The Iranian Chamber of Commerce, Industry, Mining and Agriculture announced that the Central Bank (CBI) will “turn money into programmable objects” this week by launching a digital riyal. According to representatives of the Central Bank, the crypto-rial was designed in such a way that if the digital currency is stolen from a hacked phone, it […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
FV Bank will allow the use of USDC stablecoins for direct deposits
International online bank FV Bank has announced that it is launching a new service that will allow customers to make direct deposits in USDC stablecoin to traditional bank accounts. With the help of the new feature, users will be able to receive USDC into their accounts in the same way as it is done with […]
DeFi project Maple Finance and bankers Icebreaker launched a fund to support miners
Major DeFi lender Maple Finance has partnered with finance firm Icebreaker to launch a $300 million investment fund for bitcoin mining companies. The fund targets “public and private major bitcoin mining and digital asset infrastructure companies” based in the US and Australia. The Fund offers loans for a period of 12 to 18 months at […]
Colorado residents allowed to pay taxes with cryptocurrencies
The governor of the US state of Colorado confirmed that local residents have the opportunity to pay taxes and state fees using cryptocurrencies. This idea was first proposed by Jared Polis in May 2021. At the beginning of the year, the governor promised that Colorado residents would be able to pay taxes in cryptocurrencies from […]
Coinbase and Ethereum Name Service launch human-readable name service
Cryptocurrency exchange Coinbase has announced that, together with the Ethereum Name Service (ENS), it will provide its customers with human-readable names instead of long crypto wallet addresses. The American trading platform announced that with the help of the Coinbase Wallet browser extension, users will be able to request a new “name.cb.id” address and use it […]
The US House of Representatives Committee supported the development of the state digital currency
The U.S. House of Representatives Financial Services Committee, fearing the growing influence of the digital yuan, voted to develop an American digital dollar. According to members of the Committee, China’s state digital currency could threaten the US dollar and the country’s national security, jeopardizing the ability to exert sanctions pressure. Republican Congressman French Hill of […]
US Court Orders Tether to Provide Data on US Dollar Reserves
The issuer of the USDT stablecoin will be required to provide documents to determine the actual reserves in US dollars, including statements from banks and other institutions. Also, the list of materials requested by the court includes accounting and management reporting data: accounting books, balance sheets, income statements, cash flow statements, profit and loss statements. […]
The US Treasury proposed to add cryptocurrency mixers to the sanctions list
The U.S. House of Representatives approved a bill banning the use of crypto assets to circumvent sanctions. The Ministry of Finance proposed to blacklist cryptocurrency mixers. The bill was supported by 316 legislators, only 69 people opposed. The bill would require the State Department to notify Congress of any rewards in cryptocurrencies for providing information […]
C Ventures creates a $200 million fund to invest in crypto assets
A venture capital firm owned by Hong Kong billionaire Adrian Chen has announced that it has raised funds. According to Bloomberg sources, in addition to $200 million for the cryptocurrency fund, C Ventures is raising another $300 million. The funds will be used for direct investments and lending over the next 18 months. The company […]
Media: Indonesian crypto exchanges will be banned from reinvesting user funds
Indonesia is developing a set of rules for national cryptocurrency exchanges to root out foreign ownership and stop the reinvestment of user funds. According to local media reports, the Indonesian government is seeking to limit foreign ownership of cryptocurrency exchanges by introducing a new rule requiring 66% of board members and directors of companies to […]
