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United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
Tether Criticizes UN Report for Ignoring USDT’s Role in Helping Developing Economies
17.1.2024
Tether, the issuer of the stablecoin USDT, has blasted the findings of a United Nations Office on Drugs and Crime study which ignore the stablecoin’s “role in helping developing economies in emerging markets.” According to Tether, the stablecoin’s use of public...
Russian Central Bank ‘Turning a Blind Eye’ to Crypto-powered Trade – Senator
17.1.2024
Source: ulchik74/Adobe A Russian senator has claimed the nation’s Central Bank is “turning a blind eye” to firms that use crypto as a payment tool in international trade. Russia’s CoinSpot quoted Ivan Abramov, the First Deputy Chairman of the Federation Council Committee...
Circle CEO Jeremy Allaire: ‘Stablecoins Are Set to Change the Financial System Forever’
17.1.2024
Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global in scale.” Allaire believes this tech...
Consolidating Crypto: The Unseen Power of Exchange Aggregators
16.1.2024
The use of cryptocurrencies is growing with each change in the time of year. This led to the emergence of specialized services that allow users to exchange digital coins for other coins or fiat money. Similar to the traditional online exchangers of classical currencies, cryptocurrency services made...
USDT at the Heart of Pig Butchering Scams Says the UN
16.1.2024
The stablecoin tether has emerged as one of the preferred payment methods for money launderers and fraudsters operating out of Southeast Asia, the findings of a new United Nations study have shown. According to Jeremy Douglas, criminals are choosing to use tether because they know that...
SEC Chair Gary Gensler Sees Irony in Spot Bitcoin ETF Approval — ‘This Was About Centralization’
16.1.2024
U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler sees irony in the approval of spot bitcoin exchange-traded funds (ETFs). “This was about centralization and traditional means of finance,” said Gensler, warning: “Investors should be aware that this underlying asset...
Google Cloud Joins Flare Network as a Validator, FLR Surges 37%
15.1.2024
Courtesy: @FlareNetworks on X Google Cloud will serve as a validator for the Flare blockchain and contributor to the Flare Time Series Oracle (FTSO), the “blockchain for data” organization announced Monday. Google Cloud to serve a dual role “Data access at scale is important...
South Korea Seeks Regulation Against Crypto Mixers Citing Illegal Use Cases
15.1.2024
Source: AdobeStock South Korean regulators seek to introduce new laws that would sanction the use of cryptocurrency mixers in the country to curb the rate of illicit financial activities. According to local news outlets, the Financial Intelligence Unit is considering rolling out new regulations...
Circle Highlights Surge in USDC Use for Asia Remittances in New Report
15.1.2024
Since its introduction in 2018, USDC has been used to settle over $12 trillion in blockchain transactions
UN Report Highlights Tether’s Rising Role in Money Laundering Across Southeast Asia
15.1.2024
In a recent report released by the United Nations Office on Drugs and Crime, Tether, one of the world’s largest stablecoin Tether, has been identified as a prominent tool employed by money launderers and fraudsters operating in Southeast Asia. The report sheds light on the increasing use...
Market Watchers are Accumulating This Little-Known AI Crypto – Here’s Why
12.1.2024
Launchpad XYZ will use AI tools to rank and analyze digital assets for crypto traders after its ongoing $LPX presale period. Image by Supatman, Adobe Stock. Launchpad XYZ leaned into AI to build crypto trading tools before launching its native token $LPX, an AI crypto gaining traction during...
Kevin O’Leary says Institutions Won’t Use Spot Bitcoin ETFs and Hints at Next Trend in Crypto
12.1.2024
(Photo by Steven Ferdman/Getty Images) While the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the United States will further lead to the institutionalization of Bitcoin, Kevin O’Leary — a Canadian venture capitalist and CNBC personality — told Cryptonews that...
20+ Best Bitcoin Slots Sites to play in January 2024
11.1.2024
In this guide, we review the best Bitcoin slots sites available today – pouring through dozens of casinos to find the best places to play Bitcoin slot machine games based on the selection of games available, their welcome bonuses and promotions on offer, ease of use and payment, regulation...
Infra Firm Set to Launch EVM That Solves Bitcoin’s Limited Use Issue, Secures $7 Million
11.1.2024
Source: AdobeStock / Syda Productions Web3 infrastructure firm Bitfinity Network has raised millions from major backers, while nearing the launch of its Ethereum Virtual Machine (EVM). Its founder talked with Cryptonews about how this EVM works to solve the issue of Bitcoin’s limited use, as well...
Elon Musk Tips Use of Bitcoin On Mars, Highlights Possible Challenges
11.1.2024
Elon Musk. Source: a video screenshot, Elon Musk Zone / YouTube Tesla CEO Elon Musk says there’s a possibility cryptocurrencies could be utilized on Mars as he answers questions about what he would use on the planet. Speaking in an X (formerly Twitter) space, “Ark 21Shares Bitcoin ETF (ARKB)...
Elon Musk’s X Abandons NFT Profile Pictures, Sidelining Ethereum Integration
11.1.2024
Image Source: Getty Images X (formerly Twitter), under the ownership of Elon Musk, has discontinued a feature that allowed premium users to use non-fungible token (NFT) images as their profile pictures. The feature, introduced in January two years ago, was aimed at Twitter Blue subscribers...
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
11.1.2024
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro
Jamie Dimon Insists Bitcoin Doesn’t Have Value as JPMorgan Teams up With Blackrock on Spot Bitcoin ETF
11.1.2024
JPMorgan Chase CEO Jamie Dimon has insisted that bitcoin doesn’t have value, emphasizing that its use cases are sex trafficking, tax avoidance, money laundering, and terrorism financing. However, JPMorgan has teamed up with Blackrock to help the world’s largest asset manager grow...
FINRA’s 2024 Report Highlights Emergence of Crypto-Related Compliance Risks
10.1.2024
Source: Adobe American self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has added crypto considerations for companies to its annual oversight report, released Tuesday. ???? We've published the 2024 FINRA Annual Regulatory Oversight Report to share key insights...