Exclusive: Mike Flood is shaking up Congress over cryptocurrency

Chainlink Labs’ Vince Turcotte told Cointelegraph that they expect digitally-native institutions to be the first to adopt the integration.

JPMorgan CEO Jamie Dimon returned to his more critical comments about Bitcoin, calling the cryptocurrency a “scam” and saying he had “no interest” in it, Bloomberg reported Sunday, August 5. Dimon was speaking at the Aspen Institute’s 25th Annual Summer Celebration Gala on Saturday, including cryptocurrency as part of general comments he made about the…

Biden's administration may not have the same "hands-off" approach to crypto regulation, contends Bloomberg. 1337 Total views 13 Total shares The latest Bloomberg crypto newsletter contends that the election of Joe Biden would bring greater mainstream adoption of Bitcoin (BTC), including a potential ETF approval. Further, it referred to the Trump administration’s policies with regard…

Buterin has advocated preserving Ethereum consensus minimalism and not overloading validators with other things. 388 Total views 1 Total shares Ethereum co-founder Vitalik Buterin has published a lengthy blog post warning of the dangers of “stretching” Ethereum's consensus past its core functions of validating blocks and securing the network. Ethereum consensus is the process whereby blocks…

High demand for UST has led to a pool imbalance on Curve Finance, requiring intervention. 957 Total views 6 Total shares On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), which develops the blockchain ecosystem consisting of Terra Luna (LUNA) and the TerraUSD stablecoin (UST), announced that TFL had donated 12 million LUNA…

25-year-old Mexican YouTuber Germán Abraham Loera Acosta has been sentenced to 50 years in prison for masterminding a woman’s kidnapping in February 2018 in Chihuahua, Mexico.Acosta is one of six men convicted for the kidnapping. The group demanded $100,000 in Bitcoin (BTC) in exchange for the release of 33-year-old lawyer Tania Denisse.Jassiel Omar Molina Ceballos,…

Ever since the publication of Satoshi Nakamoto’s white paper back in November 2008, “Bitcoin: A Peer-to-Peer Electronic Cash System,” the term “blockchain” has been synonymous with digital currencies in the sense of the underlying technology that allows for the transfer of value, peer-to-peer. What’s interesting is that the term “blockchain” is not used once in that…

Gary Davis was sentenced to 6.5 years in prison for helping manage the now-defunct darknet marketplace Silk Road.The 31-year-old Irish man, who was extradited to the United States, had served as Silk Road forum moderator between May and June 2013 before working as a site administrator between June 2013 and Oct. 2, 2013, according to…

Stablecoin runs could occur if users lose confidence in the issuer or its network. The European Central Bank has warned the global community about the risks of so-called “stablecoin runs.”Analogous to the term “bank runs” in the traditional financial system, stablecoin runs could occur if end users lose confidence in the issuer or its network,…