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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Stablecoins, such as USDC, could face a complex situation if a new national defense bill approved by the US Senate becomes law. The 2024 National Defense Authorization Act could introduce new KYC and anti-money laundering requirements
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Central bank digital currencies (CBDCs) may not solve any problems faced today, but could be the answer to ones not even fathomed yet, says the executive spearheading Australia’s CBDC pilot. Dilip Rao, a former Ripple executive who’s now spearheading Australia’s CBDC research project, told Cryptox th a central bank-issued currency
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Siemens Energy CEO Christian Bruch said that “too much had been swept under the carpet” concerning Siemens Gamesa. Shares of Siemens Energy declined 35% earlier today as the company discarded its profit prediction and mentioned lasting wind turbine issues. Following a review of concerns at its subsidiary Siemens Gamesa, the company
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Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT. Binance.US has announced that users can now resume USD withdrawal, as it has solved the problem. The US arm of the world’s largest crypto agency also said that by working with
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Binance head of regional markets outside the US Richard Teng is rumored to be the chosen successor if CEO Zhao relinquishes his position. Reports about a Binance CEO successor are starting to fill the grapevine following the crypto exchange’s regulatory problems. Although there is no official word from Binance or current
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Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our operations or withdrawals as rumored.” The statement comes after numerous Twitter channels had alleged that the exchange was experiencing insolvency due to an alleged connection between it and the cross-chain router
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Ethereum, a smart contracting platform powering decentralized finance (DeFi), non-fungible tokens (NFTs) operations, and more, has a problem that cannot be solely solved by layer-2 scaling platforms, its co-founder Vitalik Buterin recently stated. In a blog, Buterin said though the network is widely used and there are users, it is a challenge
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U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act. Source
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The current environment is the perfect setting for the decentralized financial system to stand out as an alternative to traditional banking, the report said. Source
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Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).These issues could result in the machines overheating and in some cases, completely breaking down.The firm’s mining operations team warned
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