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Witnesses offer differing opinions on approach to stablecoins at congressional hearing

The Senate Committee on Banking, Housing and Urban Affairs heard from several expert witnesses with knowledge of stablecoins who urged lawmakers to establish a clear

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‘DeFi is the most dangerous part of the crypto world,’ says Senator Elizabeth Warren

Massachusetts Senator Elizabeth Warren did not hold back in her criticism of decentralized finance, expressing concern about how a run on stablecoins would affect the

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Cyprus’ finance ministry recommends ‘capacity building’ for crypto

Cyprus is moving to regulate the cryptocurrency industry, with the country’s finance ministry releasing a national risk assessment on crypto. Published on Dec. 13, the

Business

Ukrainian bank uses Stellar to launch electronic hryvnia pilot

Tascombank, one of the oldest commercial banks in Ukraine, is launching a Stellar-based pilot for Ukraine’s national fiat currency, the hryvnia. The Stellar Development Foundation

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Law Decoded: A different Congress hearing, Dec. 6–13

The biggest regulatory story of the week was a United States House Committee on Financial Services hearing squarely focused on crypto. Even the event’s title

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SEC chair’s regulatory agenda fails to include clarity on crypto, says Hester Peirce

Hester Peirce, a commissioner for the United States Securities and Exchange Commission known by many in the space as Crypto Mom, is pushing back against

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Daft Punk meets CryptoPunks as Novo faces up to NFTs

Just recently, NFT collector CryptoNovo was posing for hundreds of photos, taking meetings with top tech companies and attending scores of invitation-only parties across New

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Bank of Russia to ban mutual funds from investing in Bitcoin

The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On

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Binance Singapore withdraws crypto license application

Crypto exchange Binance has withdrawn its license application for pursuing digital payment token (DPT) services in Singapore. Starting today, Binance.sg has stopped onboarding new users

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Matt Zhang on a mission to reinvent crypto for institutional investors

Institutional interest in cryptocurrencies is increasing as the space continues to mature. A survey released on Dec. 8 by European investment manager Nickel Digital Asset