liquidity has been locked on Uniswap." According to feedback from X user @0xYong_W, Spectral's internal disk has been "dug out" by others.

Exchange, Zhao Changpeng, The grudges in the Chinese cryptocurrency circle, Golden Finance, In 1986, a baby boy was born in Shaoyang, Hunan.

OKX market data shows that ATH briefly broke through 0.083 USDT and is now at 0.07947 USDT, with a 24-hour increase of 21.22%.

Shib Burn involves permanently removing Shiba Inu coins from circulation to create scarcity and potentially drive up their value. <p>The post Shib Burn: Understanding Its Impact first appeared on Ecoinimist.</p> source: https://ecoinimist.com/2024/12/01/what-is-shib-burn/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-shib-burn

This week, 29 blockchain startups raised a total of $109.2 million in funding. World Liberty Financial raised $30 million in a pre-seed round of funding — the largest round of the week.

The bull market is still spreading. Although Bitcoin has experienced both ups and downs, Ethereum reversed its decline and broke through $3,700. Defi, Layer2 and other sectors generally rose, and the altcoin market finally began to regain vitality.

Recently, more than 30 crypto bosses collectively accused the Biden administration of having a carefully planned "Chokepoint 2.0" operation to secretly force banks not to provide services to the crypto industry.

Golden Finance launches the 2525th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

It has been 15 days since the DEXX theft. As a victim and the leader of a rights protection group, I have sorted out the complete timeline of the incident and the latest developments.

Ripple Labs’ RLUSD stablecoin, an over-collateralized digital currency pegged to the U.S. dollar, is close to receiving approval from the New York Department of Financial Services (NYDFS).

I saw a post about how Einstein recruits talent, and I found it quite interesting and inspiring.

Some time ago, U.S. Senator Cynthia Lummis proposed a bill about Bitcoin called the "Bitcoin Act of 2024", which caused a huge uproar.

Market, Crypto Market, BTC, $100,000 Bitcoin Unstoppable FOMO Golden Finance, "I can calculate the movement of celestial bodies, but I cannot calculate the madness of human beings."