Biden team will boost crypto’s role in US infrastructure, says Circle CEO Allaire
Allaire also sees political moderation as the best scenario for continued crypto development. Go to Source Powered by WPeMatico
Stablecoin
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US Representatives Add Digital Currencies to the 2021 Defense Bill
The United States government is preparing to pass the 2021 National Defense Authorization Act (NDAA) and the latest bill includes a broad definition of currencies and includes “digital currencies.” However, after more than 50 NDAA bills passed, President Donald Trump plans to veto the act which is expected to authorize more than $740.5 billion. U.S. … Read more
Facebook’s Diem stablecoin is an existential threat to traditional banking
Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future. Go to Source Powered by WPeMatico
Congresspeople speak out against Tlaib’s anti-stablecoin bill
But the bill is unlikely to become law any time soon. Go to Source Powered by WPeMatico
Law Decoded: New threats to self-custody take shape in the US, Nov. 27-Dec. 4
Tentative clampdowns coming from both the Treasury and the House in the United States lead this week’s Law Decoded. Go to Source Powered by WPeMatico
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China’s central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks might lend a hand. Go to Source Powered by WPeMatico
Russian central bank opposes ruble-pegged stablecoins
Russia wants to follow China’s approach of banning private stablecoins pegged to its national fiat currency. Go to Source Powered by WPeMatico
USDC issuer Centre lands Wall Street veteran David Puth as CEO
The company behind USDC has added a new face that could help further institutional adoption. Go to Source Powered by WPeMatico
Libra rebrands to Diem, hoping to shake off associations
The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra’s initial announcement. Go to Source Powered by WPeMatico
xSigma DeFi Is a Game Changing Protocol Backed by a NASDAQ Listed Company
The DeFi ecosystem has been growing faster than anyone can keep up with recently. Billions of dollars in digital assets are invested, despite all the problems the current services suffer from. Buggy code, security vulnerabilities and shady anonymous developers are just some of the issues that can make the DeFi space too risky right now. … Read more