• About
  • Privacy Policy
  • Terms
  • Contact
Friday, January 27, 2023
Financial Eye News
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • VideosNew
No Result
View All Result
Financial Eye News
No Result
View All Result

Elizabeth Warren Strikes Again, Ripple Promises XRP 1B in Grants + More News

March 19, 2022
in Cryptocurrency
Reading Time: 4 mins read
49 2
ADVERTISEMENT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

____

Regulation news

  • US Senator Elizabeth Warren and a raft of Democratic co-sponsors today introduced a bill titled the Digital Asset Sanctions Compliance Enhancement Act, which “would place sweeping restrictions on persons who build, operate, and use cryptocurrency networks even if they have no knowledge or intent to help anyone evade sanctions,” according to Coin Center, a Washington-based crypto lobbying group. These lawmakers act “under the guise of bolstering sanctions against Russia for its unjustified invasion of Ukraine,” the group said, adding that this proposed legislation “may even increase the Russian government’s ability to isolate and control those within their borders who do not support the war.”
  • Unidad de Información Financiera (UIF), Argentina’s money laundering regulator, is working to add service providers in the cryptoasset ecosystem to its list of entities subject to reporting and recording customer transactions, Buenos Aires Times reported. The plan is to publish the new regulation in 2022, their source said.
  • US Representative Tom Emmer, chair of the Congressional Blockchain Caucus, asked the US Securities and Exchange Commission (SEC) to clarify how it gathers information from crypto-related companies. Currently, the two forms required of crypto companies ask for much of the same info, per Emmer.
  • The European Supervisory Authorities (ESAs) warned consumers that many cryptoassets are highly risky and speculative, and set out key steps consumers can take to ensure they make informed decisions. In their warning, the ESAs highlighted that these assets are not suited for most retail consumers as an investment or as a means of payment or exchange.

Investments news

  • Blockchain company Ripple will give out XRP 1bn (USD 794m) as grants for developers to create projects based on its payments-oriented distributed ledger, The Information reported, citing the company’s representatives. The tokens will be dispersed over the next 10 to 20 years, they added.

Economics news

  • The Bank of England raised interest rates to 0.75% from 0.5%, but it softened its language on the need for further increases from here. The bank sets monetary policy to meet the 2% inflation target, and in a way that should help to sustain economic growth and employment.

Mining news

  • Bitcoin (BTC) mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to remain almost unchanged during an adjustment today and stay around 27.5 T. This follows a drop of 1.49% seen during the previous adjustment two weeks ago – which broke a series of increases that had lead the difficulty to a new all-time high of nearly 28 T.
  • Riot Blockchain reported 2021 revenue of USD 213.2m, which is up 1,665% from 2020. It added that it considers 2022 the “year of consolidation in the bitcoin mining industry” and expects the company to potentially benefit from such a trend.
  • Hut 8 Mining reported a fourth-quarter adjusted loss of CAD 0.67 (USD 0.53) per share, which they said was primarily due to noncash revaluation loss on liability warrants of CAD 114.2m (USD 90.24m). Net loss was CAD 72.7m (USD 57.44m) for the year ended December 31, 2021, compared to net income of CAD 19m (USD 15m) for the same period in 2020.

Crime news

  • Shanghai police busted an unnamed online pyramid scheme that used cryptoassets worth more than CNY 100m (USD 15.7m), per the South China Morning Post. Over 60,000 users were asked to exchange their fiat currency for platform tokens to gain membership, which came with incentives, but the tokens “had no market value” and their price “was controlled by the platform.”
  • Bitcoin financial services provider Unchained Capital said ActiveCampaign (AC), an outside email marketing provider used by Unchained until earlier this year, was hit with a social engineering attack last week. The attack occurred on the AC platform, meaning that only information shared with AC, like email addresses, usernames, and possibly IP addresses, may have been exported without authorization.

CBDCs news

  • The Bank of Canada and the Massachusetts Institute of Technology announced an agreement to collaborate on a twelve-month research project on central bank digital currency (CBDC). However, no decision has been made on whether to introduce a CBDC in Canada.

Adoption news

  • The European Commission (EC) launched a call for tenders to contract a consortium to facilitate and operate a pan-European regulatory sandbox for distributed ledger technologies (DLT), in particular blockchain, and provide comprehensive legal advice pertaining to the operation of the core services of the European Blockchain Services Infrastructure (EBSI).
  • Binance’s BNB Chain project announced a partnership with Layer 1 blockchain Aptos to unite to form an interoperable and unified cross-chain and multi-chain liquidity infrastructure, they said.

Exchanges news

  • Binance announced it has been granted a Virtual Asset License from Dubai’s Virtual Asset Regulatory Authority, which will allow it to operate within Dubai’s “test-adapt-scale” virtual asset market model as a base for expansion into the region. Binance will be permitted to extend limited exchange products and services to pre-qualified investors and professional financial service providers.
  • ByBit said that it is now a member of the decentralized data sharing alliance VerifyVASP Alliance and that it streamlines compliance with the Travel Rule requirements.

Charity news

  • Savings and investment app Relai is launching an initiative to donate a proportion of its revenue from bitcoin transactions to global UNICEF projects centering around female education. Donations will come at no cost to Relai’s users, who opt into a referral code scheme, whereby the referee’s transaction fee is reduced by 0.5% and the referrer receives up to 50% revenue share from every transaction that uses their referral code.

Career news

  • Rebecca Rettig, general counsel for Aave Companies, the team behind DeFi platform Aave (AAVE), has been appointed to the board of both Silvergate Bank and its publicly traded parent company, Silvergate Capital. Her role will be providing guidance while the company delves into the digital asset industry.



Source: Crypto News

ADVERTISEMENT
Share6Tweet4Share1SendShareSend

Related Posts

Cryptocurrency

X-eleven’s Fintech for the Post-Fiat Era is Conquering the Market

December 5, 2022
Cryptocurrency

Top crypto tweets of the day – December 5th | Financial Eye Crypto

December 5, 2022
Cryptocurrency

Are Big Eyes Coin (BIG), Tora Inu (TORA), and Orbeon (ORBN) Diamonds In The Rough?

December 5, 2022
Cryptocurrency

Botched Bitcoin Experiment Using Chivo Wallet Cost El Salvador’s Taxpayers Over $20 Million – Report

December 5, 2022
Cryptocurrency

Siacoin (SC) Price Prediction 2023/2025/2030

December 5, 2022
Cryptocurrency

Financial Eye Strategist: “We’re in the Final Stages of This Bear Market for Cryptos”

December 5, 2022

Popular Stories

  • AIG to launch cut-price IPO of life and asset management unit

    48 shares
    Share 19 Tweet 12
  • EY boss targets $10bn boost from Silicon Valley tie-ups after break-up

    32 shares
    Share 13 Tweet 8
  • Tesla delays plan to restore Shanghai output to pre-lockdown levels -memo

    32 shares
    Share 13 Tweet 8
  • TV production giant Banijay to go public via Arnault-backed Spac

    30 shares
    Share 12 Tweet 8
  • Nio to Invest $32.8M Building R&D Labs in Shanghai By Financial Eye

    30 shares
    Share 12 Tweet 8
ADVERTISEMENT

Latest News

Taylor Swift Fans Sue Ticketmaster’s Parent Company

December 5, 2022

Fisker trades down following price cut at Citi By Financial Eye

December 5, 2022

UAW president faces run-off election as reformers make gains

December 5, 2022

Felipe Valls, 89, Whose Cuban Restaurant Became a Political Hub, Dies

December 5, 2022

Longroad buys 98-MW solar farm in California

December 5, 2022
Facebook Twitter LinkedIn

Financial Eye is one of the most trusted news sources for Financial News, global news and local USA news, we provide the news from the most trusted sources.

LEARN MORE »

Recent News

  • Taylor Swift Fans Sue Ticketmaster’s Parent Company
  • Fisker trades down following price cut at Citi By Financial Eye
  • UAW president faces run-off election as reformers make gains

Sections

  • Business
  • Climate
  • Commodities
  • Companies
  • Cryptocurrency
  • Cryptocurrency
  • Forex
  • Green Energy
  • Latest Financial News
  • News
  • Politics
  • Stock Market News
  • Technology
  • Videos

© 2022 Financial Eye News Media

No Result
View All Result
  • Home
  • Markets
    • Stock Market News
    • Commodities
    • Forex
    • Renewables
  • Cryptocurrency
    • Ultimate Guide to Crypto
  • Business
    • News
    • Companies
    • Technology
    • Climate
    • Politics
  • Reports
    • Ultimate Guide to Crypto
  • Videos

© 2022 Financial Eye News Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Subscribe To Our Daily News Round-Up.

The top ten most-read stories direct to your inbox

You have Successfully Subscribed!

You have Successfully Subscribed!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.