July 19, 2022

Circle CSO lays out policy principles for stablecoins in US

Circle CSO lays out policy principles for stablecoins in US

Dante Disparte hinted the U.S. could take a leading role in stablecoin regulation in an effort to “avoid trans-Atlantic or global misalignment.” Dante Disparte, Circle’s chief strategy officer and head of global policy, who has previously testified at congressional hearings, has called on United States lawmakers to balance the risks with developing a regulatory path …

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3D NFT marketplace bridges three-dimensional functionality across metaverses

3D NFT marketplace bridges three-dimensional functionality across metaverses

A selection of leading artists and creators are set to provide novel creations and assets through the launch of the 3D NFT marketplace MetaMundo. MetaMundo looks to bring three-dimensional art and assets to some major metaverse environments with the launch of its marketplace and nonfungible token (NFT) architecture. Users from popular metaverses like Decentraland (MANA), …

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Twitter wins bid for expedited trial to force Musk to close  billion acquisition

Twitter wins bid for expedited trial to force Musk to close $44 billion acquisition

KEY POINTS Twitter won its motion for an expedited trial in its lawsuit against Elon Musk on Tuesday. Delaware Court of Chancery chancellor Kathaleen McCormick ruled in favor of an expedited trial after a hearing conducted via teleconference. Musk wanted a trial to commence next year. Twitter won its motion for an expedited trial in …

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NFTs Trading Volume Between May and June Fell 74%: The Block

NFTs Trading Volume Between May and June Fell 74%: The Block

Non-fungible tokens (NFTs) trading volume between May and June fell 74%, data from The Block Research showed. According to The Block’s data, the trading volume for May was $4 billion, while June saw $1.04 billion. The Block reported that, to date, the 74% decrease is the largest month-over-month drop in NFT marketplace trading volume; the …

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Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

Indian Finance Minister: Crypto Ban, Regulation Effective Only With Significant International Collaboration

India’s finance minister has informed parliament that the central bank, the Reserve Bank of India (RBI), wants cryptocurrencies to be prohibited. However, she noted that “any legislation for regulation or for banning can be effective only after significant international collaboration.” Indian Finance Minister on Crypto Ban and Regulation Indian Finance Minister Nirmala Sitharaman answered some …

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Cryptocurrency Exchange Crypto.com Expands to Italy

Cryptocurrency Exchange Crypto.com Expands to Italy

The company has completed its registration with the Organismo Agenti e Mediatori. Crypto.com has garnered regulatory approval from Italy’s Organismo Agenti e Mediatori (OAM), allowing the exchange to distribute its products and services to customers in that country, according to a press release. It’s the latest expansion step for Crypto.com, recently won approval to operate …

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ApeCoin price eyes 45% rally following Otherside metaverse demo

ApeCoin price eyes 45% rally following Otherside metaverse demo

APE has been pursuing a rare ascending triangle reversal breakout, with its profit target at $8.40. ApeCoin (APE) rallied to start the week as traders considered Yuga Labs’ decision to open its Otherside metaverse for selected users. In doing so, the token broke out of a technical pattern that hints at another 45% price rally …

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FIRST FEMALE UFC FIGHTER TO BE PAID IN BITCOIN THROUGH BITWAGE PARTNERSHIP

FIRST FEMALE UFC FIGHTER TO BE PAID IN BITCOIN THROUGH BITWAGE PARTNERSHIP

In partnership with Bitwage, Luana Pinheiro will become the first female UFC fighter and first Latin American athlete to receive her paycheck in bitcoin. Luana Pinheiro will become the first female UFC fighter to be paid in bitcoin through a partnership with Bitwage. Pinheiro joins her boyfriend Matheus Nicolau who previously adopted a Bitcoin Standard …

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China holdings of U.S. debt fall below  trillion for the first time since 2010

China holdings of U.S. debt fall below $1 trillion for the first time since 2010

KEY POINTS China’s portfolio of government debt in May dropped to $980.8 billion, according to Treasury Department data released Monday. It marked the first time since May 2010 that China’s holdings fell below the $1 trillion mark. China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years amid …

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Dutch Central Bank Fines Crypto Exchange Binance .4 Million Citing ‘Very Serious’ Violations

Dutch Central Bank Fines Crypto Exchange Binance $3.4 Million Citing ‘Very Serious’ Violations

The Dutch central bank has fined cryptocurrency exchange Binance 3.325 million euros for offering crypto services in the Netherlands without the legally required registration. Binance has appealed against the fine and has now submitted an application to register with the central bank. Binance Fined by Dutch Regulator The Dutch central bank, De Nederlandsche Bank (DNB), …

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