There were big moves in the US House of Representatives on Thursday as two new crypto-related bills were discussed among the House Agriculture Committee as the United States moves forward with crypto regulation. One bill is focused on identifying what types of cryptocurrencies are considered securities, while the second is aimed at building a regulatory … Continue reading United States Moves Forward With Crypto Regulation
The Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants (FCMs) clarifying how to hold digital currencies in segregated accounts. Segregated accounts are customer funds that are held in separate accounts from a company’s own funds. The clients’ funds are held in … Continue reading United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants
PayPal’s crypto services are officially available for use. US PayPal users will now be available to buy, sell, and hold cryptocurrency assets securely through the payments network. The crypto services will be available in all states, except for Hawaii. The financial service provider will feature Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, which can all be … Continue reading PayPal’s Crypto Trading Services Officially Launch in the United States, Driving Bitcoin’s Price Past 16K
Dominik Schiener, the co-founder of IOTA recently published an article on the importance of research of smart city infrastructure. As the world is moving on to the 21st century, there is growing interest in upgrading city systems to enhance efficiency, which would require new technology as a solution, according to Schiener. Smart infrastructure enables local … Continue reading IOTA Co-Founder: DLT is Ideal for Smart Infrastructure in the United States
Senate Majority Leader Mitch McConnell says that United States Congress has reached an agreement on a proposed $900 billion pandemic stimulus package, according to CNBC. McConnell said that a vote on the $900 billion stimulus bill could happen Sunday evening, as reported by CNBC on Dec. 20. As the stimulus package will provide a boost … Continue reading United States Congress Agree on $900 Billion Stimulus Bill, What it Means for Bitcoin
XRP has slid below the $0.50 level, down by 10% on leading exchanges, following the news that the United States Securities and Exchange Commission (SEC) will file a lawsuit against Ripple for allegedly violating securities laws with the XRP cryptocurrency. On a 24-hour basis, XRP has plunged by 17% on CoinMarketCap, as news that its … Continue reading XRP Slides by 10% as United States SEC Poised to Sue Ripple for Securities Law Violation
Coinbase’s upcoming listing may be what it takes to trigger better cryptocurrency regulation in the United States. The lack of a clear regulatory framework surrounding cryptocurrencies has been a huge topic within the sector. As crypto assets are dynamic and constantly changing in nature, jurisdictions worldwide have either embraced cryptocurrency or adopted a more wary … Continue reading Coinbase’s Upcoming IPO May Lead to Better Crypto Regulation in the United States
Protego Trust bank has obtained conditional approval from the OCC (Office of the Comptroller of The Currency) to become a nationally chartered cryptocurrency bank. Protego becomes the second digital asset financial institution to get national licensing from the OCC, following Anchorage. Greg Gilman, Protego’s founder and executive chairman, said: “The OCC has made huge strides … Continue reading Protego Becomes the Second Federally Chartered Crypto Bank in United States
The United Nations, through its UN-Habitat program, partnered with Unique Network, Exquisite Workers, and IAAI GLOCHA to take advantage of NFTs to create awareness about the global climate crisis through an initiative called DigitalArt4 Climate. During the United Nations Climate Change Conference or COP26 in Glasgow, Scotland, the UN showcased the results of the NFT … Continue reading United Nations Showcases NFTs Meant to Foster Climate Change Awareness
The United Arab Emirates, through the Emirates Post Group (EPG), is set to launch the region’s first Non-Fungible Token-backed postage stamps. As reported by TradeArabia, the NFT-backed postage stamps will be officially launched by Thursday, December 2. According to the EPG, the NFTs will have a dual identity, one as an NFT and the other … Continue reading United Arab Emirates to Issue its First NFT-Backed Stamps