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Republican Lawmakers Urge DOJ To Investigate Binance Over Illicit Financing Allegations
Thursday, October 26, 2023 - 5:21pm | 519A group of Republican lawmakers has called on U.S. Attorney General Merrick Garland to contemplate levying charges against the crypto exchange platform Binance (CRYPTO: BNB), following reports suggesting its potential involvement in financing illicit activities. Binance didn't immediately...
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World Bank Issues First Blockchain Bond: An 'Important Moment' For Digital Asset Class
Tuesday, October 24, 2023 - 4:55pm | 605Euroclear announced the successful settlement of its inaugural digital note, a World Bank offering on the Luxembourg Stock Exchange, which amassed 100 million euros ($106 million) dedicated to sustainable development initiatives. In connection with this, it's worth noting that discussions about...
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New Digital Payment Network Promises To Make Cross-Border Transactions Faster, Cheaper
Monday, October 23, 2023 - 3:17pm | 558Standard Chartered Bank's (OTC: SCBFF) SC Ventures and Deutsche Bank (NYSE: DB) have successfully conducted a Universal Digital Payments Network (UDPN) proof-of-concept, facilitating real-time transactions between USD Coin (CRYPTO: USDC) and EURS stablecoins. In this initiative, SC...
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UK Regulator Shakes Up Asset Management Balancing Regulation With Tech Innovation
Thursday, October 12, 2023 - 1:09pm | 450U.K. regulator, Financial Conduct Authority (FCA), has a progressive stance towards the future of asset management. Drawing insights from a discussion paper released by the FCA, the regulator's focus on proportionate regulation and its role in driving innovation is evident. As digital assets...
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House Republicans Demand Jerome Powell Provide Clarity On Fed's Crypto Intervention
Tuesday, August 29, 2023 - 11:12am | 509Republican representatives from the House Financial Services Committee have expressed concerns over the Federal Reserve's recent interventions in the cryptocurrency sector. In a letter addressed to Fed Chair Jerome Powell, Committee Chair Patrick McHenry (R-NC) stated that the Fed...
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NY Fed Publishes Positive Results From Cross-Border Payments Study With Singapore
Friday, May 19, 2023 - 1:56pm | 412The New York Federal Reserve published results from a joint study conducted with the Monetary Authority of Singapore (MAS). Cross-border and cross-currency payments can effectively utilize Central Bank Digital Currency (CBDC) systems operating on diverse networks, the study shows. The research...
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Hong Kong Sells More Than $100M Of Digital Green Bonds In Historic Move
Saturday, February 18, 2023 - 1:23pm | 553The Hong Kong Special Administrative Region (SAR) of the People's Republic of China has raised over $100 million through the sale of digital green bonds, marking the first time a government has issued a tokenized green bond. The announcement was made by the Hong Kong government on Thursday, as...
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NFT Marketplace OpenSea Delists Cuban Artists To Comply With US Sanctions Law
Friday, December 23, 2022 - 12:39pm | 398Non-fungible token (NFT) marketplace OpenSea has started to delist Cuban artists and users in order to comply with U.S. sanctions. "Our terms of service explicitly prohibit sanctioned individuals, individuals in sanctioned jurisdictions, or services from using OpenSea," a spokesperson for...
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Fintech Focus For December 17, 2020
Wednesday, December 16, 2020 - 6:26pm | 2091Quote To Start The Day: Pricing an IPO is more of an art than a science. Source: Ran Ben-Tzur One Big Thing In Fintech: A massive delta exists between public and private assets. That’s according to Solomon Tesfaye, the vice president of business development and capital markets at tZero Group...
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Australia Launches Central Bank Digital Currency Project
Monday, November 2, 2020 - 12:58am | 515The Reserve Bank of Australia said Monday it is partnering with the Commonwealth Bank of Australia (OTC: CMWAY), National Australia Bank Limited (OTC: NABZY), and financial services firm Perpetual to explore the “implications” of a wholesale form of a blockchain-...