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USD Coin (USDC) issuer Circle exposure to the United States banking system sits near to $9 billion, according to its latest audit report from January. Circle's reserves are held in a number of regulated financial institutions in the country, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY)
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The unemployment rate fell/rose/held steady to 3.X% .... Source
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Regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators have been staunchly opposed to the proposed deal. Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US may be violating federal securities laws by operating an unregistered securities exchange in the
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“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy prices for those that share an electricity grid with digital asset miners,” according to the document. “Digital asset mining also creates uncertainty
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One of the top Republican lawmakers, Rep. Tom Emmer (R-Minn.), is campaigning to stop what he argues is the intent of President Joe Biden’s administration to set up a digital dollar that could be deployed to collect information about citizens’ financial lives. Source
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PeckShield published its findings on Twitter early Wednesday morning, and investors were quick to notice. In the hours after the report's release, investors expressed their fears that authorities would sell the recovered bitcoin on the open market, potentially tanking the price of bitcoin, which has recovered from its two-year low
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These verifications of assets take a simple snapshot and “do not address the crypto entity’s liabilities, the rights and obligations of the digital asset holders, or whether the assets have been borrowed by the crypto entity to make it appear they have sufficient collateral,” according to the PCAOB. And such
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"Futures derive their pricing from the underlying spot markets, given that they are derivatives of spot bitcoin," Salm said on CryptoX TV’s “First Mover” on Wednesday. "If we're going to have bitcoin futures trading being approved by the SEC, how can we not also have spot bitcoin ETFs be approved
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The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds. Source
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The Keep Innovation in America Act was first introduced in March 2021. Source
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