Harris win unlikely to rock Bitcoin price, but crypto fears persist, say observers
With the US presidential elections nearing and no clear frontrunner, uncertainty looms over what effect the victor will have on the crypto sector.
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Congress has put forward 18 bills on digital assets in 2021 so far
Former FDIC regulator, Jason Brett, argues that U.S. lawmakers have pivoted away from private stablecoins to focus on regulating decentralized digital assets this year. 682 Total views 31 Total shares The United States Congress appears to be pushing for greater regulatory clarity regarding crypto assets, having proposed18 bills concerning blockchain and cryptocurrency during 2021 so…
Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator
Nevada's business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of customer funds." Prime Trust's financial condition is "critically deficient" and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada's business regulator.In a June 21 order, the Nevada, Department…
Report by South Africa’s Reserve Bank Makes Strides Toward Crypto Clarity in the Country
A working group of South African financial regulatory organizations has released a consultation paper focused on cryptocurrencies, calling for public input to develop a cryptocurrency regulation policy for the country.This latest consultation paper is the most in-depth review of cryptocurrencies from South African financial institutions since an initial public statement on what it calls crypto…
IMF recommends CBDC and global crypto standards for financial stability
The fresh policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption. 2954 Total views 68 Total shares The International Monetary Fund (IMF) released a set of actionable policies for the emerging markets and developing economies to ensure financial stability amid global crypto adoption. The IMF believes in the…
Bank of International Settlement will test DeFi implementation in forex CBDC markets
The centralized financial institution says the automated market making technology in DeFi can serve as a 'basis for a new generation of financial infrastructure." 124 Total views 4 Total shares According to a new announcement on Wednesday, the Bank of International Settlement, or BIS, along with the central banks of France, Singapore, and Switzerland, will…
Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch
The ZPL-powered zBTC token will allow Bitcoin holders to engage with the Solana DeFi ecosystem.
‘No Chance:’ John McAfee Halts Crypto Promo as US 2020 Elections Near
Cryptocurrency entrepreneur John McAfee says he will stop promoting individual coins to focus on his presidential bid — but already knows he will not win.In a series of tweets beginning on Dec. 14, McAfee, who has built a large following among crypto users, claimed that championing individual projects in the space took up too much…
Shiba Wings customers love the food, not so much the crypto, says owner
After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables. Their appetite, however, hasn’t translated to crypto payments.The Shiba Inu (SHIB) themed diner first opened its doors in Australia’s beachside city Surfers Paradise on March 18, 2023. Speaking to Cointelegraph, the pseudonymous…