Chinese authorities have proposed a ban on converting virtual gaming tokens to fiat currency in a preemptive move to regulate the burgeoning Web3 gaming sector. The proposed rules were introduced as part of a larger draft of new regulations for the gaming industry. They aim to exert tighter control over the digital economy, particularly in …
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Paxos, a major player in the stablecoin market, has secured regulatory approval from the New York Department of Financial Services (DFS) to expand its stablecoin offerings to the Solana blockchain, according to a Dec. 22 Fortune report. This marks a significant development, as Paxos was previously limited to issuing its Pax Dollar (USDP) stablecoin exclusively …
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BarnBridge DAO, a decentralized finance (DeFi) platform and its founders have agreed to a $1.7 million settlement with the Securities and Exchange Commission (SEC) for the unregistered offer and sale of their structured crypto asset securities, known as SMART Yield bonds. The SEC announced the settlement, which includes a cease and desist clause preventing further …
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Ripple CEO Brad Garlinghouse launched a withering attack on US Securities and Exchange Commission (SEC) chair Gary Gensler after the regulator posted a tweet about […] Go to Source
Solana (SOL) surged in the past 24 hours to bring it within a whisker of becoming the world’s fourth-largest cryptocurrency by market capitalization. And it […] Go to Source
Developments regarding the approval of the dozen or so applications sitting with the Securities and Exchange Commission continue to add to expectations of an early […] Go to Source
A top official in Argentina says that the South American country will recognize contracts denominated in Bitcoin (BTC). According to Argentine Minister of Foreign Affairs, International Trade and Worship Diana Mondina, the law that sanctions the settlement of obligations in non-legal tender applies to the flagship cryptocurrency and other digital assets. “We ratify and confirm …
A widely followed crypto analyst is diving deep into the altcoin markets, predicting what may lie ahead. Pseudonymous crypto trader Rekt Capital tells their 377,900 followers on the social media platform X that the market for all cryptocurrencies excluding the top 10 cryptos by market cap has seen obstacles in the past month. “Altcoin Market Cap …
David Schwartz thinks real-world asset (RWA) tokenization is primed to “drive the blockchain economy.” Schwartz, Ripple’s chief technology officer (CTO), predicts that real estate and commodities will lead to RWA tokenization. “Tokenized RWAs on XRP Ledger will enhance collateralized loans, improve interoperability, and attract institutional adoption, reshaping the financial sector. XRPL will be a leading …
Deep-pocketed crypto traders are abruptly shifting hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH) and other digital assets to and from prominent crypto exchange platforms. New data from whale-surveying platform Whale Alert reveals that high-net-worth investors are moving over $400 million worth of the flagship crypto assets and over $70 million worth …
A county in Houston, Texas is gearing up to launch a new basic income program that will provide monthly cash assistance to nearly 2,000 families. In a new press release, Harris County says it is giving away more than $17 million to 1,928 households who are struggling to make ends meet through the Uplift Harris …
Financial markets regulators in France just granted USDC stablecoin issuer Circle a conditional registration as a Digital Asset Service Provider (DASP). The French Financial Markets Authority (AMF) requires DASPs to register to operate as a crypto trading platform or to provide services related to digital asset custody, buying and selling of cryptocurrencies in a legal …
In the dynamic landscape of blockchain gaming, PLXYER emerges as a revolutionary force, bridging the gap between game creators and the global gaming community. Pronounced as ‘player,’ PLXYER is a comprehensive Web 3.0 game distribution platform that embodies a creator-centric approach, fostering an ecosystem where players, creators and token holders thrive. At its core, PLXYER …
2023 saw an unprecedented wave of regulatory actions around cryptocurrencies around the world, but nowhere was the change more noticeable than in the United States. Preceded by an opening salvo in August 2022, when the Treasury Department applied sanctions to the Ethereum coin mixer Tornado Cash, 2023 saw clampdown after clampdown, from multiple SEC suits …
Continue reading “The State of Play: Unpacking crypto policy progress in Washington, D.C.”
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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