Senator Lummis' Bitcoin reserve proposal faces uphill battle

The Wikimedia Foundation is facing pressure from users over its acceptance of cryptocurrency donations. Back in 2019, the Wikimedia Foundation started accepting crypto donations through Bitpay, but three years later, the nonprofit organization behind Wikipedia is facing pressure from contributors to disable the option over environmental concerns.A proposal submitted by Molly White (GorillaWarfare) urges the…

According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient. 1011 Total views 4 Total shares The rumors about the possible liquidity crisis for the world’s third-largest crypto exchange turned out to be true. Just…

Facebook is seeking a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) for its planned stablecoin project, Reuters reported on Sept. 11. “Regulated, low-friction, high-security” blockchain paymentsIn an official statement today, the Switzerland-registered Libra Association — a not-for-profit membership organization established to govern the Libra network — explained its choice to coordinate a regulatory…

The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However, its impact won't affect everyday citizens — who will still use crypto for cross-border transactions.Reflecting on the recent fall of FTX, Thiago César, the CEO of fiat on-ramp provider Transfero Group said that the exchange’s fall, like…

A Supreme Court judge in British Columbia (BC), Canada, has denied a motion to set aside an asset freeze, which was requested by the defendants in a multimillion dollar cryptocurrency fraud case.The defendants had filed to set aside an interim preservation order that was issued by the British Columbia Civil Forfeiture Office in order to…

The crypto lending provider BlockFi reported on May 19 to have suffered a data breach that may put some of its clients in physical danger.According to its incident report, some of the company’s client data was breached through a SIM swap attack performed on one of its employees.The attackers successfully stole the email account and…

Bitcoin (BTC), Ether (ETH) and the crypto market had a rough 2022 from a price perspective, but traders are hopeful that 2023 will include bullish developments that push crypto prices higher. Despite the market-wide downturn, a handful of altcoins continued to make a positive contribution to the crypto space and thanks to Ethereum, the term altcoin…

Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20.By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is…

Franklin Templeton has expanded its pioneering blockchain-integrated money market fund to Avalanche, broadening institutional investor access to digital finance.