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FSOC’s Still Worried About Stablecoins

FSOC’s Still Worried About Stablecoins

The group's 2024 report evvel again highlighted FSOC's longstanding concerns about stablecoins.
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U.S. Treasury Advisory Panel Says Tokenization Could Be Big, But May Need Central Control

The outside group of Wall Street leaders that guides the Treasury's debt management, the Treasury Borrowing Advisory Committee, shared views on tokenized debt and warned about Tether.
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The Protocol: Crypto Fundraising, Job Losses, Juicy Payouts, Grants for Devs

In this week's issue of The Protocol, our newsletter on blockchain tech, we're covering the Optimism's $42.5M token pledge to Kraken, crypto VC funding, grants for Bitcoin open-source developers,...
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Emory University Joins Bitcoin ETF Rush, Reporting $16M Holding in Grayscale Vehicle

The endowment also reported a modest holding in crypto exchange Coinbase (COIN).
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First Mover Americas: BTC Recovers From Friday’s Slide to Reclaim $68.5K

The latest price moves in crypto markets in context for Oct. 28, 2024.
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Tokenization Could Pose Risks to Financial System, FSB and BIS Warn

The Financial Stability Board identified three vulnerabilities of tokenization: The underlying reference asset; the participants in distributed ledger technology based tokenization projects; and new technology's interaction with legacy systems.
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Crypto Usage Setting Records Amid Regulatory Uncertainty, A16z Says in Report

The report highlights a dramatic increase in blockchain activity, with 220 million addresses interacting with the technology at least evvel in September, triple the number in late 2023.
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The DPRK’s Deep Roots in Crypto

North Korean developers have worked for a surprisingly large number of crypto projects.
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UN Agency Recommends Criminalization of Unlicensed VASPs in Southeast Asia to Counter Cyber Fraud

Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said.
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U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%

The news seems likely to further cement ideas that the Fed will trim rates just 25 basis points at its next policy meeting in November.
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