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News
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Pudgy Penguins Expand Today!
Iconic Leonardo’s $450M Salvator Mundi To Be Tokenized As An NFT
WISe.ART AG, a Subsidiary of WISeKey, Receives Strategic Funding from The Hashgraph Association to Accelerate Trusted NFT Adoption via the WISe.ART Platform
OKX Wallet Users Can Now Access Origin Protocol, an NFT and DeFi Platform
Carmel’s art scene makes way for its first NFT gallery
Google And Universal Music Group Negotiating AI-Generated Music Tool, Report Says
Rules to keep AI in check: nations carve different paths for tech regulation
Can a Digital Artwork Outlast a 19th-Century Painting? The Answer Is Complicated as Artists, Dealers, and Conservators Battle Obsolescence in the Field
A German Court Rules That Martin Kippenberger’s Estate Must Name a Painter Who Executed His Works as a Co-Author
Art
Long Work day
KappaSage at Auction open for bid
Paradox Meltdown
Paradox Meltdown
$18.00 XCOPY 365hues XComet Published by Cosmic Creep
Platform to checkout
Base Day One : Have fun, work off a wallet that does not have valuables in it and risk only what you can lose. But have fun and learn.
Financial Stability Board's New Crypto Guidelines
The world of finance and digital currency is ever-evolving, and one of the major players influencing decisions in this sector is the Financial Stability Board (FSB). Recently, the FSB released a fresh set of guidelines, particularly targeting cryptocurrencies and their regulation. If you're feeling overwhelmed by the jargon and technicalities, here's a breakdown of what it all means.
Who is the Financial Stability Board (FSB)?
The FSB is an international group that monitors the world's financial system. Its members are from the 20 largest global economies. Mostly, they just assess risks, but this time, they've made some bold recommendations regarding cryptocurrencies.
What did the FSB recommend?
The FSB's guidelines can be divided into two categories:
General crypto recommendations: The FSB suggests that any business dealing with cryptocurrencies should follow a specific set of rules. For instance, these businesses should keep their customers' funds separate from the company's money.
Stablecoin-specific recommendations: Stablecoins are a type of cryptocurrency that tries to keep its value stable. The FSB is especially concerned about stablecoins that could become popular globally. They recommend that:
Any company issuing a stablecoin should have a clear structure, with people or entities responsible for it.
These companies should also have good measures against illegal activities, like money laundering.
Stablecoins shouldn't rely too much on algorithms to maintain their value.
The assets backing stablecoins should be stable themselves, meaning they shouldn't be things that change in value rapidly.
Importantly, before a stablecoin can operate in a country, the company issuing it should get a local license. This is a significant shift from the earlier norms.
Why are these recommendations a big deal?
Imagine you are using a popular stablecoin for transactions, and suddenly, it's not accepted because the company didn't get a license in your country. This could create chaos, especially if the stablecoin is popular and widely used.
What do experts think?
Opinions are mixed:
Some believe these new rules will make the system less efficient. If each country has different rules, it will be harder for companies to operate globally.
Others feel this could lead to "regulatory arbitrage," where companies pick and choose countries based on easier regulations.
However, many acknowledge the FSB's influence. Even though they don't make laws, many countries listen to their suggestions.
The takeaway
The FSB's guidelines aim to bring more structure and security to the crypto world. While some see these as hurdles, others view them as necessary steps for a more stable financial system. Like with any significant change, only time will tell the real impact. For now, it's a wait-and-watch game.
Wednesday, August 9, 2023
Cultivate Gratitude, Embrace Change, and Share Kindness
I cultivate gratitude, embrace change, and share kindness.
Number Science: Numerology - 9 (Completion, Fulfillment, Wisdom)
On this Wednesday, August 9, 2023, adopt an alpha mindset that centers around cultivating gratitude, embracing change, and sharing kindness. Cultivate a sense of gratitude for the blessings in your life, fostering a positive outlook. Embrace change as an opportunity for growth and transformation, welcoming new experiences with an open heart. Share kindness and compassion with those around you, making a positive impact.
The numerology of 9 signifies completion, fulfillment, and wisdom. Reflect on your journey and the lessons you've learned, and use this wisdom to navigate the day with insight.
With this alpha mindset, mantra, and the influence of numerology, you can approach Wednesday, August 9, 2023, with a sense of appreciation, adaptability, and compassion, making it a day of growth, positive connections, and meaningful reflection.
Positive communities to connect with:
cryptocoffeepod.nft @CryptoCoffeePod ran by Jess @CryptoNCoffeee
If you're interested in learning about the latest developments in tech and web3, then you definitely don't want to miss out on these amazing spaces and podcasts. They're a great way to stay up-to-date with the most cutting-edge trends and ideas in the industry.
I highly recommend checking out the shows on Friday mornings, as well as any other times that they're available. You can find more information about these events by checking out their thread or following their social media accounts.
UNDRGRND
IRL Gallery + NFT Marketplace + Publication:
http://undrgrnd.io
Great connector of the Art community. Go grab a membership for future drops. Growing and positive builder pushing forward the ethos
EverRise Community
I highly recommend EverRise to anyone looking to get involved in DeFi. Their platform is easy to use, secure, and offers a wide range of features and benefits that can help users maximize their investments. If you're looking to start building with EverRise today, you're making a wise choice that will surely pay off in the long run!
Thank you to everyone. Stay Born Bored and ready for action.
CK News Podcast 08/09/2023