ALSO: Writing about different sessions at Consensus 2023, CoinDesk columnist Daniel Kuhn considers the difficulty that the builders of decentralized finance (DeFi) and financial regulators are having in finding linguistic common ground. Original
The former chief technology officer (CTO) and chief information security officer (CISO) from venture capital firm Andreessen Horowitz (a16z) are starting an institution-focused cryptocurrency custody firm, according to a person familiar with the plans. Source
The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle. Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis. The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into…
CryptoX – Cryptocurrency Analysis and News Portal A bill published for comment includes restrictions on stablecoins, proof-of-work mining and crypto staking. Source The post Bahamas Seeks to Tighten Its Crypto Laws Following FTX Collapse appeared first on CryptoX. CryptoX Portal
Crypto scammers have been ramping up the launch of spurious memecoins over the past two months, according to crypto sleuths. According to research from blockchain sleuths ZachXBT, one address, in particular, has allegedly launched “114 memecoin scams” in the past 45 days alone. In an April 26 Twitter thread, ZachXBT tracked the movements of the wallet address: 0x739c58807B99Cb274f6FD96B10194202b8EEfB47, noting that “each time stolen funds from the scam are sent to the exact same deposit address.” “I suspect there are more too. These are just ones sent to that deposit address…
Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that he supported creating a currency for trading between BRICS countries, Reuters reported. The BRICS nations comprise Brazil, Russia, India, China, and South Africa. In a speech during a trip to Spain, he said without providing…
Analysts from the prominent New York-based investment bank H.C. Wainwright have declared an end to “crypto winter.” The bank has initiated its coverage of U.S. crypto exchange Coinbase with a “buy” rating, saying that the company stands to benefit from the growing cryptocurrency industry around the globe. In an April 26 note sent out to investors, Wainwright analyst Mike Colonnese observed that overall crypto asset prices have rallied 45% year-to-date (YTD) supported by a 67% increase in the price of Bitcoin (BTC). According to the analyst, markets “have likely now…
Three Republican members of the United States House of Representatives Financial Services Committee have sent letters to the heads of U.S. banking regulatory agencies seeking information on possible coordinated efforts taken against digital asset firms. The letters follow up on ones sent to the same addresses by the lawmakers earlier. The letters, dated April 25, were addressed to Federal Deposit Insurance Corporation (FDIC) chair Martin J. Gruenberg, Federal Reserve System chair Jerome Powell, and Office of the Comptroller of the Currency (OCC) acting comptroller Michael J. Hsu. The letters contained…
A top Russian official has urged all countries to make efforts to ensure that the “threat of global confrontation, of a hot, full-scale World War III” does not materialize. “World tensions are white-hot indeed,” he warned. Russian Official: Full-Scale World War III Should Not Materialize The deputy chairman of Russia’s Security Council, Dmitry Medvedev, urged all countries to make efforts to avoid the outbreak of a new, full-scale global conflict Tuesday while addressing participants in the Znanie (Knowledge) educational marathon. “I cannot say what the last straw, what the trigger…
The price of Bitcoin (BTC) nosedived roughly 7% in just one hour, falling from $29,850 to $27,789, which media outlets reported was due to blockchain analytics firm Arkham Intelligence incorrectly sending out an alert that wallets linked to Mt. Gox and the U.S. government had begun shifting large sums of Bitcoin. Arkham initially tweeted to confirm the alleged mistake had occurred as a result of “bug fix” which sent out a false alert on their analytics platform to a “small subset of users.” The alert was subsequently tweeted by the…