Elon Musk Rebrands Twitter Platform to X
Elon Musk has officially rebranded the social media platform Twitter to X. The rebranding saw the platform substitute its recognizable bird logo with a simple X. As part of the rebranding, Twitter’s URL has been changed to “x.com.” the domain name associated with Musk’s 1999-founded financial services startup that was sold to PayPal now redirects […]
FSC Chairman Seeks Regulatory Clarity for Crypto, Stablecoin
Patrick McHenry, chairman of the US House Financial Services Committee (FSC), announced a handful of bills, including three that seek regulatory clarity for the digital asset ecosystem: crypto, blockchain development, and stablecoin payments. On July 26, the Committee on Financial Services will markup, among other bills, H.R. 4763, the Financial Innovation and Technology for the […]
US DoJ Accuses SBF of Exposing Private Diary of Witness
The United States Department of Justice (DoJ) filed a complaint against FTX founder Sam Bankman-Fried (SBF), accusing him of disclosing the private documents of its witness Caroline Ellison, a former business associate and romantic partner. In a new complaint filed on July 20, the Department of Justice accused Bankman-Fried of attempting to obstruct justice by […]
US DOJ Doubles Effort to Target Crypto Ransomware Crimes
The United States Department of Justice (DoJ) has announced that it will double the size of its 2021-established crypto crime team by merging it with the Computer Crime and Intellectual Property Section. The Department of Justice published Nicole Argentieri’s remarks at the Center for Strategic and International Studies on July 20. In her address, Argentieri […]
China Introduces Digital Yuan to Chinese Business Air Travel
Upon launching the pilot program for China’s central bank digital currency (CBDC), the digital yuan, Chinese business travelers will purportedly be able to purchase airline tickets with the new digital currency. China’s civil aviation news agency reported that a collaboration between China Merchants Bank, a commercial bank, and the Civil Aviation Administration resulted in the […]