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Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmaker accuses FDIC of using banking instability to attack crypto

The collapse of Signature Bank, Silicon Valley Bank and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to “choke off digital assets”?...

Bitcoin News / Bitcoin.com - 2 years ago

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC colla...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MakerDAO files emergency proposal addressing 3.1B USDC exposure

“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO. According to a forum post from MakerDAO, the issue...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

DAO Maker founder builds game based on abandoned Logan Paul project in just 30 days

“Degen Zoo” has seen more than 115,000 wallets register to join the game, pledging over $700 million. Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controve...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Lawmakers should check the SEC’s wartime consigliere with legislation

Securities and Exchange Commission Chair Gary Gensler has a lot in common with The Godfather’s Michael Corleone, according to the Cato Institute’s Jack Solowey and Jennifer Schulp....

Bitcoin News / Bitcoinist - 2 years ago

Crypto Miners To Report Emissions Once Bill Pushed Back By US Lawmakers Gets Approved

Crypto miners are now in the crosshairs of US legislators. A crypto mining bill that pushes for transparency on gas emissions data is being pushed back in Congress, courtesy of U.S. Sen. Edward Markey and Rep. Jared Huffman. The bill is being reintro...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

U.S. lawmakers argue SEC accounting policy places crypto customers at risk

While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators. Two...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers

A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults....

Bitcoin News / Bitcoinist - 2 years ago

US Lawmaker Proposes Bill To Prevent Bitcoin From Being ‘Money’

Dennis Porter, CEO and co-founder of Satoshi Act Fund, shared a shocking breaking news via Twitter today that can be understood as a massive attack on Bitcoin in the United States of America. Porter wrote that the state of South Dakota is trying to p...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

War had no impact on Ukraine’s regulatory approach to crypto, Kyiv lawmaker says

The adoption of crypto law in Ukraine has been slowed mainly due to the need to adapt it to tax and civil codes, an official told Cointelegraph in an exclusive interview....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Car makers, fashion giants and pet food brands seek Web3 trademarks as 2023 rolls on

The first two months of 2023 haven't seen a slowdown in trademark filings, with recent filings covering automotive, clothing and fast-moving consumer goods. Despite a...

Cryptocoins News / CoinJournal - 2 years ago

Maker price prediction: MKR turns bullish after massive whale activity

Maker (MKR) price is up 5% in the past 24 hours as cryptocurrencies rebound on Monday. Whales recently bought huge chunks of MKR, a signal for potential price bounce. Bulls could target $1000 if they hold $800 and then break & resistance at $892...

Bitcoin News / Bitcoin.com - 2 years ago

Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners

The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for...

Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker Launches CBDC Anti-Surveillance State Act to Protect Americans’ Right to Financial Privacy

U.S. Congressman Tom Emmer has introduced the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act “to halt efforts of unelected bureaucrats” from “stripping Americans of their right to financial privacy.” The bill...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmaker introduces bill aimed at limiting Fed's authority on digital dollar

If passed, the legislation could prohibit the Fed from issuing a digital dollar “directly to anyone,” as well as bar the bank from implementing monetary policy based on a CBDC....