Genomics company explores NFTs in hopes of advancing precision medicine

genomics-company-explores-nfts-in-hopes-of-advancing-precision-medicine

GeneNFTs may be a game-changer for genomic testing, but user education is still needed in order for this model to advance. It’s predicted that nonfungible tokens (NFTs) will have a vast impact on society. Given this, it shouldn’t come as a surprise that the trillion-dollar healthcare sector has begun to explore NFTs tokens to advance … Read more

UST aftermath: Is there any future for algorithmic stablecoins?

ust-aftermath:-is-there-any-future-for-algorithmic-stablecoins?

The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t supposed to happen, of course, but last … Read more

Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding

indian-government’s-‘blockchain-not-crypto’-stance-highlights-lack-of-understanding

India’s “blockchain, not crypto” stance has led to disastrous crypto policies, forcing several thriving crypto firms to relocate. Indian crypto businesses are struggling with the new tax policies as trading volumes have dried up and many established crypto firms are looking to relocate to more crypto-friendly jurisdictions. While many developed countries and even several of … Read more

‘DeFi in Europe has no lobby,’ says co-founder of Unstoppable Finance

‘defi-in-europe-has-no-lobby,’-says-co-founder-of-unstoppable-finance

Peter Grosskopf, co-founder of the DeFi project Unstoppable Finance, tells Cointelegraph auf Deutsch what he thinks about new regulations for DeFi. Currently, trialogue for the Markets in Crypto Assets (MiCA) and Transfer of Funds (TFR) regulations is underway in the European Commission, the European Parliament and the Council of Ministers, which will be concluded in … Read more

The Brazilian Stock Exchange will launch Bitcoin and Ethereum futures

the-brazilian-stock-exchange-will-launch-bitcoin-and-ethereum-futures

Chief financial officer André Milanez said that the product will launch within the next si months. B3, the Brazilian Stock Exchange, confirmed that within six months it intends to launch its first official product aimed at the cryptocurrency market — Bitcoin (BTC) futures trading. The group’s chief financial officer, André Milanez, made the announcement during … Read more

CBDC activity heats up, but few projects move beyond pilot stage

cbdc-activity-heats-up,-but-few-projects-move-beyond-pilot-stage

Does government-issued digital money pose an existential threat to cryptocurrencies? Probably not, but stablecoin usage could narrow. Government-issued electronic currency seems to be an idea whose time has come.  “More than half of the world’s central banks are now developing digital currencies or running concrete experiments on them,” reported the Bank for International Settlements, or … Read more

Welcome to Mars: I own everything, have total privacy and life has never been better

welcome-to-mars:-i-own-everything,-have-total-privacy-and-life-has-never-been-better

While people on Earth are still expecting decentralized tech mass adoption, for people on Mars decentralization is the only way to organize their, well, everything. This is a parody of the article published by the World Economic Forum titled “Welcome to 2030. I Own Nothing, Have No Privacy And Life Has Never Been Better.” Welcome … Read more

What happened? Terra debacle exposes flaws plaguing the crypto industry

what-happened?-terra-debacle-exposes-flaws-plaguing-the-crypto-industry

The downfall of Terra calls into question the real-world utility as well as the long-term viability of algorithmic stablecoins. The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, … Read more

Nasdaq partners with XP to launch cryptocurrency exchange in Brazil

nasdaq-partners-with-xp-to-launch-cryptocurrency-exchange-in-brazil

The exchange, known as XTAGE, is currently scheduled to launch in Q2 2022. XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that … Read more

Germany outlines favorable tax guidelines, gains on BTC and ETH sold after a year tax-free

germany-outlines-favorable-tax-guidelines,-gains-on-btc-and-eth-sold-after-a-year-tax-free

Germany’s Finance Ministry has released new cryptocurrency tax guidelines with no tax payable on gains from BTC and ETH sold 12 months after acquisition. The Federal Ministry of Finance (BaFin) published a 24-page document on Tuesday outlining clear income tax rules for cryptocurrency and virtual assets. Tax practitioners, businesses and individual taxpayers now have clear direction … Read more