Articles about cryptocurrencies, Bitcoin, Ethereum, altcoins, stablecoins, exchanges, brokers, the stock market, and investments in general.
The US House Committee on Financial Services has introduced a bipartisan stablecoin bill, aiming to provide clarity in the digital asset market and payment stablecoin regulation. The Committee’s full hearing is scheduled for June 13 under the title “The Future of Digital Assets: Providing Clarity for the Digital Asset Ecosystem.” The bill combines the ideas … Read more United States (US) Bipartisan Stablecoin Bill
Tether announced yesterday, June 5, its investment of $1 billion in the construction of the world’s largest Bitcoin mining site in El Salvador. The company participated in the first round of financing for this billion-dollar project, focusing on investing in renewable energy to support Bitcoin mining. The mining site will harness the country’s volcanic energy … Read more Tether invests $1 billion to create volcano-powered Bitcoin mining giant in El Salvador
Renowned cryptocurrency trader Tone Vays expresses his belief that the recent Bitcoin (BTC) correction is setting the stage for a prolonged bullish cycle in the market. In a strategy session addressed to his 123,000 YouTube subscribers, Vays notes that Bitcoin’s current consolidation indicates that the cryptocurrency is likely to follow a path that leads to … Read more Cryptocurrency Expert Predicts Bitcoin (BTC) Going Towards $ 300 000
The proposal for a BRICS cross-border currency has generated interest and discussion among the nations that make up this group: Brazil, Russia, India, China and South Africa. According to a report by China’s Global Times, Zhou Yu, director of international finance research at the Shanghai Academy of Social Sciences, sees this initiative as a significant … Read more The challenge of the century? The BRICS currency threatens the supremacy of the US dollar
The United States Securities and Exchange Commission (SEC) has intervened in the Filecoin (FIL) case and has issued a warning to Grayscale, the cryptocurrency manager, noting that these tokens could be considered securities. This is the latest in a series of disputes involving cryptocurrency-related companies. In response to the SEC warning, Grayscale, a subsidiary of … Read more SEC Alert! Filecoin in the Crosshairs: Could FIL Tokens Be Considered Securities?
Cryptocurrency exchange Coinbase is considering moving overseas due to a lack of regulatory clarity in the United States. Coinbase CEO Brian Armstrong has identified the Bahamas, the United Arab Emirates, and Europe as possible locations for the company’s headquarters. Coinbase’s global expansion strategy seeks to counter the growing crackdown on cryptocurrencies by US regulators, and … Read more Coinbase expands its global reach and strengthens its presence in Singapore
A crypto whale investor is timely acquiring ARB tokens through the popular exchange platform, Binance. With an impressive holding of 2.5 million ARB tokens, it has created quite a stir in the market and affected the value of ARB. Through the use of Arkham Intelligence, the whale’s transaction history has been obtained. Four days ago, … Read more A whale is discovered buying large amounts of Arbitrum (ARB) with accumulation strategy
In a leaked memo ahead of the House Financial Services Committee hearing on digital assets, it was revealed that US Democrats want full control over the country’s crypto industry. This includes the figure of SEC Chairman Gary Gensler, who is leading the war against crypto criminals and protecting investors and consumers from harm. Additionally, Republicans … Read more US Democrats Continue Their Secret War Against Crypto Industry While Republicans Defend It
Yesterday May 8, 2023, MakerDAO, the decentralized finance (DeFi) pioneer, announced the launch of its new lending and lending system called Spark Protocol, which focuses on Maker’s native stablecoin, DAI. Spark Protocol is described as an end-user DAI-centric DeFi product implemented on the Ethereum blockchain. The platform offers a variety of supply and lending functionalities … Read more MakerDAO Launches Spark Protocol, a DAI-Centric DeFi Platform
The Biden administration seeks to impose a 30% tax on crypto mining to address its environmental impact. The Council of Economic Advisers announced the proposal for the new tax, called the excise tax on energy and mining of digital assets (DAME), which would come into force after a transition period. Environmental impact of crypto mining … Read more Crypto mining under fire! The Biden administration wants to implement a 30% tax to curb its environmental impact
Yesterday, Polygon announced the release of the Polygon PoS Bridge for Polygon zkEVM. This bridge will facilitate the transfer of assets between different blockchain platforms by incorporating smart contracts into its operation. Polygon zkEVM launched last month as a beta mainnet and offers scalability solutions for decentralized applications running on the Ethereum blockchain network. What … Read more Polygon PoS Bridge improves the user experience for transactions between Ethereum and Polygon zkEVM
E-commerce giant Amazon has postponed the launch of its NFT marketplace until May 2023, according to internal sources connected to the company. The launch of the “Amazon Digital Marketplace” was initially scheduled for the end of this month of April 2023, as we reported on islabit, but it is delayed due to difficulties in the … Read more Amazon postpones the launch of its NFT Marketplace until May