US regulators mull approving Grayscale crypto index ETF

Last month, the United States Congress increased the tax benefits of charitable giving in the CARES Act in hopes that people will give more. Some give money; others give property; and a growing number have been giving crypto assets.Once you have made the difficult decision of which charity or cause to donate to, your focus…

Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days. 603 Total views 5 Total shares Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an…

Coinbase Ventures provided $1 million in funding for the new digital asset that tracks the Consumer Price Index, offsetting inflation.

Nonfungible tokens (NFTs) have seen their fair share of controversy, but now they have found their way into the midst of the battle between multi-billion dollar corporations and workers trying to unionize their workplaces in the United States.On his first day back as the CEO of Starbucks, Howard Schultz promised additional worker benefits to workers…

In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an "over-collateralized stablecoin," meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation.USDD stablecoin slips below $1 pegBut it was not enough to keep USDD's price anchored to $1 on Nov. 8 when…

Are cryptocurrencies securities or commodities? The World Federation of Exchanges, or WFE, released a document talking cryptocurrency terminology and regulation last week. In conversation with Cointelegraph, WFE Head of Regulatory Affairs, Richard Metcalfe, has added further clarity on the subject.“The WFE believes that, precisely because the market in crypto assets has evolved and expanded rapidly,…

Opinion: Binance ignored its own guidelines by listing SushiSwap’s anonymous and unaudited token. Chef Nomi has cooked up what appears to be the biggest exit scam of 2020, but should others be held accountable as well? Binance, like many other major exchanges, listed SUSHI raw and unaudited on Sept. 1. The token price doubled upon…

California-based blockchain development firm Baton Systems has closed a $12 million Series A funding round led by Trinity Ventures.According to a Ledger Insights report published Sept. 2, the new funding will be used to scale Baton Systems’ blockchain-powered bank-to-bank payment solution. Interoperability with legacy systemsBaton Systems has reported that it already processes over $13 billion in…