Brazil’s Congress to weigh Bitcoin Reserve as hedge against global risks
New legislation aims to establish a sovereign federal Bitcoin Reserve, potentially enhancing asset diversification and economic resilience.
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Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs. 137 Total views 32 Total shares The International Monetary Fund (IMF)'s director of capital markets believes there could be further failures of "coin offerings," including algorithmic stablecoins amid the ongoing crypto winter.In the interview…
US CFTC Brings Action Against $147 Million Bitcoin Investment Scheme
The United States Commodity Futures Trading Commission (CFTC) launched action against a reportedly fraudulent $147 million bitcoin (BTC) scheme, fintech news outlet FinanceFeeds reports June 18.On June 17, the regulator reportedly filed a complaint with the New York Southern District Court against now-defunct United Kingdom-based entity Control-Finance Ltd, which reportedly defrauded more than 1,000 investors…
OCC Comptroller calls for federal collaboration with crypto intermediaries
Michael J. Hsu said that the mainstreaming of crypto has occurred despite regulatory and legal uncertainty, and a series of scams, hacks, and other disruptive events. 653 Total views 58 Total shares The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to better understand…
Bittrex Launches Malta-Based ‘International’ Trading Platform, Minus US Customers
Bittrex International is launching a digital trading platform that will feature a “streamlined” token approval process and focus on international customers, the company’s blog revealed Monday, Oct. 29.As per the release, new tokens will be approved and listed on the platform “within weeks instead of months.”The new platform will operate within the regulatory framework established…
Mainstream approval critical for blockchain games — Gaming execs
Web3 game developers have been battling to gain the attention of mainstream audiences for years, and according to three former gaming executives, that market is essential for the industry’s future. Video games have become a favorite pastime for a lot of people all over the world and have even evolved into a sport. Overall, there are
40% of Goldman Sachs’ clients already have exposure to crypto, survey shows
American investment bank Goldman Sachs confirms its crypto desk plans and reports that 40% of its surveyed clients already have exposure to crypto. 2743 Total views 18 Total shares American banking giant Goldman Sachs has officially confirmed its plans to revive a cryptocurrency trading desk amid increasing demand from investors.Matt McDermott, global head of digital…
Bernie Sanders mitten memes immortalized in new NFT collection
Topps Digital released their latest line of NFT collectibles today, featuring Senator Bernie Sanders and his winter mittens as the subject of the promotional series. The collectibles, dubbed “GPK Bernventures,” are digital packs containing two non-fungible tokens issued on the WAX blockchain. The card drawings are in the style of Topps’ long-running Garbage Pail Kids series,…
Coinbase Releases its Plan for the Coronavirus Spread
Every day there are new stories of travel disruptions and public gatherings in Asia being cancelled due to the threat of the COVID-19 virus, AKA the coronavirus. Cryptocurrency and traditional markets have also been affected, with Bitcoin dropping 3% in value due to the virus being detected in Italy. When it comes to crypto exchanges…