Miami mayor plans to accept first paycheck entirely in Bitcoin
The mayor said he preferred to use an app like Bitwage or Strike rather than having the local government concert his fiat paycheck into crypto. Go to Source Powered by WPeMatico
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US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks. Go to Source Powered by WPeMatico
Crypto.com is the #1 app in the Google Play Store in the US
The exchange’s app was also the third most downloaded on the U.S. Apple App Store last week, but has since fallen to 20th. Go to Source Powered by WPeMatico
Americans reinvesting stimulus checks in Bitcoin made $4.5k in profit
A timely reinvestment of $3,200 worth of stimulus checks into Bitcoin would return a total profit of $4,514 (nearly 71%) by the end of October. Go to Source Powered by WPeMatico
US Senator Hagerty to CFPB Director: Don’t Stifle Crypto Innovation
The conversation occurred at a banking committee meeting with Consumer Protections director Rohit Chopra. Go to Source Powered by WPeMatico
More than 40 digital currency ETFs await US regulatory approval
Competitors are quickly following suit after the first U.S.-based Bitcoin ETF debuted earlier this month. Go to Source Powered by WPeMatico
Biden’s pick for CFTC chair wants the agency to be a ‘beat cop’ with the authority to oversee 60% of digital asset market
Rostin Behnam said it was “critically important to have a primary cop on on the beat” of an emerging market that included cryptocurrencies and stablecoins. Go to Source Powered by WPeMatico
Privacy or policy? Why Facebook’s crypto wallet Novi is facing resistance
Facebook’s Novi wallet lets users send and receive a dollar-pegged stablecoin, but not hold it. Go to Source Powered by WPeMatico
US regulators are exploring policy for banks to handle crypto, says FDIC chair
“Establishing clear regulatory expectations will be paramount to give this market an opportunity to grow and mature in a responsible manner,” said Jelena McWilliams. Go to Source Powered by WPeMatico
The Sioux Energy Center has mined 20 Bitcoin in secret since April
The environmental impacts of the site were quickly called into question following the reveal. Go to Source Powered by WPeMatico
