World’s Largest Regional Organization to Switch to Settlements in National Currencies
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of...
Month: April 2023
Mauritius planning to launch pilot project for retail digital rupee late this year
The governor of the Bank of Mauritius told a meeting of central bank technologists about the development of the island...
ChatGPT, Midjourney, other AI tools to make their way into EU legislation
The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of...
Binance to reenter Japan via acquired regulated exchange SEBC
Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start...
European bankers on digital euro: ‘ECB has no interest in users’ personal data’
While anonymity still stands as the core issue of a European CBDC, the inevitable competition with private banks also raises...
Fed, NYDFS assess their supervisory performance after March’s big bank failures
Internal reviews of the supervision of Silicon Valley Bank and Signature Bank have been released, showing weaknesses on the part...
Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance
This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US...
UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined
The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending. Welcome to...
Venmo will enable fiat-to-crypto payments in May
Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto...
Terra Classic Advocates Propose Plan to Re-Establish USTC’s Peg With US Dollar, Token’s Value Surges by Over 9%
Almost 12 months back, terrausd (UST), an algorithmic stablecoin, suffered a detachment from the U.S. dollar, causing the Terra ecosystem...
US Government in Talks to Rescue Struggling First Republic Bank, Sources Say
Sources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The...
Bitcoin Blockchain Surpasses 2 Million Ordinal Inscriptions Milestone in Just Over 4 Months
As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to...
Major UK Banks Lloyds and Halifax Experience Service Disruptions
Several U.K. banks suffered a service outage earlier today. The downtime left thousands of customers stranded and unable to access...
Amazon Posts $3.2B in Profit as Q1 Earnings Beat Estimates
Amazon has released its earnings report for the first quarter of 2023. The company has turned its fortunes around, increasing...
Tax law researchers propose IRS framework for deducting crypto losses
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are...
