In a pre-recorded message for a Cato Institute event on Sept. 7, Pham said that following public roundtable discussions she planned to propose a pilot program for digital asset markets, claiming the U.S. may soon need to “play catch-up” to crypto-friendly jurisdictions. She suggested that the program would be similar to regulatory sandboxes previously introduced at the state level.Continue Reading on Coin Telegraph More
JPMorgan has reportedly developed most of the infrastructure to run the new deposit token, which will be first launched for corporate clients to speed up payments and settlements. Deposit tokens are issued on a blockchain by a depository institution to represent a deposit position. The solution contrasts with stablecoins, which are usually issued by a non-bank private entity. Continue Reading on Coin Telegraph More
According to a Sept. 7 blog post, the software installers affected by the attack are mainly used for 3D modeling and graphic design. Additionally, most of the software installers used in the malware campaign are written in French. The findings suggest that the “victims are likely across business verticals, including architecture, engineering, construction, manufacturing, and entertainment in French language-dominant countries,” explains the analysis. Continue Reading on Coin Telegraph More
ARK manages $13.9 billion in assets, and its CEO, Cathie Wood, is a strong advocate for cryptocurrencies. In partnership with the European asset manager 21Shares, ARK Investment first applied for a Bitcoin (BTC) exchange-traded fund (ETF) in June 2021. Its most recent request for a spot BTC ETF, which is currently pending review by the United States Securities and Exchange Commission, was initially filed in May 2023.Continue Reading on Coin Telegraph More
As described by the exchange on Sept. 7, a price discrepancy on listed CYBER tokens occurred the week prior due to a liquidity crunch constricting CYBER cross-chain bridges on Korean cryptocurrency exchange Upbit. This led to arbitrageurs borrowing CYBER from Binance to profit from the difference. In turn, Binance users who staked CYBER in its Flexible Earn Program were barred from redemptions, as the staked assets had been borrowed, reaching the loan limit. The exchange stated:Continue Reading on Coin Telegraph More
The rapid development of consumer payment systems, particularly point-of-sale (POS) systems, has received little regulatory attention, in contrast to crypto assets, Chopra said:Continue Reading on Coin Telegraph More
In a Sept. 7 announcement, Republican lawmakers on the committee said they planned to hold a hearing discussing the implications of releasing a CBDC as well as “private sector alternatives.” The “Digital Dollar Dilemma” discussion will be held on Sept. 14, roughly two weeks before U.S. Securities and Exchange Commission Chair Gary Gensler will reportedly testify before the full committee.Continue Reading on Coin Telegraph More
Following this acquisition, Qala, an organization that provides training for African Bitcoin and Lightning engineers, has been rebranded as the Btrust Builders Program.According to reports on Sep. 6, the deal is a synergistic acquisition to advance Bitcoin development in Africa.While Btrust has the financial resources, it didn’t have the structure to develop the African Bitcoin talent pipeline. On the other side, Qala has the system in place but is lacking the resources to achieve its goal sustainably since, as a social enterprise, it doesn’t earn revenues.Prior to this agreement, Qala relied on grants from organizations, including Coinbase (NASDAQ:COIN) Giving and $100,000 from the Human Rights Foundation.Qala’s CEO, Femi Longe, and Stephanie Titcombe, a program manager, are now set to join Btrust as program leads for the new Btrust Builders program.The program will shift focus to open-source training, with an invitation for senior African software developers to participate in Bitcoin and Lightning development.On Feb. 11, 2021, Jack Dorsey and Jay-Z jointly pledged 500 BTC for Btrust to support teams working on a project in India and Africa. However, there were no specific directives from the co-founders.Btrust has since sponsored events like the maiden edition of the Africa Bitcoin Conference, scheduled from Dec. 5 to 7 in Ghana, as part of their larger mission to decentralize the development of Bitcoin.This article was originally published on Crypto.news More
