Stablecoins reddit

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. The bottom line: Facebook attempted to bring cryptocurrency to its platform and its users. The selling of Diem shows Facebook and its parent company Meta will leave the crypto game for now. Start your day with the top stories you missed while you were sleeping.

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Content:

• Cryptocurrency finds itself in the sights of robust regulation
• Stablecoins Clearly Explained – Earning Interest, Different Types & Taking Profits
• Why are social media companies nuts for NFTs?
• Facebook is slowing down its cryptocurrency venture
• Fed warns of peril in run-up of risky asset prices, stablecoins
• Stablecoin Definition: What Are They and How Do They Work?
• Earn Passive Income With Crypto
• 5 Things to Know Before You Buy Dai

WATCH RELATED VIDEO: Best Platforms To Stake Crypto - Earn Up To 40% Interest On Stablecoins

Cryptocurrency finds itself in the sights of robust regulation

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If people say no to these cookies, we do not know how many people have visited and we cannot monitor performance. Diem, the spurned cryptocurrency payment system spawned under the name Libra by Mark Zuckerberg's Facebook itself now operating as Meta will reportedly sell its assets to Silvergate Capital Corporation. The deal has not yet been publicly finalized but it may be soon — a Diem spokesperson declined comment when asked to confirm the reports but said he'd be in touch immediately if the situation changes.

It could collapse, too — earlier this month during Silvergate's Q4 earning statement to investors, David Chiaverini, an analyst for Wedbush Securities, said, "With it looking like Diem may not happen, could you talk about your distribution strategy related to the Stablecoin initiative if you were to go about it on your own?

Alan Lane, president and CEO of Silvergate Capital, declined to discuss Diem — possibly because negotiations were still underway — but affirmed that the company still sees a business opportunity to provide Stablecoins — digital tokens tied to the US dollar — which was why the firm hooked up with Diem last year. Either way, it looks like Diem's day is done. What started in as an effort by Facebook to invent its own blockchain-based cryptocurrency and payment system — and remake global finance and data collection in its own tarnished image — seems destined to end with the Diem Association parting out its technology.

Meanwhile, Diem's progenitor has pivoted to virtual reality to escape its reputation as an accessory to privacy violations and a willing merchant of misinformation and hate speech. Diem never really got off the ground. At launch, the project, then known as Libra, had 27 partners, with the hope of reaching by , and was already dogged by privacy concerns that drew the attention of lawmakers.

By October , initial partners were already jumping ship , prompting Libra to scale back its ambitions a few months later. Libra became Diem in December in an effort to disassociate itself with Facebook, the least trusted social media service in the US, according to a Washington Post-Schar School poll conducted November That was a month after Facebook renamed itself Meta.

EU leaders would have none of it and in EU lawmakers floated the Markets in Crypto-Assets MiCA framework to regulate the invented coin market because "the absence of applicable rules to services related to such assets leaves consumers and investors exposed to substantial risks.

According to Politico, Diem's plan to provide a Stablecoin through its partnership with Silvergate Capital was doomed when neither the Fed nor the Treasury Department would support the project. A November Treasury Department report [ PDF ] on Stablecoins echoes the concerns of EU lawmakers, namely that rules are needed to address market integrity, investor protection, and illicit finance concerns, among others. The search and ads giant launched the grandly named fund in July and promised the money would go towards "a mix of equity investments, partnerships, operations, infrastructure and ecosystem investments" — provided they helped to deliver affordable internet across India, created new products for the Indian market, helped businesses to be more digital, or put AI to work for social good.

The OS runs on low-priced handsets that Jio loads with its own services and many of Google's wares. Analysis Epic Games' legal campaign to break Apple's near absolute control over its iOS ecosystem received reinforcement this week from 35 US states, Microsoft, the Electronic Frontier Foundation, Public Citizen, and more than 50 academics, among others. In , Epic Games flouted Apple's iOS App Store rules by directing players of its Fortnite game to buy in-game currency and items directly from its website at a lower price rather than through Cupertino.

Apple, deprived of its required 30 per cent cut of in-app sales, responded by removing Fortnite from its iOS App Store. How do you make a flawless PlayStation exclusive even better? Back in , The Register was lucky enough to receive a copy ahead of its original release. We played it and loved it, though without a dedicated spot on the site for gaming it would have felt strange to suddenly write about the experience. Things have changed.

The RPG has entered its third year as God of War becomes the latest in a number of erstwhile "exclusives" that have made the leap to the desktop. In that vein, this column has previously covered the PC releases of Death Stranding not for everyone and Days Gone not perfect , and we've learnt that the measure of a port is "how badly have they fucked this up? The British businessman is wanted in the United States to stand trial on 17 charges of fraud and false accounting. Semiconductor shortage issues will continue through the first half of as the industry attempts to build up inventory to normal levels, according to research firm IDC.

It cites limited investment in mature process technology as one reason, with many vital components for the automotive industry and other sectors manufactured using these older processes. The semiconductor market continues to experience uneven shortages and tight supply, IDC noted, and the research firm highlights that one of the key supply constraints for semiconductors has been in mature process nodes.

Microsoft has dropped another Windows 11 Insider build into the hands of unpaid testers, demonstrating it is serious about tidying up the mismatch of user interface cues in its flagship operating system. Build arrived in the Dev Channel last night and while the company was keen to trumpet the arrival of more natural voices for its Narrator "Jenny" and "Aria" and new keyboard commands, the updated visuals are a welcome bit of polish — particularly in light of the ravaging of Notepad and Task Manager.

After finally sorting out hardware indicators for the brightness and volume, today's emission brought tweaks to the media controls on the lock screen for some Insiders so it looks more like the design in Quick Settings when they are signed in. The US Ninth Circuit Court of Appeals on Friday upheld a lower court's refusal to block California's net neutrality law SB , affirming that state laws can regulate internet connectivity where federal law has gone silent.

The decision is a blow to the large internet service providers that challenged California's regulations , which prohibit network practices that discriminate against lawful applications and online activities.

SB , for example, forbids "zero-rating" programs that exempt favored services from customer data allotments, paid prioritization, and blocking or degrading service. In , under the leadership of then-chairman Ajit Pai, the US Federal Communications Commission tossed out America's net neutrality rules, to the delight of the internet service providers that had to comply.

Then in , the FCC issued an order that redefined broadband internet services, treating them as "information services" under Title I of the Communications Act instead of more regulated "telecommunications services" under Title II of the Communications Act. While Microsoft's Azure Quantum continues to hover between vapourware and hardware — a state of quantum if you will — NASA boffins have been putting tech inspired by the research to work in spacecraft communications.

As for those that think the Moon landings never happened, just wait until you hear about scalable quantum computing. Instead, the team is looking for ways of optimising communication with missions via the very finite resource of the Deep Space Network DSN. HBM is a high-performance memory type that uses vertically stacked memory chips that are typically mounted on the same substrate close to a CPU or GPU.

The HBM3 standard was designed for greater bandwidth, doubling the per-pin data rate of HBM2 generation components up to 6. The Register - Independent news and views for the tech community. Part of Situation Publishing. Review and manage your consent Here's an overview of our use of cookies, similar technologies and how to manage them.

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Corrections Send us news. Other stories you might like Google dips into India Digitization Fund for telco Bharti Airtel Pledges work on 'mutually agreed commercial initiatives' — such as figuring out how to use 5G. God of War : How do you improve on perfection? Lynch denies any wrongdoing. Microsoft brings Jenny, Aria, and more interface tweaks to new Windows 11 Insider build Exorcising the ghost of Windows past. California's net neutrality law dodges Big Telecom bullet Federal appeals court upholds decision not to block connection protection rules.

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Stablecoins Clearly Explained – Earning Interest, Different Types & Taking Profits

What are stablecoins and why are they so popular? AirAsia News. Adani Wilmar IPO. Nirmala Sitharaman. Cryptocurrency Price in India. NEW DELHI: The cryptocurrency gamble and volatility isn't for everyone where prices of coins rise and plummet abruptly, making investors rather jittery. Enter: Stablecoins.

Why are social media companies nuts for NFTs?

Cryptocurrency sector is expanding at a rapid pace and has gathered the interest of several governments around the world that wish to regulate it. Under the leadership of US President Joe Biden, the White House may soon pass executive orders around the crypto sector, media reports quoting sources say. The orders are expected to come as part of Biden's national security memorandum in the coming weeks, the exact timeline of which remains undisclosed as of now. Government entities will be assigned the role of studying the crypto space and its elements like stablecoins and non-fungible tokens NFTs among others, news publication Barron's reported , citing an anonymous White House source as saying. While Washington, DC, is yet to officially address the subject, rumours around an executive order focussing on the crypto space has been making the rounds in the US for a while now. Earlier this month, Forbes reported that the Biden government may soon bring in some significant changes to the currently decentralised crypto regime that is witnessing rapid adoption in the US. Along with the US, other nations like India and Russia are also mulling ways to tax crypto incomes and regulate the crypto sector to curb its exploitation for illicit activities.

Facebook is slowing down its cryptocurrency venture

Bloomberg -- The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure. After Zuckerberg was called to testify, some partners abandoned the project and it changed its name to Diem. The association struck an arrangement with Silvergate Capital Corp. Federal Reserve dealt the effort a final blow, the people said.

Fed warns of peril in run-up of risky asset prices, stablecoins

Basically, these terms refer to cryptocurrencies with little to no value, that have no immediate or discernible purpose. The catch, however, is that shitcoin currencies are often considered to be bad investments, because their prices are usually based on speculation. Think of them as penny-stock cryptocurrencies. Luckily for us, Reddit has come to the rescue with a guide to spotting said shitcoins. In the beginning, while learning, I fell for all the scams just like everyone else. Yes, I have losses like everyone else, but usually I get out with very small losses compared to my gains.

Stablecoin Definition: What Are They and How Do They Work?

Invest in a wide variety of leading cryptocurrencies, using innovative tools. The last known price of Star Atlas is 0. Blockchain Engineer - Solana. Star Atlas takes place in a futuristic science fiction setting in , where three major factions have emerged and are competing for resources Star Atlas Awareness Score. Star Atlas is developing a unique gaming experience by combining blockchain mechanics with traditional game mechanics and is proud to announce that it has selected Solana as the protocol to build out its metaverse. We believe crypto is the technology of free people, free thinking and free markets. If you are looking for a real-time place to communicate Discord is a great choice. Our global network of founders, investors, and influencers through the events we run give us an unfair advantage.

Earn Passive Income With Crypto

Here's What Investors Should Know. Ethereum Just Hit a 6-Month Low. Upgrade Bitcoin Rewards Card: 1.

5 Things to Know Before You Buy Dai

RELATED VIDEO: Safest Stable Coins- Don't Buy The Dip ❓

Blockchair News Aggregator allows you to stay on top of all crypto-related news, in just one place. News Aggregator brings you news in 11 languages from more than biggest crypto media platforms. The slated integrations with Bitcoin and Ethereum would displace the need to use a bridge, which can open the network. Ethereum is not relenting in its quest to attract more players because addresses consisting of one to ten ETH reached. LooksRare aims to be an alternative to OpenSea, but the amount of wash trading on the platform raises questions on.

Dai is maintained and regulated by MakerDAO , a decentralized autonomous organization DAO composed of the owners of its governance token, MKR, who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai. Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption. Dai is created from an overcollateralized loan and repayment process facilitated by MakerDAO's smart contracts in the form of a decentralized application. Users who deposit Ether or other cryptocurrencies accepted as collateral are able to borrow against the value of their deposits and receive newly generated Dai. If the value of the collateral declines below this ratio, the loan can be automatically liquidated by the smart contracts. On the other hand, if its value increases, additional Dai can be borrowed. Consequently by repaying a loan and its accrued interest , the returned Dai is automatically destroyed and the collateral is made available for withdrawal.

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