September 28, 2022

Biden’s cryptocurrency framework is a step in the right direction

[ad_1] The White House released its first comprehensive framework this month for the Responsible Development of Digital Assets following President Joe Biden’s March 9 executive order. The order called for regulators to assess the industry and develop recommendations to safeguard investors while simultaneously promoting innovation. While more work is needed, the framework is a step …

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JPMorgan’s CEO feels threatened by disruption in payment systems: Kevin O’Leary

[ad_1] JPMorgan Chase’s CEO Jamie Dimon feels threatened by how the crypto space is disrupting the payment systems, stated the Shark Tank host and multi-millionaire venture capitalist Kevin O’Leary speaking at a Converge22 panel on Sept 28.  O’Leary made his remarks after Dimon declared himself as a “major skeptic” on “crypto tokens, which you call …

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Genesis director to step down and move into advisory role

[ad_1] On Wednesday, Matthew Ballensweig, managing director of cryptocurrency broker Genesis, announced via Linkedin that he was formally leaving his post after over five years of tenure. Ballensweig is also the co-head of sales and trading. As told by Ballensweig, he has been transitioning his core responsibilities to a handful of trusted colleagues who will …

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Voyager’s auction did not serve depositors’ best interests, alleges Wave Financial rep

[ad_1] The assets of crypto brokerage firm Voyager Digital would face a drastically different fate if FTX did not win the bid, claimed a spokesperson of Wave Financial while speaking to Cointelegraph. The spokesperson arguin that better bids were on the table, but they “were passed over for strictly cash offers.” Wave, an SEC-registered digital …

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Circle CEO says blockchain industry is transitioning from dial-up to broadband phase

[ad_1] At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said: “It is an architecture that the internet was founded on many …

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Bank of England Deputy Governor Cunliffe on DLT securities settlement: Not so fast!

[ad_1] There’s more to crypto than just assets, Bank of England deputy governor Sir Jon Cunliffe reminded the Association for Financial Markets in Europe conference in London on Sept. 28. The distributed ledger technology (DLT) behind crypto assets has far-reaching implications for traditional markets and interoperability.  DLT will touch on trading, clearing, settlement and custody as it …

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Bitcoin holds $19K, but volatility expected as Friday’s $2.2B BTC options expiry approaches

[ad_1] This week the $20,000 resistance is proving to be stronger than expected and even after Bitcoin price rejected at this level on Sept. 27, BTC bulls still have reasons to not give up.  According to the 4-month-long descending triangle, as long as the $18,500 support holds, Bitcoin price has until late October to determine …

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Pantera plans to raise $1.25B for second blockchain fund: Report

[ad_1] Dan Morehead, founder and CEO of Pantera Capital, reportedly said the hedge fund was planning to raise $1.25 billion for a second blockchain fund. According to a Sept. 28 Bloomberg report, Morehead said Pantera aimed to close the blockchain fund by May. The fund will reportedly invest in digital tokens and equity in an …

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Cointelegraph Store introduces Halloween Crypto Monsters merch

[ad_1] From all-time highs to massive price dips, the crypto market can be tricky to navigate, which is why traders need cool merchandise that can get them all the treats this Halloween. Cointelegraph is here to assist and has dropped a Halloween collection to help hodlers express their belief in the industry’s bright future when …

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Bank of Ghana to foster financial inclusion through CBDC project

[ad_1] As more countries make progress in terms of developing and implementing central bank digital currencies (CBDCs), Ghana’s central bank aims to keep up and complete its research on CBDCs with the goal of financial inclusion, according to Kwame Oppong, the head of fintech and innovation at the Bank of Ghana. In an interview with …

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