IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
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Tokenization Allows More Efficient Collateral Transfers, Digital Asset, Euroclear and World Gold Council Found in Pilot Project
The initiative created digital versions of gilts, eurobonds and gold on the Canton Network to test complex financial transactions on blockchain rails.
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Tether’s USDT Has Uses Beyond Crypto Markets, Trading: CEO Paolo Ardoino
Ardoino said there’s more of a need for stablecoins outside the U.S., especially in countries with rampant inflation and shoddy financial infrastructure.
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Crypto Winter-Era Seed Startups Mostly Persist Despite Tumult and Crisis
But fundraising difficulties and product-market-fit issues may imperil their future, according to a report from Lattice VC.
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‘Is Daddy on the Airplane?’ Jailed Binance Exec Gambaryan Family’s Ordeal in New Podcast
U.S. Rep. Rich McCormick, the congressman from Gambaryan’s district, alleged in the “Designated” podcast that Nigeria is holding him as a “hostage” and argued that all of America’s cards “should be on the table.”
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Avalanche Unveils $40M Grant Program Ahead of ‘Avalanche9000’ Upgrade
The program, called Retro9000, is supposed to encourage developers to build on Avalanche ahead of a much-anticipated upgrade known as Avalanche9000.
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U.S. Crypto Industry Will Follow a Different Path From Rest of World: BitMEX Group CEO
BitMex does not operate in the U.S. and is positioned more in Asia than any other part of the world.
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Former Government Employees, Compliance Officers Rally for Detained Binance Executive
Tigran Gambaryan has been detained in Nigeria since February.
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Stablecoins Will Drive Institutional Adoption in Asia: Chainalysis CEO
In an interview, Michael Gronager also said it doesn’t matter who wins the U.S. presidential election.
Financial
TrustToken, TrueCoin Settle With SEC Over Fraud Accusations in Stablecoin Investing
The California companies were accused by the U.S. Securities and Exchange Commission of misrepresenting the backing of stablecoin TUSD.