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CATEGORY: bills


Sep 11, 2024 12:05

Will Polkadot Accept This Major Request From A RWA Platform? DOT Down 65%

Centrifuge, a real-world asset (RWA) solution and a Parachain, has a plan for Polkadot, a smart contracts platform. In a proposal, the RWA platform suggests that the newly created Polkadot Community Foundation allocates $3 million USDC to their T-Bill pool. This pool is held within the Anemoy Liquid Treasury Fund and aims to serve multiple objectives. Centrifuge Wants Polkadot To Invest $3 Million In T-Bills In their proposal, allocating the $3 million to T-Bill as an investment will benefit the broader ecosystem. Of note, it will help boost the long-term sustainability of the Polkadot Treasury. This is because the T-Bill pool will generate stable yields from real-world assets, thereby further increasing the financial health of the Treasury. Related Reading: Cardano Foundation Reports Massive Growth In These Key Metrics ADA Price Soars 3% Though the funds will be from the foundation, Centrifuge argues that injecting the $3 million USDC into the T-Bill pool will help increase the network’s total value locked (TVL). Subsequently, this will also expand the Treasury’s assets. The foundation might consider investing in RWAs, as proposed by Centrifuge, as it could foster the growth of this technology within Polkadot, pushing adoption and growth as a result. Laying out their proposal, Centrifuge said if the foundation decides to invest, it would align with their previous investment in the Anemoy Liquid Treasury Fund. In turn, this may offer a unique opportunity for Polkadot to diversify and expand its investment basket. It is especially now that tokenization and RWA is picking up momentum. RWA Picking Up Steam, Will DOT Reverse Losses? BlackRock, one of the top asset managers in the world, is one of the leaders in tokenizing treasury bills. On Ethereum, the manager has launched BUIDL, a platform where institutions can invest in tokenized Treasury bills. As of September 10, BUIDL is the largest tokenized Treasuries provider, managing over $514 million, according to RWA.xyz.   The proposal is so far garnering community support. Roughly a week before the decision, over 53% agreed with this proposal. However, some community members are expressing concerns. Related Reading: Ethereum Sees Massive Outflows from Derivatives: What Does This Mean For ETH? Most of them point to the potential risks and the negative implications of this on the network’s Treasury. One concern is that if this is approved, it could increase DOT spending requests, eventually depleting its reserves. While the prospect of RWA taking off in Polkadot is bullish, DOT is still under pressure. From the daily chart, DOT is down roughly 65% from March highs. It is also in a descending channel and retesting multi-month support.     The primary support lies at around $3.5. On the upper end, resistance is at $5. A break above this line will lift sentiment, propelling the coin towards $6.5 in a buy trend continuation formation. Feature image from Unsplash, chart from TradingView

Aug 22, 2024 02:15

Hong Kong Monetary Authority Announces Tender Results for PBOC RMB Bills


The Hong Kong Monetary Authority (HKMA) announced the results of the tenders for the People's Bank of China (PBOC) RMB Bills held on 21 August 2024. (Read More)

California AI bill under scrutiny by US policymakers

Author: Cointelegraph by Pradipta Mukherjee
United States
Aug 20, 2024 12:00

California AI bill under scrutiny by US policymakers

Senator Scott Wiener defends Californias AI bill, SB 1047, against criticism from Nancy Pelosi and other policymakers, emphasizing the need for oversight beyond tech companies.

Aug 17, 2024 02:15

HKMA Releases Tentative Schedule for Exchange Fund Bills and Notes for Q4 2024


The Hong Kong Monetary Authority has issued a tentative schedule for Exchange Fund Bills and Notes for the fourth quarter of 2024. (Read More)

Aug 02, 2024 02:30

XRP Hits New Milestone with Tokenized T-Bills

XRP’s mainstream adoption is set to skyrocket after tokenization platform OpenEden announced tokenized US treasury bills to the XRP Ledger for the first time. These T-bills are a short-term US government debt obligation backed by the US Department of the Treasury. The tokenization of T-bills onto the ledger highlights how traditional assets are being adapted for […]

OpenAI backs Senate bills to advance AI safety and accessibility

Author: Cointelegraph by Amaka Nwaokocha
United States
Aug 01, 2024 12:00

OpenAI backs Senate bills to advance AI safety and accessibility

OpenAIs support for these bills highlights a broader vision for AI that balances safety, accessibility and the potential for educational progress.

Binance.US gets greenlight to invest customer assets in Treasury Bills

Author: Cointelegraph by Vince Quill
United States
Jul 21, 2024 12:00

Binance.US gets greenlight to invest customer assets in Treasury Bills

The court stipulated that Binance could invest customer funds custodied at BitGo in Treasury Bills maturing along a four-week basis.

Binance.US secures court approval to invest $40 million in US Treasury bills

Author: Oluwapelumi Adejumo
United States
Jul 20, 2024 01:10

Binance.US secures court approval to invest $40 million in US Treasury bills

A US court has granted Binance US permission to invest certain customer fiat funds, currently held at BitGo, in US Treasury Bills. Earlier this week, the exchange requested court approval to invest about $40 million in $10 million increments over four weeks. These investments will be made through a trading account on TreasuryDirect in US […]

The post Binance.US secures court approval to invest $40 million in US Treasury bills appeared first on CryptoSlate.

Jun 20, 2024 02:15

Hong Kong Monetary Authority Announces Results of RMB Bills Tender


The Hong Kong Monetary Authority revealed the results of the Peoples Bank of China RMB Bills tender held on June 19, 2024. (Read More)

Apr 14, 2025 04:10

Senator Tim Scott Targets August 2025 for Crypto Market Structure Bill Passage

Senator Tim Scott expects a crypto market structure bill to become law by August 2025. As chairman of the Senate Banking Committee, Scott highlighted the progress made in advancing crypto regulation. In March 2025, the committee moved forward the GENIUS Act, a stablecoin bill, showing its commitment to digital asset

Tether’s excess reserves up to $3.3B, holds  $72.5B worth of US Treasury bills

Author: Cointelegraph By Gareth Jenkinson
United States
Jul 31, 2023 04:40

Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills

Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion.

Jul 30, 2023 05:50

US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto

The U.S. House Committee on Financial Services has passed the Keep Your Coins Act of 2023 to protect the self-custody of crypto. “Those attacking self-custody oppose individual freedom. They want someone they control to control your assets,” said Congressman Warren Davidson who introduced the bill. Keep Your Coins Act of 2023 Advances The U.S. House [...]

The post US House Committee Passes ‘Keep Your Coins Act’ to Protect Right to Self-Custody Crypto appeared first on Crypto Breaking News.

Mar 20, 2025 05:50

Blockchain Association Predicts Congress to Pass Stablecoin and Market Structure Bills by August

In August, the Congress introduced bills that could potentially impact the stablecoin market structure, causing a stir among members of the Blockchain Association. The proposed legislation aims to regulate stablecoins and digital assets, highlighting the growing concern over the need for regulatory clarity in the cryptocurrency space. The bills unveiled by Congress have sparked discussions [...]

The post Blockchain Association Predicts Congress to Pass Stablecoin and Market Structure Bills by August appeared first on Crypto Breaking News.

Mar 19, 2025 05:55

Rep. Khanna Urges Swift Passage of Stablecoin Market Structure Bills in 2021

In an exciting development for the cryptocurrency world, Congressman Ro Khanna has indicated that bills regarding the stablecoin market structure are expected to be completed this year. This news comes as a positive step towards establishing clearer regulations and guidelines for stablecoins. Stablecoins have gained popularity in recent years due to their ability to maintain [...]

The post Rep. Khanna Urges Swift Passage of Stablecoin Market Structure Bills in 2021 appeared first on Crypto Breaking News.

UK crypto bill reaches final stage, on track for passage

Author: Cointelegraph By Ana Paula Pereira
United States
Jun 30, 2023 12:00

UK crypto bill reaches final stage, on track for passage

The legislation now waits on King Charles’ table for royal assent, the final step required for a parliamentary bill to become law.

Who is "SARATOSHA NAGAMOTO"?! Nobody Knows, But We Do Know the Shady Truth of Crypto-Hating Congressman Brad Sherman...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jul 27, 2023 12:35

Who is "SARATOSHA NAGAMOTO"?! Nobody Knows, But We Do Know the Shady Truth of Crypto-Hating Congressman Brad Sherman...


Brad Sherman makes it painfully obvious, his anti-crypto stance does not come from doing research, becoming educated on the topic, and coming to an honest conclusion. The traditional finance companies that tell him what to say probably should have had him rehearse. 

Worth Another Look: In a report we published back in 2019, we exposed everything from his top campaign donor charged with processing illegal transactions and using shell companies to avoid anti-money laundering laws, to why women feel "uncomfortable" in his office. The full article is hereSubscribe to GCP in a reader

Jun 25, 2023 10:30

US Treasury yields are rising — What does it mean for Bitcoin price?

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars. Assuming the worst-case scenario of the U.S. government [...]

The post US Treasury yields are rising — What does it mean for Bitcoin price? appeared first on Crypto Breaking News.

Feb 26, 2023 06:55

A cryptocurrency mining rights bill prohibit the discrimination of crypto


The Montana Senate approved a law to protect cryptocurrency miners from discrimination. (Read More)

Central African Republic eyes legal framework for crypto adoption

Author: Cointelegraph By Arijit Sarkar
United States
Jan 22, 2023 08:20

Central African Republic eyes legal framework for crypto adoption

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.

Spritz: Pay Bills with Crypto Review - Right Now Claim FREE $50 Towards ANY BILL You Want, as Platform Opens for US Beta Testing...

Author: noreply@blogger.com (Silicon Valley Newsroom)
United States
Jan 11, 2023 04:15

Spritz: Pay Bills with Crypto Review - Right Now Claim FREE $50 Towards ANY BILL You Want, as Platform Opens for US Beta Testing...

This is our favorite new tool in a while, one I actually plan on using for the foreseeable future because  it's making life easier.  The end result will be the same, but now I can get there with less steps and a lot faster.

It's called Spritz and they've built what they call "the bridge between DeFi and traditional finance (TriFi)".

In simpler terms - everyone has bills to pay every month, now there's a way to pay the bills with crypto that actually seems easier, faster, and generally better than the old way.

Plenty of projects claim they are the 'solution' to some problem - but we consider Spritz an actual solution, for the simple fact that they're capable paying literally every type of bill the average person could have - credit card bills, cell phone, cable tv, utility, mortgage payments, car payments, student loans... you get the idea!

Sometimes it feels like doing things the 'new way' actually means still having to do some things the old way - but Spritz actually seems ready to handle your bills, all of them, period.
Right Now They'll pay $50 Towards Any Bill You Want!

The platform just opened up for Beta testing for people in the United States!   

So if you live in the US and want to be one of the first to use the site: Sign up via this invite link, pay at least $50 towards your bills, and they will then credit you with $50 more that you can use towards any bill you want!

It Was Actually a FASTER Way To Pay Bills Online..

Instead of jumping around to multiple websites, having to log in each time, you link your accounts here once, and you now have just 1 platform able to handle all of your monthly bills. 

The Actual Payment Process...

Was as simple as making a trade on any DEX (Decentralized exchange like Uniswap or PancakeSwap). 
It works with all the top wallets like Metamask, Coinbase Wallet, Trust Wallet, Ledger and more. 

But most impressive was their 'use any coin' policy...

You can then pay your bills with any tradable coin from 5 blockchains of your choice - Ethereum, Polygon, Avalanche, Arbitrum, Optimism, and BNB Chain! They plan to add even more blockchain networks soon.

Obviously, it can't be a coin with a $2 daily volume, but if they can trade it, you can probably pay your bills with it.

"Any bill. Any token. Any wallet. It's that simple." 

That's it, you just hit send and the rest is handled by them! Real world financial utility from your crypto, without selling coins at the end of the month for Fiat currency, then hoping the bank transfer shows up before they're late. 

Use Spritz as the gateway between your bank and DeFi! 

Now you can skip transfering coins to a major exchange when you do need funds in your bank account.  Spritz can function as an off-ramp, sending fiat currency to your bank account following a single transaction from you.

Who is Behind Spritz, and Can We Trust Them?

First, it's important to note they state they will never ask for your private keys - this also means there isn't a security risk from you simply using the platform for transfers, they will only be allowed to access coins you specifically approved for them to use.

The site was developed by the team behind QuickSwap, for those unfamiliar, it's a decentralized exchange that launched a couple years ago.  They became popular fairly fast, and currently even in this bear market process over $10 million in daily trades.

So if this sounds useful to you, make sure to use this invite link to claim a $50 Credit once you make payment of $50 or more towards any of your bills! 

------- 
Author: Justin Derbek
New York News Desk
Breaking Crypto News

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