Jacobi initially gained approval for the fund in October 2021, intending to launch it in 2022. Nonetheless, the company chose to postpone its launch due to unfavorable conditions in other segments of the digital asset market.
Similar to the challenges faced by Facebook's unsuccessful Libra initiative, PYUSD is encountering resistance in Washington. However, Michael J. Casey expresses greater optimism about its potential outcomes.
In addition, the MAS has imposed limitations on cryptocurrency service providers, preventing them from enabling retail customers to engage in token lending and staking activities.
T. Raja Kumar, President of the international financial crimes watchdog, called upon G-7 leaders to 'effectively' enforce FATF's anti-money laundering regulations for cryptocurrencies ahead of their upcoming weekend summit.
Bitcoin-based meme coins created using the new BRC-20 standard have contributed to rising Bitcoin fees, as they require more data than a standard transaction. However, proposals by some members of the Bitcoin community to block Bitcoin NFT projects through a filtering mechanism may undermine Bitcoin's fundamental principles of openness and decentralization, warns Michael Casey, CoinDesk's Chief Content Officer. While Bitcoin's governance challenges are becoming more complex, balancing innovation with the core values of the community will remain a critical task for its future success.
The Federal Open Market Committee's recent meeting left the markets confused due to ambiguous messaging, leaving them struggling to interpret the signals conveyed by both the FOMC statement and Chair Jerome Powell's comments. This is a common occurrence in central bank policy-setting, which often involves abstruse signals. However, the emergence of new tools like blockchain's cryptographic verification systems could potentially aid policymakers in making more informed decisions.
The CoinDesk editorial team came together to offer their valuable insights on the most crucial topics that will have a significant impact on the future course of the cryptocurrency industry.
The crypto industry remains preoccupied with Washington's ongoing 'war in crypto' This week, Michael Casey, the Chief Content Officer of CoinDesk, approaches the apparent increase in regulatory hostility from U.S. authorities from a fresh perspective: revenge.
A big worry is that the company hasn't said what it will do with the money from selling stablecoins.
On October 2, the Singapore Grand Prix is held.
U.S. Bankruptcy Judge Martin Glenn has approved a request to choose an examiner in the Celsius case as a result of a motion in August.
The expert on crypto and illegal finance at the Association of Certified Anti-Money Laundering Specialists says that the industry needs to be more than 'reluctant good citizens.'
This cunning spyware, which masquerades as legal desktop software, has infected thousands of computers across 11 countries, forcing people to unintentionally mine Monero (XMR).
The CEO of former staking and DeFi strategic partner KeyFi has been targeted by cryptocurrency lender Celsius. KeyFi had sued Celsius a week prior to its bankruptcy.
Investors who took out loans to purchase cryptocurrencies are currently feeling the heat. Here is a breakdown of how they raised funds to purchase their cryptocurrency.
The Bored Ape Yacht Club's floor price has dropped by half since the beginning of the month, as NFT pricing and sales volume have declined across the board.
Ruja Ignatova, the mastermind behind the infamous Onecoin pyramid, is now one of Europe's most sought criminals. She was also known as the 'Crypto Queen,' and she vanished almost five years ago after her Ponzi scheme raked in billions of dollars from deceived investors all across the world.
Shakhtar Donetsk, one of Ukraine's most popular soccer teams, will offer a collection of non-fungible tokens (NFTs). The team plans to auction off numerous autographed jerseys to generate money for Ukrainians affected by Russia's continuing conflict.
Vlad Tenev, co-founder and CEO of the popular trading app Robinhood, shared a new old solution for increasing dogecoin (DOGE)'s throughput – and the community doesn’t seem impressed.
The United States Treasury Department has sanctioned an ethereum (ETH) address that it says received coins stolen in the Ronin Validator hack – and the FBI has claimed that the North Korean Lazarus group of hackers was behind the security breach.