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Digital Ruble Law Likely to Be Passed in June According to Russian Official
19.5.2023
The digital ruble law project, which was already discussed and approved in its first reading, could be passed in June, according to Anatoly Aksakov, chairman of the Duma’s Financial Markets Committee. The Bank of Russia is currently waiting for the enactment of this ruleset to conduct a live test...
Blockchain arms race risks being won by 'adversarial nations' — US crypto lobby group
19.5.2023
The Chamber of Digital Commerce has urged Congress to set up a Digital Asset and Blockchain Technology Solarium Commission to develop crypto regulation
Hong Kong Launches Digital Currency Pilot With 16 Firms Including HSBC, Bank of China, Alipay
19.5.2023
The Hong Kong Monetary Authority (HKMA) has announced the commencement of its e-HKD pilot which “will take deep dives into potential use cases in six categories.” The pilot paves the way for “the possible implementation of a retail central bank digital currency (CBDC),” the central banking...
Singaporean family office to set up digital bank in Bahrain
18.5.2023
Whampoa Group started its digital asset arm in 2021 and has invested in a $500 million Binance Labs fund along with TikTok parent ByteDance
Chamber of Digital Commerce Pens Call to Action for US Congress To Pass Crypto Legislation
18.5.2023
The Chamber of Digital Commerce is calling on the US Congress to get it together and pass legislation for digital assets.
The advocacy group with members such as Binance, Circle, Fidelity Investments and others, say they want lawmakers to organize a “Digital Asset and Blockchain Technology...
US Bitcoin Corp Secures Hosting Agreements for 150,000 Bitcoin Miners
18.5.2023
On Thursday, the bitcoin mining company U.S. Bitcoin Corp revealed the firm has successfully secured hosting agreements with five different companies to install 150,000 application-specific integrated circuit (ASIC) bitcoin miners. The bitcoin mining machines will be hosted in data centers situated...
Whampoa Group Private Family Office to Open Digital Bank in Bahrain – Here's the Latest
18.5.2023
Singapore-based investment firm Whampoa Group aims to open a digital bank in Bahrain to offer payment and settlement services for crypto firms.
In a recent statement, Whampoa Group said it plans to set up the bank, which will provide banking services as well as the trading, custody, and asset...
Congressional crypto hearing illustrates political stalemate on digital assets
18.5.2023
The hearing was filled with a heavy amount of criticizing the SEC, urging to take matters of regulation into Congress’ hands and empowering the CFTC
Regulatory Battle: Grayscale Challenged by SEC’s Designation of Filecoin as Security
18.5.2023
Grayscale Investments, the largest digital currency asset manager by assets under management, made an announcement on May 17 regarding a comment received from the U.S. Securities and Exchange Commission (SEC). According to the SEC, the crypto asset filecoin qualifies as a security under federal...
Metaverse ETF PUNK closing after betting against Meta's vision
18.5.2023
Subversive Capital cites losses as it shuts down PUNK ETF and the company pivots to artificial intelligence
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...
Grayscale and Bitwise distance themselves from Ether futures ETF plans
18.5.2023
Grayscale has removed ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any near launch of Ether ETF products
Voyager Digital to Start Repaying Frozen Crypto Funds After Court Approval
18.5.2023
Bankrupt crypto lender Voyager Digital has won court approval to self-liquidate assets and start repaying customers a portion of their frozen funds.
On Wednesday, US Bankruptcy Judge Michael Wiles approved Voyager's liquidation plan at a court hearing in Manhattan months after deals to sell...
Chinese Universities Begin Adopting Digital Yuan – Students to Lead CBDC Drive?
18.5.2023
Universities in China say they are adopting the digital yuan, and looking for ways to allow students to use the nation’s central bank digital currency (CBDC) in “every” aspect of their campus lives.
In an interview with the Chinese media outlet Stockstar, one of the firms at the center of...
EU Council Adopts New Rules for Europe’s Crypto Markets
18.5.2023
The Council of the European Union has given its final approval to new regulations for crypto assets and markets in the EU. The decision completes a lengthy and complex legislative process for what’s considered to be the world’s first comprehensive legal framework for digital assets like bitcoin....
Australia marks first FX transaction using a CBDC as eAUD pilot continues
18.5.2023
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain
Voyager Digital Customers Will Recover 35% of Their Crypto Deposits
18.5.2023
Bankruptcy crypto lender Voyager Digital said customers will soon recover 35 percent of their cryptocurrency deposits, following a rocky road over the past few months of multiple failed buyouts.
US Bankruptcy Judge Michael Wiles approved Voyager’s liquidation plan on Wednesday, which will allow...
China state-owned Greenland to apply for Hong Kong virtual asset trading license
17.5.2023
The real estate developer’s fintech unit already has a digital banking license in Singapore; “We are ready to step into Hong Kong,” CEO says
Harvard Business Review: Alchemy Pay, Crypto Payment Ecosystem Pioneer
17.5.2023
Introduction. When we discuss the future of the digital economy and real life in the next generation of the Internet, we are inevitably talking about Web 3.0. The future is unknown, but we have seen some tech companies already exploring and deepening on their tracks, such as Alchemy Pay, mentioned...
Florida’s DeSantis Waging Toothless Campaign Against Digital Dollars, Lawyers Say
17.5.2023
The state-level campaign against a U.S. digital dollar made its first foray into established law with Governor Ron DeSantis’ signature on Florida’s effort to block the use of virtual government-backed money in business transactions