China

Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair

Former Commodity Futures Trading Commission (CFTC) chair Christopher Giancarlo revealed that the U.S. government is exploring a Central Bank Digital Currency (CBDC) despite former President Donald Trump's opposition to the idea. Giancarlo emphasized that discussions about a CBDC are occurring behind closed doors, indicating a level of secrecy surrounding the initiative. He noted that the exploration of a digital dollar is crucial for maintaining the U.S. dollar's global dominance. The former chair's comments suggest that the government is taking the potential of a CBDC seriously, regardless of political pledges against it.

Read the full article: CoinDesk

GitHub investigates unauthorized access to internal repositories

GitHub is investigating a security incident involving unauthorized access to its internal repositories. The company confirmed that an attacker gained access to some of its internal systems, although it has not disclosed the extent of the breach or the specific data that may have been compromised. GitHub is working to

Trump orders review of fintech firms' access to Fed payment services

Former President Donald Trump has ordered a review of the access fintech firms have to Federal Reserve payment services. This initiative aims to assess the implications of allowing these companies to utilize the Fed's payment systems. The review could impact the competitive landscape for traditional banks and financial

Bitwise calls HYPE ‘most mispriced’ crypto despite 77% rise this year

Bitwise has labeled HYPE as the "most mispriced" cryptocurrency, despite its impressive 77% rise this year. The firm believes that HYPE's current valuation does not accurately reflect its potential and future growth. Analysts at Bitwise suggest that the market has not fully recognized the underlying value

Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance

A new initiative aimed at creating a pan-European stablecoin has expanded to include 37 lenders, signaling a concerted effort to reduce reliance on the U.S. dollar in global transactions. This collaboration seeks to enhance the efficiency of cross-border payments and bolster the European financial ecosystem. The stablecoin project aims

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GitHub investigates unauthorized access to internal repositories

Trump orders review of fintech firms' access to Fed payment services

Bitwise calls HYPE ‘most mispriced’ crypto despite 77% rise this year

Pan-European stablecoin effort expands to 37 lenders in push back against U.S. dollar dominance