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Hardware wallet manufacturer Ledger has integrated its Ledger Live software with PayPal, according to an Aug. 16 joint announcement by the two companies. The integration allows U.S. residents with verified PayPal accounts to buy Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) directly through Ledger Live with no
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“I have been vocal about the benefits of bringing appropriate crypto activities into the regulated space in order to protect customers, but in a way that supports oversight, accountability, transparency, and risk management,” CFTC Commissioner Christy Goldsmith Romero said at the time. Source
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The report makes no new policy, and it adds to the consistent view from U.S. banking agencies – including the Office of the Comptroller of the Currency and the Federal Reserve – that banks should mostly keep their distance from digital assets, unless their federal regulators are comfortable with the
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"29 quantified the revenue opportunity, 36 quantified a cost or productivity gain, 12 discussed customer service and in-housing as the lowest hanging fruit, 8 saw efficiency and in-housing of creative advertising, 82 other comments referred qualitatively to revenue or cost gains," analysts led by Edward Stanley wrote. Source
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U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday. Original Source
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To combat galloping inflation early in 2022, the U.S. Federal Reserve began what's now become an historic run of monetary tightening, raising its benchmark fed funds rate target more than 500 basis points over the past 17 months. The most recent rate hike was at the Fed's last policy meeting
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Demand for blockchain-based T-bill offerings has been steadily rising as the yield on U.S. government debt, widely considered as risk-free, surpassed yields in decentralized finance (DeFi). Digital asset firms, crypto investment funds and protocol treasuries often hold substantial amount of cash in stablecoins. Tokenized Treasuries offer them a shield from
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The move announced Tuesday doesn’t change any rules for crypto banking, just defines how the central bank intends to handle its oversight, putting dealings with the crypto sector under the new “novel activities supervision program” in which the Fed’s specialized experts in digital assets will work alongside the regulator’s regular
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Congress, Not the SEC, Should Set U.S. Digital Asset Policy Source
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The unemployment rate TKTK to 3.X% versus estimates for 3.6%. Original Source
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