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Brian Brooks, the Acting Comptroller of the Currency and former head of Coinbase’s legal department, put forward blockchain as better than the United States’ current bank-dependent payments system.Decentralization for future paymentsOn July 29, Brooks spoke with Aaron Klein of the Brookings Institution, a major U.S. think tank. In answer to
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The OCC will allow banks to custody crypto, Visa has a digital currency playbook and a digital dollar is essential to America’s economic edge, said experts at a U.S. Senate hearing. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.
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The latest venture from CNET founder Halsey Minor looks a lot like an attempt to recreate the legacy monetary system on a blockchain. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX
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Tether has long been used as a flight to stability when Bitcoin crashes. The influx of capital reentering the cryptocurrency market also helps to drive up valuations during bull runs.With over $9 million sidelined and climbing, could all of this capital be waiting to enter Bitcoin at the first sign
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Australia’s stock exchange may delay its blockchain overhaul, thought leaders are meeting in Washington, D.C., to discuss the digitization of money and Ethereum devs have a proposal to pump the breaks on high gas fees. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain
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The not-for-profit organization Algorand Foundation has cut a deal with Circle to bring fiat-backed stablecoin capability to Algorand. The stablecoin, called USD
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‘Elon Musk’ bitcoin giveaways continue to scam people on Youtube. Scammers have reportedly pulled in millions of dollars in bitcoin from people wanting to double their cryptocurrency. Some of them use bitcoin addresses containing the name Elon Musk, Spacex, or Telsa. Before sending money to a bitcoin address, check
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Robust and effective compliance programs for virtual asset exchanges such as Bitcoin of America, which owns and operates a crypto exchange platform as well as a nationwide network of bitcoin ATM locations, isn’t simply a matter of operating a system for CIP, KYC, and AML procedures.An interview with Bitcoin
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The Washington Examiner published an excerpt of John Bolton’s new book detailing a dramatic scene in which President Trump told Treasury Secretary Mnuchin to go after bitcoin before tackling trade with China. This news follows a report from the Drug Enforcement Administration (DEA) showing how the agency failed to properly
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Top shelfDigital DollarsOn Thursday the House Financial Services Committee (FSC) Task Force on Financial Technology convened on Capitol Hill to discuss the possible role of a digital dollar is distributing COVID-19 relief payments. The watchdogs discussed FedAccounts, or cryptographic wallets held by the Federal Reserve, for commercial banking services. The National
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