Over 4,567,000 merchants across the country now accept the e-CNY as payment. According to China’s state institution Xinhua News Agency, Lan Zou, head of monetary policy at the People’s Bank of China (PBoC), announced that the country would be expanding the number of digital yuan (e-CNY) test sites in the country from 11 to 23....Continue Reading

Michael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs. The United States Senate has confirmed the nomination of law professor Michael Barr to become the next vice chair for supervision for the...Continue Reading

The international organizations affirm the “same risk, same regulation” principle by extending decade-old rules to the rapidly expanding new financial technology. The principle of “same risk, same regulation” for crypto received further confirmation with the release Wednesday of new guidance on stablecoin arrangements (SAs). The guidance, issued by the Bank for International Settlements (BIS) Committee...Continue Reading

Civil Procedure Rules in the U.K. have previously allowed for lawsuits to be served using Instagram, Facebook and a contact form on a website. According to a Tuesday notice from U.K. law firm Giambrone & Partners, a case brought by Fabrizio D’Aloia against Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations someone was operating...Continue Reading

A Web3 startup has also created a subscription model that uses nonfungible tokens to offer lifetime Netflix and Spotify memberships. In this week’s newsletter, read about Playboy’s upcoming virtual mansion in The Sandbox (SAND). Check out how a startup is offering lifetime Netflix and Spotify access through nonfungible tokens (NFTs) and how NFTs can bridge gaming...Continue Reading

The public has until Sept. 12 to submit evidence, which the committee may use in its report to Parliament on the risks and opportunities related to crypto and DLT. The Treasury Committee of the United Kingdom’s House of Commons has called on the public to submit evidence related to the role of crypto’s risks and...Continue Reading

Bitcoin price saw a brief pull-back following July 13’s high inflation print, but the rebound seen in BTC and altcoins suggests that buyers are buying the dip. The United States Consumer Price Index soared to 9.1% in June, exceeding expectations of an 8.8% rise year-on-year. Currently, the Fed funds futures point to an 81 basis...Continue Reading

The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price. The Bitcoin (BTC) price chart from the past couple of months reflects nothing more than a bearish outlook and it’s no secret that the cryptocurrency has consistently made lower lows since...Continue Reading

A report that argued for decentralized models to help scale Bitcoin eventually became the basis for the book proposal. “In 2015, I quit my job at the tender age of 29 to do something I’d never done, which is to write a book with no idea of what would come afterward.” Fast forward seven years...Continue Reading

BTC continues to sell-off, but analysts say investor sentiment could reverse when inflation peaks or traders feel that the situation with insolvent DeFi platforms is resolved. The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new...Continue Reading