John Deaton vows to fight federal CBDC, calls it ’a hill to die on’

LG CNS, a subsidiary of South Korean multinational conglomerate LG Corporation, has announced a plan to strengthen its enterprise offerings in seven key areas including blockchain, according to an official press release published August 22. LG CNS is planning to release new “strategic” brands for each of the seven platforms of newly developed technologies —…

Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent. 136 Total views 10 Total shares In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies. On Saturday local…

The Thai Securities and Exchange Commission (SEC) says they have seen increased interest in licenses to operate initial coin offerings (ICOs) following the Finance Ministry's announcement to introduce ICO regulations, the Bangkok Post reported August 8. The SEC secretary-general Rapee Sucharitakul told the Bangkok Post said that almost 50 ICO projects have expressed interest in…

Over the past week, investors understandably became concerned over the news that billions of dollars backing USD Coin (USDC) — the second-largest stablecoin — were locked up in the distressed Silicon Valley Bank (SVB). The market reacted violently, causing USDC to lose its dollar peg. But while the concern was understandable, it has become clear…

A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. 648 Total views 2 Total shares Own this piece of history Collect this article as an NFTIn a Jan. 20 statement, Genesis Capital’s parent company, Digital Currency Group (DCG), denied involvement in Genesis’ bankruptcy filing. According to DCG, a special committee…

The world's sixth-largest cryptocurrency exchange by volume is making its move into the metaverse. 2269 Total views 51 Total shares KuCoin Labs, the company behind the world's sixth-largest cryptocurrency exchange by trading volume with more than 500 crypto assets listed, announced on Wednesday that it would be launching a $100 million metaverse fund for early-stage…

Chainlink, a major smart contract technology supplier, has tapped a new partnership to streamline one of the biggest issues around smart contracts.According to a March 11 tweet, Chainlink has partnered with Hdac Technology, a blockchain startup founded by Dae Sun Chung, CEO of South Korea’s largest car manufacturer, Hyundai. By bringing their forces together, the…

The $5 million fund only allows projects with a physical presence in Southeast Asia to apply for the program which provides up to $100,000 plus technical and community support. 1770 Total views 15 Total shares Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund.The Solana Foundation…

Billionaire investor Ray Dalio has described fiat currency as being in serious “jeopardy” as an effective store of wealth but doesn’t believe Bitcoin (BTC) and stablecoins will be the solution either.Dalio, the founder of hedge fund firm Bridgewater Associates explained on CNBC Squawk Box on Feb. 2 that the mass money printing of the United States…