Bitcoin News and Finance: What You Need to Know

Cryptocurrency exchange Binance has informed the Ontario Securities Commission (OSC) that it is committed to ceasing opening new accounts for Ontario residents and winding down certain services to comply with regulations. Binance Promises to Increase Efforts to Comply With Regulation Cryptocurrency exchange Binance sent a letter to the Ontario Securities Commission (OSC) Wednesday. In the letter, Binance listed a few commitments to the OSC, including “ceasing opening new Ontario accounts,” “ceasing trading in existing Ontario accounts, with exceptions to protect investors, along with winding down its businesses in certain products,” and “providing fee waivers and offering fee reimbursement to certain Ontario users.” In addition, Binance will also make reports to OSC staff and retain an independent third party to ensure the effectiveness of its efforts to implement its commitments. Binance decided to withdraw its services from Ontario in June 2021. The exchange told Ontario users...

PRESS RELEASE. MV/USDT pair will be listed on Gate.io, a leading Cryptocurrency exchange, on March 23, 2022 at 11:00AM (UTC).. The Gensokishi Online Project is a GameFi and metaverse incarnation of the award winning Nintendo Switch/PS4 game “Elemental Knights’. It has set numerous records since releasing its website and various social networking sites on December 2, 2021. The community has grown to over 230k members since its release. Gensokish Online Project’s token MV(Metaverse) is also ranked second in most held tokens out of all 1,000+ tokens built on Polygon, indicating the high expectations for The Gensokishi Online Project. Gate.io Gate.io is one of the leading Cryptocurrency exchanges established in China, founded in 2013. Operating under the direction of Gate Technology Inc., the company provides centralized and decentralized systems for comprehensive protection of user funds, while offering trading and instant deposit and withdrawal services based on state-of-the-art...

Prince Philip of Serbia and Yugoslavia says that bitcoin is freedom. Noting that “we need to take the money away from the state,” the prince stressed: “We need to have hard money again. We need to have good quality money that’s not subject to inflation.” Prince Philip of Serbia Praises Bitcoin Prince Philip of Serbia and Yugoslavia recently talked about bitcoin on a Serbian TV show hosted by Ivan Ivanović. Prince Philip, a member of the House of Karađorđević, is the second son of the last crown prince of the former Kingdom of Yugoslavia. He is the fraternal twin of Prince Alexander and the second-in-line to the throne after Prince Peter. Prince Philip is currently working with a global asset manager in London, according to the Royal Family of Serbia’s website. “I work in finance,” he confirmed on the TV show. “I work in asset management for an international finance company. The head office is in New York but has a big office in London. I’m an analyst. I love to analyze the world.”...

The president of the Federal Reserve Bank of St. Louis, James Bullard, has called for more aggressive measures to combat inflation and reduce the size of the Fed’s balance sheet. “The burden of excessive inflation is particularly heavy for people with modest incomes and wealth and for those with limited ability to adjust to a rising cost of living,” he stressed. Fed’s Bullard Pushes for More Aggressive Rate Hikes to Better Manage Economic Situation St. Louis Federal Reserve Bank President James Bullard issued a statement Friday regarding his dissenting vote at last week’s Federal Open Market Committee (FOMC) meeting. At the meeting, the FOMC decided to “raise the target range for the federal funds rate by 25 basis points to 0.25% – 0.50%,” Bullard explained, adding: In my view, raising the target range to 0.50% – 0.75% and implementing a plan for reducing the size of the Fed’s balance sheet would have been more appropriate actions. Bullard is an economist who has been the pres...

A call to make the digital ruble a reserve currency has been issued in the State Duma, the lower house of Russia’s parliament. Meanwhile, concerns have been raised in the West that the new incarnation of the Russian fiat may be employed to evade sanctions that have been isolating the country. Digital Ruble to Serve as Reserve Currency, Lawmaker Suggests In the face of mounting Western penalties, officials in Moscow have been mulling over ways to circumvent restrictions that have already limited Russia’s access to its foreign reserves and the global financial market. Sergei Mironov, who leads the opposition ‘A Just Russia’ faction in the Duma, urged the federal government, the central bank, and the operational headquarters on countering sanctions to introduce the digital ruble, Russian media and Forklog reported. The high-ranking parliamentarian has been quoted as saying that the goal of the initiative is to issue the central bank digital currency ( CBDC ) for specific purposes lik...

Metametaverse, a company whose purpose is the integration and interoperation of different metaverses, has already secured funding of $2 million for this idea. Joel Dietz, the founding father of this initiative and also from the uber-popular wallet Metamask, has stated this task might be achieved by building a common pool of assets and experiences through a Level 1 blockchain like Ethereum or Bitcoin. The Metaverse Interoperability Question The idea of the Metaverse linked to digital experiences and token economies is relatively new, and just now hundreds of companies are building their own version of the metaverse. Be it a work-related environment, or a gaming-focused world, all of these metaverses have their place as an application of the technology. Metametaverse, a company founded by Joel Dietz, one of the founder architects of Metamask , wants to provide a tool to make all these metaverses interoperable and available for users to enjoy. For this task, Metametaverse proposes a L...