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Celo may be inclined to consider the Polygon proposal as well as potentially other project teams that might float their own competing offers: “Frankly, would not be surprised to see other stacks chime in too,” a person close to the Celo ecosystem told CryptoX. Source
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State versus federal regulation was a key issue in the hearing on stablecoins in the United States House of Representatives on May 18. The House Committee on Financial Services’ new Subcommittee on Digital Assets, Financial Technology and Inclusion heard testimony from five experts as it considered two proposed bills to
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U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel. Original Source
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Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources. According to details published by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each
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Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row.Data from CoinShares’ latest Digital Asset Fund Flows report shows that investors last
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Regulation by enforcement, a fast and economical substitute for thorough rulemaking, is widely regarded as some of the U.S. executive agencies’ preeminent approach to crypto regulation. It could be summed up as letting crypto firms explore the boundaries of what is permissible by themselves and then punishing industry participants in
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Paolo Ardoino, the chief technology officer of Tether and Bitfinex, is confident that Tether will preserve its status as the most used stablecoin, despite the rapid growth of competitors such as USD Coin (USDC). “If you see the volumes of Tether compared to the rest of stablecoins, they are insanely higher.
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Fan token site Socios sued the Argentine Football Association (AFA) for unilaterally terminating a sponsorship contract with it and signing a similar one with crypto exchange Binance.Socios filed a complaint before an Argentinian national commercial court led by judge María José Gigy Traynor, who issued a prohibitory injunction ordering AFA
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Following El Salvador making bitcoin legal tender, privacy activist and whistleblower Edward Snowden says, “there is now pressure on competing nations to acquire bitcoin — even if only as a reserve asset.” He warned, “Latecomers may regret hesitating.” Edward Snowden Warns Countries That Hesitate Adopting Bitcoin May Regret Their Decisions Former computer
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