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Speaking to Forbes, Congressman Tom Emmer dismisses the notion of a Fed Coin showdown with cryptocurrency.
The technology behind the chains or records stored in the form of blocks, which are essentially digital ledgers of crypto transactions distributed across a global network of computers, keeps attracting more investors, looking for alternative ways to gain exposure to the crypto market.
Tether (USDT) FUD surrounding the stablecoin’s issuance could have a new chapter in the form of criminal charges, which would mark a major development in the US government’s crackdown on crypto.
Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets.
A research paper titled “Taming Wildcat Stablecoins,” published in the Social Science Research Network (SSRN) by a professor of finance at Yale, Gary Gorton, and the US Federal Reserve attorney Jeffery Zhang, urges supervision of stablecoins.
Andre Cronje, creator of wildly popular decentralized finance (DeFi) yield farming protocol Yearn.Finance (YFI), today announced his new project—a blockchain-based foreign exchange (forex) platform.
A report from Israel-based Globes today stated that the apex bank of Israel plans to internally test its upcoming digital shekel on the Ethereum blockchain.
Input Output Global CEO Charles Hoskinson said in a recent ask-me-anything (AMA) Tether relies on faith, rather than impartial systems, making it counter to cryptocurrency ideals.
During May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (USDC) more than doubled, increasing 155.5%, compared to April.
Dallas Mavericks owner, Mark Cuban, who became known as a decentralized finance (DeFi) enthusiast and a high tier investor, told Bloomberg he was lazy and failed to do his own due diligence, causing him to lose money in a recent bank run.
Iron Finance, a decentralized finance (DeFi) project that started migrating to Polygon network in May, saw its share token Iron Titanium (TITAN) hit the bottom, fast, plummeting over 99% in less than a day.
Major United States cryptocurrency exchange Coinbase announced today that users of its crypto debit card, also known as Coinbase Card, can now make payments with it via Apple Pay and Google Pay apps on their phones.
Tether Global, the company that powers USDT, the largest stablecoin by market capitalization, will launch its dollar-backed stablecoins on Avalanche, it said in an announcement yesterday.
Bank of England deputy governor Jon Cunliffe spoke about the growth of stablecoins and digital money in the UK during a speech yesterday at the OMFIF Digital Money Institute, London.
Blockchain network Tron (TRX) now boasts the issuance of over $30.9 billion Tether (USDT), a tweet by founder Justin Sun said yesterday.
Investment decisions today are primarily based on the investor’s appetite for risk, mixed with a bit of research or advice and, hopefully, a positive gut feeling.
Polkadot’s network utility is about to experience a significant boost.
Global payments giant Visa today announced it would allow the settlement of cryptocurrencies on its network, as per a report on Reuters.