• The Bank of England (George Rex via Flickr, CC-BY-SA).
    Politics

    6 central banks team up to explore digital currencies

    England’s apex bank is joining forces with the Bank of Canada, the Bank of Japan, the European Central Bank, and others to study use cases for central bank digital currencies

    The Bank of England’s statement said the group will explore “CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.”

  • The calm decorum of consolidating class action lawsuits (via Pixabay).
    Cryptocurrencies

    Tether, Bitfinex face fourth market manipulation suit

    Another lawsuit accusing stablecoin issuer Tether and cryptocurrency exchange Bitfinex of causing the losses of the crypto winter is about to join the three consolidated class actions

    The lawsuits against iFinex, which owns the two companies, seeks $1.4 trillion in damages over alleged market manipulations that led to the crypto winter of 2018.

  • "Crypto Dad" Chris Giancarlo is now fighting for a digital dollar (via Chamber of Digital Commerce).
    Politics

    ‘Crypto Dad’ goes all in on digital dollar

    Former CFTC chairman Chris Giancarlo partners with Accenture promote the potential of a U.S. central bank digital currency

    Former CFTC Chairman Chris Giancarlo has moved from regulating digital currencies to fighting for one with the launch of the Digital Dollar Foundation.

  • Regulation

    Gemini launches captive insurance firm

    The Winklevoss-owned crypto trading platform has launched its own in-house insurance unit, which will allow it to transfer some risk to reinsurance companies

    Winklevoss-owned Gemini Trust Company has launched its own in-house insurance unit to protect client’s funds against loss.