Crypto News
Wyoming Grants DAOs New Legal Structure
Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an "oasis."Source link
‘Assassin’s Creed’ Maker Ubisoft Just Joined Another Crypto Gaming Network
Ubisoft is the most active gaming giant playing in the blockchain world, and it will serve as a validator for yet another network.Source link
Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs. Tether Signs Memorandum of Understanding WithSource link
BlackRock Plans to Acquire Spot Bitcoin ETPs for Its Global Allocation Fund
BlackRock Plans to Acquire Spot Bitcoin ETPs for Its Global Allocation FundSource link
Egypt Devalues Currency, Raises Interest Rates to Fulfill Key IMF Aid Requirement
Authorities in Egypt recently allowed the local currency’s exchange rate versus the U.S. dollar to decrease by more than 60%. Additionally, the central bank raised interest rates by 600 basis points. Both steps were key conditions set by the IMF which Egypt had to meet before the approval of a new financial aid package. IMFSource link