Fed’s dovish move will slash $625M in interest income for stablecoins

The President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31.The Chamber of Deputies of Brazil is a federal legislative body and the lower house of the National Congress of Brazil, and consists of representatives of the states…

Programmer and crypto enthusiast John McAfee revealed his intention to use his 2020 bid for U.S. presidency as a platform to promote permissionless cryptocurrencies in an interview with Cointelegraph Nov. 1.Speaking with Cointelegraph at the Malta Blockchain Summit today, the founder of McAfee Antivirus Software said he plans to run “around a libertarian platform,” and…

Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities.According to local news outlet wPolityce’s report published on Oct. 24, he is suspected of money laundering and being involved in an international drug cartel.Laundering drug cartels’ moneyPer the article,…

A millionaire by age 18, early Bitcoin (BTC) investor Erik Finman said the environment around Bitcoin has significantly changed since 2011 — and not for the better. “It just ain’t what it used to be,” Finman told Cointelegraph in a message on Jan. 26, 2020.Recounting the early days, Finman explained:“Bitcoin, when it first came out, was…

Crypto insurance underwriter Evertas will increase coverage limits to $420 million per policy while adding additional mining coverage. 268 Total views 2 Total shares Evertas, an insurance company focused on digital assets, recently announced an increase in coverage limits and the addition of mining operations to its coverage portfolio.The insurer’s per-policy coverage limits on custodial…

The daily Bitcoin (BTC) transaction volume has been recently increasing to the levels not seen since January 2018, after BTC hit the $20,000 price mark, according to data from transactionfee.info. Some industry players believe that it is a sign of the evolution of the cryptocurrency’s ecosystem and fundamentals.Bitcoin transactions per day. Source: transactionfee.infoJameson Lopp, chief…

The NPCC's Andy Gould said that the U.K. police had the capability to address illicit uses of crypto, but still faced challenges including incentives to join the private sector. 382 Total views 5 Total shares The detective chief superintendent for the United Kingdom’s National Police Chiefs’ Council has said all police forces in the country…

In an era in which catching a flight is easier than renting a car, and an estimated 40 million flights will occur this year alone, it is understandable that competition is fierce, and even the smallest advantage may be the difference between leading the industry and being forced into an unwanted merger.Last year, Cointelegraph discussed…