Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed …
Reserve
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Regulation
Georgia to allow companies to issue stablecoins backed by reserve assets
by shayaanby shayaanThe central bank of Georgia has authorized resident companies to issue fiat-pegged stablecoins that must be backed by assets in reserve. Users …
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In brief Bitcoin is trading near $69,240 following an IEA proposal to release over 182 million barrels of oil to rein in …
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Smart Contracts
Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review
by shayaanby shayaanIn short City staff has concluded that the Vancouver Charter does not allow Bitcoin in city reserves. The motion followed a late …
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Kraken has cleared a regulatory hurdle that crypto firms have chased for years: direct access to the Federal Reserve’s core payments infrastructure. …
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The report is a third-party attestation, which provides a snapshot of reserves at a specific point in time, rather than a full …
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The US Strategic Bitcoin Reserve could lose nearly 30% of its holdings in a single legal move, even if the government does …
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In brief Arizona’s Senate Finance Committee passed SB 1649 in a 4–2–1 vote on February 16, sending it to the Senate Rules …
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DeFi
Lombard Finance Adopts Chainlink Proof of Reserve to Verify LBTC and BTC.b Collateral
by shayaanby shayaanChainlink has revealed that Lombard Finance, a Decentralized Finance (DeFi) protocol that offers Bitcoin-based proof of reserve with a total value locked …
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Steak ‘n Shake has added $5 million worth of Bitcoin to its reserves as it continues funneling all proceeds from Bitcoin payments …