News list for " released Wednesday"
A report released by Bernstein on Wednesday revealed that it believes a "perfect storm" of political and regulatory forces is creating ideal conditions for U.S. stablecoin legislation this year. The analysts added that possible legislation in the US could prompt major Financial Institutions Groups to evaluate how to integrate stablecoin issuance or settlement into their business models. In addition, regulators are expected to step up scrutiny of past'debanking 'practices, further integrating sta...
Apple on Wednesday released updates to its software for iPhone, iPad and Mac, including ChatGPT-integrated Siri. It's also a big win for OpenAI as it showcases its most important product to millions iPhone users.
A study published Wednesday by a16z crypto notes that the number of active cryptocurrency addresses and usage has reached an all-time high this year. The report estimates that as of September, there were around 617 million cryptocurrency holders worldwide and 60 million monthly active users. In 2024, monthly active crypto addresses will rise to over 220 million, with Base at the top of the Ethereum EVM chain with 22 million addresses, while Solana dominates the non-EVM chain with over 100 millio...
In its cease-and-desist order issued on Wednesday, the Federal Reserve said United Texas Bank, which has ties to the crypto industry and is understood to have worked with cryptocurrency companies in the past, notably with the Stellar Foundation and Circle's USDC, had "material deficiencies" in crypto customer and bank risk management. The Federal Reserve added that the Bank of United Texas has since taken steps to strengthen its banking...
