Crypto Dive

2022-06-03 21:42:04 Japan passed a legal framework around stablecoins, essentially establishing them as a digital currency. The stablecoin must be tied to the yen or another legal currency and be redeemable for a face value. But there is a catch, sfablecoins can only be issued by registered financiers. This makes these stablecoins basically iedentical to the currency you have in your bank account, but just on the blockchain. So the only value these stablecoins bring is to the financial institution and government because these stablecoins could serve as a smooth transition to Central Bank Digital Currency (CBDC).

https://www.bloomberg.com/news/articles/2022-06-03/japan-passes-stablecoin-bill-that-enshrines-investor-protection Open / Comment

2022-06-02 21:56:26 Goldman Sachs' annual Insurance Survey includes cryptocurrency for the first time, shows insurers begin to warm to crypto investing — link | survey Open / Comment

2022-06-02 21:39:31 Women will help power the price of Bitcoin (BTC) past $250,000 each, billionaire investor Tim Draper said, bullish on the cryptocurrency. This is because women control 80 percent of retail spending and their use of BTC to buy things will boost its price, he said.

https://cointelegraph.com/news/tim-draper-women-will-drive-the-next-bitcoin-bull-market/amp Open / Comment

2022-06-01 01:40:02 Binance will launch Refugee Crypto Card for Ukrainians forced to leave Ukraine and move to EEA countries. Refugees who are verified by local non-profit organizations and applied for the Binance Refugee Crypto Cards will receive US$75 per month for three months.

https://www.binance.com/en/blog/charity/binance-to-launch-refugee-crypto-card-for-ukrainians-forced-to-leave-ukraine-421499824684903753 Open / Comment

2022-05-26 10:05:12 Binance CEO and Kazakhstan authorities signed an agreement to develop crypto adoption in the country.

Binance will be advising and helping regarding the legislative framework and regulatory policy for cryptoassets in the republic.

Together with the Ministry of Digital Development, the parties will look for opportunities to integrate the banking infrastructure into the crypto market and promote the development and implementation of the blockchain. — link Open / Comment

2022-05-24 22:06:39 Fidelity, one of the largest financial services corporations, recently announced that it will allow its clients to allocate part of their retirement savings to bitcoin. Since August 2020, Fidelity offered its clients exposure to bitcoin. As of May 23, Fidelity’s bitcoin index fund surpassed $125 million in investments — link Open / Comment

2022-05-22 07:22:26 Do Kwon, the creator of the stablecoin TerraUSD (UST) and its sister token Luna, is facing legal prosecution in South Korea for the collapse of these coins — link Open / Comment

2022-05-22 06:56:20 My new video premiered that explains why stable coin UST failed, and whether it's a good time to buy LUNA with animations:




The crash of UST had an immense effect on the crypto market and community and was all over the news. Open / Comment

2022-05-19 02:33:47 Ledger, a company behind the popular hardware wallet, is adding a browser extension on Safari called Ledger Connect that will allow users of Ledger hardware wallets to easily connect with Web 3 applications without the need for third party dependencies. Ledger Connect also has a security feature that will notify customers when certain apps appear suspicious: https://www.coindesk.com/business/2022/05/17/ledger-adding-browser-extension-to-connect-hardware-wallets-to-web-3-apps/ Open / Comment

2022-05-16 22:15:31 The president of El Salvador, the first country to adopt Bitcoin as a legal tender, announced that 32 central banks and 12 financial authorities are meeting in the country to discuss Bitcoin.

Central Bank of São Tomé and Príncipe
Central Bank of Paraguay
National Bank of Angola
Bank of Ghana
Bank of Namibia
Bank of Uganda
Central Bank of the Republic of Guinea
Central Bank of Madagascar
Bank of the Republic of Haiti
The Bank of the Republic of Burundi
Central Bank of Eswatini and its Ministry of Finance
Central Bank of Jordan
Central Bank of The Gambia
National Committee of Banks and Seguros of Honduras
Directorate General of Treasury
Ministry of Finance and Budget Madagascar
The Maldives Monetary Authority
And others…

https://bitcoinmagazine.com/markets/el-salvador-president-nayib-bukele-announces-countries-to-discuss-bitcoin Open / Comment