The Central Bank of the United Arab Emirates (CBUAE) has set the potential launch of an in-house Central Bank Digital Currency (CBDC) as part of its digital transformational strategies spanning 2023 to 2026. The move by the UAE reaffirms the earlier discussion of a CBDC development between the UAE and other Gulf states before this … Continue reading UAE to Launch and Test in-house Digital Currency
The heated feud between blockchain payments firm Ripple Labs, its executive Brad Garlinghouse, and the United States Securities and Exchange Commission (SEC) which commenced last December, has drafted Binance, the world’s largest crypto exchange. Per the court documents filed in the Southern District of New York on Monday, Garlinghouse’s lawyers are requesting Binance to provide … Continue reading Brad Garlinghouse Lawyers Requests Documents from Binance in Ongoing Case with SEC
Brad Garlinghouse, the Chief Executive Officer of Ripple Labs Inc, a blockchain payments firm, has yet again called to question the lack of clarity in the statement shared by Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), in his hearing with the Senate banking committee. With the age-long clamour by stakeholders … Continue reading Ripple's Brad Garlinghouse Maintains SEC Chair's Stance on Crypto is Not Clear
The ongoing court case between the United States Securities and Exchange Commission (SEC) and blockchain payments firm Ripple Labs Inc is likely to close next year, drawing on the optimism of the firm’s CEO, Brad Garlinghouse. Speaking in an interview with CNBC, Garlinghouse said the case is making “good progress” as the tides seem to … Continue reading Brad Garlinghouse Predicts Ripple-SEC Feud to End by 2022
On Monday, The Biden Administration released its budget plan for the fiscal year of 2023. The budget proposal, which totals $5.8 trillion with a $1.15 trillion deficit, features some hints on the administration’s long-term plans for cryptocurrency. The budget plan proposes modernizing rules for digital assets through expanding tax reporting requirements. The expansion of the … Continue reading White House Expects to Raise over $10b in Revenue under New Crypto Tax Rules
The Biden Administration is making detailed preparations for policy recommendations to lower crypto mining’s energy usage and emissions footprint. The move marks the government’s further entry to a little-understood industry that critics claim strains the US power grid and threatens climate goals. It follows President Joe Biden’s executive order in March urging federal agencies to … Continue reading White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
Cryptocurrencies and non-fungible tokens (NFTs) are emerging as some of the sought-after assets by households and sports fans on American soil, according to a poll by the Seton Hall University. Per the report: “While the concepts of cryptocurrency and NFT may still be foreign to many Americans, 24 percent of households in the U.S. have … Continue reading 24% American Households Purchased NFTs or Crypto, Study Shows
The US House Ways and Means Committee chairman has asked the Government Accountability Office (GAO) to study cryptocurrency investment options in the major defined contribution (DC) plans. The DC plans include public retirement savings plans like 401(k) pension plans. Chairman Richard Neal, D-Mass., sent a letter on Wednesday to GAO Comptroller General Gene L. Dodaro in which … Continue reading US House Committee Chairman Seeks Insights into Crypto Retirement Plans
Fred Schebesta, the co-founder of comparison website Finder, among the wealthiest people globally, has put his $6.5 million penthouse on the market to purchase more Bitcoins as crypto prices continue to trade low. The tech tycoon told the Daily Telegraph reported on Sunday, July 24, that the right time has come for Schebesta to … Continue reading Australia's Crypto King Schebesta Sold $6.5m Penthouse to Buy Bitcoins
Launch House, a private community focused on connecting and supporting top entrepreneurs, on Tuesday launched its first fund, House Capital, with a $10 million commitment to invest in early-stage firms within the community and high-growth startups outside. The investment themes span a wide range of technology sectors, including Web3 innovation. Launch House said it will invest … Continue reading Launch House Announces $10M Fund for Web3.0 Startups