Senator Pat Toomey of Pennsylvania is proposing a different regulatory framework for stablecoins than what US President Joe Biden had previously announced. In the bill, Toomey proposes a new license for current stablecoin issuers that would maintain their standing as legal money transmitting businesses while also allowing Federal Depository Insurance Corporation (FDIC) insured entities such …
Monthly archives: April 2022
Coinbase Triggers Altcoin Rally As ‘World’s Lightest Blockchain’ Hits Top Crypto Exchange
Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, …
Bitcoin treads water at $43.5k as interest rate concerns weigh heavily on global asset prices
Bitcoin price consolidates near $43,500 as analysts predict a possible breakout to $50,000 if support can hold above $43,100. Global financial markets continued to face an uphill battle on April 7 following recent hawkish comments from the United States Federal Reserve hinting at a rapid rise in interest rates as one course of action to …
Bears have a $100M reason to keep Bitcoin price under $45K until Friday’s options expiry
Some analysts argue that Bitcoin (BTC) rallied too fast and too soon and the weakness that we see on April 7 is a result of that. Currently, a new COVID-19 variant has caused the Chinese government to implement severe restrictions on Shanghai and other major cities and persistent regulatory concerns continue to weigh down th …
Exchange coins utility, explained
The list includes Binance, Coinbase, FTX, OKEx, Kucoin and HitBTC. There are over 90 different exchange coins, according to CoinMarketCap, many belonging to the biggest names in the cryptocurrency industry. Determining which coins to invest in will come down to a question about the exchange and its benefits. HitBTC has proven itself a powerful contender …
Samson Mow introduces new nation-state adoption for crypto in Bitcoin 2022
Speaking at the Bitcoin 2022 conference in Miami, Samson Mow, former chief strategy officer of Blockstream, named three new jurisdictions that would be adopting or proposing to adopt Bitcoin (BTC) as legal tender. As told by Mow, the first is that of the Caribbean island Roatán, which is part of Honduras. Honduras Prospera Inc. is …
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Binance leads Sky Mavis’ $150 Million Funding Round
Sky Mavis, the creator of Axie Infinity, is raising $150 million from a funding round, which will be led by leading crypto exchange Binance. The fund will be used to reimburse users that lost their money following the cyber attack on Ronin Bridge on March 23. Animoca Brands and Paradigm Also Participated Other participants of …
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BitPay Now Allows Merchants To Make Payments Using Lightning Network
Crypto payment service provider BitPay has announced the support of Bitcoin Lightning Network on its platform. As a result, payments will be possible through its Premium Processing Platform. The firm added that the integration will allow merchants to accept payments from Lightning network-enabled wallets such as Strike and CashApp. It can also allow merchants to receive crypto …
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DeFiChain Adds New dTokens Corresponding to Disney, Intel, MicroStrategy and iShares MSCI China ETF
April 7, 2022 – Singapore, Singapore The four new decentralized tokens will give users price exposure, not ownership, to the underlying stocks and ETFs without any restrictions. DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that it has added four …
Ripple Investment Arm Reveals New Concepts for NFT-Focused Use Cases on XRP Ledger
RippleX, Ripple’s investment and development arm, is exploring new ways for developers to build non-fungible tokens (NFTs) on the XRP Ledger (XRPL). The payments firm teamed up with software competition platform Devpost to host a hackathon involving 400 participants and $50,000 in prizes, according to a new blog post from Abner Pinto, the RippleX tech …
PayPal Killer SDK Converts Platforms to Web 3.0 in 10 Lines of Code
April 7, 2022 – Venice, United States Algorand Foundation-backed project Smile Coin has released the public testnet version of their highly anticipated web 3.0 SDK. The SDK allows any web 2.0 platform to become a web 3.0 platform with only 10 lines of code. The SDK creates a payment gateway that enables gaming companies to …
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PARSIQ (PRQ) Lands on the Crypto.com Exchange
April 7, 2022 – Tallinn, Estonia PARSIQ has announced that its native token PRQ will be listed on the trading platform Crypto.com starting April 7, 2022. PARSIQ, the web 3.0 monitoring and data automation platform, has announced that users are able to trade PRQ tokens on the Crypto.com exchange, one of the world’s three largest …
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Vitalik Buterin quietly donates $5M ETH to aid Ukraine as total tracked crypto donations reach $133M
As told by Aid for Ukraine, a joint initiative created by the Ukrainian government, FTX, Everstake and Kuna to rally crypto donations for the country, Ethereum (ETH) co-founder Vitalik Buterin made $5 million worth of ETH donations to Ukraine in early April. According to the entity, despite the large donation sum, Buterin did not make …
Treasury Secretary hints at regulatory framework to address potential risks in digital asset markets
United States Treasury Secretary Janet Yellen listed stablecoins as one of the major policy concerns in the digital asset space for regulators, currently subject to “inconsistent and fragmented oversight.” Speaking to attendees at American University in Washington, D.C. on Thursday, Yellen said the Treasury Department was working with Congress to advance legislation to help ensure …
‘People should invest in all of the major layer-1s,’ says a veteran trader
Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built. “Any of these small projects could …
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