RockX launches $20 million investment program for the Polkadot ecosystem
The Polkadot ecosystem is set to get a $20m boost from RockX Go to Source Powered by WPeMatico
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Polkadot treasury established to fund projects ‘that give traction to the network’
Polkadot has launched the Polkadot Treasury to fund proposals from developers within the community and multiple proposals have already been submitted. Go to Source Powered by WPeMatico
Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts
A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. Go to Source Powered by WPeMatico
Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities
A number of crypto businesses and non-profits have written to the main banking regulator in the U.S. asking for banks to have more authorization to deal with crypto. Go to Source Powered by WPeMatico
Former US Treasury Head Calls Payment ‘Friction’ the Best Argument for Crypto
Clinton-era Treasury Secretary Summers doesn’t buy some of the crypto community’s anarchic sentiments but agrees that they are solving a major problem. Go to Source Powered by WPeMatico
Law Decoded: Of Street Marches and Market Manipulators, May 30–June 5
As protests rage throughout the United States, this week’s biggest moves in crypto law were behind the scenes. Go to Source Powered by WPeMatico
Minting Basic Income – US Lawmaker Asks Treasury to Issue Two $1 Trillion Coins With No Debt
The U.S. is now facing the onslaught from the coronavirus outbreak. During the last two weeks, bureaucrats have shut down multiple industries while the Federal Reserve has injected trillions into the hands of private banks. Bipartisan members of Congress have been penning a 2020 stimulus plan, as the government may send $1-2K to every American … Read more
US Charges North Korea-Linked Chinese Nationals for Laundering Over $100 Million in Stolen Cryptocurrency
The U.S. government has charged two Chinese nationals involved in laundering stolen cryptocurrency worth $100 million from an exchange allegedly for the benefit of North Korea. They are linked to the U.S.-designated North Korean state-sponsored Lazarus Group. A total of 113 cryptocurrency accounts and addresses used to launder funds have been identified. Also read: SEC … Read more
Tether Treasury Holds Nearly 30% of Total USDT Supply
The “Tether Treasury’s” USDT wallet has rapidly risen up the ranks to become the top holder of the stablecoin, suggesting that some market participants may have managed to successfully withdraw their holdings from circulation. The removal of roughly 28.5 percent of the total number of Tether in circulation has coincided with a significant depletion in … Read more
Treasury Committee Criticizes UK Regulators’ “Unsustainable” Crypto Stance
The parliamentary report published by the UK Treasury Committee has advocated for regulation of the “wild west” crypto-assets sector. The report criticizes the “ambiguity” of the current stance of UK regulators, arguing that with effective regulations, the United Kingdom could become a “global center” for the emerging cryptocurrency sector. Also Read: Brazil’s Biggest Banks Under … Read more
