Companies
BlockFi Will Lay Off 20% Of Its Staff
Cryptocurrency lending company BlockFi is shedding around 20% of its workforce as the business deals with a sharp decline in digital currency and heightened fears about the deteriorating…
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Crypto Regulation
New York State Issues New Guidance For Stablecoins
Financial regulators in New York State have published recommendations for the use of dollar-backed stablecoins corporate bonds subject to DFS regulation.
Blockchain
Jamaica CBDC Coming Soon
The legalization of the CBDC by the Bank of Jamaica (BoJ) is part of the bank’s effort to diversify the island’s economy away from…
Crypto Regulation
CFTC Introduces New bill to Regulate Cryptocurrencies
A widely anticipated Senate plan to put the unregulated cryptocurrency market under government control would benefit the industry by elevating the Commodity Futures Trading…
Companies
PayPal to Allow Crypto Transfers Between Wallets and Exchanges
Users of PayPal who have Bitcoin and Ethereum on the site may now withdraw them to external wallets. This enables PayPal purchasers to finally…
Crypto Regulation
New York Bill Limits Crypto Miners’ Fossil Fuel Use
By signing a two-year prohibition on the use of fossil-fuel power plants to produce electricity for cryptocurrency mining, the New York State Legislature has…