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Hedera Network Powers Shinhan Bank's Successful Test of Stablecoin Payments
19.7.2023
The South Korean commercial banking giant Shinhan Bank completed an EMV-compatible feasibility test for stablecoin remittance payments on the Hedera network.
According to the press release, the pilot included SCB TechX, Siam Commercial Bank's technology innovation business unit....
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Hardware Wallet Maker Ledger Targets Latin America Growth
19.7.2023
The crypto hardware wallet producer Ledger is looking to expand into the Latin America region, and is targeting growth in “Central and South America.”
Per Criptonoticias, the French firm has announced plans for an “expansion” that Ledger hopes will “strengthen” its supply chain “operations” across...
SEC Chair Gary Gensler Expresses Disappointment Over Ripple Court Ruling, Continues Evaluation
18.7.2023
Securities and Exchange Commission (SEC) chair Gary Gensler has said he is “disappointed” in a court ruling that declared that Ripple’s XRP token is “not in and of itself” a security....
Read More: SEC Chair Gary Gensler Expresses Disappointment Over Ripple Court Ruling, Continues Evaluation
SEC v. Ripple Case Referred to Magistrate Judge Sarah Netburn, Who Ordered 'Hinman Documents' Release
18.7.2023
Remaining questions in the legal battle between Ripple and the US Securities and Exchange Commission (SEC) have been referred to Magistrate Judge Sarah Netburn, the judge who ordered the release of the so-called ‘Hinman documents.’
Magistrate Judge Netburn will now take care of general pretrial...
Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?
18.7.2023
Binance, the world’s largest cryptocurrency exchange, has grown increasingly frugal amid declining profits after boasting that it had prepared a “war chest” last year....
Read More: Report: Declining Profit Forces Binance Crypto Exchange to Scale Back Employee Benefits – Is The Bear Market Back?
Binance Token Faces Growing Pessimism in Crypto Derivatives Market
18.7.2023
Crypto traders are showing pessimism in the derivatives market for the embattled crypto exchange Binance’s native coin BNB amid the growing regulatory turmoil.
The open interest-weighted funding rate turned negative on Binance’s BNB coin this weekend, as per Coinglass data.
The negative open...
The introduction of Boojum boosts digital self-ownership
18.7.2023
Boojum is zkSync Era’s latest proof method for radical decentralization and has been upgraded for transporting zkSync Era to STARK boosted proof method. This will offer high-level functions on consumer-grade hardware. Boojum is a Rust-oriented cryptographic library that is utilized for executing...
Analysts Caution Coinbase Faces Significant Regulatory Pressure Despite Ripple's Court Win
18.7.2023
The major US-based crypto exchange Coinbase is still facing pressure from the Securities and Exchange Commission (SEC), despite the recent win in court for Ripple.
According to a new report from investment firm Berenberg Capital, Coinbase’s “Earn” program is now particularly vulnerable...
Republicans and Democrats Collaborate on Stablecoin Legislation in the House
18.7.2023
Republicans and Democrats are likely to come to an agreement on the proposed bill to regulate stablecoins in the United States.
Two senior members of the Financial Services Committee in the U.S. House of Representatives, who drafted the bill to regulate stablecoins, said that Republicans...
Binance Abruptly Terminates Argentine Soccer Association Partnership Citing Contract Breach
18.7.2023
Crypto exchange Binance’s Argentina arm has decided to abruptly call-off its partnership with the Argentine Football Association (AFA), accusing the latter over lack of compliance.
In January 2022, Binance entered into a five-year contract with AFA, the governing body of football in Argentina...
Argentina’s Crypto ‘Awareness’ Hits 75%, Study Finds
18.7.2023
Argentina’s crypto “awareness” levels have risen to 75%, a new study has found, although many citizens say they are still wary of token “volatility.”
Per Criptonoticias, the study was carried out by Bitso, one of the largest and busiest crypto trading platforms in the LATAM region.
The exchange...
Attorney Deaton Predicts Judge Torres' Rejection of SEC Appeal Request
18.7.2023
Speculations and discussions around the Ripple versus SEC lawsuit continue even after the fintech company secured a victory in recently-released summary judgment.
Recent tweets capture a correspondence between CryptoLaw founder John Deaton, Attorney Bill Morgan, and former SEC regional director...
G20 Watchdog Report Highlights Crypto Firms' Nowhere-to-Hide Situation Under Global Rules
18.7.2023
Amid a heightened call for comprehensive digital assets legislation, the G20's Financial Stability Board (FSB), on July 17, published its final recommendations for regulating crypto trading firms. It focuses on issues relating to regulatory supervisory and oversight of crypto assets to help foster...
Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet
18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX....
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Binance CEO Confirms Layoffs, Refutes Exaggerated Figures
17.7.2023
Binance CEO Changpeng Zhao (CZ) has confirmed that his exchange is laying off people, but said numbers reported in the media are “way off.”
“As we continuously strive to increase talent density, there are involuntary terminations,” CZ wrote in a tweet this weekend, while adding “This happens...
Aave's Dollar-Pegged GHO Stablecoin Achieves $2.5M Market Cap within 48 Hours
17.7.2023
In just 48 hours of being launched, Aave's GHO, an algorithmic stablecoin pegged to the United States dollar on the Ethereum network, has already achieved a total minting value of $2.5 million.
On July 15, Aave launched GHO, a decentralized and over-collateralized stablecoin backed by a variety...
Ethereum Sidechain Gnosis Launches Visa-Backed Debit Card Directly Connected to Crypto Wallet
17.7.2023
Blockchain network Gnosis has unveiled two products that allow users to spend their digital assets directly from wallets using Visa's payment system.
Gnosis launched Gnosis Pay, pioneering the integration of decentralized payment networks with traditional processors, and Gnosis Card,...
Report: Crypto Investment Declines for Fifth Consecutive Quarter, Fails to Find Bottom
17.7.2023
Venture capital firms are continuing to invest less money in the crypto sector, after five consecutive quarters of declines, according to a new report from crypto financial services firm Galaxy Digital.
During the second quarter of this year, VC firms invested $2.3 billion in crypto and blockchain...
FSB Releases Proposals For a Tougher Global Crypto Framework
17.7.2023
The Financial Stability Board (FSB) has called for improved global digital asset regulation with the safety of user assets at the center of policies.
The international financial body which acts as a standard-setter rolled out plans to proffer recommendations to help curb the crypto-related...
Celsius Liquidates $25 Million In Altcoins After Court’s Approval To Move Funds
17.7.2023
Bankrupt crypto lender Celsius has liquidated nearly $25 million in different altcoins after a US court approved the firm to convert altcoins to BTC and ETH earlier this month.
Celsius Network liquidated several altcoins worth nearly $25 million, including Chainlink (LINK), BNB coin, Synthetix...