Acting Comptroller Brian Brooks continues his work to reach across the aisle with pledges from major players to support minority-owned banks. The U.S. Treasury’s Office of the Comptroller of the Currency is expanding an outreach program designed to provide access to minority depository institutions, or MDIs. Per a Thursday announcement shared with Cointelegraph, the OCC’s […]
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Potential customers in the U.S. are apparently holding off from using Ripple’s XRP-related services due to regulatory uncertainty. As Ripple reportedly prepares to relocate its headquarters outside of the United States, it turns out that only 5% of the company’s clients are based in the country, according to the firm’s CEO. On Dec. 2, Ripple […]
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Bitcoin recovers above $18,500 over the weekend, but the giant BTC futures gap that has now emerged may trigger yet another pullback. Bitcoin (BTC) is back this week as a rebound takes the largest cryptocurrency ever closer to new all-time highs — what’s in store? Cointelegraph takes a look what could move Bitcoin markets in […]
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Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week’s Law Decoded. Editor’s note As many of you were certainly following in real time, a bull market gave way to a bloodbath yesterday, which happened to be Thanksgiving in the U.S. Personally, I’ve never thought that Bitcoin’s price was any sort […]
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Libra will initially be pegged to just one fiat currency. The long-awaited digital currency Libra could finally see the light of day as soon as January 2021, according to a new report. Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital […]
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The CEO thinks his company will be just fine, even in this hypothetical scenario. Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by U.S. lawmakers. Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications of XRP being declared a […]
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Ethereum 2.0 is no longer about just the potential to bring Ethereum to a much more diverse audience than ever before. On June 19, 2020, Ethereum increased its gas limit by 25% from 10 million to 12.5 million. In no less than two days, this newfound capacity was used up, bringing the block use right […]
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Russia’s prime minister proposed recognizing crypto as property under the nation’s tax code. Russian prime minister Mikhail Mishustin has appeared to express support for the further development of the local cryptocurrency market. At a recent governmental meeting held on Nov. 26, Mishustin proposed the introduction of legal protections for crypto holders in the country in […]
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The U.S.-based exchange has told users that they may experience some intermittent delays or errors while transacting. Major United States-based cryptocurrency exchange Coinbase is experiencing “elevated error rates on some backend systems due to an AWS service outage” according to an official post on Nov. 25 shortly after 7:00 pm PST. In an announcement, posted nine […]
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A U.S. bankruptcy judge has rejected a motion to freeze the assets of beleaguered crypto lending service that was filed by its users. U.S. Bankruptcy Judge John Dorsey has denied an emergency motion filed by 15 customers of the embattled crypto lending firm Cred Inc. to freeze crypto assets held by the firm on exchanges […]
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