Day: June 22, 2023

Federal reserve chair Powell emphasizes need for strong oversight of US stablecoins

Federal Reserve Chairman Jerome Powell reiterated the need of robust central-bank oversight in the ongoing development of stablecoin regulations by the House Financial Services Committee. Powell further disclosed that the Federal Reserve’s staff has been actively engaged in discussions with lawmakers from both sides of the aisle regarding the cryptocurrency legislation currently under consideration by committee members. Two crypto bills underway During a twice-yearly hearing on monetary policy, Federal Reserve chairman Jerome Powell expressed his perspective on payment stablecoins, stating, “We do see payment stablecoins as a form of money,…

Immutable’s Gods Unchained launches on Epic Games Store

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Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement. Gods Unchained is a collectible trading card game similar to Hearthstone or Magic: The Gathering Arena but with cards players can own and trade. Each card is represented by a nonfungible token (NFT) on the Ethereum layer-2 network Immutable X. The game was released in June 2019 and grew its player base over the next two years to reach 80,000…