Buying a bank won’t solve crypto’s debanking issue: Binance CEO

A recent study by the Depository Trust & Clearing Corporation (DTCC), a post-trade financial services firm, has found that distributed ledger technology (DLT) is scalable enough to support daily trade volumes of the U.S. equity market, according to a press release published Oct. 16.The blockchain scaling problem is growing along with the increasing popularity and…

Ripple's case before the Securities and Exchange Commission is threatening to have major, well, ripple effects for the industry.On Jan. 29, Ripple Labs filed its response to the SEC's complaint. Ripple, as it has many times before, argued that XRP is not a security i.e. an investment in Ripple and is therefore not in the…

The Reserve Bank of India has described central bank digital currencies as a mixed bag in its report on currency and finance for 2020–2021. 2138 Total views 13 Total shares India’s central bank has recognized the potential benefits of central bank digital currencies but not without including a few pitfalls.The Reserve Bank of India offered…

The Federal Reserve Bank has been exploring digital currencies to modernize the U.S. payments sector. The President and CEO of the Federal Reserve Bank of Cleveland has revealed details of the Fed’s ongoing research into a potential digital dollar. Speaking in a keynote address on September 23, Loretta Mester emphasized that the Federal Reserve has been…

The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission's classification of its native token, Solana (SOL), as a security. "The Solana Foundation disagrees with the characterization of SOL as a security," reads a statement from June 10, noting that it welcomes the engagement of policymakers to achieve…

Cryptocurrency giant Ripple has partnered with Kyoto University and the University of Tokyo as part of its University Blockchain Research Initiative (UBRI). Ripple announced its new Japanese partnerships in a press release on July 30.Emi Yoshikawa, senior director of global operations at Ripple, noted that there is high interest in blockchain within Japanese academia:“Japan is…

Despite Ukraine progressing with crypto regulation, locals are reportedly unable to buy Bitcoin using their bank accounts at PrivatBank. 718 Total views 5 Total shares While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from…

Stuart Alderoty predicts the possible resolution of Ripple’s SEC lawsuit and U.S. lawmakers agreeing on the need for crypto regulations. 557 Total views 58 Total shares Ripple chief legal officer Stuart Alderoty has shared insights on the future of the cryptocurrency landscape in 2024. He discussed predictions about Ripple’s legal dispute with the United States

Binance Labs, the blockchain incubation initiative run by Binance, has provided the blockchain-based customer relationship management (CRM) Cere Network with strategic funding, according to a press release shared with Cointelegraph on July 3.Binance Labs announced that Cere Network would be graduating from the Season II cohort of its incubation program on June 5. On July…