Category Archive: Cryptocurrency, No picture
US House Committee Moves Forward on Legislation Covering Stablecoins, Digital Assets and More
The House Financial Services Committee has approved seven pieces of legislation, signaling a major revamp in how digital assets, ESG impacts and small business lending data collection are regulated in the United States. The approved Clarity for Payment Stablecoins Act (H.R. 4766) is set to provide a regulatory roadmap for stablecoin issuers and incorporate significant […]
Cryptocurrency Entrepreneur Fernando Pérez Algaba Found Dead in Argentina
Argentine authorities have launched an investigation into the death of Fernando Pérez Algaba, a millionaire entrepreneur and crypto influencer, following the discovery of his dismembered body in Buenos Aires Province, Argentinan news site El Pais, reported. Algaba, a Spainiard who had an extensive following of 900,000 on Instagram, had been residing in Argentina for a […]
Crypto.com Secures Regulatory Approval from the Dutch Central Bank
Crypto.com, a leading cryptocurrency platform, has received registration approval from De Nederlandsche Bank (DNB), the Netherlands’ central bank. This approval comes in line with the country’s Money Laundering and Terrorist Financing (Prevention) Act (Wwft), following a rigorous review of Crypto.com’s business and compliance procedures. This approval gives Crypto.com the official nod to operate as a […]
Nexo Joins ACSS to Boost Crypto Compliance Standards
Nexo, a digital assets institution, is improving its position in the crypto industry through a new partnership with the Association of Certified Sanctions Specialists (ACSS), revealing a strong commitment to improving regulatory compliance standards. Proud to announce our partnership with the Association of Certified Sanctions Specialists. Harnessing the expansive databases, meticulous training resources, and far-reaching […]
PancakeSwap Sweetens Network with zkSync Era Launch
Decentralized exchange PancakeSwap is leveraging zkSync’s layer 2 solution to deliver increased scalability and efficiency, making a notable stride for the mass adoption of DeFi, according to a press release sent to Crypto Briefing. This integration with zkSync, powered by ZK-rollup technology, offers users faster transaction speeds and substantially reduced gas fees, making PancakeSwap an […]
Coinbase CEO Says Vote ‘Yes’ for Crypto Regulatory Bills: FIT2, Blockchain Certainty Act
Coinbase’s chief, Brian Armstrong, is using his platform to encourage American citizens to endorse the proposed crypto regulatory bills – the Financial Innovation and Technology for the 21 Century Act (FIT21) and the Blockchain Regulatory Certainty Act. Armstrong urged the public to reach out to their representatives to vote favorably on FIT21. Important action you […]
Polygon, Cetif Team Up with Bank of Italy to Explore Tokenized Assets
Milano Hub, the Bank of Italy’s Innovation Centre, has teamed up with Cetif Advisory and Polygon Labs on a project called “Institutional DeFi for Security Token Ecosystem” to explore opportunities within the DeFi space, focusing on security tokens. Milano Hub, @bancaditalia’s Innovation Centre, has selected ‘Institutional DeFi for a Security Token Ecosystem Project’ to research […]
Binance Redraws European Map Amid Regulatory Challenges
Binance, a global crypto exchange, is readjusting its European footprint in response to regulatory pressures. The company has recently withdrawn from Germany, the Netherlands, and Cyprus — as well as Belgium — due to evolving regulatory landscapes and an ongoing aim to comply with the forthcoming European digital assets rule, Markets in Crypto-Assets. A spokesperson […]
Chainlink’s Low-Latency Oracle: An Answer to DeFi Derivatives’ Challenges
Chainlink, a decentralized blockchain oracle, is set to change the DeFi derivatives market with its low-latency oracle solution. The new technology works to mitigate the key challenges faced by the DeFi sector, particularly data latency, lack of pre-settlement data privacy and hefty maintenance costs. As a generalized Web3 services platform, the Chainlink Network supports both […]
‘I Feel God in This Crypto Scam Tonight:’ CFTC Charges Couple for $6M Scam
The U.S. Commodity Futures Trading Commission on July 25 accused Michael and Amanda Griffis of Clarksville, Tennesse, of allegedly defrauding more than 100 individuals through a cryptocurrency scheme, netting over $6 million, according to the file. The Griffises, real estate entrepreneurs, allegedly encouraged victims to join a commodity pool dubbed “Blessings of God Thru Crypto,” […]
