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Three Republican senators are pushing to prohibit portals from allowing apps that facilitate payments of China’s digital yuan out of concern that it could be used for espionage against American citizens. The proposed “Defending Americans from Authoritarian Digital Currencies Act” would outlaw the use of China’s e-CNY for app stores and other uses in the United States. US Says No...
The Federal Reserve’s Lael Brainard says it will take years to build a U.S. CBDC and that the project can only start once Congress and the White House sign off. Vice Chair of the Federal Reserve Lael Brainard predicts a digital dollar could take the central bank many years to build. (Drew Angerer/Getty Images) Federal Reserve Vice Chair Lael Brainard...
A quick recap of some of the noted analyst's key prognostications shows just how mixed his track record has proven. Scott Minerd, the chief investment officer of Guggenheim Investments, hasn't been shy over the past couple years about making predictions about the price of bitcoin (BTC). His calls, typically made during interviews with financial media outlets including CNBC and Bloomberg,...
The put/call ratio for bitcoin options reached yearly highs on Thursday, data shows. Activity on bitcoin (BTC) options suggests rising bearish sentiment among investors as the asset ranges between the $29,000 and $30,000 price levels. Bitcoin dropped tonearly $24,000in the past week amid systemic risks within the crypto ecosystem andinflation fearsin the broader market. The asset hasslid for seven straight...
Federal officials saw Coinbase’s admission about customers’ vulnerability in a bankruptcy and will call for congressional action to segregate clients’ funds, source says. U.S. President Joe Biden’s administration will press Congress to demand cryptocurrency exchanges keep their customers’ money separate from their own corporate funds, according to a person familiar with the plan that could constrain the way the industry...
Ledger Connect is launching in beta and will initially be compatible with the Ledger Nano X and Mobile Safari. Ledger is adding a browser extension on Safari called Ledger Connect that will allow users of Ledger hardwarewalletsto easily connect withWeb 3applications without the need for third party dependencies. Ledger Connect also has a security layer that will flag customers when...
On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. Crypto.com was one of the few crypto exchanges to keep Terra (LUNA) trades open as Terra’s death spiral...
The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. The SEC’s “crypto mom” Hester Peirce has said the regulatory “movement” around stablecoins needs to allow for “trial and error” and room for failure. Commissioner Hester Peirce — also known as the Securities and Exchange Commission’s...
The new language points out that customers could be treated as general unsecured creditors if there ever were to be such proceedings. Coinbase founder and CEO Brian Armstrongsaid in a tweetWednesday that new languagefound in its latest 10-Q filingis simply a new requirement of the U.S. Securities and Exchange Commission and that Coinbase is in no danger of bankruptcy. Armstrong...
Digital-asset analysts warned late last week that price-chart trends had turned bearish for the largest cryptocurrency. Bitcoin (BTC) fell to a three-month low Sunday, days after crypto analysts warned that price charts were sending bearish signals. The bitcoin price was around $34,500 as of press time, down 3.8% over the past 24 hours. BTC price has fallen for four straight...
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