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Rep. Warren Davidson of Ohio has asked for the adoption of permissionless P2P currencies over central bank digital currencies (CBDCs).
United States representative for Ohio’s 8th congressional district Warren Davidson has urged his fellow lawmakers to adopt permissionless peer-to-peer money over central bank digital curre...
1 year ago
Kuwait’s Capital Markets Authority has officially confirmed the commitment to “absolute prohibition” of virtually all crypto operations in the country.
he state of Kuwait is the latest jurisdiction to ban virtually all operations involving cryptocurrencies like Bitcoin BTC $29,773. On July 18, Kuwait’s main financial r...
1 year ago
Nasdaq said it remains committed to digital asset business development and will be monitoring market events in the near future.
Global securities marketplace Nasdaq is halting the launch of its own cryptocurrency custody that it previously planned to roll out by the end of the second quarter of 2023. It suspend...
1 year ago
The Federal Reserve certified the FedNow Service as “ready” after it onboarded 41 financial institutions, 15 service providers and the U.S. Department of the Treasury to test the system before its launch by the end of July 2023.
The United States Federal Reserve clarified that its new service for instant payments between organizations — the FedNow Service — has no relation with central bank digital curr...
1 year ago
FTX Trading has taken legal action against its founder, Sam Bankman-Fried, and other former executives in an attempt to recover $1 billion
The defendants in the complaint are former FTX engineering director Nishad Singh, former FTX technology chief Zixiao “Gary” Wang, and Caroline Ellison, who led the hedge fund Alameda...
1 year ago
The bill still requires Vladimir Putin’s signature, but if approved, Russia will become one of the largest adopters of CBDCs to date.
Russia could start testing its ‘digital ruble,’ a central bank digital currency (CBDC), in just a few weeks. A bill granting legal authority to the central bank digital cur...
1 year ago
While the adoption and use cases of China’s central bank digital currency are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor ha...
1 year ago
Gary Gensler discussed the utilization of the $2.4 billion budget granted to the SEC in a speech before a House Committee
United States Securities and Exchange Commission (SEC) Chair Gary Gensler talked to lawmakers about the recently granted funds in dealing with the crypto market. Gensler spoke before the Subcomm...
1 year ago
Robert Kennedy said his government would exempt Bitcoin from capital gain taxes to incentivize ventures to build in the United States.
Presidential candidate Robert F. Kennedy Jr. revealed plans to back the U.S. Dollar with Bitcoin (BTC) and exempt the flagship digital asset from capital gains tax while speaking at a ...
1 year ago
FalconX said its products will encompass swaps, options and non-deliverable forwards, intended to provide exposure settled against reference rates from CF Benchmarks
Crypto prime brokerage FalconX has begun offering a suite of derivatives contracts based on the same index as Blackrock’s bitcoin ETF, in a bid to foster “trust among institutional i...
1 year ago
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