Major memecoins are down 63% on average despite market frenzy

The House Committee on Financial Services heard from several chief executive officers at major crypto firms in the United States, some of whom seemed to present a united front in urging lawmakers to provide a clear regulatory framework for crypto.Speaking at a Wednesday hearing on Digital Assets and the Future of Finance: Understanding the Challenges…

On Nov.4 Stellar Lumens announced the completion of a 50% token burn of their total supply. This led to the destruction of 55 billion (XLM) tokens and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem.Crypto market data daily view. Source: Coin360The price of XLM surged…

The Bank of Russia, the country’s central bank, has reportedly started testing stablecoins pegged to real assets in a regulatory sandbox.Elvira Nabiullina, Russia’s central bank head, said that the bank doesn’t assume that those stablecoins will function as a means of payment or become a substitute for money, Russian news service Interfax reported on Dec.…

The deal will see Emtech’s CBDC solutions and its regulatory and compliance sandboxes integrated into Accenture’s offerings.

Google released an update for its popular authenticator app that stores a “one-time code” in cloud storage, allowing users who have lost the device with their authenticator on it to retain access to their two-factor authentication (2FA). In an April 24 blog post announcing the update, Google said the one-time codes will be stored in a…

Africa must erase the poverty in general and help people into the middle class in order to drive faster blockchain technology incorporation. 60 Total views 2 Total shares There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders

Current limp Bitcoin price performance is not fooling analysts, as Advanced NVT Signal joins those predicting a dramatic BTC renaissance. 774 Total views 11 Total shares Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says.In a tweet on Nov. 24, Philip Swift, creator…

Binance.US — the United States-focused wing of major cryptocurrency exchange Binance — announced that its customer's dollar deposits are eligible for Federal Deposit Insurance Corporation (FDIC) insurance coverage.FDIC insures deposits up to $250,000In a blog post on Oct. 18, Binance.US announced that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different…

In the midst of a country-wide COVID-19 vaccination effort, Brazil looks to add blockchain-based tracking to the equation. A recent YouTube webinar from the Ministry of Justice and Public Security hosted discussion on blockchain's usefulness in several categories, including the fight against corruption. Blockchain's impact on COVID-19 tracing also surfaced during the discussion. A report from Reuters…