The Australian government is proposing a new regulation that would require cryptocurrency exchanges to obtain a license from the country’s financial services regulator in order to operate. Under the proposal, digital asset intermediaries would need to obtain an Australian financial services license from the Australian Securities and Investments Commission (ASIC) to issue and deal in […]
Renowned staking solution Lido Finance has announced its decision to discontinue operations on the Solana blockchain. The move comes after a thorough discussion and voting process within the Decentralized Autonomous Organization (DAO) community. Lido’s P2P team presented a proposal outlining the achievements, challenges, and future prospects of Lido on Solana, offering two possible solutions. Ultimately, […]
Ripple, the blockchain payments company known for its cryptocurrency XRP, has posted a job opening for a shareholder communications senior manager. This has sparked speculation that Ripple may be preparing to go public and list its shares on a stock exchange. The job description suggests that the role will involve direct communication with shareholders and […]
Federal Reserve Board governor Michelle Bowman expressed her views on financial innovation during a speech at Harvard Law School. She discussed topics such as central bank digital currency (CBDC), stablecoin, and the use of technology to improve existing systems. Bowman emphasized the importance of the U.S. intermediated banking model in protecting consumer financial activities from […]
Police body cam footage has revealed the moment a hacker unknowingly incriminated himself by opening a laptop containing thousands of Bitcoin in front of federal investigators. James Zhong was charged by the US government for stealing over 50,000 BTC from the Silk Road marketplace in 2012. In 2019, Zhong called the police to report a […]
Federal Reserve Governor Michelle Bowman expressed skepticism about the benefits of central bank digital currencies (CBDCs) during a roundtable discussion in Washington, D.C. She questioned whether a U.S. CBDC could solve financial problems more effectively or efficiently than existing solutions. Governor Bowman highlighted the importance of responsible innovation in money and payments, emphasizing the need […]
Binance.US, the US-based unit of cryptocurrency exchange Binance, has suspended dollar withdrawals from its platform amid an ongoing legal battle with the US Securities and Exchange Commission (SEC). Customers can no longer directly withdraw US dollars and must convert their funds to stablecoins or other digital assets. This move effectively transitions Binance.US into a crypto-only […]
BRICS countries, including China, India, Saudi Arabia, and the UAE, are shifting away from the US dollar in their oil trade dealings with Russia. By settling trade in their local currencies, such as the Chinese Yuan and the Indian Rupee, these nations have saved billions of dollars and raised concerns about the future of the […]
In a recent interview, Evan Cheng, CEO of Mysten Labs, discussed the changing dynamics of the crypto investment landscape. Cheng believes that the hype-driven bull run in the crypto market will soon give way to a more strategic and cautious approach. He expressed optimism about the growing interest of traditional financial institutions in the crypto […]
Ripple Labs, the blockchain-based payment protocol company, has sparked speculation about a potential Initial Public Offering (IPO) with a recent job posting for a “Shareholder Communications Senior Manager.” This development has led many to infer that Ripple is preparing for an IPO, although the company has not issued an official statement regarding this matter. The […]
