Ripple partners with BDACS for XRP, RLUSD custody in South Korea

Although the GENIUS stablecoin legislation faced some opposition from Democrat lawmakers, advancing the bill was a bipartisan effort. The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote. None of the amendments proposed by Senator Elizabeth Warren made it into the

A United States congresswoman has said that she will keep working to brand Facebook’s planned stablecoin Libra a security.Facebook and the Libra Association may well have to deal with the SECIn an April 16 announcement, Representative Sylvia Garcia (D-TX) denied that recent updates to Libra’s whitepaper had substantively changed the yet-to-be-released stablecoin’s status as a…

Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal. Grayscale Investments has reached an agreement with New York-based investment firm Fir Tree Capital Management over its Bitcoin Trust.According to a July 11 announcement from Fir Tree, Grayscale agreed to provide additional…

Pakistan wants to unlock a new era of digital finance with crypto. 1995 Total views 5 Total shares Pakistan’s government is working on a framework for regulating cryptocurrencies like Bitcoin (BTC).The Securities and Exchange Commission of Pakistan, or SECP, has published a consultation paper on regulating digital assets. Issued on Nov. 6, the paper outlines…

In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S equity market, if growth rates are maintained. But how likely is it really?The report cites Bitcoin as an asset class with incredible growth potential due its low trading volume compared with more traditional markets: “The interpretation…

Silicon Valley Bank (SVB) boasted over $200 billion in assets and was a lifeline for crypto companies.Notably, it was one of the few institutions offering services to crypto companies in the United States as other banks shied away from the sector, fearing risk and the possibility of a sudden regulatory crackdown. The downfall of SVB,…

American provider of investment data Weiss Ratings has ranked Litecoin (LTC) as “excellent” in regards to investment rewards and adoptionDigital currency ratings unit Weiss Crypto Ratings has classified the fourth largest cryptocurrency in terms of market capitalization LTC as “excellent” when it comes to investment rewards and adoption. At the same time, the agency ranked…

The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024. 186 Total views 3 Total shares The European Banking Authority (EBA) — the European Union’s banking watchdog — has proposed a new set of guidelines for stablecoin issuers that will set

The Morpheus Network and 6079 are leading a movement to challenge the supremacy of Big Tech giants by employing decentralized, permissionless AI technology.