Mexican billionaire Ricardo Salinas Pliego has urged his followers to buy Bitcoin. Elon Musk, currently the world’s wealthiest individual, could be surpassed by Bitcoin’s anonymous creator, Satoshi Nakamoto. In Nigeria, artist Davido faced backlash after allegedly scamming investors by pocketing $474,000 from his meme coin sale. Some Russian companies are resorting to cryptocurrencies like USDT […]
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The United States witnessed its first banking failure of 2024 with the closure of Philadelphia-based Republic First Bank, creating ripples within the cryptocurrency community as Bitcoin, Ether, and various altcoins experienced slight price drops following the announcement. This event has spurred discussions among crypto enthusiasts and investors, with some seeing bank failures as a compelling […]
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Officials from the government agency reportedly entered Silvergate’s headquarters last week, with discussions revolving around how to salvage the crypto bank.
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Three U.S. lawmakers have introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and approval from the Federal Reserve before they can issue a stablecoin. Instigated by Rep. Rashida Tlaib, with support from Reps. Jesús García and Stephen Lynch – all of them Democrats – the proposed law […]
The post New Draft U.S. Law Will Make It Illegal To Issue Stablecoins Without Federal Reserve Approval appeared first on Bitcoin News.
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