The central bank wants full control of eNaira, and is in early talks with blockchain platform R3 to develop the technology, according to the report. Source link
Nigeria's Central Bank in Talks With Blockchain Platform R3 for CBDC Revamp: Bloomberg
Tag: Bloomberg
Crypto in Hong Kong Getting Soft Backing From Beijing: Bloomberg
Report says officials from China’s Liaison Office have been spotted at crypto events in the City. Source
Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg
Singh, 27, is a graduate of the University of California at Berkeley, where he met his longtime girlfriend, Claire Watanabe, who would later join FTX as its head of marketing and HR. The pair resided in the luxurious Bahamas penthouse with Bankman-Fried, Ellison, Wang and a goldendoodle dog. Source
Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
Binance founder and CEO Changpeng Zhao is looking to end relationships with U.S. banks and service firms, and is also re-evaluating its U.S. venture capital investments, according to Bloomberg’s source. Binance is also considering delisting tokens issued by U.S.-based projects, including Circle’s USDC stablecoin, Bloomberg wrote. Source
SEC to Make it Harder for Hedge Funds to Work With Crypto Firms: Bloomberg
The rule change would make it harder for crypto firms to become “qualified custodians,” according to the report. Source
Binance Hires Former Gemini-Exec as Chief Compliance Officer: Bloomberg
Perlman started in the role at Binance in January, having spent two and a half years as COO of Gemini and previously one year as CCO. Source
Biden to Name Fed Vice Chairwoman Lael Brainard as Top Economic Adviser: Bloomberg
Brainard said the Fed has been “closely monitoring recent events where risks in the system have crystallized and many crypto investors have suffered losses,” according to a copy of the speech. “Strong regulatory guardrails will help enable investors and developers to build a resilient digital native financial infrastructure.” Source
Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg
CryptoX – Cryptocurrency Analysis and News Portal Bloomberg reported on Monday that Circle tipped off the New York Department of Financial Services (NYDFS) in the fall of 2022, complaining that blockchain data revealed Binance did not have enough reserves to back up the BUSD tokens it had issued through Paxos. Bloomberg cited a source familiar with the matter. Source The post Circle Sounded Alarm on Paxos, Told NYDFS Binance’s Stablecoin Wasn’t Fully Backed: Bloomberg appeared first on CryptoX. CryptoX Portal
PayPal Puts Stablecoin Project on Hold: Bloomberg
Yesterday it was reported that PayPal crypto partner Paxos was being by the NYDFS Source
Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The SEC is in the late stages of an investigation of the company’s possible sale of unregistered securities, according to the story. Source