Acting Comptroller of the Currency Michael Hsu said he’s concerned about the variability and lack of interoperability across stablecoins as his agency and other U.S. regulators try to come to terms with oversight. Source
A quant has explained how the Bitcoin funding rate (72 hour) may be able to correctly signal tops and bottoms in the price of the crypto. Bitcoin Funding Rate May Be Able To Indicate Tops And Bottoms In The Market As explained by an analyst in a CryptoQuant post, the 72-hour version of the funding rate looks to have been effective at pointing out tops and bottoms in the BTC market. The “funding rate” is the periodic payment that Bitcoin futures traders (either long or short) have to make between…
Leading US-based crypto exchange platform Coinbase is listing “the world’s lightest blockchain” after a two-week delay. News of the listing sent Mina Protocol (MINA), a privacy-focused payments protocol clocking in at a size of just 22 kilobytes, surging from its 24-hour low of $3.04 to $3.48, a 14.5% increase. According to the crypto project’s website, MINA’s small size allows anyone to connect to the internet using their smartphone to validate the blockchain’s transactions. Mina protocol uses zero-knowledge (ZK) proofs to secure user data while executing smart contracts. ZK proofs allow…
Ethereum classic was easily the biggest gainer in the top 30 on Thursday, as the global crypto market was trading 0.9% lower as of writing. ZEC was also higher on the day, in what was a choppy session, as volatility remained higher, following a recent decline in prices. Ethereum Classic (ETC) Ethereum classic (ETC) was one of the only cryptocurrencies in the top 30 to climb on Thursday, following a turbulent market session. Following a low of $38.40 on Wednesday, ETC/USD rallied to a peak of $43.11 during today’s session.…
Philippines-based major fintech company PayMaya has reportedly launched a new cryptocurrency feature on its app, following in the footsteps of PayPal, Venmo and others. According to TechInAsia, PayMaya users will be able to trade, purchase, and spend digital assets using their accounts. This is also part of PayMaya’s aim to offer a comprehensive crypto package for anybody interested in entering the market. With the new feature, PayMaya intends to make it simpler for Filipinos to learn about and use cryptocurrencies, as per the report. Furthermore, it will eliminate the necessity…
Chief Investment Officer of Rockaway Blockchain Fund takes an investors view on the talent wars between Web 3 and Web 2. Source
Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” dubbed the Stablecoin TRUST Act for short, as part of an effort to specify how the U.S.’s different regulatory agencies could approach companies issuing cryptocurrencies whose prices are pegged to the U.S. dollar or other assets. Source
The first quarter of 2022 has come to an end and specific digital currency markets have seen a lot of action during the last three months. Out of the top ten digital currencies, terra (LUNA) saw the biggest gains, jumping more than 43% higher against the U.S. dollar in Q1. Out of the top 30 crypto assets, unus sed leo (LEO) spiked 58% higher in value against the dollar over the last three months. Q1 2022: Terra, Unus Sed Leo, Ethereum Classic Gain Big — Solana, Algorand, Uniswap Shed Deep…
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Original
Lancium and its “Clean Campuses” made for an “ideal” partner for CleanSpark, continued Bradford, whose company has a goal to use 100% renewable energy. “Lancium’s facilities are best-in-class, scalable and, importantly, draw their power from renewable-rich West Texas.” Original