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Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

The Daily Hodl
Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether
Altcoins
Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether

A Circle executive told Congress this week that she hopes the U.S. Treasury Department considers taking action against Tether. Caroline Hill, senior director of global policy and regulatory strategy at Circle, testified before the House Subcommittee on Digital Assets, Financial Technology, and Inclusion on Thursday. Circle issues USDC, the second-largest stablecoin by market cap. Representative […]

The post Stablecoin Wars: Circle Executive Tells Congress That U.S. Treasury Department Should Probe Rival Company Tether appeared first on The Daily Hodl.

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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

Bitcoin.com
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
attack
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging FeesIn just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins

Bitcoin.com
Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins
Alternative Investment
Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More BitcoinsNine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return

Bitcoin.com
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of Return
Africa
P2P Bitcoin Exchange Paxful Suspends Marketplace With Uncertainty of ReturnAccording to a message from Paxful Founder and CEO, Ray Youssef, the peer-to-peer bitcoin trading platform is suspending its marketplace, and the company is uncertain if it will return. Youssef cited challenges such as regulations and some key staff departures, but he also noted that he could not share the full story at this time. […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

Bitcoin.com
Crystal Blockchain Study Reveals .7 Billion in Crypto Assets Stolen Since 2011
Analytics
Crystal Blockchain Study Reveals .7 Billion in Crypto Assets Stolen Since 2011Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge

Bitcoin.com
Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price Surge
Algorithm
Bitcoin Network Preps for Another Difficulty Spike as Hashrate Remains Strong and Miners Profit Amid Price SurgeFollowing the last two difficulty increases on the Bitcoin network, another rise in difficulty is expected to take place on March 24, 2023. Statistics show that Bitcoin’s hashrate has remained high despite the last two adjustments, and block times have been faster than the ten-minute average. Bitcoin Difficulty Expected to Rise Following the Past Two […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US

Bitcoin.com
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from US
anti-crypto message
Republican Congressman Tom Emmer Queries FDIC on Alleged Efforts to Purge Crypto Activity from USOn Wednesday, Tom Emmer, the U.S. Republican congressman from Minnesota, revealed he sent a letter to Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation (FDIC), regarding reports that the FDIC is “weaponizing recent instability” in the U.S. banking industry to “purge legal crypto activity” from the United States. Specifically, Emmer asked Gruenberg if […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue

Bitcoin.com
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
billionaire
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment IssueNobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems. Krugman’s Experience Highlights the Growing Interest in Censorship-Resistant Payment Systems Nobel Prize […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

Bitcoin.com
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
bitcoin.com
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market ValuationsIt has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner

Bitcoin.com
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From Partner
Advcash wallet
Bybit Halts US Dollar Deposits via Bank Transfer Due to Service ‘Outages’ From PartnerOn March 4, 2023, cryptocurrency exchange Bybit announced that it had suspended U.S. dollar deposits via bank transfer. Bybit cited “outages” from its partner as the reason for the suspension of USD deposits via bank transfers and the SWIFT network. Bybit Suspends USD Deposits, Wire Transfer Withdrawals Open Until March 10 The cryptocurrency exchange Bybit, […]
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DeFi’s total value locked falls billion in April

DeFi’s total value locked falls $10 billion in April

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