US Senator Introduces Bill to Ban Direct-to-Consumer Central Bank Digital Currency

U.S. Senator Ted Cruz has introduced “legislation to prohibit the Federal Reserve from developing a direct-to-consumer” central bank digital currency (CBDC). The lawmaker warned that it “could be used as a financial surveillance tool by the federal government.” Another senator stressed: “The American people ought to be able to spend their money how they choose…

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Web 3.0 Does Have UI/UX Problems

Web 3.0’s UI/UX has been a source of concern to many crypto natives for years now. User interface (UI) and user experience (UX) in this context are the features that determine how satisfied users are with the apps they use.  In contrast to Web 3.0 dApps, Web 2.0 companies like Google, Alphabet, and Microsoft spend…

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Liquid Staking: The Ultimate Guide

Liquid staking is a method of turning illiquid-staked assets into liquid assets. This means that liquid staking gives these assets value while providing the same benefits as staking.  The main benefit of liquid staking is that it frees up assets that would have otherwise been locked. However, this benefit comes with some risks. These risks…

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Best Cryptocurrency Tax Software: Complete Guide to the Top Options

The rise of the cryptocurrency industry, alongside the high profits that people can earn through the purchase, trade, and investment of digital currencies have encouraged governments throughout the world to update their taxation policies, in order to take crypto-based profits into account. However, cryptocurrencies are very dynamic, whereas keeping track of all transactions for taxation…

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5 key features of machine learning

Machine learning is based on the idea that a system can learn to perform a task without being explicitly programmed. Machine learning has a wide range of applications in the finance, healthcare, marketing and transportation industries. It is used to analyze and process large amounts of data, make predictions, and automate decision-making processes, among other…

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UAE central bank to issue CBDC as part of its financial transformation program

The issuance of a CBDC aims to address inefficiencies in cross-border payments and drive innovation for domestic payments. The Central Bank of the United Arab Emirates (CBUAE) is planning to launch a central bank digital currency (CBDC) for cross-border and domestic use as part of the first of its newly-launched financial infrastructure transformation (FIT) program. …

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