Cryptocurrency Analysis and News Portal
As the pilot program for China's central bank digital currency (CBDC), the digital yuan, takes off, Chinese business travelers will reportedly be able to pay for flight tickets using the new currency. A collaboration between China Merchants Bank, a commercial banking firm and the Civil Aviation Administration led to the introduction
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United States Senator Jack Reed sponsored a bipartisan bill introduced into the Senate on July 18 that would tighten Know Your Customer and Anti-Money Laundering (KYC/AML) and sanctions requirements for decentralized finance (DeFi). According to a news release on Reed’s website, the bill is titled the Crypto-Asset National Security Enhancement
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Transactional volumes on Dogecoin briefly surpassed Litecoin and Bitcoin earlier this week. Original Source
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"Our partnership with CoinFund creates such a foundational piece of infrastructure to crypto-asset markets," Alan Campbell, president of CryptoX Indices, said in the press release. "Drawing on our experience managing the longest-running and largest benchmarked crypto indices globally, we're excited to launch CESR, a building block for crypto-based finance." Source
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The United States Congress is set to discuss a new bill geared towards providing requirements for payment stablecoin issuers, and research on a digital dollar. The United States Congress is preparing to issue more clarity on digital assets in the stablecoins market. The ballooning stablecoins industry experienced one of the worst
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Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with
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A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its "unworkable" plans to force blockchain miners and validators to do "impossible things" — such as reversing transactions if ordered to do so by a state court.The Senate Bill was quietly introduced into the Illinois legislature
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United States Congressman Ritchie Torres has introduced bills in the House of Representatives to prohibit misuse of customer funds by cryptocurrency exchanges and to require exchanges disclose proof of reserves to the Securities and Exchange Commission (SEC). The short bills are intended to supplement other legislation that is passed on
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There are growing doubts about the regional economic bloc known as the East African Community’s ability to successfully launch a single currency by 2024, a report has said. One of the reasons for this is member states’ delays in meeting targets as set out in the roadmap. Attainment of Single
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Three different bills have been introduced in the U.S. this year to empower the Commodity Futures Trading Commission (CFTC) to be the primary regulator of the crypto spot markets. Lawmakers Want CFTC to Be Primary Regulator of Crypto Spot Markets Three bills have been introduced in Congress so far this year to
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