MakerDAO slashes stability fees as stablecoin demand wanes
Maker hopes to reignite demand for its DAI stablecoin through the fee reduction. Go to Source Powered by WPeMatico
DIGIT
Opposition poses constitutional challenge to El Salvador’s Bitcoin law
A political party in El Salvador has filed a lawsuit alleging President Bukele’s new Bitcoin law could be unconstitutional and harmful to the country. Go to Source Powered by WPeMatico
Facebook’s David Marcus: China’s Bitcoin Mining Crackdown ‘Great Development’ for BTC
David Marcus, head of Facebook Financial (F2) who is in charge of crypto project Diem, formerly Libra, believes that the Chinese government cracking down on bitcoin mining is “a great development” for the cryptocurrency. Many people in the crypto space agree with him. Facebook’s Executive Believes China’s Bitcoin Mining Crackdown Is a Good Development David … Read more
CNBC host boldly reveals he sold his BTC amid depths of bear market
CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Go to Source Powered by WPeMatico
Chris Giancarlo: U.S. risks becoming ‘backwater’ without central bank digital currency
The former CFTC chairman weighs in on what a U.S. CBDC might look like, as well as the benefits it could bring to American citizens. Go to Source Powered by WPeMatico
Mad Money’s Jim Cramer Dumps His Bitcoin Over China Mining Crackdown and Ransomware Concerns
Mad Money host Jim Cramer said he has sold almost all of his bitcoin. He cited the Chinese government’s crackdown on bitcoin mining and concerns over bitcoin’s role in ransomware attacks. Jim Cramer Worried About China’s Mining Crackdown and Ransomware, Sold Almost All His Bitcoin The host of CNBC’s Mad Money show, Jim Cramer, revealed … Read more
Bank of Israel deputy governor confirms digital shekel pilot is underway
Despite the pilot, the central bank’s deputy governor said he was apprehensive about launching a full-scale CBDC in Israel, and referred to Bitcoin as a “pyramid scam.” Go to Source Powered by WPeMatico
Polywhale Finance founders accused of rug pull amid abrupt shut down
The founders of the DeFi yield farm have allegedly redeemed over $1 million worth of tokens as the Treasury wallet was drained Monday. Go to Source Powered by WPeMatico
Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. Go to Source Powered by WPeMatico
Financial Advisor Ric Edelman Sees ‘Tremendous Investment Opportunities’ in Bitcoin
Financial advisor Ric Edelman, founder of Edelman Financial Engines and RIA Digital Assets Council, has recommended having bitcoin in investment portfolios despite the cryptocurrency’s volatility. “This is totally new and different and it’s the first genuinely new asset class in about 150 years,” he said, emphasizing that “It has tremendous investment opportunities.” Ric Edelman Sees … Read more
