Tether (USDT) is launched in Kusama

Tether (USDT), whose market capitalization of over $82 billion makes it the world’s largest stablecoin, has launched on the Kusama network. Polkadot’s launch of “Canary Network” brings the pioneering dollar-pegged stablecoin to another blockchain. Currently, USDT is active on ten major blockchain platforms, including Ethereum, Tron, Solana, EOS, Liquid Network, Omni, Algorand, and Bitcoin Cash…

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The National Bank of Georgia will regulate the country’s cryptocurrency sector

The National Bank of Georgia is taking steps to regulate the cryptocurrency market in the South Caucasus country, its governor revealed in a recent interview. While companies in the industry expect a licensing regime, financial institutions have already been banned from providing cryptocurrency-related services. Central Bank of Georgia to Propose Cryptocurrency Regulations The Georgian monetary…

The UK government will launch its own NFT in a bid to adopt Crypto technology

The UK government is experimenting with digital collectibles as it strives to turn its economy into a global hub of crypto assets. In a speech at the Global Innovate Finance Summit, UK Treasury Economic Secretary John Glen said the country’s currency provider has been instructed to create a non-fungible token (NFT). “The Chancellor asked the…

The UK government wants to make stablecoins a legal payment method

The UK is taking these and other steps to position itself as a global hub for crypto technology innovation, the Economic Secretary of the Treasury said at UK Fintech Week 2022. The UK is ready to bring stablecoins into its electronic payments regulatory framework, opening up the assets to wider adoption across the country. The…

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Dubai School will receive tuition payments in Bitcoin and Ethereum

Citizens School said that it also intends to integrate blockchain technology into various aspects of its academic and administrative operations in the future. According to local news outlet Arabian Business, Citizens School, located in Dubai, will accept tuition payments denominated in Bitcoin (BTC) or Ethereum (ETH). Payments using digital assets are facilitated through an unnamed…

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Huobi plans to launch cryptocurrency ETF in Hong Kong

Hong Kong-listed fund manager Huobi Technology plans to launch an exchange-traded fund (ETF) that tracks popular cryptocurrencies. The company, which is a subsidiary of popular cryptocurrency exchange Huobi Global, aims to target retail investors with the planned ETF. Huobi has written to the Hong Kong Securities and Futures Commission (SFC) and intends to structure the…

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European Union MiCA Proposal Moves to Tri-Party Dialogue Stage with No Bitcoin Ban Provision

The Markets in Crypto Assets (MiCA) regulatory package has cleared another potential hurdle this week and is moving to the next stage of the EU legislative process. Proponents of the controversial text banning proof-of-work (PoW) cryptocurrencies, which was recently removed from the draft, did not take the opportunity to block progress on the draft. The…

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Goldman Sachs features cryptocurrencies, metaverse and digitization on its home page

Global investment bank Goldman Sachs has changed its home page to include crypto, metaverse, and digitization. “From cryptocurrencies to the metaverse, explore the megatrends that are reshaping economies,” Goldman Sachs’ home page now reads. Goldman Sachs home page now includes encryption and metaverse Goldman Sachs has updated its home page to feature digitization, including cryptocurrencies…