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DIGIT The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply, and the majority of the coins are … Read more
On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last … Read more
Ethereum needs to fix its problems. Go to Source Powered by WPeMatico
New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees. Go to Source Powered by WPeMatico
Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested … Read more
Check out this week’s Bad Crypto podcast. Go to Source Powered by WPeMatico
In issuing a no-action letter, the SEC took a more nuanced position on virtual assets. Go to Source Powered by WPeMatico
The Federal Reserve Board of Governors and several Federal Reserve Banks are actively working on the digital dollar. Legislation has proposed that each American could have an account at the Fed for transacting in the central bank digital currency. Several Digital Dollar Initiatives The president of the Federal Reserve Bank of Cleveland, Loretta J. Mester, … Read more
Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. Go to Source Powered by WPeMatico
LONDON, the United Kingdom, September 26 – CEX.IO, one of the leading international cryptocurrency exchanges, announces its plans for entering the decentralized finance (DeFi) market. To set the stage, CEX.IO lists major DeFi tokens on its exchange platform and offers instant, 0% fee Visa deposits to its customers for a limited time period. The UK-based … Read more
