Singapore MAS Works With New York Fed To Explore CBDCs
The collaborative effort of MAS and NYIC aims to evaluate the potential use of wholesale CBDCs in international trade. A joint experiment with wholesale central bank digital currencies will be launched by the Monetary Authority of Singapore (MAS) and the New York Innovation Center (NYIC) of the Federal Reserve Bank of New York. The potential […]
New York Governor is yet to officially sign Bitcoin mining ban bill
Kathy Hochul, the Governor of New York, is yet to officially commit to signing the controversial Proof-of-Work (PoW) Bitcoin mining ban law, she says her team will be looking at all the bills very closely. PoW crypto mining operations fueled by fossil fuels would no longer be able to set up shop or renew existing […]
New York Mayor criticizes state BitLicense scheme
During an interview session at a London crypto conference, Mayor Eric Adams of New York City has criticized his state’s BitLicensing system, alleging that it stifles innovation and economic progress. Adams advised his state legislature peers in Albany “listen to those who are in the field” in a closing keynote interview at the Crypto and […]
Viral Shiba Inu Times Square Ad Is Scam
The viral Shiba Inu Times Square ad was a hoax, according to Silvercast Media, a New York-based advertising business. It’s merely a depiction of the media company’s stunning billboard in the centre of Manhattan, according to the company. The screen spans a city block on Broadway between 45th and 46th Streets, attracting 1.5 million daily […]
NYAG directs 2 crypto firms to shut down while investigating 3 others
The New York Attorney General’s (NYAG) office has accused two unnamed crypto lending platforms in the state of engaging in illegal activities and has demanded three others to give information about their operations. The New York Attorney General’s office announced on Monday that it has ordered two crypto lending platforms — the identities of which […]