Binance gets greenlight to invest customer assets in US Treasury Bills

Stablecoin issuers including Tether, Circle, and others have spent well over a million dollars lobbying lawmakers on Capitol Hill since the start of 2022, according to recent data.Stablecoins have become the center of attention in Washington DC recently as pressure mounts to roll out a regulatory framework for dollar-pegged digital assets. Tether uses the law…

During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto. 2853 Total views 13 Total shares President Joe Biden has tapped Jerome Powell to serve another four-year term as the chair of the Federal Reserve System’s Board…

The central bank of China has completed the top-layer design and joint testing of its soon-to-be-released central bank digital currency (CBDC).As domestic news outlet Sina reported on Jan. 10, People’s Bank of China (PBoC) accomplished the top-layer design of the planned digital yuan, developed relevant standards, carried out research and development and a joint testing…

Everstake, a blockchain firm that partnered with the Ukrainian government to launch a donation website amid the country’s war with Russia, has pushed back against online rumors and conspiracy theories that the platform was used for politically motivated money laundering. Ukrainian government officials partnered with Everstake, Kuna and the now infamous crypto exchange FTX to launch…

A venture arm of major global crypto exchange Binance has led a $5.7 million funding round to launch new decentralized blockchain protocol, the FIO Protocol.According to a press release shared with Cointelegraph on Sept. 5, Binance labs has invested in Denver-based blockchain usability firm Dapix, which is developing the Foundation of Interwallet Operability’s (FIO) Usability…

As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump 1190 Total views 11 Total shares Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories…

Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support. 1181 Total views 8 Total shares Crypto and equities markets took a bit of a tumble on Aug. 9 as traders grew a bit skittish ahead of tomorrow’s Consumer Price Index (CPI)…

The crypto lender has 206,300 Ether currently in the staking withdrawal queue, according to Nansen. 3623 Total views 31 Total shares Embattled crypto lending platform Celsius has confirmed it has started recalling and rebalancing its crypto assets, including Ether (ETH), as it prepares for “timely distributions to creditors.”On Jan. 5, the lending firm, which has