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“# ‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren ” Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the average investor. In a Tuesday hearing with the Senate Banking Committee discussing stablecoins, Warren…
“#Federal government pledges $40 billion for First Nations child welfare” Politics Insider for Dec 14, 2021: Funds for Indigenous child welfare; Anand apologizes for military sexual misconduct; and Trudeau’s out of the Bill 21 fight for now Welcome to a sneak peek of the Maclean’s Politics Insider newsletter. Sign up to get it delivered straight to your inbox in the…
“# Ukrainian bank uses Stellar to launch electronic hryvnia pilot ” Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia. The Stellar Development Foundation (SDF) announced on Dec. 14 a private electronic hryvnia pilot launched by Tascombank and fintech company Bitt. The electronic…
“# From NFTs to CBDCs, crypto must tackle compliance before regulators do ” Each year that we get a little further away from Satoshi Nakomoto’s whitepaper, crypto becomes more popular than ever, breaking more barriers — not just in sheer enthusiasm, but in mainstream acceptance. From nonfungible tokens (NFTs) to the Metaverse, 2021 was the…
“# Reelected Miami mayor to take 401k retirement savings partly in Bitcoin ” The long-standing mayor of Miami Francis Suarez has now announced plans to take a part of his 401(k) payout in Bitcoin (BTC) just a month after he started receiving salary in BTC. Soon after becoming the first United States lawmaker to accept…
“# Point of no return? Crypto investment products could be key to mass adoption ” The first Bitcoin (BTC) futures exchange-traded fund (ETF) was launched in the United States back on October 19, 2021. Since then, a number of other cryptocurrency investment products have been launched in various markets. That first ETF, the ProShares Bitcoin…
“# Crypto market eyes recovery ahead of key US inflation data release ” Growing inflation has become a mounting concern for nations around the world, especially the United States. The U.S. has seen one of the sharpest rises in consumer inflation over the past year. Lawmakers around the globe have claimed that they didn’t see…
“# US lawmaker purchases exposure to Bitcoin through Grayscale shares ” Illinois Representative Marie Newman has disclosed she purchased up to $50,000 in exposure to crypto through shares of Grayscale Bitcoin Trust. According to a financial disclosure report filed with the U.S. House of Representatives on Wednesday, Congressperson Newman bought between $15,001 and $50,000 of…
“# UK politicians say cryptocurrency is ‘not an investment’ ” Members of Parliament (MPs) in the United Kingdom have called upon the Financial Conduct Authority (FCA) to limit the use of the word “invest” and “investment” by cryptocurrency firms for promotional purposes. According to a Dec. 9 report in The Times, MPs at the treasury…
“# Kazakhstan to decide whether to launch CBDC by late 2022 ” Kazakhstan, one of the world’s largest countries in terms of Bitcoin mining hash power, is continuing to explore a potential central bank digital currency (CBDC). The National Bank of Kazakhstan has completed a prototype of a digital tenge platform, governor Erbolat Dossayev announced, according…