SEC softens stance around SAB-121: Galaxy Research

A member of the United States Federal Reserve’s board of governors appears to believe that one in four people who use Bitcoin (BTC) are criminals. In a panel speech honoring Benoît Coeuré, a member of the executive board of the European Central Bank (ECB), Lael Brainard highlighted the perceived risks still posed by cryptocurrencies.Brainard: crypto exchange…

The EIB has reportedly hired banks like Goldman Sachs and Societe Generale to explore a digital bond, registered and settled via blockchain. 5662 Total views 20 Total shares The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds.According to a Tuesday Bloomberg…

The MULTI protocol's TVL remains largely unchanged at $1.6 billion despite a large selloff in the token price. 157 Total views 2 Total shares On May 24, the token price of cross-chain router protocol Multichain (MULTI) fell by 30% over 24 hours to trade at $4.97 at the time of publication. The selloff came after users…

His price predictions are a little lower than most speculators, however. 1913 Total views 14 Total shares Google searches for Bitcoin (BTC) appear to be far less popular today than they were when the asset achieved its previous all-time high in December 2017.“2017 was all about hype and first-time users jumping in to try to catch BTC…

Scott Beck, the CEO of United Texas Bank, claimed that stablecoin issuers like Circle were “effectively sucking deposits out of the banking industry.” 111 Total views 3 Total shares Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks…

Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike. At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the red,…

In 2018, the United Kingdom’s Financial Conduct Authority (FCA) wrote to the heads of the country’s biggest high street banks to emphasize the importance of due diligence when dealing with crypto businesses. That seems to have led to widespread high-risk ratings and bans on crypto-related banking, impacting both crypto businesses hoping to operate in the…

Crypto activity in East Asia fell from its perch after China began its crusade against crypto in 2019. Recent moves by Hong Kong could help reverse that trend, said the blockchain analytics firm. 673 Total views 4 Total shares Recent crypto advancements in Hong Kong could provide a “potential tailwind” to lift crypto activity in

BitPay apparently screened merchants but not customers. 3749 Total views 10 Total shares BitPay will have to pay the U.S. Treasury's Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions. In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated "approximately $129,000 worth of digital currency-related…