“With a diversified product suite, exceptional crypto talent, and one of the largest user bases in Canada, the combined company will be well-positioned to pursue its aggressive expansion plans,” CoinSmart CEO Justin Hartzman said in the statement. “While the crypto market is in the building phase of its life cycle, this transaction will provide the torque needed to be in a favorable position entering the next bull run.” Source
“Given the increasing prevalence of digital assets, the Department of Defense and other federal agencies need to have better tools to understand how digital assets operate and how to leverage their jurisdictional authority over digital asset markets globally,” Adam Zarazinski, CEO of Inca, said. Source
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The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has been designed in a way that is easy to track, and even if the data on the smartphones are hacked, the crypto rial can be tracked.” ‘Crypto Rial’ Pilot Launches Today The Central Bank of Iran (CBI) announced Wednesday that it will begin “the pilot launch of crypto rial” on Thursday, according to Iran’s Chamber of Commerce,…
Funko has teamed up with the multinational retail corporation Walmart and the American film and entertainment studio Warner Bros. to bring digital collectibles to the retail space, the pop culture collectibles firm announced on Wednesday. According to Funko, the digital collectible offering is consumer friendly as fans can purchase the non-fungible token (NFT) and physical collectible simultaneously. Funko, Warner Bros., and Walmart to Drop NFTs Tied to Physical Collectibles The company that’s well known for creating unique bobbleheads and vinyl figurines, Funko (Nasdaq: FNKO), has announced a partnership with the…
A United States crypto advocacy group, the Chamber of Digital Commerce (CDC), has been granted approval from the Court of Southern District of New York to participate as an amicus curiae in the U.S. Securities and Exchange Commission (SEC) case against Ripple Labs. The status of “friend of the court” permits them to assist a court by providing information, expertise or insight. An order was signed by Judge Analisa Torres on Sept. 21. The CDC shall file its brief by Sept. 26. While explaining its interest in the case, the…
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including the People’s Republic with its digital yuan project. Trials of Digital Hong Kong Dollar Planned for Q4 Hong Kong intends to begin testing a currency called the e-HKD, a digital incarnation of the Hong Kong dollar, in the remaining months of the year. The trials…
Nomura, one of the largest investment banks in Japan, has established a venture capital arm aimed at investing in companies focusing on crypto and blockchain. In a Wednesday announcement, Nomura said the business, named Laser Digital, will “provide new value in the area of digital assets” for clients under the Switzerland-based holding company Laser Digital Holdings AG. The investment bank said it chose Switzerland based on its “robust regulatory regime for digital assets and blockchain projects” in addition to potentially recruiting talent. “Staying at the forefront of digital innovation is…
La legislación, en general, requeriría que las stablecoins estuvieran totalmente respaldadas por activos de reserva. Las llamadas “stablecoins de pago” serían aquellas que están respaldadas por activos líquidos, mientras que las algorítmicas, denominadas “stablecoins con garantía endógena”, estarían restringidas. Por su parte, los tokens existentes contarían con una protección por dos años y la emisión de nuevos tokens estaría cerrada por el mismo período mientras los reguladores los analizan. Source
“We do not see a path for Congress to enact stablecoin legislation this year as the Senate is far behind the House on this issue,” Jaret Seiberg, an analyst with Cowen, wrote in a Wednesday research note. “If the House votes, it will create a foundation for early action next year in the House regardless of which party controls the chamber.” Source