Lael Brainard, Vice Chair of the Federal Reserve, has stressed the importance to establish sound regulation for crypto financial systems “now before it becomes so large and interconnected that they might pose risks for the stability of the wider financial system.”
Binance, the world’s largest crypto exchange, has been granted a license by the Bank of Spain to allow it to operate within the laws of Spain. This certification signifies that the exchange currently adheres to the AML/KYC requirements of the government. This certification has been granted to more than 17 companies.
Iran’s state-owned power distributor company, Tavanir has threatened to take more severe measures to discourage illegal crypto mining. These include higher penalties for those who mine digital currencies using subsidized electricity, and stiffer fines for officials who are involved in the mining.
Sberbank conducted the first transaction in digital assets on its blockchain-based platform. According to the bank, the platform offers good prospects due to its speed and other advantages.
The first week of July saw bitcoin prices rise to their highest levels since mid-June. This was despite the fact that U.S. non-farm payrolls beat expectations. As we enter the second week of July, there are still questions about whether this momentum can be sustained, despite current market uncertainty.
Tesla CEO Elon Musk informed Twitter in writing that he has terminated his bid for $44 billion to purchase the social media platform. Musk’s lawyer stated that Twitter is in violation of multiple provisions of the agreement.
A high-ranking member in the State Duma suggested that Russia might establish a local cryptocurrency exchange. According to Anatoly Aksakov (head of the parliamentary financial markets committee), the Moscow Exchange could host the new platform.
Mintic, the Ministry of Information Technologies and Communications of Colombia has published a guide detailing the steps required to implement blockchain in projects that are directed at the state level. This document explains blockchain and the basic elements. It also outlines the guidelines that projects should follow depending on their needs.
Aave, DeFi protocol, has suggested that it create a new stablecoin. The stablecoin would be collateralized with yield-generating assets.
By shorting Terra Classic’s native token LUNC, the crypto custodial and AI trading platform lost nearly all its customers’ assets.
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