When a federal court in Wyoming rejected requests to dismiss filed by the Federal Reserve and the Federal Reserve Bank of Kansas City, Custodia Bank gained ground in its legal struggle against the Fed. In June of 2022, the digital asset bank filed a lawsuit against the Federal Reserve over
Recent reports show high-profile financial commentators express their contempt over Securities and Exchange Commission (SEC) Chief Gary Gensler’s policies. Scott Melker, also known as “The Wolf Of All Streets,” voiced his anger on social media. He termed Gensler’s approach as “absolutely disgraceful.” Consequently, the hashtag “#FireGaryGensler” is now making rounds
The Hong Kong Monetary Authority (HKMA) said on Friday (June 9) that it would begin building a central bank digital currency (CBDC) for use in retail transactions in the coming months. The Hong Kong Monetary Authority (HKMA) has reportedly been studying the feasibility of creating a digital Hong Kong dollar
USDC, the leading stablecoin issued by Circle, has made a significant breakthrough by becoming available natively on Arbitrum, a prominent layer 2 scaling solution for Ethereum. This development eliminates the need for bridging and offers developers and users seamless access to USDC on the Arbitrum network. 1/ Launch alert 🚨
Expand is the latest project to emerge from Cumberland Labs, a DRW- and Cumberland-backed Web3 incubator. SINGAPORE–(BUSINESS WIRE)–Expand.network today announces its official launch for public use. The world’s first API service to offer both read and write connectivity to all major public blockchains and DeFi protocols promises to save time
After the SEC’s assault on Binance and Coinbase, the publicly traded commission-free investing platform Robinhood is evaluating its cryptocurrency offerings. On Tuesday, June 6th, Robinhood’s head of law, Dan Gallagher, appraised Congress on the current position. Former SEC Commissioner and recent witness before the House Agriculture Committee on digital assets,
Due to rising concerns about the potential involvement of Genesis’ parent firm Digital Currency Group (DCG) in the lender’s reorganization, U.S. Bankruptcy Court Judge Sean Lane prolonged a mediation session between Genesis and its creditors during a Monday bankruptcy hearing. The original end date for the mediation session of May
Recognition marks formal steps Aquanow is taking as it prepares to offer its full-suite of digital asset services in Dubai DUBAI, United Arab Emirates–(BUSINESS WIRE)–Aquanow, a leading digital assets infrastructure provider, announced today that it has received initial approval from Dubai’s Virtual Asset Regulatory Authority (VARA), while it undertakes the
To better serve its customers, Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has obtained a payment institution license from the country’s central bank. Mercado Bitcoin now has the legal authority to provide its MB Pay fintech solution, which will include a crypto payments card and other digital banking features. The Central
Banks grapple with integrating these digital assets into their financial systems as cryptocurrencies continue to captivate consumers, investors, and financial institutions with their decentralized nature and the promise of greater economic freedom. While the allure of lower-cost transaction processing and increased efficiency is undeniable, compliance and regulation concerns have surfaced,
