Senator attaches stablecoin legislation to a marijuana bill in hopes of pushing it through Sherrod Brown, the US Senate Banking Committee Chair, disclosed plans to combine a significant stablecoin bill with marijuana business legislation. He views it as a chance to drum up support for the stablecoin initiative without giving it a lot of exposure.
The CFTC reportedly had steady communication with the crypto exchange before it failed Senators Elizabeth Warren and Charles Grassley have scripted a letter to Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), seeking information about Behnam’s interactions with the former CEO of FTX, Sam Bankman-Fried, prior to the crypto exchange’s failure. The senators
The change would make recovering wallets significantly easier The fear of losing cryptocurrency wallet seed phrases keeps some users up at night. However, the upcoming Ethereum Improvement Proposal (EIP) 3074 upgrade comes with a new Petra hard fork “social recovery” feature that could solve Ethereum users’ problem of losing their seed phrases. According to a
The SEC has sent a “Wells notice” as it continues its attack on the cryptocurrency space Decentralized exchange (DEX) Uniswap has recently been issued a Wells notice from the US Securities and Exchange Commission (SEC). It’s the latest move by the securities regulator against the cryptocurrency space, although the attack will most likely lead nowhere.
The blockchain is dealing with validators who seem reluctant to keep the transactions moving Solana validators recently voted in a bid to reduce the latency of consensus “votes,” which could increase blockchain transaction speeds. Currently, the blockchain is suffering from slow processing times, brought on by the actions of some validators. The recommendation calls for
The move could help bring more clarity and stability to the crypto ecosystem An experienced US government official who served as the IRS Criminal Investigations team chief for three years has joined the cryptocurrency analytics firm Chainalysis. Chainalysis announced on April 8 that Jim Lee, a former IRS agent, has been appointed as the global
The cryptocurrency exchange isn’t violating the Securities Exchange Act as the SEC asserted Coinbase has gained a significant win in its ongoing lawsuit after the US Court of Appeals for the Second Circuit ruled in its favor, confirming that Coinbase’s secondary cryptocurrency sales are not in violation of the Securities Exchange Act. The recent ruling
The company is exploring whether a native stablecoin can offer better protections Sony Bank, the financial arm of the Sony Group Corporation, announced it has begun researching issuing its own stablecoin pinned to fiat currencies, like the Japanese yen. The trial will occur on the Polygon blockchain in partnership with Belgium blockchain firm SettleMint. Jun
Irina Dilkinska has been given a sentence of four years for her role in the scandal US District Judge Edgardo Ramos sentenced the former head of legal and compliance for the multibillion-dollar OneCoin fraud scheme to four years in prison on Wednesday, according to a statement from the US Attorney’s Office released on April 3.
The latest data shows that cryptocurrency staking can offer as much as 450% more Despite solid growth across both markets, the average cryptocurrency staking reward is currently 450% higher than the average earnings paid to S&P 500 investors. The S&P 500 index, which tracks the US’s 500-largest public companies, recorded its highest first-quarter growth in
The hack compounded an already existing slowdown of activity on the platform Solana-based Telegram trading bot Solareum announced that it’s permanently suspending service after a recent security breach and citing insufficient funds. “It is with a profound sense of regret that we announce the closure of the Solareum project,” declared developers on the support channel
The man who claimed to be Bitcoin creator Satoshi Nakamoto just lost access to $8.4 million A UK court has authorized freezing £6.7 million (US$8.4 million) of Craig Wright’s assets to stop the Australian computer scientist from avoiding court expenses. The court made its decision after Wright transferred some of his assets outside the country
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