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Coinbase urges U.S. lawmakers to bring clear stablecoin regulation as ‘cash is outdated’

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The U.S.-based crypto exchange Coinbase is doubling down on its efforts to bring more regulatory clarity for stablecoins. In a blog post on Monday, Dec. 4, 2023 the San Francisco-headquartered crypto exchange noted younger adults feel the “everyday pain points of dealing with the current financial system,” saying stablecoins offer consumers “all the benefits of cash without the drawbacks.” Coinbase being a stakeholder in Circle, the issuer of the USDC stablecoin , claims that physical cash “no longer meets the needs and expectations of today’s digitally savvy consumers” as interbank transfers can take days, while its crypto-alternatives are way cheaper and faster to move. Stablecoin popularity in Nigeria, Brazil and Argentina | Source: Coinbase Yet, regulatory hurdles still keep the U.S. from becoming a “crypto hub,” while Nigeria and Brazil are proving to be “pivotal in encouraging the adoption of stablecoin s and cry...

This blockchain company brings modern AgTech to smallholder farmers in developing countries

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The gap between technology and affordability prohibits farmers from maximizing land usage, a key contributor to world hunger. As 2050 approaches, the global population is projected to reach 9.7 billion, necessitating a significant increase in food production. Unfortunately, the hunger problem persists, with over 1 billion people going to bed hungry each day in 2021, and experts say the issue has been worsening over the last five years. Fortunately, many experts agree that modern technology, including artificial intelligence (AI), can improve the world’s outlook on food production. Climate change, which causes shifts in temperature and precipitation patterns, is partly to blame for the change in the growth of crops and the availability of water for irrigation. These climate and landscape changes, in turn, lead to reduced crop yields. Modern Technology can use satellite imaging to assess deforestation, and by differentiating between trees, crops, forested areas and clear-cut areas, expe...