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“# McDonald’s jumps on Bitcoin memewagon, Crypto Twitter responds ” Prominent crypto entrepreneurs and supporters, who shared memes on Twitter about doing odd jobs amid an ongoing market crash, were joined by global fast-food giant McDonald’s — the brand infamously linked with temporary Bitcoin (BTC) market crashes. BTC price saw a steady downfall ever since…
“# Fitch Ratings warns of risks crypto miners pose to US power supply ” Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power. In a Monday notice, Fitch Ratings said that only utilities in states like Washington,…
“# House members call for an end to lawmakers trading stocks — is crypto next? ” Congresspeople currently HODLing or actively trading in crypto may have to stop doing so while in office if recent pushes to ban lawmakers from investing in stocks gain enough support. In a Monday letter addressed to Speaker Nancy Pelosi…
“# Law Decoded: When central banks seek public discussion, Jan. 17–24 ” Last week, two central banks dropped public reports that can have a sizable impact on the crypto landscape in their respective countries and beyond. The U.S. Federal Reserve published a discussion paper entitled “Money and Payments: The U.S. Dollar in the Age of…
“# Blockchain-enabled digital fashion creates new business models for brands ” Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry. While blockchain-based supply…
“# How should DeFi be regulated? A European approach to decentralization ” Decentralized finance, known as DeFi, is a new use of blockchain technology that is growing rapidly, with over $237 billion in value locked up in DeFi projects as of January 2022. Regulators are aware of this phenomenon and are beginning to act to…
“# Does a Fed digital dollar leave any room for crypto stablecoins? ” During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that…
“# Fed issues discussion paper on benefits and risks of a digital dollar ” The U.S. Federal Reserve is opening comments to the public after releasing a discussion paper on the pros and cons of a potential central bank digital currency. In a publication released Thursday titled “Money and Payments: The U.S. Dollar in the…
“# Former Binance US CEO Catherine Coley is still missing, and no one seems to be talking ” Around the time Binance.US announced former Comptroller of the Currency Brian Brooks would be leading the crypto exchange, former CEO Catherine Coley effectively dropped off the face of the digital world. Coley, who had regularly posted updates…
“# SEC rejects Skybridge’s application for spot Bitcoin ETF ” The United States Securities and Exchange Commission, or SEC, has officially disapproved the application for First Trust SkyBridge’s spot Bitcoin exchange-traded fund after several deferments. In a Thursday filing, the SEC rejected a proposed rule change from the New York Stock Exchange, or NYSE, Arca…