FTX and CFTC agree to $12.7B settlement, subject to court approval

The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions. Crypto futures exchange OPNX has launched a credit currency for margin trading, according to a July 5 statement made to Cointelegraph from the exchange’s co-founder, Mark Lamb. Called “oUSD,” the currency is available in…

China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. 234 Total views 1 Total shares China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan.According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC)…

The city of Williston of North Dakota has officially started accepting cryptocurrencies like Bitcoin for utility payments via BitPay. 1913 Total views 23 Total shares A city in North Dakota is joining the cryptocurrency adoption race in the United States by starting to accept crypto payments.Hercules Cummings, finance director for the City of Williston, announced…

A new study reveals that blockchain offers the best salaries in the UK’s technology industry. Digital lender, Capital on Tap, released figures that reveal Blockchain-related jobs offer the highest-paying salaries among all disruptive technology businesses in the UK.According to the UK-based firm, Blockchain has an average annual salary of GBP 75,000 (around $93041 USD). They…

President Joe Biden has frozen all regulatory processes including proposed FinCEN rules detrimental to the crypto industry. 2015 Total views 28 Total shares One of the first actions President Joe Biden has taken on his first day in office is to freeze Federal regulatory process, including the controversial self-hosted crypto wallet regulations proposed by former…

The company warned that the SEC reversing a position it had held since 2018 on Ether as a security could “spell disaster” for the network and drive innovation to a halt in the U.S.

The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology. 379 Total views 3 Total shares The Group of Seven (G7) industrial countries are scheduled to agree upon an artificial intelligence (AI) code of conduct for

A New York judge has thrown out an investor’s proposed class action lawsuit against the  development team of altcoin Nano (XRB), according to court documents filed Oct. 22. The lawsuit accused the devs of luring him to trade the coin on a platform that lost hundreds of millions of dollars’ worth of the cryptocurrency.Initially, the…