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Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid

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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the…

Prüfbericht: Macau diskutiert Gesetzentwurf, der vorschlägt, digitale Währungen zum gesetzlichen Zahlungsmittel zu machen

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Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, ein Bericht hat gesagt. The report also suggested that individuals who reject or refuse to accept legal tender will be fined…

JPMorgan CEO Jamie Dimon Warns Recession Could Hit in 6 Monate, Stock Market Could Drop 20% More — ‘This Is Serious Stuff’

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The CEO of global investment bank JPMorgan, Jamie Dimon, has warned that the U.S. economy could tip into recession in six to nine months. “This is serious stuff,” the executive stressed, adding that the stock market could easily fall another 20%….

NFT Collection Veefriends Physical Collectibles to Debut at Macy’s and Toys’R’Us

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In recent times, nicht fungible Token (NFTs) and their physical counterparts have started to debut at well known retail stores and luxury boutiques. Im Oktober 4, the NFT project called Veefriends revealed that the team is launching its limited edition series of…

CFTC Chairman on US Crypto Regulation: We Have to Rely on 70-Year-Old Case Law to Determine What’s a Security or Commodity

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The chairman of the Commodity Futures Trading Commission (CFTC) says his agency and the Securities and Exchange Commission (SEK) “have to rely on 70-year-old case law to determine what’s a security or a commodity.” He stressed that the SEC and CFTC…

US Senator Wants Congress to Step in With Crypto Guidance — Urges SEC to Provide Much More Clarity on Regulations

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UNS. Senator Pat Toomey says Congress should step in and provide a regulatory framework for cryptocurrency. He stressed that the U.S. Wertpapier- und Börsenkommission (SEK) is not sharing its framework for regulating crypto with lawmakers, noting that Chairman Gary Gensler…

Gary Gensler Asks SEC Staff to Fine-Tune Crypto Compliance — Says ‘Vast Majority Are Securities’

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The chairman of the U.S. Wertpapier- und Börsenkommission (SEK), Gary Gensler, revealed that he has asked staff at the SEC to fine-tune compliance for crypto tokens and intermediaries. He emphasized that the vast majority of crypto tokens are securities. SEK…

Bank of Russia to Promote Digital Ruble in Foreign Trade as Finance Ministry Pushes for Crypto Option

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Days after the two institutions agreed on the need for cross-border crypto payments, the finance ministry and the central bank of Russia are once again highlighting their different priorities. While the treasury department aims for legalizing cryptocurrency payments in the coming…

4 Crypto Tokens Reap Hashpower From The Merge, ETC Secures Most of the Hashrate Leaving ETH

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20 Vor Tagen, a poll was shared on Twitter asking miners where they planned to dedicate their hashrate, after The Merge transitions Ethereum into a proof-of-stake (Schild) Blockchain. The proof-of-work (PoW) contenders at the time were tokens like ravencoin, ergo, flux,…

Russia Can’t Do Without Cross-Border Crypto Payments, Consensus Reached

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Key government institutions have agreed that Russia needs to legalize crypto payments for international settlements. The proposal has been gaining support in the past few months since Moscow’s decision to invade Ukraine was met with wave after wave of Western sanctions….