The House of Representatives voted to retain Congress’ authority over current or future CBDC issuance. On May 23, members of the U.S. House of Representatives voted on the Republican Anti-CBDC Surveillance Act (HR5403), which would ban the Federal Reserve from developing or launching government-backed dollar-pegged digital currencies. Republican Majority Leader Tom Emmer proposed the policy, arguing that a central bank digital currency (CBDC) issued by the Federal Reserve would have disastrous consequences for U.S. monetary privacy. CBDC is a digital form of national fiat currency regulated by the country’s top bank and created for retail or wholesale transactions. Rep. Emmer,…
Author: Crypto Flexs
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This graduation season, give your freshmen the gift of their dreams with a cryptocurrency-backed gift card.Fashionistas, gamers, and trendsetters alike can find the perfect gift options at top retailers like Saks Fifth Avenue, GameStop, and American Eagle. Allow new graduates to indulge in their passions and treat them to exactly what they love. Make this graduation season a memorable one with the convenience and flexibility of a cryptocurrency-backed gift card.Curated cryptocurrency gift cards for new graduatesCelebrate your graduates with the best gift options tailored to their interests with our curated selection of cryptocurrency-backed gift cards.Saks Fifth AvenueGraduates are encouraged to…
The House of Representatives drew partisan lines in voting to pass a Republican-led bill blocking central bank digital currencies. Lawmakers voted 216 to 192, with 213 Republicans supporting the CBDC Anti-surveillance Act. Three Democratic lawmakers voted in favor of the bill, and 192 Democratic lawmakers opposed it.House Majority Leader Tom Emmer, R-Minn., has introduced legislation in September 2023 that would block the Federal Reserve from issuing such assets to individuals. CBDC is a cryptocurrency issued and regulated by a country’s central bank.Emmer’s main motivation stems from concerns about widespread monitoring of financial transactions. Lawmakers previously said CBDCs are “government-controlled, programmable…
Cryptocurrency exchange Coinbase has resumed XRP trading in New York state after being shut down in 2021. Paul Grewal, Coinbase’s Chief Legal Officer, announced that XRP can now be traded in the state. “We listened to you and engaged in our work in strong partnership with the state,” Grewal told the community on Thursday. Coinbase suspended XRP trading in January 2021 after the SEC filed a lawsuit against the company. Trading XRP @Coinbase You can buy it again in NY. We’ve heard you and are working in strong partnership with the state. Now you can get the word out. We…
Recent developments in the cryptocurrency market indicate strong bullish sentiment among Ethereum traders, especially in the options market. Amid growing anticipation of the potential approval of a spot Ethereum exchange-traded fund (ETF), there has been a notable shift in options prices. Ethereum call options have become more expensive than put options across all expiration periods. This price pattern suggests that the market is optimistic about Ethereum’s price outlook. Specifically, a call option gives the holder the right, but not the obligation, to purchase an asset at a certain price within a certain period of time. Related Reading This type of…
NVIDIA DOCA 2.7 Empowers High-Performance Application Developers As recently revealed in the NVIDIA Technology Blog, the NVIDIA DOCA 2.7 acceleration framework now provides developers with a wide range of libraries, drivers, and APIs for designing high-performance applications and services. These enhancements specifically target NVIDIA BlueField DPUs and SuperNICs. The newly introduced NVIDIA DOCA 2.7 is expected to significantly improve the performance of AI cloud data centers and NVIDIA Spectrum-X. The graphical representation accompanying the blog post vividly demonstrates the capabilities and performance of NVIDIA BlueField DOCA. NVIDIA BlueField DPU: A Brief Look into the Future…
NVIDIA DOCA 2.7 Empowers High-Performance Application Developers As recently revealed in the NVIDIA Technology Blog, the NVIDIA DOCA 2.7 acceleration framework now provides developers with a wide range of libraries, drivers, and APIs for designing high-performance applications and services. These enhancements specifically target NVIDIA BlueField DPUs and SuperNICs. The newly introduced NVIDIA DOCA 2.7 is expected to significantly improve the performance of AI cloud data centers and NVIDIA Spectrum-X. The graphical representation accompanying the blog post vividly demonstrates the capabilities and performance of NVIDIA BlueField DOCA. NVIDIA BlueField DPU: A Brief Look into the Future…
Spot Ethereum ETF Applicant received support this week. guess mount investment manager I’m looking at something else altcoin ETF products. Solana It is considered next altcoin In ~ line for Apply for ETF. Spot cryptocurrency ETF speculation has become very popular following the surprising success of US Bitcoin ETF products. Since its launch, the product has amassed a whopping 828,000 BTC, worth around $58 billion. The overwhelming demand for Bitcoin exposure in a regulated and accessible wrapper has set the stage for potential ETF expansion into other digital assets. Investment managers initially faced a clear lack of interest from the…
Grand Cayman, Cayman Islands, May 23, 2024, Chainwire With the addition of the Mesh platform, Sui Wallet will achieve product parity with the world’s largest self-custodial wallet, and Mesh now supports SUI tokens natively. Sui, a pioneering layer 1 blockchain delivering industry-leading performance and nearly infinite horizontal scaling, and Mesh, the leading embedded finance solution for cryptocurrencies, today announced that Mesh’s seamless digital asset transfer and account integration technology will be integrated with Sui Wallet and all other technologies. announced that they would be integrated. A wallet within the Sui ecosystem that adopts tooling. Mesh integration allows Sui Wallet users…
As the cryptocurrency world anticipates a decision from the U.S. Securities and Exchange Commission (SEC) on a spot Ethereum ETF, Samson Mow, CEO of Bitcoin adoption firm Jan3, said: voice Skepticism about the potential of Ethereum-based ETFs compared to Bitcoin. He argues that the imminent approval of these funds is not necessarily a bullish signal for Ethereum, predicting that it will underperform Bitcoin ETFs “massively.” Mow’s Call: Why Ethereum Holders Should Cash Out Now Taking a closer look at Bitcoin advocates’ comments, Mow suggests that this period may be the last opportunity for Ethereum holders to sell their holdings at…