Bitcoin News According to official statistics, 75% of all illicit FX transactions include some kind of crypto. In recent years, South Korea has emerged as a global leader in the crypto industry. The J...
Tag: System
South Korea’s Ministry of Justice to enforce crypto tracking system in H1 2023
The Ministry of Justice in South Korea, through a Government Business Report released on Jan. 26, announced the primer of a ‘virtual currency tracking system’ to curb money laundering and recovery of ...
Crypto Bank Custodia Denied Membership in US Federal Reserve System – Finance Bitcoin News
The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the di...
Moody’s to Introduce Scoring System for Stablecoins
Leading financial institution Moody’s Corporation is reportedly working on a scoring system for up to 20 stablecoins, assessing the quality of their reserves attestation, Bloomberg reported on Jan. 26...
Virtual Currency Tracking System: South Korea’s Crypto Regulation
The South Korean Ministry of Justice has decided to introduce a virtual currency tracking system. The authority intends to strengthen the tracking of money laundering and the recovery of criminal proc...
California Pilots Blockchain Car Title Management System on Tezos Fork
A government agency in the most populous US state, California, is testing blockchain technology using a private fork of Tezos to execute some of its record keeping, including the issuance of car owner...
California DMV will use Tezos to digitize its car title management system
Shortly after the California Department of Motor Vehicles (DMV) and Oxhead Alpha said it had successfully launched the proof-of-concept phase, the DMV, on Jan. 26, said it would begin digitizing car t...
Fed denies Custodia Bank application to join the Federal Reserve System
The United State Federal Reserve Board has rejected Custodia Bank’s application to become a member of the Federal Reserve System. In its announcement, the Fed stated that the application was “inconsis...
Fed denies Custodia Bank Federal Reserve System access
Custodia Bank has expressed its disappointment with the dismissal of its request to join the Federal Reserve System. The Fed denied the institution’s application citing that the application did not co...
U.S. unemployment system still plagued by delays 3 years post-pandemic
People wait in line to attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California. Patrick T. Fallon | Afp | Getty Images These days the U.S. unemployment system is somewhat of an an...
White House report says it would a ‘grave mistake’ to deepen ties between crypto, broader financial system
A new White House report provides additional insight into the mind of the executive branch of the US federal government when it comes to regulating cryptocurrencies. The authors of the Jan. 27 report,...
Moody’s Investors Service is Developing A Scoring System for Stablecoins
According to a Bloomberg report, Moody’s Investors Service, a credit company, is working on a scoring system for crypto stablecoins. Stablecoins are the most traded tokens in the crypto sector as the ...
Moody’s eyeing a scoring system for stablecoins
Moody’s Corp., an integrated risk assessment firm, will start looking at how it can ascertain the risk and health of stablecoins, Bloomberg News reported Jan. 26. The need to rate stablecoins comes am...
Moody’s developing stablecoin scoring system: Bloomberg
Rating agency Moody’s is developing a system to score stablecoins. It will include an analysis of up to 20 stablecoins and rate them based on the quality of attestations on the reserves ba...
US Senator says well-regulated crypto benefits financial system
Republican Senator Richie Torres stated that crypto can be good for his South Bronx community, but that it needs a comprehensive regulatory framework. Crypto can provide a superior payments system Sen...
Chinese firm launches stablecoin and CBDC payments system – Cryptopolitan
A new payment system that is compatible with stablecoins and CBDCs is now being developed by a Chinese company known as Red Date Technology. What Red Date Tech aims to do with the system This new syst...
Singapore Regulator Advocates ‘One Regulatory System’ for Crypto and Traditional Finance – Regulation Bitcoin News
Singapore’s senior minister and the chairman of the central bank, the Monetary Authority of Singapore (MAS), says there should be just “one regulatory system” for both crypto and traditional finance. ...
Chinese Blockchain Company Develops Payment System For Stablecoins and CBDC
A China-based blockchain company has recently launched a digital payment protocol to fill the gap between stablecoins and Central Bank Digital Currency. Red Date technology is a Hong Kong-based block...
Vitalik Buterin Shares a new System to Enhance Blokchain Privacy
The Ethereum co-founder Vitalik Buterin has suggested a solution to guarantee privacy on blockchain transactions. Every on-chain activity of a user is an open book for the public to analyze, as blockc...
Fluid Finance Proposes to Integrate the DAI Decentralized Stablecoin Directly Into the Traditional Financial System – Press release Bitcoin News
press release PRESS RELEASE. Fluid Finance submitted a proposal to integrate the DAI decentralized stablecoin directly into the traditional financial system. It would be the first time that a stableco...
Cross-Border CBDC Payment System Announced by Chinese Blockchain Firm
Chinese blockchain firm develops new CBDC payments system. The new platform will not allow any decentralized cryptos. There has been no mention of China’s own digital yuan in the whitepaper. Hong Kong...
The Federal Home Loan Banks System is lending to cryptocurrency
According to a report that was published by The Wall Street Journal on January 21, the Federal Home Loan Banks System (FHLB) of the United States is reportedly lending billions of dollars to two of th...
U.S Federal Home Loan Banks System (FHLB) lent billions to crypto banks amid surge in withdrawals – Cryptopolitan
To protect against the potential rise in withdrawals, The Wall Street Journal reported on Jan. 21 that two of America’s leading crypto banks are receiving billions of dollars from the Federal Home Loa...
Delta Airlines CEO Calls On Congress To Fund Air Traffic Control Updates To A 30-Year-Old System
AFP via Getty Images Key takeaways: Thousands of flights were grounded in early January due to an outage of the NOTAM system. While the NOTAM system delivers safety information to pilots and aircrews,...
Fantom releases decentralized funding system called ecosystem vault
Layer 1 blockchain Fantom has launched a decentralized funding mechanism aimed at financing blockchain projects through a community-driven governance process. Known as the “ecosystem vault...
The organizational system of the Federal Reserve
Over time, the Central Bank of the United States of America (Federal Reserve) has changed its organizational system towards a greater ability to make decisions quickly and effectively To date, the Fe...
This Simple Dividend System Drove A 90% Profit In 16 Months
Vice getty As dividend investors, safe payouts are our No. 1 (and 2! and 3!) priority. And with interest rates soaring and a recession looming, we’re going to be bigger sticklers than ever about this ...
Filecoin Foundation deploys decentralized file system to space
The Interplanetary File System (IPFS) will be deployed in orbit as part of a pioneering mission, according to a recent announcement by the Filecoin Foundation (FF). The LM 400 Technology Demonstrator ...
Alameda’s $65B ‘backdoor’; Thailand’s digital wallet system
The biggest news in the cryptoverse for Jan. 17 saw court proceedings reveal that Alameda Research had a $65 billion artificial credit line at FTX. Meanwhile, Thailand has created a mandate that will ...
Thailand’s SEC mandates exchanges to establish digital wallet management system
The Securities and Exchange Commission (SEC) of Thailand has mandated digital asset providers to establish a digital wallet management system to ensure the safety of customers’ assets. The SEC o...