The Vice Chair for Supervision at the U.S. Federal Reserve, Michael Barr, recently addressed the issue of stablecoins and central bank digital currencies (CBDCs). This article examines Barr’s comments and their potential impact on the cryptocurrency industry. Barr emphasized the need for a “strong, federal regulation” of stablecoins to ensure proper approval, regulation, and enforcement
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While the Bitcoin price continues to record profits, it is showing signs of exhaustion on lower timeframes. However, when zooming out and considering recent data, it becomes clear that cryptocurrencies have experienced a massive rally over the past few months, with the potential for further gains. As of now, Bitcoin is trading at $34,800 with
On Tuesday, November 7, 2023, the much-anticipated Sponge token ($SPONGE) Season 1 airdrop took place, with over $100K distributed among participants. This competitive airdrop attracted more than 20,000 active participants who engaged in a series of Sponge challenges related to trading, engagement, and $SPONGE token holding. In this article, we will analyze the results of
Ripple CEO Brad Garlinghouse is eagerly anticipating the upcoming DC Fintech week, where he is expected to make some significant announcements and engage in heated discussions. Garlinghouse is known for his active involvement in the crypto community, and he has been dropping hints and teasers about the upcoming Ripple Swell 2023 event scheduled for November
Gemini’s UK branch recently announced a new policy that will limit cryptocurrency transfers exclusively to Travel Rule Universal Solution Technology (TRUST)-registered Virtual Asset Service Providers (VASPs) starting from November 17th. This decision comes as a result of the Travel Rule regulations, which now mandate VASPs to share sender and receiver information for crypto transactions. In
The Bored Ape Yacht Club (BAYC) has long been a prominent name in the world of Web3 and NFTs. With its exclusive community of digital art collectors, this members-only club is highly sought-after within the NFT space. Their unique collection of 10,000 computer-generated cartoon ape NFTs has drawn in investors from all corners of the
The founder of LHV Bank, Rain Lõhmus, finds himself in a rather unfortunate situation. He is the owner of a massive 250,000 Ether (ETH) stash, purchased during the Ethereum ICO, which is now worth an astounding $470 million. However, there’s just one problem – he no longer has access to it. In a recent interview,
In a recent wave of staff cuts, Ava Labs, the team behind the Avalanche Blockchain, confirmed that it has laid off 12% of its employees. This decision was made in order to reallocate resources and focus on the growth of their firm and the Avalanche ecosystem. While bear markets can be challenging to navigate, Ava
The U.S. Securities and Exchange Commission (SEC) has found itself facing significant challenges in recruiting professionals with expertise in cryptocurrency. According to a recent agency document titled “The Inspector General’s Statement on the SEC’s Management and Performance Challenges,” the SEC is experiencing difficulties in hiring specialists in the field of crypto assets. These challenges are
Solana (SOL) recently experienced a significant increase in value, but questions arise regarding the sustainability of its market capitalization. This article aims to analyze the factors contributing to Solana’s price surge and investment viability. Solana witnessed a notable 36.6% increase in value between October 30 and November 2. However, its failure to breach the $44.50
