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Congressional Members to Hold Discussions with Coinbase CEO on Cryptocurrency Le...
Brian Armstrong, CEO of Coinbase, the leading cryptocurrency exchange in the United States, is scheduled to meet with members of Congress to discuss legislation concerning digital assets and other related matters.According to a Bloomberg report on July 17th, Armstrong has a meeting planned with the ...
crypto (NFT)
Lack of Insurance Leaves BlockFi's $227 Million Fund with Silicon Valley Bank Vu...
Defunct cryptocurrency lender BlockFi has $227 million worth of uninsured funds allocated to a money market mutual fund (MMMF) offered by troubled Silicon Valley Bank (SVB). SVB one of the largest banks in the United States and a key partner of venture-backed companies, was shut down by the Cal...
crypto (NFT)
USDC Loses Parity as Circle's Exposure to Silicon Valley Bank is Revealed
Cryptocurrency investors have rushed to redeem their holdings of USD Coin (USDC) after its issuer, Circle, revealed that it had $3.3 billion of its reserves in Silicon Valley Bank (SVB). Concerns over the USDC reserves arose after US regulators took control of the bank. The stablecoin issuer confirm...
crypto (NFT)
Asset Tokenization The Future of Investing in 2023
The tokenization of real world assets - RWA will be one of the main areas of growth in 2023. Analytics company CoinMetrics highlighted the growth areas of the cryptocurrency industry in 2023. It cited RWA tokenization as one of those growth sectors. The process involves representing physic...
crypto (NFT)
Uniswap will allow users to buy cryptocurrencies with debit and credit cards
Uniswap shared that its users will now be able to convert fiat to mainnet cryptocurrencies from Ethereum, Polygon, Optimism and Artibrum in a matter of minutes.The bank transfer option is rolling out to users in most US states, Brazil, the UK, and the Single European Payments Arena, also known as SE...
crypto (NFT)
New York State Releases Guidance for Banks Wanting to Do Cryptocurrency Business
The New York State Department of Financial Services - DFS published guidance on December 15 for regulated banks wishing to conduct virtual currency activities.Alameda Tried to Redeem 3,000 wBTC Days Before Its Bankruptcy, BitGo CEO SaysThe guidance, which went into effect immediately, outlines the a...
crypto (NFT)
Sam Bankman-Fried's Parents No Longer Listed at Stanford Law School
SBF's father, Bankman, had to cancel his winter session course on tax policy, which according to The Standford Daily, was at a time when the family was accused of acquiring a $16.4 million vacation home owned by FTX earlier of the collapse of the cryptocurrency exchange.He came full circle when his ...
crypto (NFT)
The Netherlands is the most crypto obsessed country in the world
Netherlands 1,445,150 searches per month - 8% of the populationThe Netherlands was found to have the highest percentage of cryptocurrency seekers overall.They analyzed the combined number of searches for these cryptocurrencies as a percentage of each country's population size, to calculate the propo...
crypto (NFT)
USDC Circle issuer completes SPAC merger with Concord
The deal was announced in July 2021 at a preliminary valuation of $4.5bn and then amended in February 2022, when Circle's valuation skyrocketed to $9bn. USDC is currently the second largest stablecoin in circulation, with a market capitalization of $43 billion.Concord had until December 10 to consum...
crypto (NFT)
Problems in the Bahamas after the collapse of FTX
Following the collapse of cryptocurrency exchange FTX, which was based in the island nation of the Bahamas, locals are apparently still trying to find a way to make sense of it all while remaining optimistic about the future.The island country - which encouraged cryptocurrency firms to feel at home ...
crypto (NFT)
Russia Intends To Launch A National Cryptocurrency Exchange
Russian lawmakers are working on amendments to launch a national cryptocurrency exchange.This effort is supported by both the Ministry of Finance and the Central Bank of Russia, which have a long history of disagreement over the regulation of cryptocurrencies in the country.Members of the lower hous...
crypto (NFT)
Swiss Financial Regulator Expands Reporting Requirements for Cryptocurrency Tran...
The Swiss financial regulator said it would apply a threshold of 1,000 Swiss francs - roughly $997 at press time - for virtual currency transactions in cash or other anonymous means of payment.According to FINMA, the regulator made the adjustment in accordance with the country's Anti-Money Launderin...
crypto (NFT)
