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UK Outlines Plans to Support Crypto Adoption, Create More Powers to Seize and Recover Digital Assets

11.5.2022
Delivering the Queen’s Speech, Prince Charles outlines the British government’s plans to support the safe adoption of cryptocurrencies and create “powers to more quickly and easily seize and recover crypto assets.” UK Government Plans to Support Crypto Adoption The U.K....

Top Shot creator unveils $725M fund to support Flow ecosystem

11.5.2022
The new ecosystem fund will be used to support the 7,500 developers on Flow to build new gaming, infrastructure, DeFi, and content creator products on the NFT blockchain

Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

11.5.2022
“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on earnings call

US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

11.5.2022
As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability. Treasury Secretary Janet Yellen brought up the terrausd...

Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools

11.5.2022
Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with “smart management” tools that can detect when funds have been left idle for long periods of time.... Read More: Chinese Banks Launch Automatic Digital...

First Mover Asia: Crypto Market Decline Underlines Its Unpredictability; Bitcoin Holds at $31K

11.5.2022
Most signs have pointed downward, but predicting price trends in the days and weeks ahead is difficult; cryptos have a mixed day

UST’s Bitcoin Reserve Too Late in Coming to Save Dollar Peg

11.5.2022
Luna Foundation Guard’s billions of dollars in bitcoin without an actual infrastructure ready to deploy left Terra’s stablecoin UST vulnerable to a ‘Soros-style attack’, an analyst said

UST Resumes Spiral After Quiet Day Orbiting 90 Cents

11.5.2022
TerraUSD fell below $0.90 late Tuesday after 12 hours of relatively stable price action

Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added

11.5.2022
The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means...