modernsociety
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1 year ago
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…
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1 year agoProgmat 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…
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1 year agoTrump'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 inc…
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1 year agoHSBC 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 d…
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1 year agoRipple 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 fin…
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1 year agoFederal 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,…
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1 year agoOPNX 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…
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1 year agoChallenges 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…
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1 year agoBinance 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,…
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1 year agoNew 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…
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1 year agoCFTC Reports Surge in Digital Asset Cases, Achieves Record Penalties and Restitution
The Commodity Futures Trading Commission (CFTC) has released its enforcement outcomes for Fiscal Year 2023, revealing a significant increase in digital asset cases. The CFTC’s Division of Enforcement initiated 96 e…
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1 year agoCentral Banks Embrace Digital Age with Central Bank Digital Currencies (CBDCs)
Central banks are being urged to embrace the digital age and take the lead in innovation, according to Agustín Carstens, General Manager of the Bank for International Settlements (BIS). Speaking at a conference in…
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1 year agoRipple Announces Rebrand of RippleNet and Expands Partnership with Onafriq for Enhanced Cross-Border Payments
Ripple, the fintech company, has made major announcements at the Ripple Swell Conference 2023. Firstly, they have rebranded their flagship product RippleNet as Ripple Payments, signaling a strategic shift towards…
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1 year agoHSBC Partners with Ripple-Owned Tech Firm Metaco for New Digital Asset Custody Service
HSBC has announced a partnership with tech firm Metaco to integrate its institutional platform, Harmonize, with HSBC’s new custody service for digital assets. The bank plans to launch this custody service in 2…
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1 year agoCircle Considers IPO as USDC Market Dominance Hits Two-Year Low
Circle, the issuer of the USD Coin (USDC) stablecoin, is reportedly considering an initial public offering (IPO) next year. The company has initiated discussions with advisors to facilitate the IPO process. While…
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1 year agoUAE Regulators Publish New Guidelines for Virtual Asset Service Providers
The Central Bank of the United Arab Emirates (CBUAE) and other regulators in the country have released new guidelines for virtual asset service providers (VASPs) operating in the UAE. These guidelines include…
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1 year agoCircle Considers IPO in 2024, USDC Market Cap Drops 56%
Circle, the issuer of the USD Coin (USDC), is reportedly considering an initial public offering (IPO) in early 2024, according to Bloomberg. While the stablecoin issuer has been in talks with advisers about the…
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1 year agoCircle Internet Financial Considers IPO for Stablecoin USDC
Stablecoin issuer Circle Internet Financial is reportedly considering an initial public offering (IPO) in early 2024. The company, known for issuing the popular USDC stablecoin, has been in discussions with…
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1 year agoCFTC Reports Half of Enforcement Cases in Last Year Involved Digital Assets
The U.S. Commodity Futures Trading Commission (CFTC) has released its enforcement results for the 2023 fiscal year, revealing that nearly half of its enforcement cases involved digital assets. Out of the 96…
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1 year agoRipple CEO Brad Garlinghouse Teases Major Announcements and Heated Discussions at DC Fintech Week
Ripple CEO Brad Garlinghouse has generated excitement among the XRP community by teasing significant announcements and discussions at the upcoming Ripple Swell event. Taking place on November 8th and 9th in Dubai,…
