Fed slaps crypto-friendly banks for ‘deficiencies’
The Board of Governors of the Federal Reserve System issued a cease & desist order against the UTB following an investigation by the Texas Department of Banking that began in May 2023.
The Board of Governors of the Federal Reserve System issued a cease & desist order against the UTB following an investigation by the Texas Department of Banking that began in May 2023.
The new AI model anticipates traffic spikes and scales up resources, and Coinbase claims this new system "served us well" during a recent uptick in activity levels.
Public Citizen consumer advocacy group released a report titled ‘Big Crypto, Big Spending’ that showed ‘crypto corporations’ poured $119 million into the current U.S. election cycle.
As the U.S. Election approaches, Democrats are trying to educate the digital asset community about what a Kamala Harris presidency might mean for the sector.
At the third Foresight Conference, David Chiu, a Hong Kong Special Administrative Region legislative council member, said they must soon introduce "legislation related to stablecoin."
Things aren't looking good for Coinbase, which recorded a significant drop in transaction revenue and profit in Q2 while dealing with rising operating expenses.
The Financial Stability Board paper focused on what it refers to as global stablecoins, which are stablecoins that could be widely used as a means of payment or store of value across multiple jurisdictions.
The FSTB and the HKMA conducted the consultation in 2023, and they will release the results “soon” as stablecoin regulations in Hong Kong take shape.
Circle secured an EMI license from France's banking regulator, while rival Tether continues to avoid discussions about whether its stable will ever join this Euro party.