US FEDERAL RESERVE TO LAUNCH INSTANT PAYMENTS NETWORK FEDNOW IN JULY 2023 |1300 HKT | 0600 UKT | 16 March 2023

by Александр Пирогов | Mar 16, 2023 | Blog News

The US Federal Reserve has announced that its long-awaited instant payments system, FedNow, will launch in July. The system will allow payments to be settled within seconds between merchants, consumers and banks without using blockchain technology. The program has...

SEC CHAIR URGES REGULATION OF PROOF-OF-STAKE TOKENS AMID INDUSTRY DEBATE |1300 HKT | 0600 UKT | 16 March 2023

by Александр Пирогов | Mar 16, 2023 | Blog News

US Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated his stance that proof-of-stake tokens should be regulated as securities. Gensler encouraged token operators to seek compliance, as crypto firms try to avoid the security label and its associated...

NY REGULATOR SHUTS DOWN SIGNATURE BANK OVER DATA CONCERNS, DENIES CRYPTO BIAS ALLEGATIONS |1300 HKT | 0600 UKT | 15 March 2023

by Александр Пирогов | Mar 15, 2023 | Blog News

The New York State Department of Financial Services (NYDFS) reportedly denied claims of a bias against cryptocurrencies after shutting down Signature Bank on 12 March. The NYDFS spokesperson clarified that the bank’s closure was due to “a significant crisis of...

NATIONAL AUSTRALIA BANK COMPLETES FIRST CROSS-BORDER STABLECOIN TRANSFER ON PUBLIC BLOCKCHAIN|1300 HKT | 0600 UKT | 15 March 2023

by Александр Пирогов | Mar 15, 2023 | Blog News

National Australia Bank (NAB) has claimed the first-ever cross-border stablecoin transfer by a major financial institution on a layer 1 public blockchain. NAB’s fully backed AUDN stablecoin, pegged to the Australian dollar, was used for the intrabank transfer. The...

BINANCE TO HALT STERLING DEPOSITS AND WITHDRAWALS AFTER PAYSAFE PULLS OUT |1300 HKT | 0600 UKT | 15 March 2023

by Александр Пирогов | Mar 15, 2023 | Blog News

Crypto exchange Binance will reportedly suspend sterling deposits and withdrawals after being informed by its partner Paysafe that the service will be halted from 22 May. The move will affect all Binance customers, and sterling transfers for new users have already...

SOUTH KOREAN GOVERNMENT INVESTS US$18.1 MILLION IN METAVERSE FUND TO DRIVE METAVERSE INITIATIVES |1300 HKT | 0600 UKT | 13 March 2023

by Александр Пирогов | Mar 14, 2023 | Blog News

South Korea’s Ministry of Science and ICT has invested 24 billion Korean won (US$18.1 million) in a fund aimed at driving metaverse initiatives in the country. The fund will support mergers and acquisitions of companies in the metaverse ecosystem and assist...