CRYPTOCURRENCY
Common Ground World Introduces Weekly Culinary Competition
Common Ground World launches a new weekly culinary competition. Craft and sell Marine Ravioli for a chance to earn rewards, including the Hasty Italian Restaurant Blueprint.
Binance to Delist LINA/BTC Margin Trading Pair on June 19, 2024
Binance announces the delisting of the LINA/BTC Cross and Isolated Margin trading pair, effective June 19, 2024, at 06:00 (UTC).
FTC Investigates Big Tech's AI Investments
The US FTC is conducting a thorough investigation into the partnerships and investments between tech giants like Alphabet, Amazon, Microsoft, and AI startups like OpenAI and Anthropic, focusing on their impact on market competition and innovation.
US States Challenge CBDC as Legal Tender
Four U.S. states - Utah, South Carolina, South Dakota, and Tennessee - have filed bills to exclude Central Bank Digital Currencies (CBDCs) from their legal definitions of money, reflecting rising state-level resistance and concerns over privacy and federal overreach.
IMF Emphasizes Digitalization in Financial Inclusion Agenda
IMF Managing Director Kristalina Georgieva emphasizes the role of digitalization in expanding financial inclusion. She calls for a balanced approach that includes regulation to ensure financial stability. The IMF has also been active in digital finance, recently presenting a crypto-risk assessment tool.
US SEC Files Lawsuit against Crypto Influencer Ian Balina
The United States Securities and Exchange Commission (SEC) has brought an enforcement action against Ian Balina, a popular crypto influencer for his involvement in the promotion of SPRK tokens back in 2017.
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
In response to the recent crash of the LUNA collapse, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva questioned the risk of stablecoins, calling it a ‘Pyramid’ scheme.
IMF Boss Says Europe Can Avoid Debt Trap, Difficult to Believe in Crypto as Money
IMF Chief Kristalina Georgieva said that Europe could reverse getting into a debt crisis. She further warned about the risks associated with cryptocurrencies.
Mexico Turns Bitcoin Development Down after Billionaire’s Crypto Pitch
Central Bank of Mexico (Banco de México) and other regulatory watchdogs issued a statement prohibiting financial institutions from conducting transactions by virtual cryptocurrencies.
Mexican Billionaire To Accept BTC for His Banking Business
Mexican billionaire Ricardo Salinas Pliego endorsed the use of Bitcoin, saying his bank Banco Azteca will develop the first BTC banking business in Mexico.