U.S. Treasury Undersecretary for Financial Institutions Graham Steele has called for establishing standards to regulate cryptocurrencies to prevent a potential crisis. Assistant Secretary for Financial Institutions, U.S. Treasury graham steele He emphasized establishing standards before a potential crisis occurs. At the George Washington University Law School event, Steele emphasized the opportunity for policymakers to learn from past financial crises leading to the Dodd-Frank Act and the National Bank Act. “For cryptocurrency assets, policymakers have an opportunity to take action to adopt higher standards that support responsible innovation before a crisis occurs,” Steele said. He emphasized the balance needed in legislative…
Author: Crypto Flexs
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Former OpenSea executive Nathaniel Chastain, who was convicted of fraud and money laundering last May after profiting from several collections of NFTs he chose to highlight on the marketplace’s homepage, has had his conviction overturned by a federal appeals court on grounds that he was improperly designated. I asked for it. Information about NFTs is considered “property.”In a brief filed this week with the U.S. Court of Appeals for the Second Circuit, Chastain’s attorneys alleged inside information that Chastain used to his advantage in NFT trading, namely that he planned to feature a collection of NFTs on the OpenSea homepage.…
FastCoin is a revolutionary new cryptocurrency that aims to disrupt traditional financial markets with lightning-fast transaction speeds and unparalleled security. With innovative technology and a dedicated developer team, FastCoin is poised to become the world’s leading digital currency. What sets FastCoin apart? FastCoin’s unique blockchain technology allows for near-instant transactions, making it the fastest cryptocurrency on the market. FastCoin achieves these speeds without sacrificing security because it uses advanced encryption and authentication protocols to ensure the safety of every transaction. Additionally, FastCoin has a fixed supply, meaning its value remains stable over time. Advantages of FastCoin For investors and businesses,…
Glassnode data recorded a monthly increase of $4.1 billion in total stablecoin supply, a 21-month high for the fiat-pegged cryptocurrency following bullish momentum. Since October of last year, the supply of stablecoins has steadily increased along with the rise in Bitcoin prices. This rise has impacted the overall stablecoin market capitalization, which as of January 18 was over $128 billion. This increase marks the largest inflow since March 2022. Tether’s USDT dominated the scene with nearly 73% market share. Circle USD Coin (USDC), the second largest stablecoin on the market, followed with a 19% share. Binance USD (BUSD), issued by…
On-chain analytics firm Santiment has revealed that altcoins have been making a difference in network growth recently. Altcoins are observing polarization regarding network growth new post In The metric of interest here is “network growth,” which tracks the number of new addresses joining a cryptocurrency network. The new address is defined as the address that comes online for the first time on the blockchain (i.e. the address that makes the first transaction). New addresses may appear on the network for several reasons. Some cryptocurrency users like to create a new address every time they want to engage in a new…
Grayscale investors could face further downward pressure on the Bitcoin price next week. Bitcoin BTC -4.38% The Trust continues to make profits, according to JPMorgan.GBTC converted to a spot Bitcoin ETF last week and has already seen over $1.5 billion in outflows. Last week, JPMorgan estimated that GBTC outflows could amount to up to $3 billion as speculative investors are likely to profit.“If the previous $3 billion estimate was accurate and $1.5 billion has already exited, there could be an additional $1.5 billion left to exit the Bitcoin space through profit-taking on GBTC, which could lead to Bitcoin volatility in…
AOFverse Secures $3 Million in Private Funding Round Led by Animoca Ventures – Chainwire housenewsroomAOFverse secures $3 million in private funding round led by Animoca Ventures We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the…
The discussion was about use cases, regulations, and jurisdictional differences. It’s general, but eloquently said. But at the end, as I was concluding, “Good, but nothing new,” an audience member asked the panel’s opinion on the “same activity, same risk, same regulation” regulatory approach.
Looking back to 2023, it is clear that the cryptocurrency industry is facing a variety of challenges and changes. One notable trend is the retreat of traditional financial services companies from the cryptocurrency space, commonly referred to as “tradfi.” This separation has raised questions about the long-term viability of cryptocurrencies as mainstream financial assets. Moreover, the expected partnerships between DeFi projects and traditional financial institutions did not materialize, indicating a disconnect between the two sectors. Members of the National Assembly also entered the fray, alternating between support and skepticism toward the industry. This regulatory uncertainty has created obstacles for cryptocurrency…
join us telegram A channel to stay up to date on breaking news coverage Beam’s price has surged 12% in the past 24 hours, trading at $0.0233 as of 4:45 AM EST, with trading volume surging 42% to $71 million. This is close to BEAM’s all-time high of $0.0265 on December 14th. One of the reasons for the price surge could be DappRadar’s current airdrop, which offers users free tokens to quickly join the thriving cryptocurrency community. Beam Price Prediction Once the BEAM token finally gained attention, its price suddenly began to surge, with the token increasing by 27% in…