Digital Financial News

The US House Committee on Financial Services will conduct a hearing on April 19 to evaluate the role of stablecoins as a means of payment and determine whether the payment ecosystem needs supporting legislation. The hearing, titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation,” will focus on various stablecoins and their use in the payments landscape. The committee will explore the need for stablecoin legislation based on their underlying collateral structures.

Big Four accounting firm Deloitte is ramping up its crypto expertise, actively seeking individuals with cryptocurrency knowledge to join its team. While other «Big Four» accounting firms like Ernst & Young, KPMG, and PricewaterhouseCoopers have no crypto-related job openings, Deloitte has over 300 in the United States alone, with almost all of them posted just a week ago on LinkedIn.

Cardano easily ranks amongst the top 10 most valuable crypto assets by market cap.

Major Wall Street investment bank JPMorgan is moving forward with its push to tokenize traditional financial assets despite last year’s market downturn.

When it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to a new study.

Silicon Valley Bank's dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose of social media frenzy, the Federal Reserve concluded in a highly anticipated report released Friday.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

As Bitcoin (BTC) struggles to hold its ground at the crucial $30,000 mark, the digital currency's on-chain data suggests that a price decrease may be imminent.

The payments giant Visa has unveiled a new blockchain and central bank digital currency (CBDC) project in Brazil.

As Europe moves seemingly inevitably towards the creation of a digital euro, Panetta has been appearing at the European Parliament's committee on economic and monetary affairs to discuss the project. Panetta says that Europeans see the ability to pay anywhere as the most important feature of a potential digital euro. He says that to ensure this, a digital euro could be given legal tender status in the same way that bank notes are. "If introduced, the digital euro would be a public good, and Europeans would expect to be able to access and use it easily, anywhere in the euro area. So, it would be more beneficial and convenient for all users if merchants that accept digital payments were obliged to accept the digital euro as legal tender," says Panetta. The move would have other benefits, making European payments more resilient, enhancing competition and reducing costs, he suggests. On the other side of the coin, access, Panetta says that individuals and merchants will expect to be able to obtain digital euro at their banks, just like they do today with cash. "It should be simple for people to start using the digital euro, and there should be no need to change bank in order to do so," he says. However, in the face of mounting scepticism among EU nations, Panetta accepts that political opposition could effectively sidetrack or even derail the project. "Throughout the next project phase, which is expected to be launched later this year, we will accommodate any necessary adjustments to the design of the digital euro that may emerge from legislative deliberations," he told MEPs. "The possible decision by the Governing Council to issue a digital euro would be taken only after the legislative act has been adopted."

Ukraine is set to roll out new, EU-inspired crypto regulations, with Kyiv hoping to impose the rules before the year is out.

In the world of cryptocurrencies, the spotlight is once again on Bitcoin as it surges 5% in merely a week, leaving investors and traders wondering if the weekend holds the potential for even more gains. As market sentiment shifts and volatility remains high, BTC price predictions become increasingly important in navigating the ever-changing landscape of digital currencies. 

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The freelance sector has recently received a significant boost as skilled workers look to break free from the constraints of the conventional 9 to 5 work model.

As even late-night talk show hosts begin to weigh in on events in the crypto industry, it’s clear the public is increasingly paying attention to both the potential and challenges of investing in crypto. Of even more immediate concern to crypto companies, though, are the questions around the type and number of legislative guardrails lawmakers will inevitably impose.

The price of Dogecoin (DOGE) has dived by 4.5% in the past 24 hours, dropping to $0.079495 amid a 1% fall for the wider cryptocurrency market. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Eidsson, formerly analytics director at Klarna, spoke extensively to Milne about the challenges of regulating the BNPL space in order to protect the end consumer. When asked about the controls that have been brought in (or are currently being introduced) to the BNPL space by regulators, Eidsson commented that there is absolutely no reluctance toward new rules from the BNPL providers.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Users will be able to invest from as little one euro. Crypto investment will be featured alongside digital investment services for stocks, exchange-traded funds, precious metals and commodities.“In the spirit of absolute customer focus, we stand by our customers as a reliable and strong partner.

Temenos has moved to prove its readiness to help banks, ensuring integration of its platform with multiple DLT-based technology stacks, successfully executing end-to-end retail CBDC use cases for commercial bank touch points. This includes central bank token issuance to commercial bank wallets, customer non-custodial wallet creation, CBDC conversion through orchestration of deposit account updates with on-chain transactions, and providing wallet access points for user-to-user transfers on-chain.First, it has worked with R3, which has seen its Corda private, permissioned distributed application platform tapped for a number of central bank and BIS CBDC projects globally.Secondly, Temenos used Hyperledger Besu, an opensource Ethereum client, run as a multi-node private, permissioned network, combined with a modified version of the Norgesbank CBDC sandbox, published by the Norwegian central bank.