The Laotian central bank and the Soramitsu firm signed an MOU to launch the project to expand financial inclusivity and provide sellers with faster settlement.
- News
Laotian CBDC proof of concept project to launch using system pioneered in Cambodia - News
ConsenSys releases statement of support for continuation of the Jarrett tax case The court dismissed the Jarretts’ case over the taxation of staking rewards after the IRS issued the refund the couple sought; not good enough, they said.
- News
Binance to temporarily suspend bank transfers in US dollars beginning Feb. 8 The announcement came with just two days’ notice, but it does not apply to Binance.US users, so only 0.01% of active users will be affected.
- News
Bank of Italy selectively encouraging DLT, preparing for MiCA, governor says Italian central banker Ignazio Visco talked about fostering or discouraging crypto assets during a lengthy speech to the Italian financial markets association.
- News
Kazakhstan’s digital currency in pilot stage, per Binance, national bank joint report The Central Asian country’s CBDC project is right on time, according to a 2020 roadmap, as consumers and merchants use the currency in a controlled environment.
- News
Crypto-related enforcement actions by US states rose sharply in 2022: Report There were almost twice as many state actions as federal in 2022, although both the feds and the states broke previous record by significant margins.
- News
Judge dismisses proposed class-action suit alleging Coinbase securities sales The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
- News
Court permits Core Scientific to borrow $70M to replace existing loan Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11.
- News
Examiner finds customer deception, ‘very Ponzi-like’ use of funds at Celsius The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding.
- News
Osprey sues Grayscale for misrepresenting likelihood of GBTC ETF approval Osprey alleges its only competitor on the BTC OTC trust asset market gained its 99.5% market share by misrepresenting the likelihood of its trust becoming an ETF.
- News
Montenegro’s central bank teams up with Ripple on digital currency pilot project Montenegro’s prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of its own national currency.
- News
White House cryptocurrency ‘roadmap’ recommends against pension funds The Biden administration touted its comprehensive framework and encouraged regulators and Congress to tighten the screws on crypto in a new statement.
- News
Fed policy to align bank oversight could limit crypto activities by state banks The new policy would align the allowable activities for insured and uninsured state banks and OCC-supervised national banks by making rules for state banks more restrictive.
- News
New Ripple president says her job is to continue to scale amid crypto winter Veteran Ripple executive and former general manager Monica Long said the company has seen record growth in recent months despite the crypto winter.
- News
Fed denies Custodia Bank application to join the Federal Reserve System The bank applied for the application in 2019 and sued the Fed in an attempt to speed up the decision.
- News
Sens. Warren, Wyden question quality of auditors’ oversight in light of FTX debacle The senators co-authored a letter to the Public Company Accounting Oversight Board chair asking how FTX and other crypto firms were audited and why the audits failed so badly.
- News
Polkadot restates its case that DOT has ‘morphed’ away from security status The Web3 Foundation has reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.
- News
White House science office calls for comments on its digital asset research agenda The office’s request for information is the latest piece in the massive research agenda in President Biden’s executive order on digital asset development.
- News
Crypto tracker picks up trail of funds heisted from Harmony Bridge in June The crypto detectives traced funds stolen by North Korean Lazarus Group through two mixers and various networks to identify 350 addresses where the funds remain today.
- News
ECB executive board member outlines plans for digital euro to European Parliament ECB board member Fabio Panetta affirms the ECB’s digital euro privacy policy and says the digital currency will never be programmable, but it may have an app.
- News
Stellar joins CFTC’s Global Markets Advisory Committee as one of four crypto orgs Stellar chief operating officer Jason Chlipala said the foundation would bring the unique perspective of Layer 1 to the committee and highlight stablecoin use cases.
- News
BIS proposes research model to study DeFi’s integration with TradFi and its risks Bank for International Settlements researchers admired DeFi’s “competitive financial engineering” and made some highly technical aspects of DeFi somewhat more accessible.
- News
Digital Dollar Project urges US to take action on CBDC development The foundation set up by “Crypto Dad” Christopher Giancarlo released a new version of its CBDC white paper with new warnings about maintaining U.S. leadership.
- News
Bitzlato kept a low profile, but did not go entirely unnoticed before DOJ action The Hong Kong crypto exchange with strong ties to Russia was a blip on Chainalysis’ radar last year, with its takedown seen as anticlimactic by many in the crypto community.
- News
WEF publishes new in-depth guide to DAOs to air issues, encourage development The World Economic Forum’s “Decentralized Autonomous Organization Toolkit” is the fruit of the labor of over 100 experts in a concise discussion format.
- News
EU finance ministers’ group releases statement on political aspects of digital euro The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.
- News
3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange According to the project’s pitch deck, the company intends to launch as soon as possible and estimates the claims market to be worth around $20 billion.
- News
Grayscale files brief in ETF suit against SEC, oral arguments may come within months Grayscale appealed the SEC’s denial of its application to create a spot BTC ETF in June; the case “is moving swiftly,” according to the Grayscale chief legal officer.
- News
MIT, Maiden Labs examine CBDC inclusiveness issues in report from 4 countries The report concentrates on real-world research from low- and middle-income countries and untangles questions of inclusiveness, trust and functionality.
- News
BIS economists suggest improving TradFi with CBDC to attract users away from crypto The latest Bank of International Settlements bulletin looks at ways to mitigate the risks of crypto assets and suggests traditional finance could get its house in better order too.