USDC adoption is lagging outside of the United States: Coinbase
The exchange stated the stablecoin is purchased at three times the rate with U.S. dollars as compared to other fiat currencies. Go to Source Powered by WPeMatico
Month: October 2022
‘Well worth the fight’ — Ripple counsel confirms Hinman docs are in their hands
The truth will be shameful and shocking for the SEC according to Ripple boss Brad Garlinghouse. Go to Source Powered by WPeMatico
Binance US taps “most feared man on Wall Street” for new investigations unit
Former FBI special agent BJ Kang has been onboarded with Binance US to steer a new investigative unit aimed at finding and stopping illegal activity. Go to Source Powered by WPeMatico
Metaverse trading volume plummeted 80% but hype hasn’t decreased
A DappRadar report found that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55%. Go to Source Powered by WPeMatico
Put your hands up! Interpol storms into the Metaverse
Interpol’s metaverse is up and running and has been designed to streamline communication between various units, along with providing an avenue to conduct education and training. Go to Source Powered by WPeMatico
US regulator touts to ‘aggressively police’ crypto in new report
The Commodity Futures Trading Commission (CFTC) says 20% of its enforcement actions were aimed at the digital assets market in the 2022 fiscal year. Go to Source Powered by WPeMatico
Hong Kong Mulls Letting Retail Investors Trade Crypto, Removing ‘Professional Investor-Only Requirement’
The director of licensing and head of the fintech unit of Hong Kong’s Securities and Futures Commission (SFC) has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. “We’ve had four years of experience in regulating this industry … We think that this may be actually a good time … Read more
Metaverse casino served emergency cease and desist to halt NFT sales
Explaining the cease and desist orders, the Texas State Securities Board in particular likened Sloties’ NFTs to something that is “similar to stock and other equities.” Go to Source Powered by WPeMatico
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption. Go to Source Powered by WPeMatico
JPMorgan Hires Former Executive of Bankrupt Crypto Firm as Head of Digital Assets Regulatory Policy
JPMorgan Chase & Co. has hired bankrupt crypto lender Celsius Network’s former head of policy and regulatory affairs as its new head of digital assets regulatory policy. The move followed JPMorgan CEO Jamie Dimon telling U.S. Congress that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” JPMorgan Chase Hires Head of Digital Assets Regulatory Policy … Read more