Sarah

The US Securities and Exchange Commission (SEC) has once again delayed its decision on whether to approve applications from 21Shares and ARK Investment Management to launch a spot Bitcoin ETF until January 10. The delay comes as members of the US Congress have asked SEC Chairman Gary Gensler to “immediately” approve a Bitcoin spot ETF. […]

Analysts at the investment bank JPMorgan presented a report in which they said that stablecoins and their issuers could bring instability to the global financial system. The paper, titled “Raids and Flights to Safety: Are Stablecoins the New Money Market Funds?” includes a comparison of investor behavior during the 2022 and 2023 stablecoin releases with […]

The administration of the Chinese city of Shanghai has published a plan for the accelerated development of the blockchain and Web3 sector, which should be implemented by 2025. According to this plan, the Shanghai municipal government intends to improve the security of blockchain-based systems, as well as develop the development of cryptographic algorithms, smart contracts […]

The Binance cryptocurrency exchange has decided to completely leave Russia. The company is selling its Russian business to CommEX. “As we look to the future, we recognize that operating in Russia is not compatible with Binance’s compliance strategy. We remain confident in the long-term growth of the Web3 industry globally and are committed to focusing […]

Hong Kong lawmakers have announced a second round of consultations to create a regulatory framework governing stablecoins. Authorities plan to publish guidelines in 2024. According to local official Duncan Chiu, the Hong Kong government has moved to the next stage of discussions on how stablecoins should be regulated. Hong Kong has been working on this […]

Software and cloud giant Microsoft may integrate cryptocurrency wallets into its Xbox gaming device. This became known thanks to the leak of internal company documents. The documents reveal important correspondence between Xbox officials, blueprints for the upcoming discless Xbox Series X, details about the gyroscopic controller, and even information about the next-gen hybrid Xbox due […]

The Kraken cryptocurrency exchange has received licenses from the central banks of Spain and Ireland, which will allow the platform to provide cryptocurrency services to users from these countries. Kraken management reported that the Central Bank of Ireland issued a license to the local division of the exchange to conduct transactions with electronic money (EMI). […]

The British division of the large bank Chase, part of the transnational financial holding JPMorgan, announced a ban on transactions on crypto platforms from October 16. The reason for this decision was the risks of fraud in the cryptocurrency sector and the desire to protect investors. When attempting to send funds to crypto platforms, the […]

Payment aggregator MoneyGram plans to release a non-custodial digital wallet that will allow platform clients to convert fiat money into cryptocurrency and back. MoneyGram CEO Alex Holmes said the new wallet, which “will be focused on using stablecoin technology,” should launch in the first quarter of 2024. The new service is being created in collaboration […]

A resident of Angarsk started underground mining, and when power engineers discovered this and offered him to pay for electricity at industrial rates, he refused. Now he owes 4.5 million rubles. The press service of Irkutskenergo reports that experts have identified an increase in energy consumption at one of the sites in Angarsk from 1 […]