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Day: November 8, 2023

  1. Home
  2. 2023
  3. November
  4. 08
Minnesota Congressman Criticizes SEC Chair’s Approach to Digital Asset Regulation
  • bob
  • 2023-11-08
  • Cryptocurrency Regulations
  • Government Policies and Cryptocurrency Adoption
  • North America
  • Regulatory Developments

Minnesota Congressman Criticizes SEC Chair’s Approach to Digital Asset Regulation

Rep. Tom Emmer (R-MN) delivered a scathing speech on the House floor, criticizing Securities and Exchange Commission (SEC) Chair Gary Gensler for his handling of digital asset regulation. Emmer accused Gensler of being ineffective and incompetent, pointing out that the SEC has pursued enforcement actions against the digital asset industry without finalizing any rules or […]

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Progmat Coin and MUFG Collaborate to Launch Stablecoins in Japan
  • bob
  • 2023-11-08
  • Asia
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Progmat Coin and MUFG Collaborate to Launch Stablecoins in Japan

The Progmat Coin ecosystem is making progress in Japan, with the aim of launching two stablecoins in the summer of 2024. Progmat, along with Mitsubishi UFJ Financial Group (MUFG) and wallet provider Ginco, is conducting a study to issue a yen-denominated stablecoin (XJPY) and a dollar-denominated stablecoin (XUSD). This initiative is expected to improve the […]

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Trump’s Cryptocurrency Holdings Surge Amidst Political Landscape Shift
  • bob
  • 2023-11-08
  • Cryptocurrency Market Analysis
  • Financial Scams and Security
  • Government Policies and Cryptocurrency Adoption
  • North America

Trump’s Cryptocurrency Holdings Surge Amidst Political Landscape Shift

Former US President Donald Trump’s cryptocurrency holdings have experienced a significant surge in value, according to recent disclosures. Trump’s wallet, previously estimated at $2.8 million, has seen an increase of over $15,000 in the last 24 hours due to Bitcoin’s recent rally. This surge not only highlights the growing importance of digital assets but also […]

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HSBC to Offer Digital Asset Custody Services in Collaboration with Ripple-Owned Metaco
  • bob
  • 2023-11-08
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups
  • World

HSBC to Offer Digital Asset Custody Services in Collaboration with Ripple-Owned Metaco

HSBC Holdings Plc, one of the world’s largest banks, is making a strategic move in the financial industry by offering custody services for digital assets to institutional clients. In collaboration with Metaco, a decentralized finance firm owned by Ripple, HSBC plans to provide secure and efficient management of digital assets. This move is in response […]

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Ripple Expands Global Payment Network, Adding $2B to XRP Market Cap
  • bob
  • 2023-11-08
  • Africa
  • Company News
  • Cryptocurrency Innovations
  • Fintech and Blockchain Startups

Ripple Expands Global Payment Network, Adding $2B to XRP Market Cap

XRP’s market capitalization has increased by over $2 billion following Ripple’s expansion of its global payments network into three new corridors. The San Francisco-based firm has partnered with payments fintech company Onfariq to open routes connecting Africa, the UK, Australia, and Gulf Cooperation Council (GCC) countries. This partnership aims to eliminate traditional problems associated with […]

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Federal Reserve Calls for Robust Regulation of Stablecoins to Safeguard Financial Stability
  • bob
  • 2023-11-08
  • Central Bank Actions
  • Cryptocurrency Regulations
  • North America
  • Regulatory Developments

Federal Reserve Calls for Robust Regulation of Stablecoins to Safeguard Financial Stability

The United States Federal Reserve has recently increased its scrutiny of stablecoins, citing concerns that private entities are creating private money that could pose risks to the financial system. Michael Barr, the vice chair of the Federal Reserve for Supervision, has called for a robust federal framework to regulate stablecoins, particularly those linked to fiat […]

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OPNX Obtains Virtual Asset License for EU Operations, Expands Crypto Exchange Services
  • bob
  • 2023-11-08
  • Cryptocurrency Exchanges
  • Cryptocurrency Regulations
  • Europe
  • Regulatory Developments

OPNX Obtains Virtual Asset License for EU Operations, Expands Crypto Exchange Services

OPNX, the cryptocurrency exchange founded by Kyle Davies and Su Zhu, has obtained a virtual asset service provider (VASP) license from Lithuania. This license allows OPNX to offer spot crypto exchange services throughout the European Union. The exchange has emphasized its commitment to high standards of compliance and security, implementing a robust Know Your Customer […]

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Challenges Persist: Swiss Labor Market Faces Low Wages and Skill Shortages
  • bob
  • 2023-11-08
  • Europe
  • Macro-economic Trends
  • Market Analysis and Predictions

Challenges Persist: Swiss Labor Market Faces Low Wages and Skill Shortages

The Swiss labor market is grappling with stagnant wages and a scarcity of skilled workers. Despite concerns from Swiss companies about a lack of workforce, wages have remained stagnant for an extended period. This goes against the principles of supply and demand, which suggest that limited resources should command higher prices. However, a recent UBS […]

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Binance Launches Self-Custody Web3 Wallet, Competes with TrustWallet
  • bob
  • 2023-11-08
  • Company News
  • Cryptocurrency Exchanges
  • Cryptocurrency Innovations
  • World

Binance Launches Self-Custody Web3 Wallet, Competes with TrustWallet

Binance, a leading cryptocurrency exchange, has recently launched a new self-custody Web3 wallet. This wallet allows users to easily interact with the decentralized finance (DeFi) ecosystem. To create a wallet, users are required to use the Binance app, which also serves as a platform for various activities such as staking, lending, and borrowing. One notable […]

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New Liquidity Guidelines Proposed for Stablecoin Issuers by European Banking Authority
  • bob
  • 2023-11-08
  • Cryptocurrency Regulations
  • Europe
  • Market Analysis and Predictions
  • Regulatory Developments

New Liquidity Guidelines Proposed for Stablecoin Issuers by European Banking Authority

The European Banking Authority (EBA) has proposed new guidelines for stablecoin issuers in the European Union (EU). The aim of these guidelines is to ensure that stablecoins can be quickly redeemed, even in turbulent market conditions, to prevent bank runs and contagion during a crisis. Under the proposed rules, stablecoin issuers must offer fully redeemable […]

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