U.S. Treasury Secretary urges regulators to “act quickly” to deal with stablecoins
A meeting with the President’s Working Group on Financial Markets was held in which U.S. Treasury Secretary Janet Yellen discussed the use of stablecoins. The US Treasury Secretary met with members of the President’s Working Group on Financial Markets and representatives from numerous US financial institutions to address the risks posed by the expanding stablecoin […]
Bank of Korea selects GroundX for their digital currency project
The Bank of Korea has selected Kakao’s blockchain arm to conduct digital won trials. Additionally, ConsenSys, a major Ethereum software startup , will contribute its technology to CBDC simulations in South Korea, which will be conducted by Ground X. In order to support its digital currency experiments, the South Korean central bank has selected a […]
Bitcoin: Sydney-based mining firm to raise $200M ahead of Nasdaq IPO
According to reports, an Australian Bitcoin miner is raising funds in preparation for the United States’ tech-focused exchange. It has been claimed that Iris Energy, a Sydney-based Bitcoin (BTC) mining company that invests in data centres powered by renewable energy sources, seeks to raise more money ahead of its anticipated Nasdaq IPO. According to Bloomberg, […]
New Jersey securities regulators order BlockFi to cease onboarding activities
New Jersey securities regulators have accused BlockFi CEO Zack Prince of marketing unlicensed securities to the general public, Prince however denied the allegations. According to the New Jersey Bureau of Securities, BlockFi , a centralised crypto lending firm, has been issued a cease and desist order, which prevents the company from onboarding new interest account […]
RACIB’s new project plans to transfer global crypto miners to Russia
Russian crypto enthusiasts have already formed a coalition with some of China’s major cryptocurrency mining companies. In response to China’s crypto mining crackdown, a major cryptocurrency and blockchain organisation in Russia is launching an initiative to bring worldwide crypto mining companies to the nation. The Russian Association of Cryptoeconomics, Artificial Intelligence, and Blockchain, or RACIB, […]