The Chamber of Digital Commerce, a Washington-based blockchain advocacy group, has filed an amicus curiae document on the SEC v Payward, Inc. (Kraken) case. The chamber argues that the actions of the SEC pose “separation of powers and due process” concerns and that digital assets are not inherently investment contracts. Chamber of Digital Commerce Slams […]
Digital Euro Association Partners With HBAR Foundation to Boost Understanding of CBDCs and Stablecoins
The Digital Euro Association (DEA) has entered into a partnership with the HBAR Foundation. This collaboration aims to bolster its comprehension of central bank digital currencies (CBDCs) and stablecoins. Although this partnership marks a significant milestone in the digital currency landscape it nevertheless does not amount to an endorsement of any ideologies or products. Enhancing […]
ECB Economists: Bitcoin Fails to Become Global Decentralized Digital Currency, BTC’s Fair Value Is Still Zero
The European Central Bank (ECB) has published a blog post claiming that “bitcoin has failed to fulfill its original promise to become a global decentralized digital currency.” The ECB economists who authored the post added that bitcoin’s fair value is still zero and bitcoin transactions are “still inconvenient, slow, and costly.” Moreover, they asserted that […]
Lejilex and Crypto Freedom Alliance of Texas Sue SEC for Unlawfully Targeting the Digital Asset Industry
Lejilex and the Crypto Freedom Alliance of Texas, a crypto nonprofit, have teamed up to introduce a complaint against the actions of the SEC towards actors in the digital asset industry in America. The complaint alleges that the SEC has no regulatory powers over these crypto companies, having usurped functions not given to it by […]
Digital Yuan Now Used to Complete Car Prepurchase Payments
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles […]
I Am Hip Hop TV Redefines Digital Media Distribution Landscape
PRESS RELEASE. February 16, 2024 – I Am Hip Hop TV, a pioneering startup dedicated to revolutionizing digital media distribution, announces its strategic approach to enhancing brand visibility and driving engagement across major social media platforms. With a focus on inciting meaningful user interaction that translates into increased awareness and sales conversions, the company has […]
Nexo Partners With Sift for Enhanced Digital Asset Fraud Protection
The digital asset firm Nexo has announced its partnership with Sift, aiming to upgrade its fraud prevention mechanisms. The collaboration between the duo is expected to streamline and secure the user experience for Nexo’s customer base, which exceeds six million globally. Nexo to Leverage Sift’s Fraud Protection Services By integrating Sift‘s payment protection and account […]
Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress
Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework for stablecoins is needed. Fed Chair Powell on US CBDC and […]
UniLend V2 Launched on Mainnet: First-Ever Permissionless Lending and Borrowing Protocol for All Digital Assets
PRESS RELEASE. February 13, 2024. UniLend Finance, a leading decentralized finance protocol, has launched its revolutionary new version UniLend V2 on the Ethereum Mainnet. UniLend V2 marks a significant milestone as the first-ever permissionless lending and borrowing protocol for all ERC20 tokens, opening doors to DeFi for everyone and revolutionizing the digital asset landscape. Being […]
Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency Sector
As bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value against the U.S. dollar. Publicly Traded Mining Companies See Major Uptick Publicly-listed firms linked to the […]
Expert Calls for Full Cryptocurrency Regulation in Nigeria to Mitigate Digital Asset-Related Financial Crimes
Nigeria must fully regulate crypto activities if it wants to curb financial crimes associated with digital assets, a forensic expert has said. The co-founder of A&D Forensics also called on Nigeria to enact laws that would mandate banks to vet service providers before granting them account access. Curbing Crypto-Related Financial Crimes According to a blockchain […]
NBA Faces Class Action Lawsuit Over Voyager Digital Promotion
A class action lawsuit has been filed against the National Basketball Association (NBA), accusing the league of gross negligence through its marketing agreements with the now-bankrupt crypto exchange Voyager Digital Holdings, leading to investor losses of over $ 4.2 billion. NBA Hit With Class Action Lawsuit Over Alleged Negligent Crypto Promotions The NBA is …
Kenya Advances Toward Digital Asset Hub Ambition With Virtual Assets Bill – Kenya Blockchain Association
The Blockchain Association of Kenya (BAK) is reportedly on the verge of launching a community-led draft bill, a significant stride towards its objective of transforming Kenya into a hub for digital assets. BAK has expressed its intention to integrate feedback from stakeholders into a revised draft. This updated version of the draft bill is due […]
Thailand Abolishes Value-Added Tax Previously Applicable on Digital Asset Trades
The Thailand Finance Ministry has announced the removal of the previously applicable value-added tax on digital asset trading. This exemption, which took effect on Jan. 1, 2024, extends to regulated brokers, dealers, and authorized cryptocurrency exchanges. VAT Exemption to Bolster Thailand’s Digital Asset Industry To establish Thailand as a hub for digital assets, the Bangkok […]
FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a period where the prominent crypto asset, ethereum, remains without a definitive classification as a security by the U.S. Securities and Exchange Commission […]