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HKMA Launches Second Phase of e-HKD Pilot and Invites Industry Participation
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participan...
6 months ago
The European Banking Authority (EBA) has published draft rules outlining the regulatory standards applicable to stablecoin issuers in relation to consumer complaints.
EBA worked on the draft regulatory technical standards (RTS) in collaboration with the European Securities and Markets Authority (ESMA). “In order to avoid diverging complain...
6 months ago
Federal Judge Edgardo Ramos found the SEC’s suit “plausibly alleges” that Gemini Earn was a securities offering, allowing the case to continue in court.
The United States Securities and Exchange Commission’s allegation that crypto firms Gemini and Genesis sold unregistered securities through the Gemini Earn program is plausible enough to c...
6 months ago
WILMINGTON, Delaware (Reuters) -The lawyers who voided Elon Musk's $56 billion compensation as excessive on Friday sought a record a $6 billion legal fee, payable in the electric car maker's stock.
"We recognize that the requested fee is unprecedented in terms of absolute size," the three law firms said in a filing with the Court of Chancery in Delaware. The fee works o...
6 months ago
The landlocked country of Andorra sought technical assistance from the International Monetary Fund on various topics, including effectively monitoring crypto assets.
The International Monetary Fund (IMF) provided technical advice to Andorra, a landlocked country bordering France and Spain, on recording Bitcoin transactions in response to thei...
6 months ago
EL SALVADOR BENEFITS FROM BITCOIN'S RISE!
El Salvador’s Bitcoin (BTC) holdings have yielded an unrealized profit of $84 million, with the treasury’s value increasing by 69% to over $206 million due to Bitcoin’s 250% ap...
6 months ago
The announcement comes after Google pulled its artificial intelligence image generation tool in February following controversies, including historical inaccuracies and contentious responses.
Google has announced it will restrict the types of election-related queries users can ask its Gemini chatbot. It has already rolled out the changes in the United States and India, where voters w...
6 months ago
Although plans for a shekel CBDC have been in place since 2021, no pilot tests have since carried forward.
Israel’s central bank will support a new Israeli shekel central bank digital currency (CBDC) that has the option of bearing interest. In the March 11 announcement, the Bank of Is...
6 months ago
The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.
The price of Bitcoin has surged to reach new all-time highs above $72,000, following a record-breaking week of inflows into crypto exchange-traded products (ETPs). According to a ...
6 months ago
Elixir, a decentralized network aiming to enhance liquidity on orderbook exchanges, recently finalized a Series B funding round, reaching a valuation of $800 million.
The round, co-led by Mysten Labs and Maelstrom, raised $8 million with contributions from entities including Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, among others.
6 months ago
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