• The Canadian federal government has proposed a budget for the year 2023 that would require federally regulated pension plans to report their exposure to crypto-assets to OSFI.
• This is meant to help protect Canadians’ retirements and address consumer protection gaps and threats to the financial system.
• Provinces and territories will collaborate with the federal government in order to ensure that pension plan holders are informed of their investment in cryptocurrencies.

Canadian Federal Government’s Proposed Budget

The Canadian federal government has proposed a budget for the year 2023 which would compel federally regulated pension plans to reveal their exposure to crypto-assets, such as Bitcoin, Ethereum, and other digital currencies, to the Office of the Superintendent of Financial Institutions (OSFI). The aim behind this move is to help protect Canadians’ retirement savings and address consumer protection gaps and threats posed by crypto-assets.

Collaboration with Provinces & Territories

In order for Canadians to be informed of any potential investments they may have in cryptocurrencies, the federal government will collaborate with provinces and territories across Canada. This collaboration will ensure that all pension plan holders are aware of their investments in crypto-assets.

High Profile Bankruptcies & Losses

The decision comes after numerous high-profile bankruptcies revealed the significant volatility investors confront when dealing with cryptocurrency assets. Examples include FTX exchange, Silvergate Bank and Signature Bank who all suffered financial losses due to investing in digital assets. Additionally, Caisse de Depot et Placement du Québec reported losing US$150 million on a stake in Celsius Network while Ontario Teachers’ Pension Plan reported writing down its entire US$95 million stake in FTX.

Protecting Consumers from Risks

In light of these occurrences, there is an urgent need for various tiers of government across Canada to actively work together towards protecting consumers from risks associated with digital currency investments. By requiring federally regulated pension plans declare their exposure or related activity involving crypto-assets, consumers can make better decisions regarding where they choose invest their money.

Conclusion

The proposed 2023 budget aims at helping protect Canadians’ retirements by making sure they are aware of any potential investments they may have in cryptocurrencies through their pension plans by requiring federally regulated pensions plans declare their exposure or related activity involving these assets.

• Binance, the world’s largest crypto exchange by trading volume, is moving its zero-fee BTC trading pairs from Binance USD (BUSD) to TrueUSD (TUSD) on March 22.
• The company removed fees for 13 BUSD spot trading pairs in July 2022 and this move excludes its pair with other assets such as BNB and Ethereum.
• Additionally, Binance would halt deposit and withdrawal services via bank transfers and card payments for UK customers from May 22.

Binance Moves Zero Fee Bitcoin Trading to TUSD

Binance, the world’s largest crypto exchange by trading volume, announced today that it is moving its zero-fee BTC trading pairs from Binance USD (BUSD) to TrueUSD (TUSD) on March 22. This move excludes its pair with other assets such as BNB and Ethereum.

Zero Fee Trading Program

In July 2022, in honor of its fifth anniversary, Binance removed fees for 13 BUSD spot trading pairs in order to provide the market with competitive fees. Crypto investors used to trade fiat currencies such as Euro, Australian Dollar, and other currencies against BTC using Tether (USDC), Circle’s USD Coin (USDC), among others. With this move of BUSD to TUSD, there will be “no maker or taker fee” for BTC/TUSD spot trading pairs.

Impact On Market & Services

The news has had a positive impact on the market with native token BNB price surging about 7.7% in a week following CZ’s announcement on Twitter. Furthermore, UK customers will not be able to use deposit or withdrawal services via bank transfers or card payments starting May 22nd.

Conclusion

This decision showcases how serious the company is when it comes to giving traders competitive rates without compromising quality service or security features of their platform. It is expected that this move would further increase liquidity across different asset classes traded on their platform while providing low trade costs for investors around the world.

Author Bio

Sarala is a journalism graduate passionate about writing who loves dancing and travelling while exploring blockchain technology

• Unity, one of the most popular game development engines, has added a “decentralization” category to its asset store.
• This virtual toolbox includes 13 verified blockchain-based SDKs from different chains and goods.
• The launch of the MetaMask SDK in the Unity Asset Store will allow developers to connect their games to the wallet and enable users to interact with web3-enabled features within the game itself.

Unity Upholds Web3 Toolbox for MetaMask

Unity, one of the most popular game development engines for creating 3D game environments, has added a “decentralization” category to its asset store. On the website, there are 13 various verified solutions that Unity claims to have authorized for developer use.

Tools Included in Virtual Toolbox

The virtual toolbox includes Algorand, Aptos Labs, Dapper Labs, ImmutableX, Solana, Tezos, and ConsenSys products Infura and MetaMask. It also comes with other publicly visible companies’ tools with reliable features and support that are constantly maintained by their developers.

MetaMask SDK Now Live on Unity Asset Store

The launch of the MetaMask SDK in the Unity Asset Store will allow developers to connect their games to the wallet and enable users to interact with web3-enabled features within the game itself. This will help developers integrate blockchain technologies like non-fungible tokens (NFTs) into gaming experiences using the decentralization storefront in the Unity Asset Store.

Unity Promises Reliable Blockchain Solutions

Unity seeks to provide game developers with reliable tools needed to connect with Web3 gaming which is a growing cryptocurrency market. To ensure reliability for users it only certifies Web3 tools that it considers legitimate, dependable and developing.

Final Thoughts

With this new feature on its asset store Unity is helping developers tap into Web3 gaming as well as bringing more innovative gaming experiences through blockchain technology integrations into existing projects.

• A mysterious Ethereum (ETH) address was suddenly revealed containing around 100 ETH.
• This caused a flurry of speculation and excitement within the crypto community as to who the owner might be.
• Whatever happens next remains to be seen, but it’s certainly an intriguing development that has gotten many people talking.

Mysterious Ethereum Address

A recently reactivated Ethereum (ETH) address had not seen any activity for an astonishing seven years. The address contained a total of roughly 100 ETH (which currently amounts to around $149,980). This sudden activity from this ancient Ethereum address has captivated and intrigued many in the crypto space.

Speculation & Excitement

The transaction caused an uproar on social media with many crypto enthusiasts speculating on the identity of the mysterious person or entity behind the address. Some suggested that it could be a wealthy investor who had been holding onto their funds for years while others theorized that it might be a sign of something bigger happening in the world of Ethereum.

Activation Details

According to transaction details provided by Whale Alert, the address was reactivated 2 hours and 53 minutes ago at a fee of 0.00033502177254 ETH ($0.50 USD). Naturally, this activation of this long-dormant address has sparked numerous reactions from crypto enthusiasts on Twitter including suggestions that the owner may be preparing to stake their newfound ETH or even that this could be start of more dormant accounts being reactivated in the near future.

Carolyna Mavis

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto, making her personal mission to help non-crypto geeks to understand technology with ease.

Conclusion

Whatever truth may lie behind this story, one thing is certain: It’s certainly an intriguing development that has gotten many people talking!

• Strike has expanded its “Send Globally” product to the Philippines, allowing for fast, secure, and low-cost money transfers between the U.S. and the Philippines.
• The Philippines is one of the world’s largest remittance markets and relies on more than $35 billion annually in money sent from abroad, including more than $12 billion from the U.S.
• The technology used by Strike enables improved cross-border experience and financial inclusion for those who have been excluded by legacy payment rails.

Today, Strike, the world’s leading digital payments platform built on Bitcoin’s Lightning Network, announced the expansion of its “Send Globally” product to the Philippines. This new product provides fast, secure, and low-cost money transfers between the U.S. and the Philippines, revolutionizing traditional cross-border payment services.

The Philippines is one of the world’s largest remittance markets and its people and economy rely on more than $35 billion annually in money sent from abroad, including more than $12 billion from the U.S. alone. To support this, Strike has partnered with Pouch.ph in the Philippines, enabling transfers from U.S. dollars that are received as Philippine pesos in a recipient’s bank or mobile money account in the Philippines.

Jack Mallers, Founder and CEO of Strike, commented: “Remittances are a broken system and Strike delivers an incredibly empowering experience for people to send money around the world in nearly an instant. We’re excited to partner with Pouch.ph to advance financial inclusion and bring fast, low-cost cross-border payments via the Lightning Network to the Philippines. Our technology allows us to both improve on the existing cross-border experience and include those that have previously been excluded by legacy payment rails.”

Strike uses the Lightning Network to make digital payments faster, cheaper, and more accessible for people globally, particularly in countries with a high number of unbanked individuals. The “Send Globally” product allows dollars to be converted into bitcoin, which is sent to the recipient in the Philippines. The recipient then receives the funds in their bank or mobile money account in Philippine pesos.

The expansion of Strike’s “Send Globally” product to the Philippines is a major milestone in the company’s mission to revolutionize digital payments. The product will enable people to send money quickly, securely, and at a low cost, making cross-border payments easier and more efficient than ever before. The expansion will also help to drive financial inclusion, allowing those who have previously been excluded from legacy payment rails to access this technology and benefit from its services.