Category Archives: Cryptocurrency News

Wyoming State Parliament will consider issuing government stablecoins

A bill has been submitted to the Wyoming State Legislature that would allow the state treasury to issue stablecoins pegged to the US dollar. Last week, an initiative group of deputies introduced the Wyoming Stable Tokens (SF0106) bill to the Wyoming Legislature for consideration. If passed, the bill would allow the state treasury to issue dollar-pegged stablecoins. Caitlin Long, CEO of Wyoming-listed Avanti Bank&Trust, believes the state’s stablecoins can legally act as “municipal bonds that…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

Hong Kong will become a testing ground for international testing of the digital yuan

Analysts at the British Independent Strategy believe that the situation in Hong Kong allows China to test the state cryptocurrency without attracting the attention of outside observers. Independent Strategy expert David Roche said the island would serve as a suitable testing ground for international payments using the digital yuan: “Hong Kong provides China with an ideal experimental intermediate option before integrating e-CNY into a globalized world with internationalization – while maintaining political control.” Roche explained…

Central Bank of the Philippines does not plan to launch a state cryptocurrency

Governor of the Central Bank of the Philippines Benjamin Diokno said that the bank will not launch its own digital currency, as most citizens of the state prefer to use cash. In September, the Central Bank of the Philippines Bangko Sentral ng Pilipinas (BSP) began exploring the possibility of launching a digital Philippine peso to improve the quality of financial services. However, in a recent speech, BSP Governor Benjamin Diokno said that the central bank…

Hong Kong Regulator called NFT and the metaverse the main threats of 2022

The Hong Kong State Computer Incident Response Service has announced to citizens that the NFT space and the metaverse are fertile ground for fraud. The Service Clearinghouse (HKCERT) has issued a warning that as interest in digital assets grows and the industry develops, attackers are increasingly willing to use them to steal sensitive information. However, affected users have no legal remedies. HKCERT plans to pay more attention this year to security issues related to the…

Freedom Convoy protest group in Canada launched its own Freedom Convoy token

The Canadian authorities blocked the funds raised to support the Freedom Convoy initiative group. In response, the protesters announced the creation of their own Freedom Convoy token. Canadian Prime Minister Justin Trudeau has initiated emergency measures to cut funding for Convoy Liberty truckers protesting quarantine measures. At the request of the government, an Ontario court blocked access to more than $10 million of funds raised on the GoFundMe platform, as well as more than $8.4…

Gate.io Launches Market Maker Rewards Program

Gate.io has announced the launch of an Institutional Market Maker Incentive Program, where top liquidity providers can earn various rewards. During 2021, the popularity of the Gate.io global cryptocurrency exchange platform has skyrocketed. Gate.io now lists more than 1,300 crypto assets, and the number of registered users has exceeded 10 million people. As the popularity of the platform continues to grow, the exchange team began to focus on long-term growth, with a focus on Market…

Coinbase Hires Former SEC Officer as VP of Global Regulatory Policy

The American exchange Coinbase, against the background of tightening the policy of regulators, is strengthening the administrative link with the former chief economist of the US Securities and Exchange Commission. Cryptocurrency exchange Coinbase continues to pursue a policy of improving relations with regulators. The next step of the company was the invitation of former employee of the US Securities and Exchange Commission (SEC) Scott Bauguess (Scott Bauguess) to the post of vice president of global…

In Israel will discuss the implementation of blockchain in the securities market

The Securities and Exchange Commission (ISA) will host the first blockchain hackathon in Israel. The task is to find promising solutions for the securities market. ISA Chairwoman Anat Guetta said that a hackathon will be organized in Tel Aviv on March 24, with the help of which the agency hopes to attract the attention of developers of blockchain solutions. The main topic announced by the organizers was the issue of securities and government bonds using…

Deputy Governor of RBI advocated a complete ban on cryptocurrencies in India

Reserve Bank of India Deputy Governor T. Rabi Sankar called cryptocurrencies a scam and believes the government should ban them entirely. T. Rabi Sankar substantiated his position by the fact that, in his opinion, cryptocurrencies have no intrinsic value. He called investments in digital assets “investments in a perpetual coupon”, in which the investor will receive neither interest nor principal. Sankar also believes that cryptocurrencies do not fall under the definitions of a currency, asset,…