US Congress to hold ‘crypto crash’ hearing on Feb. 14
The “Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets” hearing will come two months after senators met to discuss the collapse of FTX.
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Euro stablecoin launched in Finland, claims to be first approved in the EU
USDC issuer Circle Inc. previously released a euro-backed stablecoin that is regulated in the United States.
Japanese Prime Minister says DAOs and NFTs help support government’s ‘Cool Japan’ strategy
Fumio Kishida said there were “various possibilities for using Web3” in Japan and has previously supported blockchain-based initiatives for authorities using digital solutions.
Blockchain provider SIMBA Chain awarded $30M by US Air Force STRATFI program
According to SIMBA Chain, the investment will go toward developing blockchain applications that will be used by several government organizations.
Genesis Capital’s fall might transform crypto lending — not bury it
TradFi firms with expertise in risk management may soon “fill the void” left by bankrupt crypto lenders, a Duke finance professor predicts.
Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company
The former chief product officer will receive a healthy severance package, as he departs from his previous role at the exchange.
UK gov’t is hiring a central bank digital currency lead for Treasury team
The team lead will determine the “strategic direction” for Treasury’s efforts to develop a digital pound in line with the U.K. government’s agenda.
Seoul government opens city’s metaverse project to public
According to Seoul Mayor Oh Se-hoon, the virtual environment will allow residents to access official documents, file complaints, and receive answers to questions on filing taxes.
Crypto lender Nexo wants to sue Bulgaria after office raids
Nexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm.
Crypto community unimpressed by SBF’s lengthy Substack letter
In the letter, SBF denies stealing funds and stashing billions of dollars away.
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