Blockchain DXB: 🔴 13th Jan 🔴 🟠 United States of Bitcoin 👨🏼⚖️Biden's Stablecoin Rule 🔮 AI for Defi Cybercrime 🥭Mango Markets shutdown 🔥Bybit Temp restriction in India
Blockchain DXB
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13th Jan: Blockchain DXB) Podcast🟠 United States of Bitcoin 👨🏼⚖️Biden's Stablecoin Rule 🔮 AI for Defi Cybercrime 🥭Mango Markets shutdown 🔥Bybit) Temp restriction in India🟠 United States of Bitcoin❗ Several U.S. states, primarily led by Republican lawmakers, are exploring strategic Bitcoin reserves to combat inflation and diversify finances. Here are the states involved:- Texas- Pennsylvania- Ohio- New Hampshire- North Dakota💯 These initiatives propose Bitcoin investments through state treasuries, cold storage, and citizen donations, emphasizing innovation and financial security.❗ The Consumer Financial Protection Bureau) proposed a stablecoin rule just days before Donald Trump takes office and appoints a new agency head. Official info here https://shorturl.at/NXYkV)🔥The CFPB is seeking public input on privacy protections and consumer safeguards in digital payments, focusing on Big Tech platforms, gaming currencies, and stablecoins. The agency aims to address excessive data collection, surveillance, and personalized pricing while ensuring existing laws like the Electronic Fund Transfer Act (EFTA) protect consumers from errors and fraud. Two notices invite feedback: one on financial data privacy and another on applying EFTA to emerging payment mechanisms. The CFPB is also working to prevent unfair competition from new market entrants and bolster consumer control over financial data. Comments are due by March 31 and April 11, 2025.🔮 AI is set to enhance DeFi security by 2025, addressing cybercrime through tools like those proposed by DWF Labs)' Lingling JIANG and SatLayer)'s Luke Xie. These systems aim to secure smart contracts and detect scams early, creating an AI-driven DeFi category (DEFAI).🚨 Experts like Gianluca Sacco) (VALR) and Hong Gyu Yea) (GRVT) anticipate increased global regulatory collaboration, involving entities like ADGM, VARA, and Bermuda Monetary Authority). However, privacy concerns and KYC challenges may arise, alongside scrutiny of stablecoins and greater TradFi-DeFi integration. Interesting article via Bitcoin.com) here https://shorturl.at/JGwEd)🥭 Mango Markets, a Solana-based DEX, is closing down due to U.S. Securities and Exchange Commission) settlement, governance decisions, and legal issues related to a 2022 exploit. On January 11, Mango Markets announced via its X account that it is "shutting down" and advised users to "close their positions." Info here https://bit.ly/3DSEav7)🟣 Bybit) is temporarily restricting services for Indian users starting January 12, 2025, 8 AM UTC, due to regulatory changes. Users cannot open new trades or access products, but withdrawals remain available.🟠 Two UAE news⚡ Dubai developer DAMAC Properties) signs $1 bln deal with blockchain platform MANTRA⚡ Mastercard) Crypto Credential launches in the UAE and Kazakhstan, simplifying cryptocurrency transactions
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