American Express’ Amex Ventures, Visa, Citi Ventures, DRW Venture Capital, Jump Capital, Marshall Wace, Block (formerly Square Inc.), and Paypal Ventures are among investors in the latest funding round of crypto transaction monitoring and forensics platform TRM. Amex, Visa, Citi, Paypal Invest in TRM Platform Crypto transaction monitoring and forensics platform TRM announced Tuesday investments…
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William Burns said that building knowledge on crypto was “an important priority” for the CIA, and he planned to devote “resources and attention” to it. Current director of the Central Intelligence Agency William Burns said his predecessor at the government agency initiated projects focused on gathering intelligence on cryptocurrency. Fielding a question on crypto at…
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“I want to do my job as ethically and impartially as I can,” said AOC, who added that as a member of the House of Representatives’ Financial Services Committee she has chosen not to hold stocks or investments, including digital assets. Democratic lawmaker Alexandria Ocasio-Cortez said Monday that she avoids any and all investments which…
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Officials have already started digitizing government services on the smart contract network RSK, but plan to step up work on the integration in early 2022. The government of Gibraltar, a British territory at the southern tip of the Iberian Peninsula, has started a pilot program aimed at utilizing blockchain technology to store official credentials on…
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“Chairman Gensler’s failure to provide clear rules of the road for cryptocurrencies underscores the need for Congress to act,” said Senator Pat Toomey. Pennsylvania Senator Pat Toomey, one of the ranking members of the Senate Banking Committee, has suggested Congress step in with legislation should the Securities and Exchange Commission (SEC) be unable to provide…
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Quarles said some of the approaches on stablecoin regulation from the President’s Working Group on Financial Markets’ November report are unnecessary. Speaking publicly for the last time as a member of the Board of Governors of the Federal Reserve System, Randal Quarles urged regulators to exercise restraint on stablecoins. In a prepared statement for his…
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Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram. While some major Chinese cryptocurrency-related publications seem to be shutting down, a number of local news agencies continue running by moving to social media like Twitter. China’s most recent crypto ban would not…
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Fed governor Randal Quarles resigned his position effective as of the end of December, while Richard Clarida is expected to leave in January 2022, leaving three vacancies in the group of seven serving at the Federal Reserve. The White House has reportedly begun interviews with possible candidates to fill the empty seats on the board…
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The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” is the latest from Congress to explore the issues concerning crypto assets. Maxine Waters, the chair of the House Committee on Financial Services, has announced several chief executive officers at major crypto firms in…
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The United Arab Emirates has adopted a favorable approach towards crypto. Now, its postal operator is issuing NFTs to commemorate National Day. The United Arab Emirates’ postal operator is issuing nonfungible token (NFT) stamps to commemorate the federation’s 50th National Day, offering further evidence that digital collectibles are gaining mainstream appeal globally. Emirates Post Group,…
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