A legal framework for Decentralized Autonomous Organizations (DAOs) could be coming to California. San Francisco Assemblymember Matt Haney introduced Assembly Bill 1229 on Monday, which already has support from prominent crypto investment firm Andreessen Horowitz and the Crypto Council for Innovation. “We have long been supportive of reasonable regulation that puts guardrails in place while giving innovators the certainty they…
Cryptocurrency exchange Coinbase took action against the Securities and Exchange Commission (SEC) late Monday, asking a federal court to compel the agency to respond to its demand for clearer crypto regulations. The exchange sent the SEC its so-called “petition for rulemaking” last July, and asked the regulator to propose and adopt rules for digital assets securities. It also sought answers…
Standard Chartered says crypto winter has ended and the price of bitcoin could reach $100K per coin by the end of next year. The global bank’s analyst has identified several factors contributing to the surge in the price of the cryptocurrency, including the recent turmoil in the banking sector. Standard Chartered Bank on Bitcoin Hitting $100K Global bank Standard Chartered…
There’s trouble brewing in the red-light region of Decentraland called District X. The ongoing dispute between the leader of District X and a group of community members came to a head with the Decentraland DAO asked to weigh in on the district’s future. Decentraland districts are collectively owned areas on the map built around a particular theme, in District X’s…
sponsored Victoria, Seychelles, April 24, 2023 – Bitget, the largest crypto copy trading platform, announced that its native platform token BGB will be listed on Bitfinex, driving liquidity and accessibility while increasing its value and utility. The supported trading pair is BGB/USDT, and the trading service will be opened at Bitfinex. BGB is a utility token that plays a vital…
Republican lawmakers with the United States House Financial Services Committee have released a draft of a bill focused on payment stablecoins rather than overseeing other aspects of digital asset markets. A senior Republican committee staffer involved in drafting the legislation told reporters on April 24 that they had narrowed the scope of a stablecoin bill proposed in September 2022 in…
When it comes to providing stable value, stablecoins and central bank digital currencies (CBDCs) appear to serve two sides of the same proverbial coin. Crypto stable assets, however, can provide entirely different use cases — and CBDCs simply cannot compete. The key is programmability — smart contracts that automate and add new features to money. Programmability allows for asset backing…
The European Central Bank (ECB) released its third progress report on digital euro design on April 24. This time the bank looked at access and distribution options that have been endorsed by the ECB’s Governing Council. Convenience is clearly a priority for access to the potential digital euro. Digital euro users would be onboarded by payment service providers (PSPs) following…
Payments giant Visa is pushing ahead with its Web3 plans, with the company hoping to hire a senior software developer for its crypto team. In a job listing posted last week, the world’s second-largest card payment organization said it was looking for “experienced software engineers” who are “passionate about the Web3 stack of technologies.” Web3 refers to the next large-scale…
Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made other countries afraid of holding dollars. Ron Paul Believes De-Dollarization Is Happening at a Rapid…
