Crypto in the House: Execs on the march, US partisan politics and Web3
A largely proclaimatory meetup generated a positive response, with the industry appearing ready for a busy new year on the Hill. Go to Source Powered by WPeMatico
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House committee announces crypto CEOs will testify at Dec. 8 hearing on digital assets
The hearing, “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States,” is the latest from Congress to explore the issues concerning crypto assets. Go to Source Powered by WPeMatico
Blockchain Industry to Surpass $67 Billion by 2027: Fintech Report Names 2021’s Most Influential Blockchain Companies
Financial technology (fintech) has exploded during the last two years and cryptocurrency and blockchain firms have bolstered the billion-dollar industry. A recently published study by Utility Bidder indicates that the industry is predicted to surpass $382 billion by 2027. Moreover, fintech firms that are blockchain-specific are projected to be worth over $67.4 billion by 2027. … Read more
Senators pressure Facebook to ‘immediately discontinue’ Novi wallet pilot
Facebook’s crypto wallet has been shot down by banking committee senators just hours after it launched a pilot. Go to Source Powered by WPeMatico
Facebook pilots Novi crypto wallet with Coinbase, Paxos
The social media giant still intends to launch Novi along with its Diem payment network once regulatory approval is granted. Go to Source Powered by WPeMatico
FTX customer seeks help after mistaken deposit allegedly results in $1M in fees
DeFi blog Rekt claims that FTX failed to adhere to its own terms and conditions by imposing the fee. Go to Source Powered by WPeMatico
Interactive Brokers Launches Cryptocurrency Trading for Customers Through Paxos
Interactive Brokers, one of the largest online brokerage firms, has announced today it is offering cryptocurrency trading services in alliance with Paxos. Users of the platform now have a complete suite of cryptocurrency trading options, along with traditional trading offerings like stocks and bonds. The company recognized the importance of digital assets for traders to … Read more
Which stablecoins were actually ‘stable’ during this week’s sudden Bitcoin price crash?
Crypto traders flocked to the safety of stablecoins during the Sept. 7 market crash. Go to Source Powered by WPeMatico
The $62B Stablecoin Giant Tether Publishes Assurance Report Reviewed by Auditor Moore Cayman
Tether Limited has released an assurance report reviewed by Moore Cayman, an auditor of investment funds and digital assets. The report provides a breakdown of the company’s assets and reserves which Moore Cayman claims are around $62.7 billion as of June 30. Tether Publishes Assurance Report On August 9, 2021, Tether’s chief technology officer tweeted … Read more
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with USD. HUSD Monthly Attestations On Thursday, more than $117 billion … Read more
