Day: January 18, 2023

Spain’s central bank approves euro-linked token pilot as part of sandbox initiative: Report

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The financial sandbox ar of the Bank of Spain, or Banco de España, has reportedly approved a project from fintech firm Monei testing a token linked to the euro. According to a Jan. 18 report from Spain-based news outlet Cinco Días, the Bank of Spain gave the green light to Monei to issue its EURM token as part of a testing phase expected to last between 6-12 months. The sandbox was aimed at establishing a controlled testing environment for financial innovations projects in Spain under the supervision of central bank…

Will A Correction Impact The Recent Rise?

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Solana has been one of the top performers in the cryptocurrency market, with gains of over 89% in 30 days, 131% in 14 days, and 63% in 7 days. In the face of claims that the SOL network is failing, the token’s price needs a slight upward boost to gain back the support of investors. After dropping to a low of $8.01 in December, its price has increased dramatically in recent weeks and is now trading above the $20.00 level.  Solana Surge After The Months When Solana’s native token SOL…

Binance registers as virtual asset service provider in Poland

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Cryptocurrency exchange Binance announced plans on Jan. 18 to enhance its local presence in Poland while remaining compliant with local regulations.  Binance Poland sp. z o.o., Binance’s Polish entity, will adhere to Polish regulatory standards for virtual asset service providers (VASPs), which require Polish users to sign new terms and conditions with Binance Poland in order to continue using the company’s services.  Witam, Poland #Binance is fully compliant with Polish regulatory standards for virtual asset service providers (VASPs). This registration enables #Binance to provide crypto asset exchange and custody services in the…

Sam Bankman-Fried Disputes FTX US ‘Shortfall’ Claims, Critics Skeptical of Excel Spreadsheet Defense – Bitcoin News

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Following an update from FTX debtors about the $5.5 billion discovered by administrators during an investigation, former FTX CEO Sam Bankman-Fried (SBF) took to Twitter to share a blog post from his Substack newsletter. SBF stated that the presentation published by litigation firm Sullivan & Cromwell is “extremely misleading” and that FTX US is solvent and “always has been.” SBF Claims Misrepresentation by Litigation Firm, Twitter Critics Doubt Solvency Sam Bankman-Fried (SBF) is providing additional information in response to the recent press release and 20-page presentation document issued by FTX…