G7 discusses crypto, supports CBDC — Law Decoded, May 15–22

The new USDS stablecoin from Maker, now Sky, has a freeze function which the project's founder claims won't be part of the token at launch.

Crypto-friendly fintech startup Revolut has obtained a banking license in Lithuania, technology news outlet TechCrunch reported Dec. 12.As the report states, the startup obtained a license through the Bank of Lithuania and “is leveraging passporting rules to operate in other European countries.” The mentioned “passport rules” are laws permitting the operation of banks that are…

Ignite CEO Peng Zhong, MicroStrategy CEO Michael Saylor, and now Genesis Trading CEO Michael Moro — top executives have departed crypto firms or stepped into advisory positions. 139 Total views 4 Total shares Michael Moro, CEO of Digital Currency Group’s market maker and lending subsidiary Genesis Trading, has become the latest executive to step down…

The ransomware gang responsible for stealing almost 1TB of legal secrets from celebrities and entertainers last week is now targeting the President. 1285 Total views 20 Total shares The ransomware gang that stole almost 1TB of legal secrets from the biggest names in the entertainment industry is now demanding $42 million in cryptocurrency or else…

The U.S. Financial Crimes Enforcement Network (FinCEN) is calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions. The agency requested this in an advisory issued Thursday, Oct. 11The call comes as part of a wider directive warning of the “systemic” Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) risks Iranian activity poses…

Bitcoin (BTC) has neither run away nor plunged following its halving, which suggests that history might be repeating itself. After the first halving, the top-ranked cryptocurrency on CoinMarketCap moved up only by 7% after a month. After the second halving the price dipped 10% during the same period.However, the important thing to note is that…

The much-hyped NFT sale by popular talk show host Ellen Degeneres has fallen flat, with the comedian selling just five out of ten available Gold editions of her “Woman With Stick Cat" NFT for $2,500 on the Bitski platform. Sixty-four other people paid $100 each for an open Silver edition of the same NFT.The drawing…

Some analysts had predicted that spot Ether ETFs could start trading on U.S. exchanges by the end of June, but the SEC has yet to set an exact date.