Chips Act creates White House blockchain specialist post
Darren Soto’s idea to establish a post to advise the president on blockchain was also put into the $280 billion package, which benefits the semiconductor sector. The Chips and Science Act was approved by the US House of Representatives on Thursday with a vote of 243 to 187. The legislation, which was submitted to the […]
Non-bank deposits, including crypto businesses, aren’t FDIC insured
FDIC claimed that while deposits at banks with insurance were protected up to $250,000, there was no equivalent protection for deposits made with cryptocurrency businesses. The Federal Deposit Insurance Corporation (FDIC) of the United States has released a statement warning the public that it “does not protect assets created by non-bank businesses, such as cryptocurrency […]
Soccer team in Argentina signs its first crypto player despite recession
The economic limits in Argentina have permeated the sports world, as seen by the first local football player to be signed using crypto, which made national news. The likelihood that Argentina footballers will be recruited by foreign teams decreases as the difference in currency rates between the US dollar and Argentinean pesos widens. Depending on […]
Dubai grants first MVP license to FTX subsidiary FZE
The first Minimal Viable Product (MVP) license for Dubai was given to FZE on Friday, enabling full operation of the exchange in the area. The operational license was granted to FZE by Dubai’s Virtual Asset Regulatory Authority (VARA) under the MVP program, which is, in the words of Helal Saeed Almarri, director general of the […]