Dogecoin enthusiasts across the globe commemorate “Dogeday” on April 20, as the memecoin’s community anticipates imminent deadlines for Dogecoin-associated exchange-traded fund (ETF) submissions.Dogeday signifies the unofficial celebration of the Dogecoin (DOGE) community. It gained popularity within the memecoin circles four years back, in 2021, coinciding with International Weed Day on April 20.Source: BitgetIn spite of its status as a humorous token, Dogecoin holds the position of the eighth-largest cryptocurrency by market capitalization, presently valued at $23.3 billion, as per CoinMarketCap.Critiques have often emerged regarding Dogecoin’s tokenomics for introducing 14.4 million DOGE daily into circulation, resulting in a daily inflation figure…
Autore: wsjcrypto
The Bank for International Settlements’ (BIS) initiative to segregate crypto markets and its contentious suggestions on decentralized finance (DeFi) and stablecoins pose a “threat” to the whole financial system, cautions the leader of a blockchain investment company.“Numerous recommendations and findings — likely arising from a blend of trepidation, hubris, or ignorance — are utterly misinformed and, truthfully, perilous,” CoinFund president Christopher Perkins stated in an April 19 post on X, referencing the BIS’ April 15 document entitled “Cryptocurrencies and Decentralized Finance: Functions and Financial Stability Implications.”BIS suggestions expose TradFi to dangers of “unimaginable scale”“Crypto is not communism,” Perkins remarked, countering…
SPAR has commenced accepting Bitcoin transactions at its Zug, Switzerland location, signifying yet another achievement in Switzerland’s innovative approach to bitcoin utilization. The deployment employs the Lightning Network via DFX Swiss’s OpenCryptoPay system, facilitating instant transactions at the point of sale. The shop’s site in Zug, frequently referred to as “Crypto Valley,” symbolizes Switzerland’s adaptation to technology. The nation has established itself as a global frontrunner in bitcoin acceptance, with cities such as Zug and Lugano leading the charge to incorporate bitcoin into everyday transactions. Lugano, in particular, has gained attention with its “Plan ₿” program, which aspires to position…
PUBLICLY LISTED retailer Metro Retail Stores Group, Inc. announced a 1.4% reduction in net earnings to P609.42 million for 2024, due to non-cash expenses related to company expansion. “As a result of non-cash expenses linked to the firm’s ongoing growth initiatives, the net earnings for 2024 remained relatively stable at P609.42 million compared to P618.02 million from the previous year,” stated Metro Retail in a regulatory announcement on Wednesday. Net revenues increased by 3.5% reaching P39.62 billion, up from P38.27 billion in 2023, fueled by ongoing expansion efforts and a 4.9% rise in the food retail segment. Sales from existing…
Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Bitcoin is situated at a crucial point after a series of days spent in consolidation, fluctuating between $83,000 and $86,000. Despite some fleeting attempts to break free, the price remains stagnant, with neither bulls nor bears managing to assert complete dominance. This ambiguity mirrors the wider uncertainty affecting global financial markets as macroeconomic strains, particularly the ongoing trade dispute between the US and China, keep investors apprehensive. With no distinct catalyst on the horizon, Bitcoin continues to lack direction, trapped beneath essential moving averages and unable to…
Brandon Ferrick, chief legal officer at Douro Labs, stated that the Securities and Exchange Commission’s (SEC) receptiveness to public feedback on cryptocurrency regulations and their roundtable meetings are encouraging indicators that the cryptocurrency sector is not presently undergoing regulatory capture.In a conversation with Cointelegraph, Ferrick pointed out indicators of regulatory capture such as a public-to-private sector revolving door of personnel, the same lineup of participants at regulatory gatherings, and preferential treatment afforded to select cryptocurrency initiatives. Nevertheless, Ferrick remarked:”The reason I am not concerned currently is that much of what you observe from the regulatory side, like the SEC, for…
Opeyemi is a skilled author and aficionado in the thrilling and distinctive cryptocurrency sector. Although the digital asset field was not his initial preference, he has remained utterly captivated since venturing into the domain more than two years ago. Presently, Opeyemi takes pride in crafting original pieces that unravel the intricacies of blockchain technology and convey insights on the latest developments in the cryptocurrency arena. Opeyemi relishes his fascination with the crypto market, which clarifies why he dedicates much of his day examining various price charts. “Examining” is a rather simplistic way to describe dissecting and deciphering numerous price trends…
Vietnamese renewable energy firm CN Green Roof Asia (CNGRA) has commenced the construction of a 22.785-megawatt-peak (MWp) solar energy venture in Hermosa, Bataan. This facility, established through the special purpose entity Solana Solar Beta, Inc., is projected to initiate commercial operations by the close of 2025. When operational, the solar plant is anticipated to produce 32.8 gigawatt-hours of clean energy each year, enough to provide power to nearly 30,000 people annually. This initiative signifies a $15.8-million investment and is part of CNGRA’s larger endeavor to enhance its renewable energy presence in the Philippines. “This initiative exemplifies what robust alliances can…
The investment fund ABCDE, concentrated on Web3 and blockchain technologies, is halting fresh investments, although the $400 million fund remains steadfast in its support for ongoing projects.In a post on April 19 via X, co-founder Du Jun, who also established the Huobi exchange, stated that the fund will not pursue further investments in new ventures or collect additional capital for its second phase.Nonetheless, Jun indicated that the fund will persist in providing “post-investment support and exit plans for existing projects,” to affirm the organization’s dedication to entrepreneurs and liquidity providers (LPs).“My personal focus will gradually transition from financial investments in…
What are duties? Duties are levies imposed on imported products by a government or an international organization. Occasionally, duties can also be enforced on exports. They generate revenue for the government and act as a mechanism for trade regulation, often aimed at protecting local industries.There are four primary types of duties:Ad valorem duties: These are assessed as a percentage of the value of the good. For instance, a 20% levy might be placed on goods valued at $100.Specific duties: These are set charges based on the quantity of goods. For example, there might be a fee of $5 for every…