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US Stability threatened by $426 billion crypto market investigation


A Swiss-based nonprofit organization known as the Ethereum Foundation, which provides the underlying infrastructure for the second-largest digital asset (by market capitalization, $426 billion), asserts that an unidentified regulatory body is conducting an investigation. As per an update on...

Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience


As the crypto industry faced turmoil, Digital Currency Group (DCG) attempted to short Tether (USDT) amidst stability concerns. Tether's CTO, Paolo Ardoino, calls out the move as DCG now faces a lawsuit. The incident highlights the stark contrast between Tether's resilience and DCG's struggles. The...

FSB To Focus on Asset Tokenization and AI, Chair Says


In a letter dated February 20 and released February 26, Knot told G20 finance ministers and central bankers that the global financial stability outlook “remains challenging.” The post FSB To Focus on Asset Tokenization and AI, Chair Says appeared first on Cryptonews

New Zealand Central Bank Governor Issues Warning Against Stablecoins


New Zealand’s central bank governor, Adrian Orr, raised concerns about the stability of cryptocurrencies, particularly stablecoins, during a parliamentary committee meeting on Monday. He criticized these tokens as “misnomers” and “oxymorons,” highlighting their...

US Lawmakers Press Treasury Secretary Janet Yellen on Crypto Oversight Gaps


Four U.S. lawmakers have pressed Treasury Secretary Janet Yellen regarding crypto oversight gaps. The Financial Stability Oversight Council (FSOC), which Yellen chairs, has issued “repeated warnings about the lack of oversight of the digital asset markets,” the lawmakers detailed...

US Treasury Secretary Yellen Highlights Crypto Risks, Urges Legislation


U.S. Treasury Secretary Janet Yellen, leading the Financial Stability Oversight Council, addressed lawmakers about the risks cryptocurrencies pose to the U.S. financial system and called for regulations. During the presentation to the House Financial Services Committee, Yellen detailed concerns...

Treasury Secretary Janet Yellen Warns of Crypto Risks


U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief portion of her testimony posted Monday

How Thoreum Outpaces BTC in Price Growth Throughout Bull and Bear Markets


In the exhilarating world of cryptocurrencies, where fortunes are made and lost in the blink of an eye, Thoreum emerges as a beacon of stability and growth, offering compelling reasons why it outshines even the mighty Bitcoin (BTC) as the premier store of value token. This in-depth analysis delves...

FSB Reveals 2024 Roadmap for Crypto Regulations and Cross-Border Payments


The Financial Stability Board (FSB) has released its 2024 roadmap with plans to steer crypto regulations, cross-border payments, and broader issues in global finance. The international financial body created by the G20 revealed its plans for the current year. The main focus revolves around...

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