CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
CMQWintermute Profited Tens of Millions from UST-LUNA Arbitrage During Terra Crash
According to Forbes, the cryptocurrency market maker Wintermute conducted more than $250 million in UST-LUNA arbitrage transactions during the Terra crash, and capped each transaction at $5 million to prevent large losses, earning a total of tens of millions dollars of profit. Because of Terra's design and the price of Bitcoin, Wintermute can buy UST for $0.80 and exchange it for $1.00 worth of Luna until the UST price drops to about $0.10. Do Kwon, founder of Terra, even lent Wintermute...
CMQ
CMQBasel Committee on Banking Supervision Approves Crypto Banking Rules to be Implemented in 2025
The Basel Committee on Banking Supervision (BCBS) has approved its global crypto banking rules, which will come into force on Jan. 1, 2025, according to a statement Friday. The BCBS, the main global standard-setter for prudential regulation of banks, recommends that banks should have no more than 2% exposure to certain crypto assets and usually less than 1%. These specific assets are tokenized traditional assets, including NFTs, stablecoins, and unsecured cryptoassets that do not qualify for ...
CMQThe bottom 20% employees of Binance this year may not have year-end bonuses
According to Wu said, Binance has suspected that it has announced that the bottom 20% of employees in this year’s performance ranking will not have year-end bonuses. Some teams have announced this news to employees, but there has been no company-level notification. It is uncertain whether the policy will change in the future. Binance bonuses will be distributed before the Spring Festival. Last year, some Binance team bonuses even exceeded 20 months. Since the beginning of this year, the globa...
CMQWintermute Profited Tens of Millions from UST-LUNA Arbitrage During Terra Crash
According to Forbes, the cryptocurrency market maker Wintermute conducted more than $250 million in UST-LUNA arbitrage transactions during the Terra crash, and capped each transaction at $5 million to prevent large losses, earning a total of tens of millions dollars of profit. Because of Terra's design and the price of Bitcoin, Wintermute can buy UST for $0.80 and exchange it for $1.00 worth of Luna until the UST price drops to about $0.10. Do Kwon, founder of Terra, even lent Wintermute...
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Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their social media addresses, these addresses are protected on a decentralized blockchain network. Unchangeable in the ledger; this is just the beginning, but an important milestone, and power has already begun to shift into the hands of users.
Telegram founder Pavel Durov said in a message on the app early this morning that, as previously promised, the ability to buy Telegram usernames on the dedicated platform Fragment has now been rolled out and the username auction has begun. Additionally, the ability to sell existing usernames on Fragment will roll out in a few days. Pavel Durov said that this is the first time in the history of social media to create a fair and transparent username market, people will have ownership of their social media addresses, these addresses are protected on a decentralized blockchain network. Unchangeable in the ledger; this is just the beginning, but an important milestone, and power has already begun to shift into the hands of users.
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