(source: en.wikipedia.org)
Europe’s new digital asset regulation could help transform the ownership structure of the cryptocurrency sector. That’s according to a report Sunday (July 26) by CoinDesk, which says that companies are now facing the cost of doing business under the new Markets in Crypto Assets (MiCA)...
Stablecoins spent years waiting for regulatory legitimacy. Now that legitimacy is creating a more complicated problem: almost everyone wants a piece of the business. As a result, the biggest stablecoin news this week didn’t come from crypto-native companies. Visa launched a new Visa Stablecoin Platform...
Samsung Wallet will be expanded to embrace stablecoins, Lee Dinham, product specialist at Samsung, said Wednesday (July 22). Speaking at Samsung’s Galaxy Unpacked event, Dinham said, “This will make Samsung one of the first major mobile brands to bring native stablecoins to a smartphone, enabling...
A collection of crypto and finance companies have launched a bitcoin-focused security initiative. The Bitcoin Security Consortium, announced in a news release Thursday (July 22), is backed by $15 million in pledges for its members, and is designed to promote the long-term security and survival of the...
Cryptocurrency exchange BitMEX has stopped accepting new registrants as it prepares to close its operations. The company, whose founders were the recipients of a White House pardon last year, announced the closure on its website Thursday (July 20), urging customers to withdraw their funds from the platform before the...
The most important line in the Senate’s sprawling 616-page digital asset market structure proposal may be the one that tells Americans what stablecoins are not. They are not deposits. They are not investment products. They are not federally insured. And under the proposed Digital Asset...
Sen. Cynthia Lummis (R-Wyo.) released an amended draft of the Clarity Act on Wednesday (July 22), saying it includes a ban on federal officials issuing or sponsoring digital assets and that she aims to reach a deal with Democratic senators within days. It was reported...
In March, the Federal Reserve Bank of Kansas City approved a limited-purpose account for Payward Financial, which operates as Kraken Financial. The decision was historic:. Kraken, a Wyoming-chartered special purpose depository institution, became the first crypto-focused Tier 3 applicant to break through a Federal Reserve...
Federal authorities hope to recover $25 million in cryptocurrency connected to romance/investment scam investigations. The Justice Department (DOJ) announced Tuesday (July 21) it had filed complaints in federal court seeking forfeiture of more than $25 million in cryptocurrency recovered during separate fraud investigations conducted by...