Republicans announce formation of bicameral crypto working group
The working group involving four congressional committees will be separate from one studying a Bitcoin reserve under Donald Trump’s executive orders.
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Not ‘Viable’? Berkeley Professor Takes Dim View of Stablecoins in New Critique
A University of Berkeley professor has claimed stablecoins are a “myth” in a new critique published Tuesday, September 11.Taking the emerging market sector, which includes well-known assets such as Tether (USDT), to task, Professor of Economics Barry Eichengreen argues that stablecoins are not automatically “viable” just because they are pegged to reserves of, for example,…

Ordinals Finance has conducted a $1M rug pull: CertiK
The DeFi protocol appears to have erased its social media presence after news of the alleged exit scam broke. Own this piece of history Collect this article as an NFTOrdinals Finance, an Ethereum-based decentralized finance (DeFi) protocol that allows users to lend and borrow inscriptions, has been accused of performing an exit scam, also known…

Singapore Appeals Court Rejects Quoine Appeal in Landmark Crypto Ruling
In the country’s first legal dispute involving cryptocurrency, the Singapore Court of Appeals has ruled that virtual currency exchange Quoine must pay damages to electronic market maker B2C2. The damages are for seven transactions that were wrongfully reversed on the platform during April 2017.According to The Straits Times on Feb. 24, the court dismissed Quoine’s…

Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year
Nearly 10,000 tokens launched on BNB and Ethereum last year are suspected to have been created just to dump on investors, according to Chainalysis. 444 Total views 32 Total shares Own this piece of history Collect this article as an NFTCryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part…

Abu Dhabi regulator introduces its ‘guiding principles’ for crypto
The FSRA is taking a pro-market stance but pledges to comply with international safety standards. 376 Total views 30 Total shares The Financial Services Regulatory Authority (FSRA), the financial regulator of Abu Dhabi Global Market free economic zone (ADGM), published its “Guiding Principles” on its approach to digital asset regulation and supervision. Friendly in tone to…

Bitcoin adoption heats up as climate change wreaks havoc worldwide
In October 2018, the journal Nature Climate Change made headlines both within the crypto world and beyond after it published a study claiming that within three decades, the carbon emissions of the Bitcoin network alone could push the planet past 2 degrees Celsius of warming — the threshold established by the international Paris Agreement. While additional…

Hive Continues Independence Push as Steem Stakeholders Migrate to New Chain
Over the past few days, the ex-Steem blockchain community has gained an upper hand over Justin Sun and his recently acquired Steemit startup. After blaming Sun for attempting to centralize their network, a substantial part of the original Steem community successfully launched a hard fork called Hive. Steem stakeholders are now actively migrating to the new…

MetaMask ‘glitch’ caused opBNB recommended fees to be too high: Report
According to BNB Chain, MetaMask was averaging recommended fees from multiple networks, causing opBNB recommended fees to be too high. 110 Total views 2 Total shares A "glitch" in MetaMask that caused it to overestimate opBNB gas fees has now been fixed, according to a social media post from BNB Chain. Many users pay the