The acquisition will enable Nexo to offer bank accounts, asset-backed loans, card programs, and escrow and custodial solutions to its users in the U.S.
Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.
Harrison said he is moving into an advisory role while transferring his duties over the next few month.
FTX will acquire bankrupt Voyager's digital assets and enable Voyager's customers to resume trading and store their crypto holdings on the FTX platform after the conclusion of Voyager's bankruptcy process.
The state financial regulators stated they were increasing regulatory scrutiny "against interest-bearing cryptocurrency accounts.”
The ATOM team announced the reveal of the ATOM 2.0 update to take place on Sept. 26, Cosmos' connection to other chains via Komodo's AtomicDEX integration and much more in this edition of CryptoSlate Wrapped Daily.
Interpol has issued a red warrant for Do Kwon following South Korea's request, obligating law enforcement worldwide to locate and arrest him.
A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.
Bitcoin mining firm Compute North files for chapter 11 bankruptcy, CFTC fines bZeroX for $250K while filing a lawsuit against its successor Ooki DAO, and much more in this edition of CryptoSlate Wrapped Daily.
