Norway supports MiCA, considers CBDC for financial stability

Layer1 Technologies has deployed its proprietary mining containers as electricity storage systems to stabilize Texas’ electricity market. 1125 Total views 31 Total shares U.S.-based Bitcoin (BTC) mining datacenter operator Layer1 Technologies has deployed its mining containers as “Bitcoin Batteries” comprising large-scale energy storage systems.Layer1 asserts that its bitcoin batteries will help stabilize Texas’ seasonally volatile…

Three Representatives are calling on the Secretary of Commerce to study blockchain for consumer protection. A trio of United States House Representatives — two Democrats and a Republican — have officially introduced a new bill to spur more in-depth analysis of blockchain technology in Congress.On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY)…

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The high court’s decision further bolsters the argument “that Congress, not an agency, should decide if — and how — to regulate Web3.”

Randall Quarles, chair of the Financial Stability Board (FSB), has claimed that the potential scale of stablecoins such as Facebook’s Libra could present future “regulatory challenges.” Quarles voiced his opinion during a presentation at the European Banking Summit in Belgium on Oct. 3.FSB leads G20’s work on stablecoins going forwardQuarles specifically highlighted yet unreleased Libra stablecoin…

A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed. 256 Total views 11 Total shares Terraform Labs, the company behind the development of the Terra (LUNA) blockchain said South Korea’s case against its co-founder Do Kwon has…

The company said it planned to use the funds for expanding its existing product and service line in addition to exploring strategic acquisitions. 203 Total views 3 Total shares Cryptocurrency individual retirement account and 401(k) provider iTrustCapital said it had raised $125 million in a growth equity investment, making its valuation reach $1.3 billion.In a…

The Metropolitan Bank Holding Corp, the holding company for Metropolitan Commercial Bank, says it’s completely exiting its crypto-asset-related vertical. 407 Total views 3 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe last year proved to be another turbulent year for the crypto industry. From a lasting market downturn and exploits in…

Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.”Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC.Back: Adoption trend lays path to "hyperbitcoinization"It was a long time coming…