Fed chair calls for Congress to move on crypto ’regulatory apparatus’
Jerome Powell said that banks were “perfectly able to serve crypto customers“ and suggested that lawmakers should act to address the potential risks to households.
Related Posts


Rapper Akon Shares Whitepaper for Upcoming Cryptocurrency
Rapper and entrepreneur, Akon, shared the whitepaper for his upcoming ‘Akoin’ cryptocurrency project exclusively with Cointelegraph.The document describes Akoin as a cryptocurrency “designed for entrepreneurs in the rising economies of Africa and beyond,” adding that the project’s mission is to “unlock the potential of the world’s largest growing workforce” using blockchain technology.Mobile credit trading in…

Binance Adds New Bitcoin Futures as Crypto Market Volume Turns Bearish
A cautious mood in the Bitcoin futures markets contrasts with Binance’s optimistic launch of quarterly contracts. 1269 Total views 13 Total shares Cryptocurrency exchange Binance has launched a new Bitcoin (BTC) futures product despite institutional investors showing fresh uncertainty about the future.In a blog post on June 11, Binance revealed its quarterly futures contracts had…

Celsius countersues KeyFi, claims deceit and incompetence led to tens of millions in losses
Crypto lender Celsius has gone on the offensive against former staking and DeFi strategy associate KeyFi and its CEO, which had sued it a week before it went bankrupt. 159 Total views 35 Total shares Bankrupt crypto lending company Celsius countersued decentralized finance (DeFi) protocol KeyFi and its CEO Jason Stone on Tuesday in the…

Portal introduces ‘PortalPay’ interoperability for blockchain gaming
Portal aims to become the “Stripe of crypto” by lowering common barriers to entry for players eyeing blockchain video games.

Crypto stocks see big gains alongside US stock market rebound
Crypto stocks have surged as part of a broader recovery in the US stock market on April 9 following President Donald Trump’s 90-day pause on sweeping global tariffs. The Wednesday, April 9 trading day closed with Michael Saylor’s Strategy up 24.76% to $296.86, while crypto exchange Coinbase (COIN) closed up 17% to $177.09, according to

Swiss Data Protection Regulator Seeks Details on Facebook’s Libra
The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23.The Federal Data Protection and Information Commissioner (FDPIC) — the competent authority for data processing by federal bodies and individuals in Switzerland — sent a letter…

IBM Watson team leader raises $60M for AI startup Elemental Cognition
The company provides two enterprise chatbot solutions, Cogent and Cora, which are tailored for diverse applications. 271 Total views 12 Total shares David Ferrucci, the artificial intelligence (AI) researcher who led the team behind IBM Watson’s development — the question-answering supercomputer developed by IBM — has raised nearly $60 million for his Elemental Cognition AI startup.According…

South Korean authorities raid Upbit, Bithumb crypto exchanges after political scandal
The raids came as a local lawmaker stepped down from politics amid accusations of allegedly selling millions in cryptocurrency before new laws were enforced. 108 Total views 1 Total shares Prosecutors in South Korea raided the offices of two local cryptocurrency exchanges due to investigations surrounding the digital assets of lawmaker Kim Nam-kuk.According to a…