Tether reducing commercial paper holdings down to $3.5 billion by end-July
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
Solana token holders can now earn staking rewards on Coinbase
Through Coinbase's staking service, Solana token holders will be able to earn rewards, being able to opt out of the service anytime
E.U. moves further in its crypto regulation
The TOFR rules introduces mandatory KYC rules for crypto-asset service providers. E.U. lawmakers say TOFR will end the "unregulated crypto wild west."
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
FTX debunks rumors of M&A conversations with Robinhood
Crypto exchange FTX denied a Bloomberg News report that claimed the company was in discussions with Robinhood but had yet to make an offer.
Banxa to layoff 30% of workforce to shelter the “crypto winter”
Terming the move "measures of a response management" Banxa joins the list of companies laying off part of its workforce in this current "crypto winter" to save over $10 million per year.
France facing backlash for Binance regulatory approval, French MEP called the move “surprising and worrying”
French MEP Aurore Lalucq appealed to the French market regulator to review its decision to approve Binance's operations in France
Harmony announces a $1 million bounty for Horizon bridge stolen funds recovery
The network in addition to the bounty promised to advocate for no criminal charges against the hacker. What are the chances of the recovery?
NHL enters the NFT space partnering with Marketplace Sweet
The NHL partnership with Sweet will offer a variety of digital collectible experiences to its fans, tradable in the marketplace
What Lido staking dominance may mean for Ethereum’s future
The Ethereum community has raised fears of lido staking dominance leading to centralization. What does that mean for ETH 2.0?
Coinbase introduces KYC rules for its Netherland users to comply with local legislation
The rule will require users to provide information of recipients when making transfers to wallets off Coinbase.
Conservative MP Matt Hancock advocates for “attractive” tax and regulatory regimes in the U.K.
The Conservative MP Matt Hancock stated that the UK needs to be more liberal in its approach to crypto regulation.
Experts say the crypto downturn shouldn’t affect the U.S economy
The massive crypto sell-off has sparked fears of a recession in the broader economy. Experts say the losses are too insignificant, and its influence is too little to cause this.
Chainalysis unveils a 24/7 hotline for victims of cryptocurrency crimes
Chainalysis response service will match crypto crime victims with a team of investigative experts to trace the funds and attempt their recovery.
eBay acquires KnownOrigin marketplace, expanding NFT business
KnownOrigin said it believes the acquisition would "help bring even more creators and collectors into the space."
The U.K makes a turnaround on KYC rule
The new rule only requires crypto insitution facilitating the transaction to collect personal data on transactions to unhosted or private wallets.