Former Fed Chair Janet Yellen will be tapped to run the Treasury Department, where she will oversee federal agencies that impact crypto.
Privacy, Power, Fiscal Policy, the Poor: 4 Reasons to Worry About CBDCs
As central banks everywhere gear up to launch digital currencies, it’s time to consider the possible downsides.
PayPal CEO Schulman Say He’s Bullish on Bitcoin as a Currency
Schulman spoke the fall of cash, the rise of bitcoin, and the institutional traders taking note.
Law Enforcement Agencies Are Missing Forked Cryptos in Criminal Seizures: Research
Blockchain analytics company Coinfirm said authorities are “ignoring” criminals’ stockpiles of cryptocurrencies that forked from bitcoin.
CipherTrace Says Homeland Security Work Gave Rise to Monero-Tracking Patent Filings
CipherTrace has filed two patent applications it claims offer technologies that could help authorities in tracking monero transactions.
China to Hold Second Lottery Trial of the Digital Yuan
A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.
China’s Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs
In a wide-ranging speech, Xi said that the G20 group “needs to discuss developing standards and principles for central bank digital currencies.”
Crypto Assets in South Africa Would Be Considered Financial Products Under Regulator Proposal
If implemented the declaration would require crypto firms in South Africa to register as a financial services provider.
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
Central bank digital currencies can have broad implications for the global balance of power, experts say.
US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO
The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation’s dictator.
Bitcoin Is the Biggest Big Short
Short-sellers help identify weaknesses in capital markets. Bitcoin helps us see what’s wrong with the financial system.
German Finance Minister Says He Does Not Support Private Cryptos: Report
Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.
Morgan Creek CEO Says Bitcoin Doing ‘Extremely Well’ Due to Fed Reserve’s Dollar Devaluation
CEO Mark Yusko said “zombie companies” left the Fed no choice but to devalue the dollar, prompting investors to turn to bitcoin and gold.
Japan’s Banking Giant MUFG Plans to Launch Blockchain Payment Network in 2021
Japanese banking giant MUFG plans to launch its blockchain payment network across the country in 2021 with U.S.-based fintech company Akamai.
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
Texas Financial Regulators Crack Down on 15 Alleged Crypto Scams
Many of the alleged crypto scams had a common tactic: savvy social media posts to draw victims in.
US Is Debating Risk vs. Liability for New Crypto Tax Rules
Treasury department officials are wrangling with how to focus a coming set of crypto tax rules.
SEC Grants Digital Avatar Firm IMVU Permission to Sell Crypto Tokens
The SEC has granted permission to digital avatar firm IMVU to sell its Ethereum-based VCOIN digital currency, though with some restrictions.
SEC’s Clayton Says Payment Inefficiencies Are Boosting Bitcoin’s Rise
Clayton sounded more bullish on bitcoin than he’s been in years in his Thursday interview with CNBC
Irish Man Gets 3 Years in Prison for Stealing $2.5M in Crypto Through SIM Hacks
The man was part of a criminal group that compromised crypto accounts with assistance from contacts at mobile operators.