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Federal Reserve shuts down Farmington Bank over unapproved stablecoin project

The Federal Reserve took action against Farmington State Bank on Aug. 17, asserting the bank took on a stablecoin strategy without notifying supervisors or gaining approval. The U.S. government agency said that it approved Farmington’s application to become a bank holding company in 2020, at which time it imposed certain conditions on the bank and […] The post Federal Reserve shuts down Farmington Bank over unapproved stablecoin project appeared first on CryptoSlate. дальше »

2023-8-18 02:00


Twitter Scam Infestation: How AI Tracked 95,000 Crypto ‘Free Giveaway’ Schemes

Crypto and Twitter scams have met their digital match as a team of researchers hailing from San Diego State University in California unveils an ingenious artificial intelligence (AI) tool.  Crafted with precision, this innovative system, which they call GiveawayScamHunter, is capable of ferreting out, monitoring, and laying bare the intricate web of free cryptocurrency giveaway […] дальше »

2023-8-12 13:55


Federal Reserve will require state banks to get written ‘non-objection’ from central bank before engaging with stablecoins

The U. S. Federal Reserve has issued new guidelines for state member banks regarding activities involving stablecoins or “dollar tokens. ” According to these guidelines, banks must secure a written non-objection from the regulator before engaging in any such activities. дальше »

2023-8-10 22:30


Tether (USDT) Begins to Exploit Circle’s Reserves, Analyst Reports: USDC Might Be Losing the Stablecoin Battle

The world of stablecoins, digital currencies pegged to stable assets like the US dollar, has been in a state of flux. With the rise of decentralized finance (DeFi) and the increasing prominence of stablecoins, understanding the underlying mechanics and strategies of major players is crucial. дальше »

2023-8-7 14:05


German Data Watchdog Investigates Worldcoin Amid Ongoing Issues

Sam Altman’s brainchild, Worldcoin (WLD), is facing scrutiny as the Bavarian state regulator in Germany has been actively investigating the project for a full year. According to Michael Will, the President of the Bavarian State Office for Data Protection Supervision, the regulator has expressed apprehensions regarding WLD’s ambition to handle “sensitive data on a very […] дальше »

2023-8-2 23:00