Republican House Majority Whip Tom Emmer (R-MN) said on Monday his CBDC Anti-Surveillance State Act has gained significant traction among lawmakers, including some that haven’t stepped forward publicly. Introduced in February, the legislation would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to Americans or using the technology to shape monetary policy. It would also…
After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff between markets and policymakers: While the U.S. Securities and Exchange…
According to developers, the fundraising goal of the initial DEX offering was reached in less than one minute. Source: https://cointelegraph.com/news/sui-dex-cetus-ido-oversubscribed-by-650
Decentralized liquidity protocol Aave has deployed on Ethereum (ETH) layer-2 scaling platform Metis, bringing a host of decentralized finance (DeFi) features and products to its ecosystem. Aave’s community recently voted in favor of a proposal deploying on zero-knowledge (zk) proof EVM zkSync, paving the way for the DeFi protocol to tap into powerful performance improvements delivered by the scaling infrastructure.…
In the next stop on his world tour, Coinbase CEO has touted the “forward thinking” crypto regulations in the United Arab Emirates. “The UAE deserves a lot of credit for being forward thinking on crypto,” wrote Brian Armstrong. “First dedicated crypto regulator in the world, a clear rule book published (!), business-friendly plus strong customer protections. Really enjoying my visit…
Other than representing a claim of one’s assets, LP tokens can be used across multiple DeFi platforms in ways that can accrue the investment’s value. How do LP tokens gain value? They gain value as a fundamental component of DeFi, contributing to the smooth operation of the DEXs and AMMs used by these DApps. One primary source of passive income…
A suspect identified only as “Hong” was detained by local authorities and arrested in the Gansu district of China after allegedly using ChatGPT to generate fake news stories. According to a report from the South China Morning Post, Hong was detained after an investigation into an unsubstantiated article relating to a train crash was discovered on April 18 by law enforcement…
Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. Xrp, formerly known as ripple, fell by as much as 5% on Monday, with…
Following United States-based crypto exchange Coinbase announcing the launch of its global derivatives platform, key executives at the firm are meeting with industry leaders and policymakers in the United Arab Emirates. In a May 7 blog post, Coinbase said chief executive officer Brian Armstrong and some of the firm’s executive team planned to discuss the potential for the UAE “to…
A spike in transaction fees and repeated BTC withdrawal outages at Binance provide a fraught backdrop to a week of Bitcoin volatility triggers. Source: https://cointelegraph.com/app/public/index.php/news/binance-fud-meets-cpi-5-things-to-know-in-bitcoin-this-week
