The FDIC said the last significant update of its sign and ad rules was in 2006, but it needed to address concerns including “misrepresentations of deposit insurance coverage.” The Federal Deposit Insurance Corporation (FDIC) of the United States adopted a rule governing the use of its official signs and advertising in a move that could...Continue Reading

SOL price roared to a 2023 high above $84. Cointelegraph investigates what is behind the rally. Solana’s native token (SOL) saw a 13.8% increase on Dec. 20, surpassing $82 for the first time since May 2022. This 33.5% rally over the past two weeks led Solana to overtake Ripple (XRP) in terms of market capitalization...Continue Reading

The transaction was facilitated by the Shanghai Financial Exchange International Board. The first-ever cross-border settlement for precious metals using the digital yuan central bank digital currency (e-CNY CBDC) was recorded on Dec. 20. According to local news reports, the Bank of China’s Shanghai branch successfully transferred a 100 million yuan ($14 million) e-CNY CBDC settlement...Continue Reading

OKX NFT surpassed competitors Blur, OpenSea and Magic Eden in daily trading volume as Bitcoin Ordinals trading intensified. In this week’s newsletter, read about Line Next’s $140 million fundraise while preparing to launch its nonfungible token (NFT) marketplace globally, and find out how NFT Trader recovered $3 million in NFTs that were stolen from its...Continue Reading

Would you like the pyramids of Egypt more if they were covered in graffiti? That’s the kind of blight the Ordinals Protocol brought to Bitcoin. The inception of the Ordinals Protocol on the Bitcoin network has sparked extensive debate among enthusiasts and skeptics alike. At its core, the integration of nonfungible tokens (NFTs) on Bitcoin...Continue Reading

Madara blockchains can now use Avail for data availability, reducing the need for compressed data to be sent to Ethereum. Avail is now an option for data availability on Starknet-based Madara networks, according to a Dec. 20 announcement. The new feature will allow these so-called “layer 3” networks to reduce data publishing costs by up...Continue Reading

Sam Bankman-Fried asked for a four- to six-week adjournment of proceedings, but the judge said he could have spoken up before. Judge Lewis Kaplan has denied former FTX CEO Sam Bankman-Fried’s request for a four- to six-week adjournment of his sentencing hearing. The request was made on Dec. 20 and would have delayed his presentencing...Continue Reading

Bitcoin price is back to chasing after its range high and most altcoins are following by hitting new year-to-date highs. The crypto markets are buzzing with the possibility of the spot Bitcoin (BTC) exchange-traded fund seeing the light of the day in January. K33 Research analysts said in a Dec. 19 report that the recent...Continue Reading

Lee Bok-hyun reportedly plans to meet with SEC chair Gary Gensler in January to discuss the status of the crypto market and the direction of supervisory policy. Lee Bok-hyun, head of South Korea’s Financial Supervisory Service (FSS), reportedly plans to meet with United States Securities and Exchange Commission (SEC) chair Gary Gensler to discuss crypto...Continue Reading

In a poll conducted on behalf of Grayscale, 73% of respondents said they “strongly agree” or “somewhat agree” that a U.S. presidential candidate should be informed on crypto and AI. Roughly 73% of people polled on the role of cryptocurrency in the 2024 United States Presidential Election said candidates should be informed about innovative technology....Continue Reading