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Russian Prime Minister Orders Finance Ministry, Central Bank to Agree on Crypto by December

15.9.2022
The central bank and the finance ministry in Moscow have been asked by the head of the Russian government to agree on a vision for the development of the country’s digital asset market by Dec 1. Working with other regulators, they should also present a common position on the legislation...

Foreigners to Be Given Anonymous Entry Points to Digital Ruble, Russian Official Suggests

15.9.2022
Foreign nationals should be able to buy Russia’s upcoming digital ruble through entry points providing anonymity, according to a high-ranking member of the Russian parliament. The idea circulated in Moscow aims to protect these investors from Western sanctions. State Duma Deputy Proposes...

Transfero Introduces Digital Brazilian Real to Avalanche

15.9.2022
Transfero has brought the Digital Brazilian Real to the doorstep of Avalanche. This ambitious launch with far-reaching and all-around positive influence will be instrumental, for Avalanche dApps, in suitably connecting with the entire population of Brazil, bordering around 215 million people....

Report: Financial Services Giant Old Mutual Appointed Manager of South African Stablecoin Project’s Cash Reserves

15.9.2022
One of South Africa’s largest financial services groups, Old Mutual, has reportedly been appointed manager of the ZARP stablecoin project’s cash reserves. Founders of the stablecoin are hopeful that the appointment of one of the country’s oldest financial services companies...

Bitgo Files Lawsuit Against Novogratz’s Galaxy Digital for $100M Over ‘Intentional Breach’ of a Merger Agreement

14.9.2022
According to statements made by the digital asset custody business and financial services provider Bitgo, the firm has filed a lawsuit against the crypto company Galaxy Digital and is seeking damages for more than $100 million. Bitgo says Galaxy’s “improper repudiation and intentional...

Compound Treasury to let institutions use digital assets as collateral when borrowing USD or USDC

14.9.2022
Accredited institutions can borrow USD OR USDC starting at 6% APR, according to the company

CDC gives nod to Lummis-Gillibrand bill in proposed amicus brief in SEC v. Ripple case

14.9.2022
The Chamber of Digital Commerce has requested to file an amicus brief in the protracted SEC case against Ripple Labs and supports legislating to clear up legal gray area

OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities

14.9.2022
The Treasury’s Office of Foreign Asset Control (OFAC) has published a specially designated nationals list update (OFAC’s SDN List) that lists a number of individuals accused of being involved with Iran-related ransomware. The list further shows seven bitcoin addresses that...

Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

14.9.2022
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could...

Busan signs MoU with Huobi, gets more help for local crypto exchange

14.9.2022
Huobi Global is the third major cryptocurrency exchange to pen a blockchain ecosystem development agreement with the South Korean city

Abu Dhabi Global Market Financial Regulator Unveils Virtual Asset Regulation ‘Guiding Principles’

14.9.2022
Abu Dhabi Global Market’s financial regulator, the Financial Services Regulatory Authority (FSRA), recently unveiled six principles that will guide its “approach to virtual asset regulation and supervision.” Though not legally binding, the principles, according to the FSRA...

Norway Releases Source Code for Digital Krone Sandbox, Utilizes Ethereum Technology

14.9.2022
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various...

Linux to launch Foundation to support digital wallet development

14.9.2022
The foundation apparently does not intend to create its own digital wallet, however. Its' goal is to make it easier for companies to create wallets for themselves

Wall Street mainstays setting up digital assets exchange with on-chain settlement

13.9.2022
Some of the biggest names in finance are joining together to create the EDXM exchange, citing a pent-up demand for crypto assets and the need for compliance and security

What is a cryptocurrency ETF and how does it work?

13.9.2022
A cryptocurrency exchange-traded fund (ETF) tracks the price of one or multiple digital tokens and consists of numerous cryptocurrencies

Linux Launches Foundation to Bolster Open-Source, Multi-Purpose Crypto Wallets

13.9.2022
On Tuesday, the non-profit technology consortium, the Linux Foundation, announced the launch of the Openwallet Foundation (OWF) in order to bolster the development of open-source crypto wallets. OWF’s goal is to increase “interoperability for a wide range of wallet use cases”...

Win $150,000 USDT With CoinFloww Beta Launch

13.9.2022
PRESS RELEASE. Digital asset trading has long suffered due to high crypto exchange transaction fees, regulatory hurdles by regulators, and stringent crypto exchange rules. Then came CoinFloww, the most advanced digital asset exchange. Based on the world-class digital asset exchange technology...