Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed. Moreover, the Fed chair reportedly said that a framework for stablecoins is needed. Fed Chair Powell on US CBDC and […] Source: https://news.bitcoin.com/fed-chair-powell-briefs-lawmakers-on-us-central-bank-digital-currency-progress/
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has outlined a “very real economic difference” between crypto like bitcoin and fiat currencies like the U.S. dollar. “You have a whole central bank, and support for one currency, generally per economic region,” the SEC chief noted, adding that we don’t have the same in bitcoin. […] Source: https://news.bitcoin.com/sec-chair-gary-gensler-outlines-very-real-economic-difference-between-bitcoin-and-us-dollar/
At the time of writing, the value of the crypto economy has reached $1.93 trillion, with bitcoin alone accounting for $1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains against the U.S. dollar. DYM surged by 16.8%, […] Source: https://news.bitcoin.com/crypto-economy-hits-1-9-trillion-on-valentines-day-surge-dym-stx-and-sei-lead-gains/
A wave of optimism has swept the crypto market, propelled by significant price surges for industry heavyweights Ethereum (ETH) and Solana (SOL). Solana has defied expectations with a strong price rally, seizing the fourth spot in cryptocurrency rankings by market capitalization and overtaking Binance’s BNB token. While a major network outage on February 6 could have spooked some paper handers,market…
After the late Tuesday launch of the Bitcoin Ordinals gaming project Bits failed to pull in as much demand as expected, the project announced on Wednesday that it was slashing prices and the total supply of its assets. “A stumble at the start never determines the rest of the journey,” pseudonymous DFZ Labs co-founder Betty said on Twitter. “While we…
After announcing key details regarding its hotly anticipated STRK token airdrop this morning, Ethereum software firm Starkware found itself on the back foot after crypto users raised ethical questions about how quickly after the launch the network’s investors and contributors will be able to sell off massive STRK positions. But in an exclusive interview with Decrypt, Starkware’s CEO pushed back…
Genesis Global Capital has received authorization to offload its stake in Grayscale’s Bitcoin Trust (GBTC), valued at approximately $1.3 billion. Genesis Global Permitted to Liquidate $1.3 Billion in Bitcoin Trust Shares According to Bloomberg, Genesis Global Holdco LLC secured Judge Sean Lane’s approval to liquidate its GBTC investments, currently estimated at $1.3 billion. The request […] Source: https://news.bitcoin.com/report-genesis-global-cleared-to-unload-1-3-billion-in-gbtc-shares/
Launched in open beta last month, Nifty Island is one of the biggest crypto games of the moment. That’s in part because it delivers a compelling, crypto-infused take on Roblox and Fortnite’s Creative Mode, serving up creative tools and letting people build and play without spending a dime. The other part of its appeal is the ISLAND airdrop ahead. Nifty…
The years of pent-up demand for Bitcoin (BTC) exchange-traded funds (ETFs) is still feeding furious activity around the top cryptocurrency, the new investment vehicle logging their strongest days yet. BlackRock, the world’s biggest fund manager, is leading the charge. Yesterday alone, the fund manager’s iShares Bitcoin Trust received a $493 million inflow—and now has $5.1 billion in assets under management. …
Nifty Island Co-Founder on Why Play-to-Airdrop Is the Game’s ‘Booster Rocket’ Nifty Island co-founder Charles Smith joins Decrypt Culture Editor Andrew Hayward to discuss the game’s play-to-airdrop campaign, why token incentives are so important to getting crypto games off the ground, and how the team plans to sustain its growth going forward. Source: https://decrypt.co/videos/interviews/TsLkobIU/nifty-island-co-founder-on-why-play-to-airdrop-is-the-games-booster-rocket
