Category: Cryptocurrencies

New Global Currency Unveiled: The Universal Monetary Unit
16. 4. 2023 No Responses

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy
29. 3. 2023 No Responses

SEC Chair Gary Gensler To Face Congress Grilling Over Crypto Policy

The United States Securities and Exchange Commission (SEC) chief Gary Gensler is set to testify before the House Financial Services Committee for the first time. In an interview, Representative Patrick McHenry, chairman of the Financial Services Committee, co...
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USDC Depegs From $1
11. 3. 2023 No Responses

USDC Depegs From $1

U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 bill...
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The SEC Charges Kraken Over Staking
10. 2. 2023 No Responses

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...
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EU again postpones final vote on crypto-crackdown bill
19. 1. 2023 No Responses

EU again postpones final vote on crypto-crackdown bill

The final vote on the European Union’s (EU) much-awaited set of crypto rules, known as the Markets in Crypto Assets regulation (MiCA), was deferred to April 2023. It marks the second delay in the final vote, which was previously postponed from...
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Russia Close To Legalizing International Trade In Bitcoin, Crypto
23. 12. 2022 No Responses

Russia Close To Legalizing International Trade In Bitcoin, Crypto

Russia’s Congressional finance committee chairman, Anatoly Aksakov, said the country is moving to greenlight international trade in cryptocurrency within the next month, according to a report by national news agency TASS. “In January, we want to legali...
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BIS sets a limit of 2% on crypto reserves among commercial banks
18. 12. 2022 No Responses

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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FTX bankruptcy: $740M in crypto assets recovered
26. 11. 2022 No Responses

FTX bankruptcy: $740M in crypto assets recovered

The company tasked with locking down the assets of the failed cryptocurrency exchange FTX says it has managed to recover and secure $740 million in assets so far, a fraction of the potentially billions of dollars likely missing from the...
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New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test
14. 11. 2022 No Responses

New York Fed And 12 Banking Giants Launch Programmable Digital Dollar Test

Never let a crisis go to waste. With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing...
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WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities
12. 11. 2022 No Responses

WSJ: Caroline Ellison said on the call that FTX used customer money to help Alameda meet its liabilities

Citing ‘people familiar with the video’, the WSJ reports that Alameda employees held a video conference late Wednesday Hong Kong time, in which 27-year-old Alameda CEO Caroline Ellison (also known as @carolinecapital) said that she, Bankman-Fri...
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Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme
10. 11. 2022 No Responses

Sam Bankman-Fried described the crypto sold on FTX as a Ponzi scheme

Inside DeFi ecosystem the source of double-digit yields has long been questioned. Here is transcription of podcast with FTX Chief Executive Officer and crypto billionaire Sam Bankman-Fried and Bloomberg Opinion columnist Matt Levine, to talk about how people ...
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The War On Crypto Privacy Intensifies
22. 10. 2022 No Responses

The War On Crypto Privacy Intensifies

Automatic Reporting of All Trades and Transactions Soon Mandatory. Massive overreach of international regulators to force all service providers in the industry to: Record ALL crypto trades on exchanges, DEFI and DEXs; Record (large) purchases from private wall...
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Russia One Step Closer To Using Crypto In International Trade
28. 9. 2022 No Responses

Russia One Step Closer To Using Crypto In International Trade

The Russian Ministry of Finance and its central bank have agreed on a draft bill allowing bitcoin and cryptocurrency payments for international trade settlements, per a report from Russian news outlet Tass. The bill “as a whole writes out how...
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White House Releases First Ever Comprehensive Crypto Regulatory Framework
16. 9. 2022 No Responses

White House Releases First Ever Comprehensive Crypto Regulatory Framework

Following U.S. President Biden’s executive order, the White House published a framework for CBDC development and draconian regulation of the crypto ecosystem. The White House has published a legal framework for engaging with bitcoin and cryptocurrencies in t...
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CBDCs are a dystopian implementation of money
14. 9. 2022 No Responses

CBDCs are a dystopian implementation of money

Central bank digital currencies (CBDCs) are being actively developed and discussed in many major nations in the world including 19 of the G20 countries, and around 105 others worldwide, as shown by Atlantic Council statistics in 2022. They are being advanced...
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