Bitcoin Pizza Day 2023: A delicious celebration of crypto’s evolution led by Binance

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• Circle CEO urges Beijing to embrace Yuan-backed stablecoins for global currency expansion

  TL;DR Breakdown Circle CEO Jeremy Allaire suggests that Chinese Yuan (CNY)-backed stablecoins could be a more effective tool for internationalizing the currency than central bank digital currencies (CBDCs). While China’s economic policy and capital controls pose obstacles, experts believe there may be incremental moves to increase the use of the yuan in trade, but radical changes are unlikely. Hong Kong is taking steps to regulate stablecoins, with the Hong Kong Monetary Authority (HKMA) planning to introduce regulations by 2024, aiming to become a global virtual asset hub. Description In a recent interview with the South China Morning Post, Circle CEO Jeremy Allaire advocated for introducing Chinese Yuan (CNY)-backed stablecoins to facilitate the currency’s internationalization. Allaire argued that stablecoins could be a more effective means than central bank digital currencies (CBDCs) to achieve this goal. While acknowledging the complimentary nature of stablecoins and CBDCs, … Read more In a recent interview with the South China Morning Post, Circle CEO Jeremy Allaire advocated for introducing Chinese Yuan (CNY)-backed stablecoins to facilitate the currency’s internationalization. Allaire argued that stablecoins could be a more…

  Article 2023年7月12日

• Russia is working on something that will replace SWIFT

  TL;DR Breakdown Russia is developing an alternative to SWIFT as part of its efforts to de-dollarize its economy. Collaboration with other countries is crucial for creating an independent, interlinked payment system. This move represents a shift towards a multi-currency world, away from Western-centric financial systems. The geopolitical landscape is evolving as Russia endeavors to develop an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system, in an attempt to foster a resilient and independent financial architecture. This initiative is part of the country’s broader efforts to de-dollarize its economy, representing a significant shift in global economic mechanisms. Russia diversifying the financial infrastructure Dmitry Birichevsky, the director of the Department of Economic Cooperation of the Russian Foreign Ministry, revealed the country’s plan at the sidelines of the International Economic Forum “Russia – Islamic World: Kazan Forum”. He indicated that the country is not standing alone in this endeavor but is collaborating with other nations to bridge national payment systems, independent of SWIFT. Highlighting the importance of this task, Birichevsky stated, “In the context of the onset of economic de-dollarization,…

  Article 2023年5月24日

• SEC dodges Coinbase’s crypto regulation request, raises concerns

  TL;DR Breakdown The SEC has yet to decide on clarifying cryptocurrency regulations, despite Coinbase’s request. Coinbase’s petition sought clarification on classifying assets as securities and regulating digital native securities. SEC’s Chief Legal Officer, Paul Grewal, criticized the SEC’s false claims of no decision and refusal to commit to a deadline. In a recent development, the U.S. Securities and Exchange Commission (SEC) has yet to decide on clarifying new cryptocurrency regulations following a special request from Coinbase, the nation’s largest crypto exchange. In a filing on Tuesday, the Wall Street regulator stated that it had not determined its course of action regarding Coinbase’s petition for rulemaking. This comes in response to an order from Judge Cheryl Ann Krause of the U.S. Court of Appeals for the Third Circuit, who required the SEC to disclose whether it intends to deny Coinbase’s petition. The filing, made last year, sought clarification from the SEC on classifying assets as securities and regulating digitally native securities. Coinbase’s Chief Legal Officer, Paul Grewal, voiced his concerns on Twitter, emphasizing that the SEC persists in falsely claiming they…

  Article 2023年6月16日

• NFT marketplace Tabi secures $10M in angel funding

  TL;DR Breakdown Tabi, an NFT marketplace previously known as Treasureland, raised $10 million in an angel funding round. Multiple venture capital firms and individual investors participated, including Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, Youbi Capital, Bo Feng, Riyad AD, and Suji Yan. The funding will be primarily used to develop Tabi’s gaming ecosystem and to construct its upcoming on-chain identity protocol. In an announcement made on May 10th, Tabi, an emergent player in the world of nonfungible token (NFT) marketplaces, formerly known as Treasureland, reported the successful procurement of a significant $10 million in a recent angel funding round. The news marks a substantial milestone in Tabi’s journey as it continues to navigate the exciting landscape of blockchain technology. Tabi gets a hearty injection of capital This funding round saw contributions from renowned venture capital firms such as Animoca Brands, Binance Labs, Draper Dragon, Hashkey Capital, Infinity Crypto Ventures, and Youbi Capital. Personal investors also made a splash, including individuals such as Bo Feng from Dragonfly Capital, Riyad AD of Saudi Arabia, and Suji Yan…

  Article 2023年6月1日

• India steps up vigilance against crypto criminals with new dark net monitor

  TL;DR Breakdown India’s Ministry of Home Affairs introduced CIAT, an advanced tool designed by the Indian Cyber Crime Coordination Centre, to actively monitor and respond to suspicious cryptocurrency activities on the dark net. The system’s vast database encompasses global cryptocurrency exchanges, assisting law enforcement agencies in in-depth investigations and fostering international collaboration against cybercrime. Description In a decisive bid to counter the surging wave of cryptocurrency-related crimes, India’s Ministry of Home Affairs (MHA) has unveiled its latest weapon: the Cryptocurrency Intelligence and Analysis Tool (CIAT). As cyber criminals get more sophisticated, so too must the tools designed to combat them. The launch of CIAT is a testament to India’s commitment … Read more In a decisive bid to counter the surging wave of cryptocurrency-related crimes, India’s Ministry of Home Affairs (MHA) has unveiled its latest weapon: the Cryptocurrency Intelligence and Analysis Tool (CIAT). As cyber criminals get more sophisticated, so too must the tools designed to combat them. The launch of CIAT is a testament to India’s commitment to ensuring that its citizens are protected from the lurking dangers of…

  Article 2023年9月23日