Author: CryptoHoppers
The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital currency in both digital and physical forms. The amendments expand Section 24 to include digital issuance alongside traditional […] Source link
Key Takeaways Coinbase found over 20 FDIC letters restricting banks from offering crypto services. FDIC’s concerns include consumer protection and financial stability with crypto risks. Share this article Coinbase recently discovered over 20 documented cases where the Federal Deposit Insurance Corporation (FDIC) advised banks to pause or avoid crypto-related activities. The Vaughn Index, filed by the FDIC, outlines letters where FDIC representatives cautioned banks about the potential risks associated with crypto assets, focusing on consumer protection, financial stability, and operational safety.The documents include correspondence between the FDIC and various banks, revealing that as far back as March 2022, the FDIC was…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances, and a Bolivian bank offers USDT services for the first time. Public Records Inquiry […] Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market gains momentum, affordable altcoins show growth potential. Discover three low-cost coins poised for explosive gains. As the cryptocurrency market gains momentum in the final quarter, certain affordable altcoins are catching the eye of investors. These low-cost digital assets are showing promising signs of significant growth potential. This article delves into three such cryptocurrencies that could experience explosive increases during the bullish surge ahead. BlastUP: The game-changing token empowering startups with explosive 100x growth potential BLASTUP…
First Digital Labs, a Honk Kong based company that specializes in digital asset innovation and research & development, has made a groundbreaking announcement of expanding their stabelcoin FDUSD on Solana ecosystem. 1/ FDUSD expands to Solana 🔥 We’re thrilled to share that $FDUSD will be available on the @solana blockchain, bringing faster, more efficient transactions to our users and expanding our reach across the digital asset ecosystem. pic.twitter.com/e8vYCgUEeq — First Digital Labs (@FDLabsHQ) October 30, 2024 Official Announcement on X Benefit of Integrating with Solana This integration will enhance the transaction speed, as it will complete one transaction in mere…
Key Takeaways UBS Asset Management launched its first tokenized fund on the Ethereum blockchain. The bank manages $5.7 trillion in assets and aims to meet growing investor demand for tokenized financial assets. Share this article UBS Asset Management announced today the launch of its first tokenized fund, the “UBS USD Money Market Investment Fund Token” (uMINT), on Ethereum’s blockchain.UBS, managing 5.7 trillion dollars in assets, will allow investors access to a high-quality, risk-managed money market investment product through authorized distribution partners.Thomas Kaegi, Co-Head of UBS Asset Management APAC, commented on the shift, saying, “We have seen growing investor appetite for tokenized…
After a prison sentence and forced exit from Binance’s leadership, Changpeng Zhao hints at bold, unexpected ventures ahead — charting a path few could foresee. From Prison to Plans: Binance’s CZ Unveils a Future Few Could Predict Binance cofounder and former CEO Changpeng Zhao (CZ) has declared he has no desire to return to the […] Source link
Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC). The notice alleges, but does not specify, violations of securities laws and […] Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A Shiba Inu millionaire bets on ETFSwap, predicting a 6,444% rally to $2 before Dogecoin hits $1, sparking interest in its presale. A prominent Shiba Inu (SHIB) millionaire is placing a high-stakes bet on ETFSwap (ETFS), projecting its price to rally 6,444% and hit $2 well before Dogecoin (DOGE) reaches the $1 mark. With Shiba Inu millionaire’s interest building, the ETFSwap (ETFS) presale might be gearing up for one of the most remarkable rallies in 2024. Shiba Inu millionaires…
Key Takeaways Hayes suggests Solana could be a strong play amid election volatility, potentially outperforming Bitcoin in bullish trends. The Federal Reserve’s monetary policy is expected to have a more significant impact on digital assets than the US election outcomes. Share this article Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, favors Solana ahead of the US elections, describing it as a “high beta Bitcoin” during an appearance on the Unchained podcast.With the elections just days away, Hayes explained that Solana is a good bet because it is highly liquid and likely to jump if Bitcoin performs well.Additionally, Hayes…