Roger Ver posts bail in Spain, faces extradition to the US
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges.
Early crypto investor Roger Ver, known by many as “Bitcoin Jesus,” was granted bail in Spain but still faces extradition to the U.S. for tax fraud charges.
Binance has resumed allowing its users to purchase crypto using Mastercard. Does this signal the end of Binance’s regulatory troubles?
The complaints claimed that Meta’s recent privacy policy changes would allow the company to utilize years of personal posts, private images and online tracking data for its AI technology.
The Travel Rule requires crypto businesses to collect, verify and share information about digital asset transactions with another crypto company.
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law.
The FBI is warning job seekers not to fall for the too-good-to-be-true “work-from-home” job scams.
The Fifth Circuit found that the regulator overstepped its authority in its new rules affecting hedge funds. Could this ruling be a good sign for crypto?
According to Odaily, a survey of 116 economists revealed that 74 of them predict the Federal Reserve will make its first interest rate cut of 25 basis points in September. Only five economists forecast a rate cut in July, a decrease from 11 in a May survey. No one predicted a rate cut in June. Oscar Munoz, Chief US Macro Strategist at TD Securities, stated that the Federal Reserve is in a favorable position considering the current monetary policy's constraints on the economy. Out of the 116 respondents, 68 predicted two rate cuts this year, roughly consistent with last month's survey. With persistent high inflation, particularly the PCE price index, and extremely low unemployment rates, the possibility of an early rate cut is slim. The median forecast shows that inflation indicators such as CPI, core CPI, PCE, and core PCE are not expected to reach 2% until at least 2026. The unemployment rate is expected to remain close to the current 3.9% until at least 2027, indicating that the labor market will continue to be tight.
According to Foresight News, the Central Bank of the United Arab Emirates (CBUAE) board has approved the issuance of stablecoin regulation and licensing rules. These rules clarify the issuance, licensing, and regulation of payment tokens supported by the UAE Dirham (AED). Legal experts in the UAE have stated that payment tokens must be backed by the UAE Dirham (AED) and cannot be linked to other currencies, digital assets, or algorithms. Merchants and service providers can only accept tokens supported by AED and cannot accept other virtual assets. This move by the CBUAE is seen as a significant step towards regulating the use of digital currencies in the country, ensuring that they are backed by a stable and recognized currency. The new rules aim to provide clarity and security for businesses and individuals using these payment tokens, while also protecting the integrity of the UAE's financial system.
According to BlockBeats, the US ADP employment figures for May recorded an increase of 152,000, falling short of the anticipated 175,000. This marks the smallest increase since January of this year. The data indicates a slower growth in the job market, which could potentially impact the economic recovery process. Further details or implications of this development are yet to be disclosed.