556:Strike’s El-Salvador Move::Stablecoins Salaries in Argentina::Ripple’s Legal Twist And More

Overnighters,

Episode 556:
Strike’s El-Salvador Move
Stablecoins Salaries in Argentina
Ripple’s Legal Twist
And More

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The TL;DL -

Strike Moves to El Salvador-Strike relocated its headquarters to El Salvador, expanding its services to 65 countries. This strategic move is in response to the increasing anti-crypto regulations in the United States.

Stablecoin Salaries-Argentina's New Payment Frontier-In Argentina, the USDT stablecoin is now being used for purchases and even salary payments. This development is a significant step in integrating cryptocurrency into everyday life, especially amidst the country's hyperinflation issues.

Ripple & SEC-A Joint Request Twist-Ripple Labs and the SEC have jointly requested an extension in their ongoing case. This unusual move could have significant implications for the future of cryptocurrency regulation.

Coinbase’s Canadian Crusade-Coinbase expressed appreciation for Canada's regulatory environment. This comes amidst Coinbase's ongoing conflict with the SEC in the United States, highlighting the importance of clear and engaging regulation.

Bakkt Eyes Global Crypto Expansion-Bakkt is considering expanding its retail operations in various countries. This move is indicative of the improving regulatory environment for cryptocurrency worldwide.

CBDC Alert(New York)-A New York Federal Reserve and Monetary Authority of Singapore report suggests that central bank digital currencies could facilitate cross-border and cross-currency payments. This research could have far-reaching implications for the future of global finance.

Lummis-Bitcoin Tax Unlikely to Pass-Senator Cynthia Lummis has expressed confidence that the proposed 30% excise tax on Bitcoin miners in the U.S. is unlikely to pass. This news could provide some relief to the Bitcoin mining industry, which plays a crucial role in maintaining the Bitcoin network.

GridPlus Capitalizes on Ledger Recover Backlash-Ledger faced backlash over a new service for backing up secret recovery phrases. In response, competitor GridPlus announced plans to open source its device firmware, highlighting the importance of transparency in the crypto industry.

Crypto Overnighter Podcast (5/20/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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