New York senator introduces bill to create a crypto task force

Investing in cryptocurrencies will always receive some skepticism from officials who started in traditional markets. Today in London, Andrew Bailey expressed this sentiment, arguing anyone putting money into Bitcoin should be prepared to lose the shirt off their back.Bailey gave his thoughts on the cryptocurrency to members of the U.K. Parliament at a Treasury Select…

Cryptocurrency exchange Bitfinex has temporarily shut down its services, according to a tweet published on May 31.The tweet specifically says that the change has temporarily paused deposits and withdrawals “due to the outrage of one of [their] network providers.” “Funds are safe in cold storage. Situation should be restored ASAP (ETA 3/4h). Apologies for the…

The Swedish prosecutor had argued in court that the man should be stripped of his illicitly earned Bitcoin at the equivalent value in fiat currency at the time of his conviction. 2628 Total views 13 Total shares The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of…

China’s Digital Currency Electronic Payment system is at the forefront of news around central bank digital currencies, or CBDCs. As China will be the first nation to launch a CBDC, the changes a digital yuan promises for global economics and the role this plan plays in pushing for a “currency war” keeps its project in…

Damian Collins, a senior official at the British Parliament and known critic of Facebook, wants to probe the firm’s crypto project Libra.Damian Collins says Libra is going to be open to massive fraud Collins, chairman of the British Parliament’s Digital, Culture, Media and Sport Committee, who led an 18-month investigation into the company following the Cambridge…

Coinbase CEO Brian Armstrong said decentralization and open-sourcing AI is a better alternative to regulating the space. 207 Total views 6 Total shares Brian Armstrong, the CEO of crypto exchange Coinbase, expressed his stance on artificial intelligence (AI) regulation in a recent post on the social media platform X (formerly Twitter). On Sept. 23, Armstrong explained

The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system. 218 Total views 3 Total shares Own this piece of history Collect this article as an NFTThe United States Federal Reserve is set to create a “specialized team of experts”…

Anchor Protocol (ANC) returned to its bullish form this May after plunging by over 70% in the previous two months. Pullback risks aheadANC's price rebounded by a little over 42.50% between May 1 and May 6, reaching $2.26, its highest level in three weeks. Nonetheless, the token experienced a selloff on May 6 and May 7 after…

The optimistic rollup network enjoyed had a popular, if rocky, beta launch. 1982 Total views 7 Total shares In a landscape of so-called scaling solutions primarily composed of sidechains and EMV-enabled competitors, one widely anticipated “rollup” layer 2 sidechain for Ethereum has finally arrived. Offchain Labs announced the launch of Abritrum One with a blog post…