It is widely acknowledged that the United States has adopted a tough stance towards cryptocurrency regulations, even after approving Bitcoin ETFs. This holds especially true for the Bitcoin mining sector, which can trace its roots back to Bitcoin’s inception. However, federal authorities appear determined to curtail the industry, despite it relying on a greener energy … Read more
Two SEC attorneys are said to have stepped down following the reprimand by a federal judge for excessive use of authority and unfair conduct in a digital currency investigation. Based on a Bloomberg article published on April 22, attorneys Michael Welsh and Joseph Watkins, who lead the legal team against crypto platform DEBT Box, recently … Read more
The price of Bitcoin (BTC) surpassed the significant threshold of $65,000, implying a potential shift toward increased optimism and potentially stronger upward trends in the market, only a couple of days following the Bitcoin halving event. Bitcoin breaks above $65,000 resistance Bitcoin reached a new high of $65,000 on April 22, as per Kristian Haralampiev, … Read more
Base’s stablecoin supply crosses $2.3 billion. The platform maintains the third-largest TVL market share. After introducing the native creation of stablecoin USDC, Base has experienced a significant growth in the amount of this digital currency circulating on their system. The expansion of this project has significantly boosted the value of stablecoins within its system, as … Read more
Several social media users seemed deceived by a supposed anti-crypto policy drafted by Massachusetts Senator Elizabeth Warren. However, the letter disseminated was a forgery. On April 21st, there was an outpouring of disappointment among Crypto Twitter users over what appeared to be a genuine letter from Senator Warren to President Biden. The letter, featuring a … Read more
Senators Kirsten Gillibrand and Cynthia Lummis of the United States have proposed a new law to create guidelines for managing digital currencies called payment stablecoins. The law intends to prevent the use of “unsecured, algorithmically managed stablecoins,” a possible reference to TerraUSD (UST) losing its peg to the US dollar in 2022. Issuers must keep … Read more