Distributed ledger tech could save TradFi $100B a year: Lobby group
17.5.2023
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously
Celsius adds nearly 429K stETH to Lido’s lengthening withdrawal queue
17.5.2023
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait
Judge Torres Rules That SEC Cannot Seal Hinman Docs in Ripple Case
17.5.2023
The US Securities and Exchange Commission cannot seal certain documents in connection with a 2018 speech from agency’s former director Bill Hinman in its case against Ripple, a judge ruled on Tuesday.
The SEC wanted to seal entirely the “Hinman Speech documents” which have in them “nonpublic...
Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’
17.5.2023
Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank...
Crypto retail trading should be regulated as gambling: UK lawmakers
17.5.2023
The volatility and purported lack of intrinsic value of most crypto assets make it particularly risky for consumers, the politicians claimed
Lightning Labs launches rebranded 'Taro' amid Bitcoin's BRC-20 bottleneck
17.5.2023
Lightning Labs have unveiled a new solution to the clunky process for minting new assets on the Bitcoin network
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
17.5.2023
The BRICS countries are developing guidelines in response to increasing demand from countries seeking to join, according to South Africa’s Foreign Affairs Minister Naledi Pandor. “BRICS is attracting a lot of interest from a number of countries, and our sherpas are working on...
First Mover Asia: Crypto's Rotating Profits
17.5.2023
Ripple CEO Accuses US Regulator of ‘Hypocrisy’ on Twitter
17.5.2023
Ripple CEO Brad Garlinghouse did not hold back on Twitter in criticizing the US Securities and Exchange Commission for its “hypocrisy” in public statements about the cryptocurrency industry.
Garlinghouse tweeted a meme from The Office where a character looks befuddled in response, while adding...
Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
17.5.2023
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from...
Best Crypto to Buy Now 16 March – The Graph, Lido DAO, Injective
17.5.2023
In a financial landscape characterized by soaring volatility, Bitcoin, the flagship cryptocurrency, is demonstrating a shift from its bullish trajectory that had set the tone for the year.
Today's trading pattern shows a notable pullback from last month's high of $31,046, presenting a murky...
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
17.5.2023
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed....