Utah’s Bitcoin reserve bill heads to second Senate reading

The word “stablecoin” may have a pleasant ring to it — isn’t it nice to have something stable in the volatile cryptoverse? — but for critics, they are nothing short of a ticking time bomb. Whether that’s true or not, the push for regulating stablecoins is gaining momentum. The United States and the European Union…

As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May.The major move downhill in the world's second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADFVN.com, sees the recent ETH/USD…

Nobuaki Kobayashi said distribution of the Mt. Gox assets likely wouldn’t begin for at least a month, once the rehabilitation plan became "final and binding." 2516 Total views 29 Total shares Creditors from the now-defunct crypto exchange Mt. Gox have overwhelmingly approved a rehabilitation plan to compensate them for billions in lost Bitcoin.According to a…

French Finance Minister Bruno Le Maire has said that Europe should consider its own “public digital currency” that could challenge Facebook’s Libra.The Minister’s remarks — the latest in a series of vocal misgivings about the social media giant’s cryptocurrency plans — were reported by Reuters on Sept. 13. “EuroCoin”?  vs. the tech titanAt a meeting of…

The Brazilian Securities Commission (CVM) has banned a forex broker offering Bitcoin (BTC) options, Cointelegraph Brasil reported on Sept. 25.On Sept. 25, CVM published a public warning of irregular action concerning XM Global Limited through the Superintendent of Market and Intermediary (SMI) Relations. In its warning, the CVM states that XM Global Limited is not…

Total crypto payments on BitPay remained stable despite the bear market, with monthly transactions surging from around 58,000 in 2021 to 67,000 in 2022. 524 Total views 26 Total shares The cryptocurrency bear market has had an impact on how people pay with crypto, but Bitcoin (BTC) remains a major payment tool despite huge volatility,…

Litecoin’s MWEB upgrade that makes transactions confidential comes at a time when the majority of the crypto exchanges are implementing strict KYC and AML guidelines. 102 Total views 5 Total shares Crypto exchange Binance announced they are ending support for Litecoin (LTC) transactions sent through the latest MimbleWimble (MWEB) upgrade.Binance warned that any transaction sent through…

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds. In an interim report released on Nov. 19, examiner Shoba Pillay made a number of stark observations in her court-appointed investigation into the bankrupt cryptocurrency lending platform.…

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