China

Brazil's central bank bans stablecoin and crypto settlement in cross-border payments

Brazil's central bank has prohibited the use of stablecoins and cryptocurrencies for cross-border payments, citing concerns over financial stability and regulatory compliance. The decision aims to protect the national currency and ensure that transactions adhere to existing financial regulations. This ban is part of a broader effort by the central bank to regulate the cryptocurrency market and mitigate risks associated with digital assets. The move has significant implications for businesses and individuals involved in international transactions using crypto.

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Iran’s largest crypto exchange founded by sons of family tied to supreme leaders: Reuters

Iran's largest cryptocurrency exchange has been established by the sons of a family with close ties to the country's supreme leaders. The exchange aims to facilitate the trading of cryptocurrencies amidst increasing interest in digital assets within Iran. This development raises concerns about potential government influence

Here’s what happened in crypto today

On October 23, 2023, Bitcoin's price experienced a notable increase, reaching $35,000, driven by positive market sentiment and increased institutional interest. Ethereum also saw gains, surpassing $2,000, as developers continued to push forward with upgrades. Regulatory developments in the U.S. hinted at clearer guidelines for

Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

A recent poll reveals that a significant portion of Americans harbor distrust towards cryptocurrencies and artificial intelligence, particularly as industry super PACs increase their influence in the midterm elections. The survey indicates that 60% of respondents view crypto negatively, with concerns about regulation and security driving their skepticism. Additionally, 55%

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup

The crypto industry is supporting a compromise on the CLARITY Act, which aims to provide clearer regulatory guidelines for digital assets. This compromise is designed to address concerns from both industry stakeholders and lawmakers. Advocates are urging the Senate Banking Committee to move forward with a markup of the bill

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Iran’s largest crypto exchange founded by sons of family tied to supreme leaders: Reuters

Here’s what happened in crypto today

Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup