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Patrick McHenry Explains FIT21's Passage
19.6.2024
Congressman Patrick McHenry (R-N.C.) chairs the powerful House Financial Services Committee, and has been the leading Republican on the panel for years. Last year, he spent a few weeks as the Speaker Pro Tempore of the House of Representatives, after lawmakers voted to oust then-speaker Kevin...
Stand With Crypto Endorses 18 New House and Senate Candidates
19.6.2024
Stand With Crypto, a crypto and blockchain-focused political action committee (PAC), has decided to endorse 18 additional House and Senate candidates from both parties to get crypto-friendly allies to achieve positive results in the upcoming elections. Among the favored are Kirsten Gillibrand, Rick...
Alexandria Ocasio-Cortez Bashes Fairshake Involvement in New York Democratic Party Primaries
19.6.2024
New York Rep. Alexandria Ocasio-Cortez has criticized the involvement of Fairshake, a crypto-focused super PAC, in New York’s 16th congressional district democratic party elections. Ocasio-Cortez qualified the media campaign against incumbent Jamaal Bowman, valued at over $2 million,...
Bitcoin ‘Banana Zone’ is next if these 3 indicators play out
19.6.2024
Bitcoin “Banana Zone” is on the horizon, but it will need to reverse these key metrics first to maintain a “sustainable recovery.”
US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison
19.6.2024
The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized...
Analyst: Bank of Thailand Boosts Gold Reserves to Push De-Dollarized Trading System Fueled by CBDC
19.6.2024
The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible...
Ripple Working With 10 Governments Globally, CEO Reveals in Rediscovered Interview
19.6.2024
In a resurfaced video clip, Ripple CEO Brad Garlinghouse stated that his crypto firm is collaborating with around 10 governments globally on central bank digital currencies (CBDCs). “A central bank digital currency is a stablecoin. It’s just issued by the government,”...
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
19.6.2024
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax
Balaji Srinivasan Explains Why Crypto Will Dominate Post-AI Money Systems
19.6.2024
Balaji Srinivasan argues that in the era of AI, money will become cryptocurrency, providing digital scarcity to complement AI’s digital abundance. “AI is digital abundance but it doesn’t make everything abundant. Crypto is digital scarcity and complements AI’s abundance. So money after...
Ripple CEO: Pro-Crypto Stance Will Win Votes in Upcoming Elections
19.6.2024
Ripple CEO Brad Garlinghouse expressed his view on the political landscape in the U.S. regarding cryptocurrency regulation on social media platform X on Monday. “You’ll hear this a lot more in the next few months in the U.S. — candidates will only gain votes for being pro-crypto,...
Retail crypto market growth in Canada driven by market factors, regulation
18.6.2024
Crypto platform WonderFi has swallowed up several of its competitors in Canada and expects to reap the benefits
Multiple US States Have Revoked Binance US Crypto Licenses
18.6.2024
Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke...
Canada lacks engagement from lawmakers on crypto — Coinbase exec
18.6.2024
The Canada country director for Coinbase said local regulators were “much more collaborative” with the industry than their U.S. counterparts, but politicians were falling short
Coinmetrics Report Explores the Risks of High FDVs in Crypto Markets
18.6.2024
A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights...
Blackrock’s Cohen Discusses Financial Advisors’ Cautious Approach to Spot Bitcoin ETFs
18.6.2024
Blackrock’s chief investment officer of ETF and Index Investments discussed the cautious approach financial advisors take toward spot bitcoin exchange-traded funds (ETFs) due to price volatility and regulatory concerns. “Their job is really to construct portfolios and do the risk...
Hashdex files with SEC for combined spot Bitcoin and Ether ETF
18.6.2024
If approved, the crypto ETF would be the first of its kind, but probably not the last
Crypto Market Slump, is Bitcoin Price Drop The Cause?
18.6.2024
The Crypto community rejoiced after the crypto winter finally came to an end and Bitcoin rallied to an all-time high of over $70k. However, there is a major concern growing among holders as Bitcoin price recently dropped below $65k suggesting the onset of a bearish market. The effect of BTC price...
Transak Lists Paypal’s PYUSD for Easier Crypto Access
18.6.2024
According to an announcement, the Web3 and crypto firm Transak listed Paypal’s stablecoin, paypal usd (PYUSD), on its platform. This integration allows users to purchase PYUSD using various local payment methods, aiming to simplify the transition to cryptocurrencies. PYUSD Listed on Transak...
Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates
18.6.2024
The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated...
Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets
18.6.2024
Tether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar using Tether Gold...