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Bank of America: CBDC Adoption Grows Globally, but Digital Dollar Not Imminent
15.11.2023
Source: iStock/E_Y_E The United States is working on a digital dollar but is unlikely to actually launch one anytime soon, according to Bank of America. In a Monday report, analysts led by Alkesh Shah said that central banks for 67% of countries are exploring central bank digital currencies...
UK Appoints Bim Afolami as Economic Secretary to Oversee Crypto Regulation
15.11.2023
Source: AdobeStock / Mary Bim Afolami has been appointed as the economic secretary to the Treasury of the United Kingdom, where he will have authority over policies that impact the adoption of digital assets and central bank digital currencies within the country. According to a recent announcement...
Tornado Cash Users Appeal Court Ruling Backing Treasury Department’s Sanctions
15.11.2023
Source: Pixabay The plaintiffs in the case against the United States Treasury Department’s sanctions over the popular cryptocurrency mixer Tornado Cash are dissatisfied with the ruling of the court. A group of five Tornado cash users has filed an appeal against the judgment of the US District Court...
Tornado Cash users file appeal over judgment in favor of US Treasury
14.11.2023
The six individuals, supported by crypto exchange Coinbase, have taken a case involving the U.S. Treasury sanctioning Tornado Cash to federal appellate court
Bim Afolami takes the reins on UK crypto policy as new Economic Secretary
14.11.2023
Under U.K. Prime Minister Rishi Sunak, former Economic Secretary Andrew Griffith will become the next Minister of State in the Department for Science, Innovation and Technology
Lloyds Bank: UK Sees 23% Increase in Cryptocurrency Scam Reports
14.11.2023
Source: AdobeStock / JeromeMaurice Lloyds Bank, a big four bank in the United Kingdom, reports that crypto scams have risen 23% compared to the same period last year. The firm warned that fraudsters are targeting young people over social media, with victims losing an average of £10,741 ($13,183.72)...
APEC finance ministers to share perspectives on crypto at meeting in San Francisco
13.11.2023
U.S. Treasury Secretary Janet Yellen said she is looking forward to hearing from the finance ministers of some of the world’s most crypto-forward countries
Crypto advocacy group pushes back against proposed IRS rules on brokers
13.11.2023
The Blockchain Association claimed the U.S. Treasury overstepped its authority in proposing crypto tax rules difficult or impossible to follow by many in the space
U.S. FSC to discuss illicit activity in crypto at upcoming hearing
13.11.2023
Discussions around illicit activity, such as money laundering and terror financing, will take center stage at the Financial Services Committee hearing
Hackers claim to have stolen user data from defunct crypto ATM firm Coin Cloud
13.11.2023
The hackers say they have nabbed the data of about 300,000 users of Coin Cloud residing in the United States and Brazil
US Government Remains Hostile Toward Crypto Despite Ripple’s SEC Win, Says CEO
12.11.2023
Ripple’s CEO says the U.S. government is still hostile toward crypto despite the cryptocurrency firm’s victory against the U.S. Securities and Exchange Commission (SEC). “Until that changes, the banks in the United States are not going to engage meaningfully,” he warned, adding:...
Moody’s Downgrades US Credit Rating to ‘Negative’ on Fiscal Deficits and Debt Concerns
11.11.2023
The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a previous downgrade by Fitch and reflects ongoing...
Bank of Russia to Develop Digital Ruble Payment System With the UAE
11.11.2023
The Bank of Russia has announced it will create a joint payment system with the United Arab Emirates (UAE) using the digital ruble. Bank of Russia’s First Deputy Governor Olga Skorobogatova stated that the system would serve individuals and businesses alike and estimated its development would...
Standard Chartered’s SC Ventures Partners With SBI to Establish Digital Asset Joint Venture in UAE
11.11.2023
Standard Chartered’s ventures arm, SC Ventures, and Japanese conglomerate SBI Holdings are collaborating to establish a digital asset joint venture in the United Arab Emirates (UAE). “The joint venture will focus on investing in companies across the digital assets spectrum including...
Ethics watchdog rats out Circle for links to Tron in letter to Sens. Warren, Brown
11.11.2023
The Campaign for Accountability wanted to let the anti-crypto senators know that the threat of terrorist financing with crypto was worse than they thought
BlackRock ETH ETF helps price past $2k; community sees BTC ETF as 'done deal'
10.11.2023
BlackRock has previously also filed for a Bitcoin ETF, for which the SEC approval window is currently open until Nov. 17
Court Halts SafeMoon’s CEO Bail After Prosecutors Allege a “Danger to the Community”
10.11.2023
Source: Adobe United States federal prosecutors have halted the bail of SafeMoon’s CEO Braden John Karony after they challenged the previous order citing a danger to the community and a potential flight risk. Court filings show New York District Judge LaShann DeArcy Hall has paused Karony’s bail...
US and Allies to Intensify Sanctions Against Hamas, Targeting Crypto Assets to Cut Funding
10.11.2023
Source: Adobe Stock/ sveta The United States and its allies are set to escalate sanctions against the militant group Hamas in the coming days. According to the U.S. Deputy Treasury Secretary Wally Adeyemo, more actions will be taken in the coming days and weeks to cut funding channels to Hamas...
SafeMoon CEO bail release goes on hold after Feds cite flight risk
10.11.2023
Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections
Standard Chartered and SBI Holdings Collaborate on $100 Million Crypto Investment Venture
9.11.2023
Source: Pixabay SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups. In a statement released on Thursday, the two companies announced the launch of their Digital Asset...