Bank of America CEO mulls entering stablecoin business

The committee recommended more clarity for DAOs, new capital gains tax provisions, and tax breaks for green miners. 1197 Total views 22 Total shares The Senate Committee on Australia as a Technology and Financial Center (ATFC) has just tabled its third and final report in Parliament which has 12 far-reaching recommendations for the regulation of…

It has been reported that China has started a quarantine of its used bank notes to try to stop the spread of the coronavirus. Meanwhile, the crypto community began to pick up on the news commenting that the use of Bitcoin as a means of payment should fix the issue.More confirmed cases of the epidemic…

IOST rallied to a multiyear high after Binance announced a new staking program and the project airdropped tokens to Citadel One mobile wallet users. 3345 Total views 22 Total shares While the past year has been marked by the rise of decentralized finance (DeFi), centralized entities like Coinbase and Binance continue to be some of…

Singapore police advised businesses against paying ransom to the bad actors in case of a compromise and asked them to report the incident to authorities immediately.

Turkish blockchain platform Bitci steps into the English Premier League with a partnership with Wolverhampton Wanderers. 3153 Total views 5 Total shares The English Premier League’s Wolverhampton Wanderers Football Club will launch fan tokens under a new partnership with Turkish blockchain platform Bitci Technology.The Premier League is the most followed soccer league in the world,…

Janet Yellen called for further regulation of nonbank institutions, claiming they pose a systemic risk to U.S. financial stability. 993 Total views 14 Total shares Own this piece of history Collect this article as an NFTThe United States Treasury and a number of top U.S. financial regulators suggested new rules to make it easier for…

Navi aims to expand fan engagement with a blockchain-based token. 516 Total views 7 Total shares Natus Vincere, a Ukrainian multi-game organization, has announced plans to launch a fan token on blockchain-based platform Socios.com.According to a Nov. 4 announcement, the token will enable a number of new fan engagement opportunities including the right to vote…

Facebook is reportedly open to the idea of using national currency-pegged stablecoins for its forthcoming Libra project.According to Reuters on Oct. 20, David Marcus, the head of the Libra project for Facebook and CEO of Facebook’s wallet service Calibra, said that Libra could use various fiat-based stablecoins, instead of the initially proposed token. Speaking at a…

Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13.The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). The experts purportedly surveyed 1,000 Moscow…