A new bill introduced to Congress seeks to control the entire stablecoin industry by requiring all related activities to obtain federal approval first
Blogs
This DeFi app based on Ethereum just stole $12 million from its users
The Ethereum decentralized finance (DeFi) space was just hit with a “rug pull,” with unknown developer(s) dragging in $12 million in what seems to be the biggest ostensible scam in recent weeks.
The post This DeFi app based on Ethereum just stole $12 million from its users appeared first on CryptoSlate.
‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos
Macau’s gambling industry is reeling amid rumors that the city’s regulator is in talks with casino operators regarding the introduction of China’s digital yuan.
‘New rules’ for SEC could follow example set by Wyoming, says Hester Peirce
“I do think there are some issues that crypto raises that are not neatly solved by our existing securities laws,” said the SEC commissioner.
‘You might get fired if you don’t own Bitcoin’: CoinShares on CNBC
There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC
Ripple CEO Walks Back Threat to Leave US
Prolonged but fruitless efforts to get regulators on the firm’s side seem to have exhausted Ripple’s patience as it eyes a potential IPO and fights a lawsuit.
The road not taken: Jealous brother claims twin earned $10M in Bitcoin
“His wealth in Bitcoin alone is more than 100 times greater than my entire net worth,” the “dumb” twin claims.
Bitcoin price consolidates as traders contest the $18.2K to $19.5K range
Bitcoin price has decided to take a breather as bulls and bears fight to take control of the $18,200 to $19,500 range.
US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters
Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.
Bitcoin’s rally from $12,000 has been mostly driven by “institutional hunger”: data
Bitcoin has undergone a strong surge over the past two months that has brought it from the $11,000-12,000 range to new all-time highs just shy of $20,000.
The post Bitcoin’s rally from $12,000 has been mostly driven by “institutional hunger”: data appeared first on CryptoSlate.
