Fed Governor Waller praises stablecoins as a genuine innovation that makes the development of CBDCs redundant
The total market capitalization of stablecoins increased five-fold in the past year alone. Go to Source Powered by WPeMatico
Cryptocurrencies
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Acting OCC head calls for consolidated supervision for crypto firms
Michael Hsu said this approach would require more cooperation from both federal and state regulators, with “less regulatory competition” and “more interdependence.” Go to Source Powered by WPeMatico
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate the losses. Underground Crypto Farm Busted in Kyrgyzstan The region … Read more
KuCoin Labs Launches $100 Million Venture Capital Fund To Empower Early-Stage Metaverse Projects
The world’s sixth-largest cryptocurrency exchange by volume is making its move into the metaverse. Go to Source Powered by WPeMatico
Polygon launches a zk-STARK scaling solution for DApp deployment
The move is expected to improve the validation process for DApps on the Polygon network. Go to Source Powered by WPeMatico
IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high
IOTX price hits a new all-time high after the project shifts its focus to “MachineFi”, NFTs and decentralized finance. Go to Source Powered by WPeMatico
Ripple outlines possible regulatory framework for crypto industry in US
Innovation sandboxes, applying existing frameworks on crypto, and communication between the public and private sectors were included in Ripple’s suggestions. Go to Source Powered by WPeMatico
3 reasons why traders want to buy the Bitcoin price dip to $58.5K
BTC is retesting major support and resistance zones and analysts believe that the long-term outlook remains bullish if Bitcoin can close above $63,000. Go to Source Powered by WPeMatico
ETC Group announces new blockchain equity ETF with HANetf partnership
HANetf and ETC Group announced the continuation of their collaboration with a blockchain equity ETF. Go to Source Powered by WPeMatico
Israel reportedly adopts new AML rules for crypto
The Israeli government is now reportedly in the process of reviewing several crypto firms to issue operating licenses. Go to Source Powered by WPeMatico