Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

August 10, 2022

Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

August 10, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Galaxy Digital’s Novogratz Doubts Bitcoin Will Pass USD 30,000 Barrier Soon

    August 10, 2022

    Bitcoin and Ethereum Consolidate, ZEC and CEL Rally

    August 10, 2022

    Bitcoin, Surf & My Crackdown on Gangs Bringing More Tourists than Ever to El Salvador, Says Bukele

    August 10, 2022

    Bollywood-like Drama Erupts as CZ Moves to Distance Binance from India’s WazirX Exchange

    August 10, 2022

    Reddit Community Points Ready for the Ethereum Mainnet Move

    August 10, 2022

    ‘Most Significant Legal Action’ Against Crypto in US, Hodlnaut Halts Withdrawals, Zipmex Releases Ethereum & Bitcoin + More News

    August 9, 2022

    EthereumPoW Fork Won’t ‘Significantly’ Harm Ethereum – Vitalik Buterin

    August 9, 2022

    Justin Sun, Poloniex Back Plan to Create a PoW Ethereum Hard Fork

    August 9, 2022

    Hong Kong Police Publish Details of USDT Fraud Case in Effort to Raise Public Awareness of Crypto Scams

    August 10, 2022

    Bitcoin Tests USD 24K, Ethereum Eyes USD 1.8K, Altcoins Rally

    August 9, 2022

    Nomad Announces a Multimilion Bounty for ‘White Hats’, Says USD 20M Returned Already

    August 9, 2022

    Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

    August 8, 2022

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    August 10, 2022

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    August 10, 2022

    Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

    August 10, 2022

    $475M in Bitcoin options expire this week — Are bulls or bears poised to win?

    August 10, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News
Altcoin

Banks Launch Stablecoin Consortium, Crypto Regulatory Discussion in Hong Kong + More News

CryptoReporterBy CryptoReporterJanuary 19, 2022No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
Traditional Chinese junkboat sailing across Victoria harbour, Hong Kong. Source: iStock/Onfokus 

 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

__________

Stablecoin news

  • The USDF Consortium, an association of the Federal Deposit Insurance Corporation (FDIC)-insured financial institutions, launched today with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin, USDF. The founding members include New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, Synovus Bank, Figure Technologies, Inc., and JAM FINTOP, they said.

Regulation news

  • The Hong Kong Monetary Authority (HKMA) issued a discussion paper on cryptoassets and stablecoins, which has taken into account, among other things, the international recommendations, the market, and regulatory landscape locally and in other major jurisdictions, and the characteristics of payment-related stablecoins. Members of the public and the industry are welcome to submit their responses by email by March 31, 2022.

Exchanges news

  • Brazil’s 2TM Group, the owner of crypto exchange MercadoBitcoin.com, announced the acquisition of a controlling stake in CriptoLoja, the first licensed Lisbon-based crypto exchange. The Brazilian holding company will start its expansion into Europe with an over-the-counter (OTC) operation, and as a second phase, it intends to take the entire MercadoBitcoin.com platform to retail and institutional investors.
  • On Wednesday, Coinbase announced that they have resolved an issue where customers with non-USD accounts were unable to view their asset balance value. The announcement came around six hours after they had tweeted that they were aware of the issue and working on a fix.
  • Coinbase also said they will be giving their employees one week off each quarter in 2022 to recharge after “long days and long weeks” of intense work. They added that “nearly the entire company will shut down” for four separate weeks this year as part of an experiment in allowing workers to recuperate after completing intense workloads.
  • Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and cryptoassets from within the growing metaverse industry. Currently included in the portfolio are Meta Platforms, Roblox, and other blockchain-based metaverse projects like Decentraland, The Sandbox, and Enjin (ENJ).
  • The Nova Scotia Securities Commission is warned that CoinRise, a crypto trading platform, is not registered “to engage in the business of trading in securities or derivatives in Nova Scotia.” CoinRise claims on its website to be Canada’s fastest-growing crypto trading platform.
  • Blockchain project Chia Network announced the launch of Offers, its first native, peer-to-peer exchange capabilities for anyone with a Chia wallet. To further support Offers, Chia partnered with Stably to launch USDS, the first dollar-denominated stablecoin on Chia Network.

Investments news

  • Banking platform SEBA Bank said it has raised CHF 110m (USD 119.98m) in a Series C funding round, co-led by Altive, Ordway Selections, Summer Capital, and DeFi Technologies, with participation from Alameda Research. SEBA previously raised a total of USD 126.5m, per Crunchbase data.
  • Web3 infrastructure solution Web3Auth announced a USD 13m Series A round led by Sequoia Capital India. The company plans to accelerate expansion into decentralized gaming, non-fungible tokens (NFTs), and social applications, as well as to advance its vision of making blockchains universally accessible.

Adoption news

  • The Republic of Palau and blockchain development firm Cryptic Labs announced the launch of the Root Name System (RNS), a digital residency program. To inaugurate the partnership between Palau, Cryptic Labs and the sovereign-backed digital residency program, Palau’s President Surangel S. Whipps Jr. signed an agreement to grant “all global users” digital residency through the RNS under the country’s Digital Residency Act.
  • Bitcoin (BTC) wallet Strike announced its launch in Argentina. Strike is already available in most US states and El Salvador.

Career news 

  • Malcolm Wright, former chief compliance officer at crypto exchange BitMEX, joined Shyft Network, a startup focused on helping crypto firms comply with global anti-money laundering (AML) rules.
  • According to former employees of Microsoft quoted by The Wall Street Journal, around 100 people have ditched the tech giant’s augmented reality team over the past year to join Meta Platforms. They claim that Meta (formerly Facebook) has been particularly focused on snapping up people who have worked on Microsoft’s HoloLens augmented reality (AR) headsets.

NFTs news

  • Major clothing retailer Gap said it will launch its first collection of NFTs, powered by Tezos (XTZ), on January 13. “For this launch, the brand is introducing a gamified digital experience celebrating creatives and giving customers the unique opportunity to own a limited edition, collectible Gap hoodie,” the company added.

Legal news

  • South African police are investigating a number of criminal cases brought by out-of-pocket investors who want two brothers, Raees and Ameer Cajee, arrested over an allegedly fraudulent crypto platform called Africrypt, which had cost investors USD 3.6bn in bitcoin, according to Bloomberg.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hong Kong Police Publish Details of USDT Fraud Case in Effort to Raise Public Awareness of Crypto Scams

August 10, 2022

Bitcoin Tests USD 24K, Ethereum Eyes USD 1.8K, Altcoins Rally

August 9, 2022

Nomad Announces a Multimilion Bounty for ‘White Hats’, Says USD 20M Returned Already

August 9, 2022

Bitcoin and Ethereum Stuck in a Key Range, FLOW Surges Over 50%

August 8, 2022

Bitcoin and Ethereum Struggle to Clear Hurdles, Altcoins Dip

August 8, 2022

Solana Blames Slope Wallet for Hack While Slope Says that ‘Nothing is Yet Firm’

August 8, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

August 10, 2022

Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

August 10, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

August 10, 2022

Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

August 10, 2022

Wealth managers and VCs are helping drive institutional crypto adoption — Wave Financial execs

August 10, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.