The federal bank said they are looking for a senior developer to implement example systems related to a CBDC. The applicant will engage directly with management, other developers on the team, and vendors to ensure the bank "is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors."
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Terraform Labs and its founder Do Kwon for allegedly "orchestrating a multi-billion dollar crypto asset securities fraud." In a Feb. 16 statement, the SEC said Kwon and Terraform offered and sold an "inter-connected suite of crypto asset securities, many in unregistered transactions." It pointed to its now collapsed algorithmic stablecoin, TerraClassicUSD (USTC) and its connected cryptocurrency Terra Luna Classic (LUNC).
Bitcoin (BTC) has rallied nearly 50% in the first seven weeks of the year, reaching a six-month high of $24,900, with outside forces like the sentiment in traditional markets largely supportive. Recently, the crypto market and Wall Street's tech-heavy Nasdaq index have grown resilient to the Federal Reserve's angst and the resulting uptick in Treasury yields.
A former employee of major cryptocurrency exchange Coinbase has pleaded guilty to insider trading, marking the first crypto-related insider trading case in the US.Following the insider trading incident, Coinbase CEO Brian Armstrong addressed concerns related to token listings on the centralized exchange. He announced measures aimed at improving token listing procedures and ensuring there is no unfair advantage to be exploited.
After successfully defending a price target of $22,500 since Jan. 20, Bitcoin is currently showcasing a 30-day profit ratio of around 40%. This spike has been mirrored by similar surges in the stock market, which rallied recently after China eased its COVID-19 restrictions after three long years of strict pandemic controls.
The crypto AI industry appears to be reacting to Google’s performance, with many projects in the top 10 down more than 5%. The outliers are The Graph and dKargo, which have outperformed the sector over the past 24 hours.The Graph has invested in AI technology such as Semiotic but has a core focus on blockchain data optimization and aggregation, thus differentiating itself from others on the list. dkargo, the other outlier, also has a grounding in data optimization, focusing on supply chain logistics while integrating AI to enhance its ability to crunch data.
Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes. For years now, the compliance community has been consistently warned that a deluge of new regulation for all things crypto, which would see the industry forever changed, is coming. We are still waiting for even the slightest of rains. The only potentially well-informed (although imperfect) legislative efforts on the horizon – Europe’s landmark crypto legislation, MiCA – has been held up for a second time, apparently to allow more time for translation.
Last week, EU lawmakers voted to impose strict restrictions on banks looking to hold crypto by requiring firms to hold a euro of their own capital for every euro held in crypto. The stipulations outlined reflect closely those set by the Basel Committee on Banking Supervision, the industry’s international standard setter.
Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and trade various player cards with other users across a variety of nonfungible token (NFT) marketplaces.
Hong Kong is set to demand mandatory licensing for stablecoin issuers and won't allow algorithmic stablecoins, its top financial regulator said on Tuesday. Entities conducting regulated activity in Hong Kong will have to obtain a license to operate stablecoin services.The Hong Kong Monetary Authority (HKMA) laid out its regulatory plans after receiving feedback on a discussion paper published last year. Based on the 58 responses it received, the regulator said it will set up a regime to supervise stablecoins, which are cryptocurrencies whose value is pegged to other assets.