Coinbase, SEC spar over investment definition in appeal attempt
The SEC is evading the real issue, and the court was wrong to take its side, Coinbase claims in a defense of its interlocutory appeal.
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US Treasury study finds CBDCs a plus for commercial bank stability
Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study. 221 Total views 4 Total shares The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday…
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Hacked New Zealand Exchange Cryptopia Appoints Liquidators, Trading Suspended
Hacked New Zealand-based cryptocurrency exchange Cryptopia has appointed David Ruscoe and Russell Moore from consultancy and audit firm network Grant Thornton New Zealand as liquidators. The news was revealed in an official Grant Thornthon announcement on May 15.Grant Thornton New Zealand (NZ) is the local network of Grant Thornton International — a major professional services…
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Universal Protocol Alliance Adds Three Tokens on Bittrex Global
The Universal Protocol Alliance (UPA) officially announced that the Universal Dollar (UPUSD), the Universal Euro (UPEUR), and the Universal Protocol Token (UPT) have been listed on Bittrex Global, offering a lower fee structure for UPT holders.The Alliance stated that the UPUSD and the UPEUR stablecoins are collateralized 1:1 with their respective fiat currencies, while UPT…
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CoinFLEX recovery plan includes tokenized bad debt and more yields
The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired. 292 Total views 16 Total shares Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47…
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Justin Sun offers to buy German gov’ts $2.3B Bitcoin stack to minimize market impact
The government-linked wallet has been steadily selling its holdings, threatening to create continued Bitcoin selling pressure.
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Austrian Bank Raiffeisen Works on National Digital Currency Pilot
Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization. 938 Total views 50 Total shares While global jurisdictions are progressing with central bank digital currencies, private institutions also work on digitizing national currencies. Raiffeisen Bank International (RBI), a major Austrian bank, is working on a…
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AI may lead to inflationary pressures: Bank of Canada
Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.
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Facebook Veterans Launch ETH-Based Digital Collectible App, Funding From ConsenSys Ventures
A New York startup founded by a group of Facebook veterans has launched an ether (ETH)-powered mobile social app that supports the creation and trading of unique digital collectibles. The news was revealed in a press release shared with Cointelegraph on April 30.The startup, dubbed “Editional,” has reportedly sealed a $1.5 million seed round with…