Several U.S. lawmakers have approached the Biden administration, requesting an investigation into the alleged use of cryptocurrency by terrorist groups. This request came in the form of a letter dated Nov. 15. The letter refers to earlier reports alleging that crypto wallets linked to Hamas and the Palestinian Islamic Jihad have received upwards of $41 …
Monthly archives: November 2023
House digital assets subcommittee hears testimony on role of crypto in crime and illicit finance
The U.S. House Subcommittee on Digital Assets, Financial Technology, and Inclusion heard testimony today from a panel of experts in a hearing titled “Crypto Crime in Context: Breaking Down Illicit Activity in Digital Assets. The hearing aims to examine the nature and extent of criminal activities within the digital asset ecosystem, with testimonies from experts …
Tether, Bitfinex victorious as court finalizes lawsuit dismissal
The court has finalized the dismissal of a class action lawsuit filed against Bitfinex and Tether after the plaintiffs in the case — Matthew Anderson and Shawn Dolifka — elected not to appeal the dismissal ruling, according to a Nov. 15 press release. Tether and Bitfinex issued a statement on the matter, saying the plaintiff’s …
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IMF managing director says CBDCs can replace cash, but urges public and private sector cooperation
The IMF believes that central bank digital currencies (CBDCs) have the potential to eventually supplant cash in the monetary system of the world, according to the watchdog’s managing director Kristalina Georgieva. Georgieva made the statement during a keynote address at the Singapore Fintech Festival on Nov. 15. Her speech highlighted the progress and challenges in …
Record 70% of Bitcoin supply lies dormant for a year or more
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …
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Commerzbank becomes first major German bank to obtain cryptocurrency custody license
Commerzbank has secured a cryptocurrency custody license, marking the first instance of a German full-service bank obtaining such approval from national regulators, according to a Nov. 15 statement. The bank acquired licensing from the German Federal Financial Supervisory Authority and the European Central Bank, in line with Article 1 Section 1a Sentence 1 No 6 …
Janet Yellen Says ‘Unbacked Crypto Assets’ To Be Discussed at APEC Summit in San Francisco
US Treasury Secretary Janet Yellen plans to discuss crypto assets at an annual meeting between economic leaders of Asian and Pacific countries. The 30th annual meeting between finance ministers of Asia-Pacific Economic Cooperation (APEC) countries is currently ongoing in San Francisco. APEC is a regional economic forum established in 1989 to promote trade and economic …
Sergey Nazarov Predicts Financial ‘Reckoning’ That Could Lead to Rapid Crypto Adoption
Chainlink (LINK) creator Sergey Nazarov says that a financial cataclysm could trigger a rush into digital assets and blockchain ecosystems. In a new interview with Ash Bennington on Real Vision, Nazarov outlines what he calls a “global correction back to reality” where blockchain technology is integrated with the financial system and other industries to bring …
Nocturne Launches on Mainnet To Bring Private Accounts to Ethereum
November 15, 2023 – New York, United States Nocturne – a protocol enabling on-chain private accounts – today announced the successful deployment of Nocturne version one to Ethereum mainnet. This marks a significant milestone in the journey towards a more private and accessible Ethereum. For the first time, users will have a compatible and easy-to-use …
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Blockchain Association Says Proposed Broker Rule Will Drive US-Based DeFi out of Existence
The Blockchain Association, a pro-crypto lobbying group, says new proposed crypto regulations from the U.S. Department of the Treasury will destroy the domestic decentralized finance (DeFi) sector. In August, the Treasury Department and the Internal Revenue Service (IRS) rolled out a new proposal that would lay out new reporting requirements for “crypto brokers.” Crypto broker …
US House Financial Services subcommittee looks for answers on crypto and crime
Reports on crypto funding terrorism and blockchain forensics were confusing, but everyone agreed on the need for collaboration and regulation. News Join us on social networks The United States House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion received an education in the uses of blockchain technology in a hearing titled “Crypto Crime …
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EEA Member Spotlight with Unicorn Ultra Network CMO Chloe Phung
As an EEA member, Unicorn Ultra Network (U2U) is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Unicorn Ultra Network CMO Chloe Phung about how the organization contributes to the Ethereum business ecosystem. Please introduce your company and yourself. My name …
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Capitalize On Blackrock Ethereum ETFs Price Surge With ETHETF Token – Witnessing 400% Gains Since Launch
A 400% gain for early DEX hunters from ETHETF Token is fuelling a robust Ethereum ETF narrative in the crypto market after the new token […] Go to Source
New Dubai-Based Crypto Exchange M2 May Slash Binance Business In Half As ”Crypto Cowboy” Era Ends, Says Shark Tank’s Kevin O’Leary
Binance may lose half of its business when new Abu Dhabi-based crypto exchange M2 is launched, bringing an end to the ”crypto cowboy” era, said […] Go to Source
Cathie Wood Says Gary Gensler’s Political Ambitions May Explain His Reluctance To Approve Spot Bitcoin ETFs
Ark Invest founder Cathie Wood suggested that Securities and Exchange Commission (SEC) chair Gary Gensler may be hesitating to approve a spot Bitcoin ETF (exchange-traded […] Go to Source