New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable leaders such as China and the European nations pushing forward. The U.S. remains lagging behind Europe and…
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices,…
A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on digital asset regulations. The bill proposes forming a Joint Advisory Committee to unite both agencies and…
September 12, 2024 at 07:28 PM GST updated: September 12, 2024 at 03:10 PM 2 mins read News ENS integration with PayPal and Venmo simplifies crypto transfers by using readable names instead of lengthy wallet addresses. The ENS token surged 7.5% to $17.8 following its integration with major payment platforms, reflecting positive market sentiment. Users…
August 22, 2024 at 02:17 PM GST updated: August 22, 2024 at 01:24 PM 2 mins read News U.S. Solana ETFs face near-zero approval chances under the current SEC due to concerns over Solana’s security status. Brazil embraces Solana ETFs, with its regulatory body approving multiple funds, contrasting U.S. regulatory setbacks. The SEC’s reluctance stems…