Société Générale, a French multinational investment bank and financial services provider, is using the stablecoin of Maker to gain liquidity on its investment holdings.
Tag: crypto
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NEW CONGRESS, NEW CRYPTO DIRECTION?
A divided new Congress, with Republicans in control in the House, and Democrats retaining a slim majority in the Senate, has led some to conjecture that not much might get done concerning crypto clarity in 2023.
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CRYPTO-POWERED FINTECH GETS A BOOST AT NCUA
The National Credit Union Administration (NCUA) has signaled greater integration of crypto financial tech innovations with the creation of several positions.
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FTX BEING USED AS EXCUSE FOR GOVERNMENT TO DESTROY PERMISSIONLESS BLOCKCHAINS AND FINANCIAL AND PRIVACY RIGHTS OF AMERICANS
Congress and the SEC couldn’t be bothered to look into the financial shenanigans and warning signs at FTX, as long as CEO Sam Bankman Fried was spreading around 40 million worth of campaign contributions to Democrats in the 2022 election cycle.
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BLOCKCHAIN BATTLES
Though details are still sketchy, it looks like Sam Bankman-Fried (often referred to as SBF) won’t be zooming in to a congressional hearing today to testify about the collapse of the FTX crypto exchange.
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INNOVATION ON NATIVE BITCOIN USE IN DEFI ON THE HORIZON
Bitcoin holders who would like to use their crypto for Defi lending and borrowing, etc., without having to exchange it for stand-in tokens, will likely see more options over the next 12 to 24 months.
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ECB OFFICIAL CALLS FOR COORDINATION OF GLOBAL CRYPTO REGULATION
Cryptocurrency regulations among various countries should be “harmonized…so that gaps don’t occur that are missed by regulators,” Elizabeth McCaul, a member of the European Central Bank’s supervisory board, said in 28 November remarks at the Financial Times Crypto and Digital Assets Summit.
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PROMINENT DIRECTOR OF WELL-CLOAKED CRYPTO FIRM LAMENTS LACK OF TRANSPARENCY
Sheila Bair, who chaired the Federal Deposit Insurance Corporation (FDIC) during 2008’s Great Recession, lamented the crypto industry’s lack of regulation during a 17 November CNBC interview.
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BLOCKCHAIN BATTLES
A few weeks ago, we pointed out that the stablecoin Tether (USDT) exhibited some worrying signs, including a delay on its pledge to fully provide accounting for and revealing its mechanisms and backing for maintaining its “1 to 1” peg to the U.S. dollar.