Senator Elizabeth Warren criticized the push for a stablecoin bill without anti-money laundering laws in place, citing national security concerns, a Monday letter to House Financial Service Committee Chairman Patrick McHenry (R-NC) and Ranking Member Maxine Waters (D-CA) reveale. Stablecoin Bill Could Increase Risks, Warren Warns Throughout the recently published letter, Warren argued that creating...
The cloud divisions of Coinbase and Google became node operators for EigenLayer alongside other industry players on April 9, shortly after the network’s mainnet went live. EigenLayer’s Network Expands with New Node Operators Coinbase Cloud disclosed in a short thread post on X that they are “proud to be among the protocol’s first operators,” as...
The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy...
South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows. Per Hankyoreh, on April 5, the Seoul Rehabilitation Court released a report on debt-related cases for the Financial Year 2023. The report’s authors noted that there had been a 31% rise in “personal...
The sovereign interoperability layer Union Labs has partnered with Lava to initiate an incentive Remote Procedure Call (RPC) campaign. According to a press release shared with Cryptonews.com, the incentivized public RPC campaign, also known as ipRPC, will offer a rewards pool worth $100,000 in token value. The partnership will establish Lava as the modular RPC...
(This article has been updated with quotes form Tezos Foundation) Decentralized exchange aggregator 1inch has unveiled a crypto debit card, which will enable crypto users for online and in-person purchases. The card is powered by payments giant Mastercard and developed in partnership with Baanx. Per the announcement on Monday, the 1inch Crypto Card will allow...
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on allowing options trading for Bitcoin exchange-traded funds (ETFs) offered by Grayscale and Bitwise. According to the SEC’s latest filing on April 8, the Commission has decided to allocate a longer period to review Grayscale’s and Bitwise’s applications to list the trading of their...
India now has a thriving Web3 ecosystem with over 1,000 startups in the space, a report published by Hashed Emergent on Tuesday showed. Bengaluru, renowned as the technology capital, has positioned itself as the central industrial hub in the country. These Web3 startups have collectively secured funding over $2.5b, reflecting their burgeoning growth and attractive...
Billionaire Arthur Hayes has expressed a cautious view regarding the upcoming Bitcoin halving and the effects it will have on the price of the asset. While many experts anticipate a significant rally for Bitcoin following the halving event, Hayes believes that the price action before and after the event could actually be negative. In a blog...
Solana developers have set their sights on April 15 as the implementation date for a fix to address the bug issue that recently led to a surge in transaction failures on the Solana network. The network experienced significant disruption, with over 75% of non-vote transactions failing. Per the team, an “implementation bug” in Solana’s use...