The Bank for International Settlements (BIS) wants to create a set of standards for the stablecoin industry that will cover payments, clearings, and settlements. In a report released today and shared with Cryptonews.com, the BIS’ Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (IOSCO) outlined their “final guidance” on “stablecoin…
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Crypto exchange BitMEX said it has postponed the listing of its native token BMEX due to unfavorable market conditions. In a recent blog post, the exchange said although they are ready to list BMEX, the current market conditions “are not ideal.” When asked about when the coin might eventually be listed on its spot exchange,…
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South Korea’s central Bank of Korea (BOK) says it is now ready to commence “real-world” testing for its prototype digital won – but is refusing to say whether or not it actually intends to roll out the token…. Read More: South Korea Ready to Test its CBDC with Commercial Banks, But Says Launch Is ‘a…
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A Venezuelan police agency says it has caught criminals who have allegedly stolen cryptoassets from pensioners by misusing the Patria crypto remittance platform…. Read More: Venezuelan Crime Gang Was ‘Stealing Crypto from Retirees’ Read more »Pay, Trade, Buy Bitcoin with Credit Card
One of the world’s leading financial policy-making organizations said that it will tell governments to step up their supervision of stablecoins later this year – against a “backdrop of the recent turmoil” in the crypto sector. In a press release from the Financial Stability Board (FSB), which advises the G20 on economic policy matters, the…
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Popular dog-themed meme coins shiba inu (SHIB) and dogecoin (DOGE) may get a boost as the former plans to expand its ecosystem with a range of new products, while the latter will reportedly be accepted as a payment method at The Boring Company’s newly-opened transit station in Las Vegas…. Read More: Shiba Inu Reveals Stablecoin…
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Solana Labs, the entity behind the Solana (SOL) blockchain, has found itself targeted by a new class-action lawsuit filed with a California court. The suit accuses the company, along with a number of related persons and entities active within the ecosystem, of drawing illegal profits from the blockchain’s native token, and claims that SOL is…
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A Chinese tech worker who refused to be paid in tether (USDT) and insisted on receiving fiat yuan has won his case against his former employers. Per the Workers’ Daily, a branch of the People’s Court in the Chaoyang District of Beijing heard a civil case involving a now-defunct IT company and a former contract…
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The central People’s Bank of China (PBoC) could be set to make use of smart contracts in its digital yuan project – an indication that blockchain technology could well end up playing a larger role than expected in the e-CNY’s future…. Read More: Chinese Central Bank May Apply Smart Contract Technology to Digital Yuan Read…
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Bitcoin price is still consolidating above the USD 19,500 support zone and is currently (11:47 UTC) trading near USD 20,100, with a key hurdle near USD 20,500. BTC increased over 2% in a day, erasing its weekly losses. Similarly, most major altcoins are eyeing an upside break. ETH is moving higher towards USD 1,150, while…
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