(source: en.wikipedia.org)
New York and Wyoming agreed to coordinate their oversight of entities engaged in virtual currency and digital asset activities in the two states, according to a Thursday (Oct. 1) press release. The agreement was established by a memorandum of understanding (MOU) signed by the New...
European regulators are reportedly investigating Binance’s use of a legal exemption to keep doing business in the region. That’s according to a report Thursday (Oct. 1) by the Financial Times (FT), which says this exemption has allowed the world’s latest cryptocurrency exchange to remain in Europe despite being...
The first stablecoin race was straightforward. Accumulate supply. Customers exchanged dollars for tokens, the issuer invested the corresponding reserves primarily in highly liquid assets, and the interest generated on those reserves became revenue. Scale the circulating supply into the tens of billions of dollars, and...
The Open USD (OUSD) stablecoin is live, OUSD creator Open Standard said in a Wednesday (Sept. 30) blog post. Businesses can get started with OUSD through four integration paths, including Stripe, Coinbase, Mastercardand Visa, according to the post. “Each integration path offers APIs and tools...
The United Kingdom’s Financial Conduct Authority has begun accepting applications from crypto firms that want to be brought into full FCA regulation when the country’s new crypto framework comes into effect next year, the regulator said in a Wednesday (Sept. 30) press release. Cryptocurrency firms...
Brazilian financial market infrastructure firm CSD BR partnered with blockchain solution provider Ripple to use the XRP Ledger blockchain as an additional layer for recording and auditing financial assets, Ripple said in a Tuesday (Jan. 29) press release. The project marks the first phase of...
Outgoing Securities and Exchange Commission (SEC) Commissioner Hester Peirce believes that as people get used to using cryptocurrencies under newly implemented rules, it will be harder to take those technologies away from them in the future, she told The Block in an interview posted Monday...
Bitget has recorded around $463 million in net outflows after suffering this year’s worst cryptocurrency hack. The outflows happened in the 24 hours leading into Tuesday (Sept. 29), Bloomberg News reported, saying this surge happened when Bitget began restoring withdrawals. It represents the largest one-day outflow since...
The first comment period on the Office of the Comptroller of the Currency’s proposed application forms for payment stablecoin issuers closed Friday (Sept. 25), with banks asking the regulator to put more emphasis on the risk controls of nonbank applicants. The July 27 OCC notice...