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Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’
11.7.2023
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...
Chinese Firms Using Digital Yuan to Pay Electricity Bills
30.6.2023
Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC).
Per the news outlet Dizo, the city of Suzhou’s Xiangcheng District’s drainage and sanitation companies recently used...
UK crypto bill reaches final stage, on track for passage
29.6.2023
The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law
US Treasury yields are rising — What does it mean for Bitcoin price?
25.6.2023
The 5-year U.S. Treasury yield reached its highest level in 3 months, but the typical inverse correlation-based price action with Bitcoin might not work this time
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund
21.6.2023
Repurchase agreements will keep being part of the reserve fund, Circle’s chief financial officer said Wednesday during a company call
US lawmakers propose bills to hold bank execs accountable for failures and address risks
21.6.2023
Maxine Waters did not specifically mention crypto in the proposed legislation, drafted in response to the collapse of Silicon Valley Bank, Signature Bank, and First Republic Bank
MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
21.6.2023
The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve
US lawmakers introduce National AI Commission Act
21.6.2023
A group of United States lawmakers introduced an Act to establish a commission on the approach toward artificial intelligence
Crypto Investing Platform Finblox Starts Offering Tokenized Treasury Yield With OpenEden
13.6.2023
Demand for tokenized versions of short-term U.S. government bonds has been increasing as crypto investors turn to real-world assets to earn returns on their investments
US House Committee releases new stablecoin bill draft
9.6.2023
The draft bill is set to go before the House Committee for discussion on June 13, and if approved by the House and the Senate, it could become the first form of crypto legislation in the U.S
US senators propose AI bills for transparency and innovation
9.6.2023
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation
Bitcoin Miners Gain Support From Texas With Two Bills Passed, One Halted
1.6.2023
Two bills that will seem to embrace mining have been sent to the governor, whereas one that would adversely affect miners was stopped at committee
Crypto bills get priority as the debt ceiling remains a concern in the US
31.5.2023
The US was last week on the edge of defaulting international payments. An embarrassment, as a developed nation would have it, has now taken a back seat with two new crypto bills claiming priority on Capitol Hill. The debt ceiling has often been called a self-created problem that troubles the world....
Texas legislative session winds down with crypto bills still in limbo
29.5.2023
State lawmakers passed a proof-of-reserves bill and legislation covering crypto firms' usage of flare gas, both awaiting Texas Governor Greg Abbott's approval or veto as of May 29
US House stablecoin hearing focuses on competing bills for regulation
18.5.2023
The answer to the question of what level stablecoin issuers are regulated on “need not be binary,” one witness said
Lawmakers Reveal Differences on Stablecoin Bills in House Hearing — Will They Find Consensus?
18.5.2023
House Democrats and Republicans are seemingly divided on how to regulate stablecoins but are finding consensus that some form of legislation is needed.
House Financial Services Committee Chair Patrick McHenry, R-N.C., and former chair of that committee Rep. Maxine Waters, D-Calif., worked together...
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
18.5.2023
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
14.5.2023
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature...
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
12.5.2023
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would have very significant, hard to predict, and likely lasting effects on investors, issuers, and markets alike.” Gensler stressed: “We’ve already seen an effect...
Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
6.5.2023
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills...