Morgan Stanley increased exposure to Bitcoin, held $300M in Grayscale shares
The investment firm’s exposure to Bitcoin across three major funds totals roughly $303 million with 6,626,381 shares as of Sept. 30. Go to Source Powered by WPeMatico
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Senate Banking Committee chair seeks information from stablecoin issuers and exchanges, suggesting possible hearing
The senator said he had “significant concerns with the non-standardized terms applicable to redemption of particular stablecoins” in separate letters to eight crypto firms. Go to Source Powered by WPeMatico
Coinbase reportedly down for some users after fixing connectivity issue
Coinbase experienced connectivity issues three times over the past 30 days, according to official data. Go to Source Powered by WPeMatico
US Senator Pat Toomey supports digital dollar, nomination of Powell as Fed chair
“The idea of having a tokenized dollar that is capable of being exchanged on a peer-to-peer basis on a platform where developers can innovate and develop new products and services… I think there’s a strong case for that,” said Pat Toomey. Go to Source Powered by WPeMatico
Fed conducted ‘policy sprints’ around crypto assets to address regulatory clarity
Government agencies are planning to adjust compliance standards on existing laws and regulations related to custody services, buying and selling crypto, crypto-collateralized loans, HODLing, and the issuance of stablecoins. Go to Source Powered by WPeMatico
President Biden picks Jerome Powell to be next Fed chair
During his time as Fed chair, Powell has said the agency was “working proactively to issue a CBDC” but was unlikely to support a blanket ban on crypto. Go to Source Powered by WPeMatico
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested in Canada for Stealing Crypto … Read more
Bitcoin bulls in City Hall: Meet America’s crypto mayors
A wave of political goodwill and support for Bitcoin is building up. Is this just hype, or will there be long-lasting support for crypto? Go to Source Powered by WPeMatico
Is US politics divisive enough to make crypto a partisan issue?
While no longer the leader of the Democratic Party, Hillary Clinton’s comments on crypto could have the potential to create more partisanship among lawmakers regulating digital assets. Go to Source Powered by WPeMatico
Inflationary winds from around the world spell a sea change for Bitcoin
If inflation is taking a deeper hold on the global economy, could Bitcoin become less a speculative tool and more a safe haven? Go to Source Powered by WPeMatico
