U.S. Sen. Tim Scott (R-S.C.), the top Republican on the Senate Banking Committee who may be in position to be its next chairman, argued at a Bitcoin 2024 appearance on Friday that the government should “make it easy” for the crypto industry to innovate in the U.S. Source
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FINMA’s guidance, which builds on an initial note from 2019, sets out a number of requirements to ensure adequate protection. Customers must have their own claim against the guarantee-providing bank, and the guarantee must cover the full amount of deposits and interest. In addition, the bank must ensure that the deposits it receives don’t surpass the cover provided by the guarantee. Source
“Ledger Flex”, like the Stax wallet which launched in May, incorporates touchscreen technology to “redefine the experience of self-custody,” CEO Pascal Gauthier said. Source
“As a global financial centre and transport hub with a significant migrant workforce, Singapore remains a potential source of funds for terrorists and terrorist organisations abroad,” the report said. “Our strongest defence is our collective vigilance.” Source
Since testing the 50-day simple moving average support near $63,500, the leading cryptocurrency has bounced sharply to breach $67,000, CoinDesk data show, and is closing on a resistance line identified by the trendline connecting March and April highs. The so-called descending trendline proved a tough nut to crack on Monday – as well as when it last came into focus in May – becoming a level to beat for the bulls. Source
Wisconsin’s public pension plan – the State of Wisconsin Investment Board, which has roughly $156 billion in assets under management – is the biggest pension plan to dive into crypto so far, with a $160 million investment into spot bitcoin ETFs earlier this year. Some small pension funds like the Houston Firefighters’ Relief and Retirement Fund, which has about $5 billion in assets under management, have been invested in crypto for several years. Source
She may not be appearing at Bitcoin Nashville this year alongside Donald Trump. But, if elected president, Kamala Harris could reshape the U.S.’s policy on digital assets. Penn State Dickinson Law professor Tonya Evans sketches out what could (and should) be her agenda. Source
The eight spot ether exchange-traded funds had a successful launch on Tuesday, despite the missing staking feature that many investors had hoped to profit from. Source
For those who don’t get their money out in votes, they’ll have the option to withdraw come Solana’s Breakpoint conference in September. At that point, the lock freeze will thaw and with it a pile of extra tokens from $GREED’s partner protocols: Samoyed memecoin, the Marms NFT collection, Texture, Famous Fox Federation, Racket and Cyberfrogs. They all pitched in an assortment of tokens and NFTs that will go to those who leave their money in $GREED to the end. Source