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Eric Rosengren included the stablecoin among what he termed new disruptors to short-term credit markets. A senior U.S. Federal Reserve official has called Tetherâs USDT stablecoin a risk to the stability of the financial system. In a slide presentation Friday, Eric Rosengren, president of the Federal Reserve Bank of Boston, listed tether among the âfinancial stability challengesâ the U.S. central...
President Nayib Bukele made the announcement during a national address on Thursday. El Salvadorâs Bitcoin Law, which is expected to make the crypto legal tender within the Central American nation, is set to come into effect on Sept. 7, Reuters reported Friday. El Salvador President Nayib Bukele made the announcement during a national address on Thursday, per the report. The...
Blockchain is being implemented across many industries in the U.S., with G2 Research finding that the average traffic to four blockchain categories (Blockchain Platforms, Security, Payments and Blockchain as a Service) had increased by 120% over a three-month period. Blockchain as a service (BaaS) is taking the lead from its older sister, Software as a Service (SaaS), offering businesses third-party,...
The Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it âa very real risk.â The United Kingdomâs financial regulator, the Financial Conduct Authority (FCA) has warned consumers against 111 crypto companies that are yet to register with the FCA. Since Jan. 10, all U.K.-based crypto firms have had to comply with Anti-Money Laundering...
Bitcoinâs hash rate plummets to roughly 91 EH/s as Sichuan miners close up shop. Bitcoinâs (BTC) hash rate has fallen to its lowest levels since early November as mining operations in China start unplugging. Bitcoinâs network hash rate, a measure of its computational horsepower, has slumped 46% since its peak level in mid-May. According to Bitinfocharts, Bitcoinâs hash rate is...
Bitcoin is too slow when compared to Ethereum and other proof-of-stake networks, argued Cardano founder Charles Hoskinson. IOHK CEO and Ethereum co-founder Charles Hoskinson has argued that Bitcoin (BTC) sits at a significant competitive disadvantage due to its slow speeds and will be usurped by proof-of-stake networks. In a five-hour podcast with computer scientist and AI researcher Lex Fridman the...
The 2020 data breach of the hardware wallet company Ledger has taken yet another turn. Scammers are sending fake hardware wallets to people whose data was gathered via a third-party data breach. These fake wallets contain hardware designed to steal the userâs crypto. The scam is an ambitious one. First appearing in May, the scammers mailed packages that contained a...
What is ethereum max? Here's what we found after some quick research into Kim K's new favorite (?) crypto. On Monday morning, Kim Kardashian posted this Story to her more than 210 million Instagram followers: Plenty of celebrities and influencers have promoted cryptocurrency and blockchain projects over the years, including huge names like DJ Khaled and Paris Hilton. But Kim...
Getting A Foot In The ICO Market Crypto is one of the most hotly discussed areas of investment ,and the up-down of many key coins is leading to a lot of media attention. Despite volatility, coins just continue to gain value, and even CNBC has highlighted the rebound of Bitcoin and Ethereum from relatively large losses over recent times. This...
The comments provide a first benchmark for reinstating bitcoin payments at Tesla. Tesla will resume accepting bitcoin (BTC, +8%) as payment once the cryptocurrencyâs power-hungry miners go halfway green, CEO Elon Musk tweeted Sunday. The news appears to have driven the price of bitcoin and other cryptocurrencies up. Musk halted Teslaâs months-old crypto foray in mid-May citing environmental concerns. But...
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