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UK Regulatory Framework Will Embrace Coexistence of Stablecoins and CBDCs, Aligned with EU Standards
6.3.2024
The United Kingdom is set to embrace the coexistence of stablecoins and central bank digital currencies (CBDCs) in its regulatory framework. This move signifies a strategic alignment with the EU's regulatory framework and will position the UK as a progressive player in the evolving landscape...
Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General
6.3.2024
Digital Currency Group (DCG), the parent company of the now-defunct Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James.
The post Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General appeared first...
Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit
6.3.2024
The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors
Hungary Proposes Crypto Law to Regulate Digital Investment Instruments
6.3.2024
The proposed law would regulate the future tradability of digital investment instruments and allow traditional banks to incorporate cryptos.
The post Hungary Proposes Crypto Law to Regulate Digital Investment Instruments appeared first on Cryptonews
Bitstamp Secures In-Principle Approval for Digital Asset Services License in Singapore
6.3.2024
European cryptocurrency exchange Bitstamp has received in-principle approval for its license application to offer digital asset services in Singapore.
The post Bitstamp Secures In-Principle Approval for Digital Asset Services License in Singapore appeared first on Cryptonews
Cryptocurrency Market Correction Triggers $1 Billion Closure of Leveraged Futures Bets
6.3.2024
Bitcoin's recent price correction, following its surge to a new all-time high above $69,000, has resulted in the closure of leveraged perpetual futures bets worth $1 billion across digital asset markets.
The post Cryptocurrency Market Correction Triggers $1 Billion Closure of Leveraged Futures...
Bitcoin Miners Show Muscle Pushing Back Against Warrantless 'Emergency' Order
5.3.2024
In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics
Hong Kong to Kickstart New Web3 and Digital Yuan Initiatives This Year
5.3.2024
The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and expand the digital yuan pilot as part of...
BRICS to Develop Digital Currencies and Blockchain-Based Payment System
5.3.2024
BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions.
The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews
Bitcoin Miners Need to Be Proactive to Hold Their Positions After Halving: Fidelity Digital Assets
5.3.2024
As the protocol evolves, new layers could emerge bringing new use cases and more users, the report said
BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report
5.3.2024
The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said
Russian Digital Ruble Pilot ‘on Track,’ Registers About 25K Transactions
5.3.2024
Elvira Nabiullina, Governor of the Bank of Russia, stated that the current pilot test of the Russian digital ruble was “on track,” with several operations being tested, including opening wallets, and interactions with smart contracts. Nabiullina revealed that over 25,000 transactions...
Russian Central Bank Chief Outlines Next Steps for Digital Ruble
5.3.2024
Russian Central Bank Governor Elvira Nabiullina says the country will use “several stages” to roll out its digital ruble.
The post Russian Central Bank Chief Outlines Next Steps for Digital Ruble appeared first on Cryptonews
Bitcoin Returns To All-Time High In Canadian Dollar After PM Said It “Destroyed” People’s Life Savings
4.3.2024
The price of Bitcoin (BTC) now trades at an all-time high against the Canadian dollar roughly seventeen months after the nation’s leader slammed digital currencies as an “irresponsible” investment.
The post Bitcoin Returns To All-Time High In Canadian Dollar After PM Said It “Destroyed”...
FSC Plans New Digital Asset Regulations Draft for Taiwan in September 2024
4.3.2024
The Financial Supervisory Commission (FSC) of Taiwan has announced its intention to propose a new draft of digital asset regulations for the country in September 2024.
The post FSC Plans New Digital Asset Regulations Draft for Taiwan in September 2024 appeared first on Cryptonews
Crypto Exchange Listing and Delisting Announcements: March 4, 2024
4.3.2024
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
The post Crypto Exchange Listing and Delisting Announcements: March 4, 2024 appeared first on Cryptonews
Hong Kong’s SFC Issues Warning on BitForex Amid Crypto Scam Allegations
4.3.2024
On March 4, Hong Kong's financial watchdog, the Securities and Futures Commission (SFC), issued a public notice about the cryptocurrency exchange BitForex over alleged fraudulent dealings. BitForex, although based in Hong Kong, does not possess the license required by the country's regulatory...
Egyptian Fintech Startup Moneyhash Secures $4.5 Million in Seed Funding Round
4.3.2024
Moneyhash, a digital payments fintech startup, recently secured $4.5 million in a seed funding round. The fintech startup said it will use the capital raised to enhance its technology and fund its regional expansion drive. The Impact of COVID on Payments Moneyhash, an Egyptian fintech startup...
Alfa-bank: Russian Financial Behemoth Launches Digital Asset Offerings
4.3.2024
Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash.
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Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
3.3.2024
The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth...