CryptoNews

CFTC Commissioner Proposes 'First-Ever' US Pilot Program for Crypto Regulation – Bitcoin News

September 9, 2023
A commissioner with the Commodity Futures Trading Commission (CFTC) has proposed the “first-ever” pilot program in the U.S. “to support the development of compliant digital asset markets and tokenization.” The regulator emphasized: “Our principles-based framework is built for innovation in technology, new products, and market structure.” ‘Time-Limited CFTC Pilot Program’ for…
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CryptoNews

Fourth Consecutive Week of Decline: NFT Sales Dip 6.75%  – Markets and Prices Bitcoin News

September 9, 2023
Non-fungible token (NFT) sales took yet another dip this week, marking the fourth consecutive week of decline, albeit a slight one, with a decrease of 6.75%. From September 2, 2023, to September 9, the total sales for this week amounted to approximately $80.69 million, with a notable chunk of $42.61 million originating from the Ethereum blockchain. NFT Sales Drop 6.75% in Weekly Decline NFT sales…
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Ripple Acquires Crypto Financial Services Company Fortress Trust  – Finance Bitcoin News

September 9, 2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple Acquires Fortress Trust The acquisition provides Ripple with Fortress Trust’s financial, regulatory…
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CryptoNews

Tether Boasts $72.5 Billion US Treasury Exposure as Interest in National Debt Falters – Bitcoin News

September 9, 2023
Tether, the largest stablecoin in the cryptocurrency market, discussed how its leverage of U.S. treasury bills creates a steady demand for U.S. national debt as a backup of the USDT issuance. The company has exposure to almost $73 billion in U.S. debt, held directly, indirectly, or as collateral for reverse repo operations. Tether U.S. Treasury Exposure a ‘Call Option’ Tether, the largest…
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