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United States lawmakers on the House Financial Services Committee have demanded answers from the heads of the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) regarding under what circumstances Prometheum obtained a special purpose broker-dealer license (SPBD).In separate letters dated Aug. 9, House committee chair Patrick McHenry
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The letters raise “serious questions” about whether the SEC championed Prometheum as a poster firm to represent Gensler’s position that no new laws are needed to regulate and police crypto in the U.S., just as McHenry’s committee was about to send digital assets legislation to the House floor. For its
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Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Fed has incorporated Dropp, a Hedera-based micropayments platform using DLT technology, into its recently launched FedNow service. FedNow connects financial institutions, businesses, and service providers to bolster digital payments infrastructure. Dropp is expected to facilitate low-fee
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United States-based cryptocurrency exchange Coinbase’s latest push advocating for crypto holders to “speak directly to lawmakers” featured a House of Representatives member who previously acknowledged 11 ethics violations.As of Aug. 15, more than 54,000 individuals had signed on to Coinbase’s "Stand with Crypto Alliance" in an effort to engage with
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied NvirWorld, a web3 solution project, has hired Jason Y., a former strategy manager at Binance, to enhance its market exposure and global competitiveness. Jason Y., who assumes the chief marketing officer (CMO) role, brings his experience as
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Binance Connect, which allowed merchants to accept payments in crypto, launched in March 2022 in an effort to help companies become “crypto-ready,” the exchange said back then. The service supported 50 cryptocurrencies and all major payment methods, including Visa and Mastercard. Source
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The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The
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The last point I’ll make is that when coming up with examples for non-financial uses, Armstrong did immediately go to decidedly financial examples: “Things like stablecoins for payments, DeFi, NFTs, these have already gotten substantial traction. But I think with Layer 2 solutions coming online, these can get much, much
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Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some
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