Introducing CBDC Could Bring Volatility and Household Welfare

• The US Treasury recently conducted a study on CBDCs, and found that its introduction could destabilize the banking sector while potentially increasing household welfare. • Before now, US lawmakers expressed dissatisfaction with developing central bank digital currencies (CBDCs). • The study also revealed that apart from banks’ destabilization and boost in household welfare, introducing […]

Voyager Digital Gets Green Light to Sell Assets

• The US Securities and Exchange Commission (SEC) case against Ripple Labs is still pending a ruling from the judge in charge of the Southern District Court of New York. • Bankrupt crypto lender Voyager Digital recently received approval from bankruptcy judge Michael Wiles to sell its assets and transfer its customers to Binance.US. • […]

FCA Takes Action Against Illegal Crypto ATMs in London

What is Going On? The UK financial watchdog, the Financial Conduct Authority (FCA), has taken legal action against unregulated crypto ATMs in London. The FCA believes that unregistered crypto ATMs are “high risk” and could be used for illicit activities such as money laundering. The FCA is working with law enforcement partners to take action […]

MetaMask SDK Launches in Unity Store, Boosts Shiba Inu Ecosystem

• Exodus wallet suggests potential support for Shiba Inu’s Shibarium layer 2 network. • MetaMask launches SDK in Unity Asset Store that could massively benefit the Shiba Inu ecosystem. • Chief developer of Shiba Inu, Shytoshi Kusama, draws attention to the launch of the MetaMask SDK. Exodus Wallet Checks Shibarium Integration One of the oldest […]

Bitcoin: Central Bank of the Internet?

• Jack Mallers, CEO of BTC payment provider Strike, compares the top cryptocurrency Bitcoin to a central bank. • The first block in the Bitcoin chain, called the Genesis block, contains a newspaper headline from 2008 about banks seeking emergency assistance. • Despite being created in protest to such policies as those implemented by central […]

Crypto Price Crash Looms as DCG Forced to Sell GBTC, ETHE

• Genesis Trading and Digital Currency Group (DCG) have reached an agreement over a debt dispute. • To raise capital to pay creditors, DCG is selling shares in Grayscale Bitcoin (GBTC) and Ethereum (ETHE) Trusts at a discount. • Selling these shares could have a massive impact on the discount to NAV of the trust, […]

FTX Collapse Leads to Heightened Crypto Regulation, Binance Account Blocks

• FTX crypto exchange recently collapsed, leading to intensified regulation of crypto-related activities and platforms like Binance. • Bitzlato is under investigation by the US DoJ for unlicensed money transfers, and Binance is the most significant Bitcoin counterparty. • Customers on Binance have complained about their accounts being blocked without warning. The collapse of the […]

Crypto Ads Must Warn of Risks: South Africa Protects Consumers

• South Africa has mandated new guidelines to protect consumers from unethical advertising related to cryptocurrency products and services. • These guidelines include that crypto adverts must “expressly and clearly state that investments may result in the loss of capital as the value is variable and can go up as well as down”. • Crypto […]