US Senate Banking Committee chair says crypto framework will be a priority
With a Republican majority having taken control of the US Senate in January, Tim Scott said the Banking Committee would have an “open-minded environment” for digital assets.
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How behavioral tokenomics could facilitate the creation of a circular economy
The Iota Foundation and Imperial College London recently announced the launch of a four-year distributed ledger technology, or DLT, initiative designed to research and develop solutions to foster socially conscious, circular economic models and businesses around servitization.The Imperial-Iota-Infrastructures Lab, known as the I3-Lab, will operate within the Dyson School of Design Engineering and has adopted the…

Lebanon to launch digital currency in face of economic and financial turmoil
Lebanon's central bank governor says the country, whose lira has been in freefall, is preparing to launch a digital currency in 2021. 800 Total views 17 Total shares Lebanon’s central bank plans to launch a new digital currency in 2021 as part of a broader effort to combat a parallel economic and financial crisis that…

New Ecosystem Says It Allows Sending and Receiving Crypto or Fiat With No Fees
An upcoming crypto ecosystem has bold ambitions to offer “a much smoother way of moving fiat and cryptocurrency over the internet,” enabling people to pay in the fiat or crypto of their choice — whatever the requested currency — without fees.YPTOspace says it plans to develop a “first-of-its-kind platform that connects blockchain assets to real-world…

Crypto Markets Slump, Oil Prices Report Losses
Friday, April 26 — After breaking above the $5,500 mark yesterday, bitcoin (BTC) has reported a loss of around $260 to press time. All of the top-20 cryptocurrencies other than bitcoin SV (BSV) are in the red, according to data from Coin360.Market visualization from Coin360BTC is trading around $5,247 at press time, dropping 5% over…

Did a class-action suit play a role in Maker’s refusal to compensate March crash victims?
After multiple rounds of voting and heated discussion, the final vote to compensate losses for Maker (MKR) users that were liquidated “unfairly” during the March crash failed.About 52,500 MKR voted against any compensation, which accounted for 65% of the total votes. This amounts to about 8% of the total MKR supply, which some commentators took…

Block posts 34% increase in Bitcoin revenue in Q2 but shares stumble
Bitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last year. 158 Total views 1 Total shares Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In…

Texas enforcers want Sam Bankman-Fried to attend the hearing in February: Law Decoded
Welcome to Law Decoded, your weekly digest of all the major developments in the field of regulation.There was some substantial good news for crypto last week, but the prevailing storyline is still the unfolding of FTX. While the extradition of the failed exchange’s founder Sam Bankman-Fried seemed pretty logical from the beginning of the saga,…

Developers Propose Plan to Protect Ethereum Classic Network From Further Attacks
Major changes could be coming to the network. Ethereum Classic (ETC) accelerator Ethereum Classic Labs announced a plan to protect the blockchain from further attacks.On Aug. 19 the organization proposed taking immediate action in implementing long-term changes to the network architecture over the next three to six months. The accelerator decided to focus their efforts…