Former US solicitor general claims regulators want to ‘debank’ crypto
Several parties have filed amicus briefs with the appellate court in support of Custodia Bank receiving approval for a master account from the Federal Reserve.
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Chinese food delivery giant joins CBDC efforts
The cumulative transactions in e-CNY have reached 87.57 billion yuan ($13.68 billion) until now. 488 Total views 50 Total shares China’s food delivery giant Meituan has become the latest tech firm to integrate central bank digital currency (CBDC) payments for its services.Meituan users can link the digital yuan wallet to their service app and use…
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Bank of China issues $28M in digital structured notes on Ethereum blockchain
The securitized tokens are governed by Hong Kong and Swiss law. 343 Total views 3 Total shares On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ethereum blockchain. The move makes BOCI the first Chinese financial…
Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin
The 166th wealthiest person in the world has revealed that he has invested in Bitcoin. 3816 Total views 51 Total shares Ricardo Salinas Pliego, the second-wealthiest man in Mexico, has revealed that 10% of his “liquid portfolio” is invested in Bitcoin (BTC).The billionaire shared a video captured in “a Latin country” depicting banks throwing out…
Terraform Labs co-founder and nine others indicted in South Korea
The indictment of 10 individuals associated with Terraform Labs, including co-founder Hyun-seong Shin, comes after 11 months of investigation into the collapse of Terra. Own this piece of history Collect this article as an NFTThe financial crimes unit at the Seoul Southern District Prosecutors’ Office reportedly indicted Terraform Labs co-founder Shin Hyun-seong and nine other individuals…
Coinbase introduces crypto to Fortune 500 while FTX CEO featured in TIME 100
U.S.-based crypto exchange Coinbase ranked 437th on the elusive Fortune leaderboard, while Sam Bankman-Fried was highlighted by TIME magazine in the innovation category. 222 Total views 16 Total shares In an industry milestone, cryptocurrency exchange Coinbase has become the first corporation within the crypto and blockchain space to be featured on the prominent Fortune 500…
Nigeria’s SEC suspends planned crypto regulations amid central bank ban
Nigeria’s securities regulator has backed the central bank’s crypto ban by suspending its planned regulatory framework for digital assets. 4025 Total views 17 Total shares The Nigerian Securities and Exchange Commission has put its plans for regulating cryptocurrencies on hold following the recent ban by the central bank prohibiting financial institutions from servicing crypto exchanges.In…