Fed chair calls for Congress to move on crypto ’regulatory apparatus’
Jerome Powell said that banks were “perfectly able to serve crypto customers“ and suggested that lawmakers should act to address the potential risks to households.
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Golem releases laptop app to mine Ethereum … but turning a profit is tricky
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Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%
The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20.The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to improve…

7,800 jobs at IBM could be replaced by AI within years, suggests CEO
Arvind Krishna, the chief executive of IBM, said roughly 30% of their non-customer-facing positions could be covered by artificial intelligence over a five-year period. 266 Total views 3 Total shares Own this piece of history Collect this article as an NFTInternational Business Machines Corp. (IBM) is expecting to put a “pause” on hiring for "back-office"…

Trader swaps 131k stablecoins for $0 during USDR depeg
An attempt to withdraw USDR stablecoins amid a liquidity crunch appears to have gone horribly wrong. 294 Total views 15 Total shares During yesterday's real-estate-backed U.S. dollar stablecoin Real USD (USDR) crisis, a trader appears to have swapped 131,350 USDR for 0 USD Coin (USDC), resulting in a complete loss on investment.According to the October

Bolivia continues crypto momentum as bank launches USDT custody
Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.
SEC’s XRP reversal marks crypto industry victory ahead of SOL futures ETF launch: Finance Redefined
Crypto investors rejoiced this week after the US Securities and Exchange Commission dismissed one of the crypto industry’s most controversial lawsuits — one that resulted in an over four-year legal battle with Ripple Labs. In another significant regulatory development, Solana-based futures exchange-traded funds (ETFs) have debuted in the US, a move that may signal the

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change Proposal
The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15.According to the notice, the NYSE Arca exchange filed a rule change proposal to list and trade shares of the Bitwise Bitcoin…

CME overtakes Binance to grab largest share of Bitcoin futures open interest
Market analysts weigh in on an intriguing ‘flippening’, as Bitcoin futures open interest on global derivatives marketplace CME overtakes Binance. 790 Total views 20 Total shares Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in