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“# Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem ” Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space. Speaking at a Wednesday hearing on digital…
“# ‘Nation should not compensate investors for crypto losses’ says UK’s Financial Conduct Authority CEO ” On Wednesday, Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct Authority, or FCA, issued the following statement to the Treasury Committee when asked about the risks of the much-unregulated cryptocurrency sector in the country: When we talk about…
“# NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im ” The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example…
“# Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc ” On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed…
“# Crypto CEOs request Congress provide regulatory clarity at hearing on digital assets ” The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto. Speaking…
“# Dogecoin and Ether rank in top 10 news searches on Google in 2021 ” Major cryptocurrencies Ether (ETH) and Dogecoin (DOGE) made the list of the world’s most searched terms in 2021 on Google On Tuesday, Google released its traditional annual list of the top searches for the year, breaking them down into several…
“# Binance Singapore arm acquires 18% stake in private stock exchange ” Binance Asia Services, the Singapore arm of major cryptocurrency exchange Binance, has acquired a stake in a local private securities exchange, Hg Exchange (HGX). On Dec. 7, the company officially announced an acquisition of a post-money 18% stake in HGX, a stock exchange licensed and…
“# House memo details Congress’ priorities ahead of crypto CEO hearing ” The United States House Committee on Financial Services released a memorandum detailing the points of discussion during the hybrid hearing on digital assets, to be held today at 10:00 a.m. ET. Addressing the members of the Financial Services Committee, the memo confirmed that…
“# TerraUSD (UST) adoption backs LUNA’s ascension to a new all-time high ” Stablecoins are an integral part of the the centralized crypto sector and the decentralized finance (DeFi) ecosystems that have sprung up over the course of the past few years because they provide the liquidity needed for traders to easily swap into different…
“# CIA director says agency currently has ‘a number of different projects’ focused on crypto ” 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 the Wall Street Journal CEO Council Summit on Monday,…