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2022-12-19 09:14:02 G20 Countries to Build Crypto Policy Consensus for Better Global Regulation

The G20 countries aim to build a policy consensus on crypto assets for better global regulation. “After the crypto meltdown which we have seen recently, it is clear that we need internationally agreed standards on regulation,” said the International Monetary Fund (IMF)’s. The G20 finance and central bank deputies met for the first time under India’s presidency on Dec. 13-15 in Bengaluru. Ajay Seth, India’s economic affairs secretary, said at a news conference Wednesday that the G20 nations aim to build a policy consensus on crypto assets for better global regulation. Noting that the implications of crypto assets for the economy.

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2022-12-19 03:14:00 Binance to Help Azerbaijan With Crypto Regulations

Cryptocurrency exchange Binance has offered to support Azerbaijan in efforts to establish regulations for digital assets. The leading coin trading platform has been active in the region this year, seeking to expand market presence and increase interaction with authorities. The world’s largest exchange for crypto assets, Binance, is ready to provide support to the Central Bank of Azerbaijan (CBA) in elaborating mechanisms for crypto regulation, the company’s Director of Governmental Relations in the Commonwealth of Independent States (CIS) Olga Goncharova told local media. noting that traders in CIS countries show interest in its products.

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2022-12-18 22:07:00 San Luis in Argentina to Create Dollar-Pegged Stablecoin

The Argentinian province of San Luis has passed a bill allowing it to issue a dollar-pegged stablecoin. The new law will also give local artists the chance to have their work minted as NFTs. The bill, called “Financial Innovation for Investment and Social Economic Development” is the latest step for the region’s move towards digitization. The purpose of the law is to harness blockchain for the region’s benefit. These benefits include “financial innovation”, and “social, economic, cultural, and financial inclusion.”

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2022-12-18 15:41:02 SEC Rejects Grayscale ETF as Hong Kong Debuts See Gains

The Securities and Exchange Commission has reaffirmed its decision to reject Grayscale’s application for a Bitcoin exchange-traded fund (ETF). Grayscale’s proposal to convert its Bitcoin Trust into an ETF in June earlier this year. Grayscale argued that the SEC was discriminating against ETFs investing in spot Bitcoin. Upon receiving the rejection, Grayscale sued the SEC. It claimed the regulator was applying an unfair double standard by allowing exclusively Bitcoin futures ETFs on the market. the SEC was putting its shareholders at an unfair disadvantage.

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2022-12-18 09:14:02 TrueUSD launches TRON-based stablecoin TCNH pegged to Offshore Chinese Yuan

The TrueUSD (TUSD) team announced the release of a new stablecoin, TCNH, linked to the Offshore Chinese Yuan (CNH) at a 1:1 ratio. TCNH will be deployed on the TRON (TRX) blockchain, where users can buy, hold, and trade the token. Offshore currencies are defined as those that are held and exchanged outside of the nation that issued them while also not being subject to the financial restrictions of the issuing country. They are often used for foreign currency reserves, overseas investments, and international settlements. TrueUSD products, it is audited by some of the most prestigious accounting firms in the world.

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2022-12-18 03:25:06 Bankman-Fried said he ‘doesn’t give a sh*t’ about his legacy 3 months before FTX collapse

FTX founder Sam Bankman-Fried (SBF) was once touted as the cryptocurrency king, a reputation that has eroded with the exchange’s collapse resulting in his arrest over fraud charges. Before the collapse. Bankman-Fried had exuded confidence about the trading platform’s future, sharing the plans to expand FTX and his legacy. Indeed, in an interview (min 23:40) with CNBC on September 16, Bankman-Fried noted that he does not care about his legacy in the crypto space, maintaining his primary focus was on creating impact.

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2022-12-17 21:14:01 Shaq becomes latest celebrity to distance himself from FTX, crypto

FTX tweeted details of an endorsement with O’Neal, referring to the four-time NBA Championship winner as Shaqtoshi. The accompanying advert depicted O’Neal wearing a Sam Bankman-Fried wig and talking about being an everyday guy with an FTX. As part of its marketing policy, FTX enlisted many celebrities and crypto influencers, including Anthony Pompliano, Kevin O’Leary, Larry David, Tom Brady, and Steph Curry.FTX group filed for Chapter 11 bankruptcy following a run that depleted company reserves. Days before the filing, former FTX CEO Sam Bankman-Fried denied rumors of insolvency.

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2022-12-17 15:25:12 Solana active developers decline 90% in 2022, but SOL devs dispute findings

Solana’s (SOL) active developers have declined by over 90% to 75 developers from around 2,500 recorded in January, according to Token Terminal data. According to the data aggregator, developers within the Solana ecosystem peaked on Jan. 9 when it hit 2,453. Token Terminal determines an active developer based on an ecosystem through the “number of distinct GitHub users that made 1+ commits to the project’s GitHub repositories during the past 30 days.”.Superteam, a community of developers working on projects within the Solana ecosystem, tweeted, “this is incorrect to say the least. There were more devs on our community call yesterday.”

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2022-12-17 09:13:59 Amber Group reportedly looking to downsize despite raising $300M

Amber Group announced that it raised $300 million on a Series-C funding round on Dec.16. It also revealed plans to lay off up to 400 employees and cancel performance-based bonuses, as reported by Bloomberg News. Amber Group initially responded to the Bloomberg News article stating the company was “business as usual” following a statement that claimed there had been “certain false allegations against Amber today, our legal counsel will issue an official statement shortly and take potential legal actions.”.The news regarding the latest funding round revealed it to be led by Fenbuhi Capital US.

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2022-12-17 03:14:00 Coinbase creates self-service recovery of unsupported ERC-20 tokens sent to exchange

Leading crypto exchange Coinbase has announced the launch of its asset recovery tool, which enables users to recover up to 4,000 unsupported ERC-20 tokens. Dec. 15 that it has developed a self-service recovery tool for ERC-20 tokens. Previously, users who sent tokens not registered on the Coinbase Ledger were at risk of not receiving them in their wallets. As a result, the funds remained unrecoverable since Coinbase does not have access to the private keys needed to reverse the transactions. Eligible Coinbase users can easily redirect lost assets to their self-custodial wallet, without disclosing their private keys.

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