Federal Reserve Governor Reinforces US Regulators’ Preference for Keeping Crypto Apart From Banks
Waller, echoing other U.S. regulators who have cheered their success at protecting the financial system from the cryptocurrency sector’s woes, said Friday that the fallout from the FTX collapse and other recent firm failures hasn’t caused significant damage to the system the Fed oversees.
Fed Governor Waller Says Crypto Ecosystem Has Distinct Parts With Varying Potential
The parts that make up the cryptocurrency ecosystem are not all equal, United States Federal Reserve Board governor Christopher Waller told a conference audience on Feb. 10. He considered crypto assets, blockchain technology and trading technology, such as smart contracts and tokenization, separately.
PayPal Held $604M of Customers’ Crypto As of Year-End 2022
PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC).
Crypto Evening Briefing: Microsoft Kills Its Industrial Metaverse Team After 4 Months; Binance Deploys Zk-SNARKs on Proof-of-Reserves System
Coinbase is not planning to halt staking program despite SEC's crackdown on service. Bank of England mentions Ripple in its digital pound consultation paper.
The Attack on Crypto
The atmosphere in the cryptocurrency market has been changing recently, have you been able to feel it?
Markets: Bitcoin Slumps in Broad Sell-off Amid SEC Charges Against Kraken, Regulation Worries
Bitcoin sank below US$22,000 in Friday morning trading in Asia after the U.S. Securities and Exchange Commission slapped a fine on the Kraken exchange, sparking concerns that regulators are set to take a tougher line on cryptocurrency trading. The move adds to existing investor worries about macroeconomic trends, such as higher interest rates. Ether fell along with all other top 10 non-stablecoin cryptocurrencies. (forkast)
Investors Are Interested in Crypto Despite Bear Market: BNY Mellon Exec
Michael Demissie, the head of digital assets at Wall Street powerhouse Bank of New York Mellon (BNY Mellon), has disclosed that investors are still very interested in the digital asset space amid the bear market.
OpenAI Bringing Kid-Friendly 3D Crypto ‘Pets’ Onlybots to Life
Bored talking to OpenAI’s overly polite chatbot ChatGPT? You’d prefer an AI-powered virtual assistant with a bit more attitude?
Then meet Anima’s new Onlybots, non-fungible tokens that can not only be bought and sold, but also possess their own unique set of personality traits engineered to inform both their mood and vernacular.
US Tops Coin Journal’s List of Most Successful Crypto Countries
The United States sits perched atop Coin Journal’s list of most desirable crypto countries, garnering a 9.94 score out of 10, recognized as having 1,992 crypto-related businesses that employ 5,691 people, worth $46.95 billion.
America’s Oldest Bank, BNY Mellon, Affirms Institutional Investors “Absolutely Interested” in Crypto
An executive from the Bank of New York Mellon (BNY Mellon) has a broadly positive view of cryptocurrencies, seeing their growth in the face of market turbulence as proof of their viability.
