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Day: July 28, 2022
US Senate Republican Seeking Bipartisan Support for Stablecoin Effort
The top Republican on the U.S. Senate Banking Committee, Sen. Pat Toomey (R-Pa.), said he’s dealing with Democrats to make his earlier proposal on stablecoin oversight a bipartisan effort, and Chairman Sherrod Brown (D-Ohio) confirmed he’s been involved in the discussion. Original Source BipartisanEffortRepublicanSeekingSenateStablecoinSupport CryptoX Portal
Senate’s Toomey Says He’s Seeking Bipartisan Support for Stablecoin Effort
“The first place where we should be able to find common ground, and I actually think in many cases are close, is to chart a path forward for clear and sensible regulations on stablecoins,” Toomey said at a Wednesday committee hearing, mentioning his own push for oversight of the tokens. Source
Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report
Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit gains. The total crypto market cap is also above $1.1 trillion at press time. Major alts like Solana are up in gains as well. Bitcoin stayed green…
UNI, BCH Surge by Over 20%, Hitting Multi-Month Highs – Market Updates Bitcoin News
Uniswap was trading over 20% higher in Thursday’s session as the token rose to its highest point since April. This comes as crypto markets surged on Tuesday, in the aftermath of the Fed rate decision. Bitcoin cash moved to a six week high on the news. The global crypto market cap is 6.51% higher as of writing. Uniswap (UNI) Uniswap (UNI) was one of Thursday’s notable movers, as the token rose by nearly 30% in today’s session. Following a low of $6.77 during yesterday’s session, UNI/USD rose to an intraday…
Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects
The firm has previously invested in privacy-focused smart contract platform Aztec Network, Ethereum-based DeFi protocol Euler Finance, Polygon and Uniswap, to name a few. Variant Fund III follows a $110 million second fund last October, itself coming about a year after the $22.5 million debut fund. Source
Why “The Merge” Is Not Priced In, Says Ethereum Inventor Vitalik Buterin
Ethereum and the crypto market slightly recovered some gains after the Federal Reserve (Fed) announced a 75-basis point (bps) interest rate hike. There was no surprise from the financial institutions, and the second crypto by market cap might be able to extend the bullish trend without external distractions. Related Reading | TA: Bitcoin Price Restarts Increase After Fed Rate Hike But Resistance Intact At the time of writing, Ethereum (ETH) trades at $1,640 with an 11% profit in the last 24 hours and a 7% profit over the past week. The…
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Cross-Chain Bridge Nomad Reveals Crypto Heavyweight Backers for $22.4M Funding Round
The newly announced backers included the venture capital arm of crypto exchange Coinbase, non-fungible token (NFT) marketplace OpenSea, Crypto.com Capital, crypto market-maker Wintermute, decentralized finance (DeFi) platform Gnosis and the Polygon blockchain. The round was led by crypto investment firm Polychain. Source
How the Golden State Warriors Gamified Fandom With NFTs
Silicon Valley’s NBA league tethered its tokens’ value to its success in the 2022 season. This piece is part of CoinDesk’s Sports Week. Source