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Weekly overview

Rep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

The ranking member of the House Financial Services Committee praised the bipartisanship behind the coming bill, but says there are “complex conversations” ahead. Patrick McHenry, ranking member of the United…

Continue ReadingRep. McHenry gives progress report on stablecoin legislation, says it’s an ‘ugly baby’

Cosmos co-founder says a major security vulnerability has been uncovered on IBC

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

A public patch fixing the exploit is scheduled to be released tomorrow. On Oct. 13, Ethan Buchman, co-founder of interblockchain communication (IBC) ecosystem Cosmos, said that a “critical security vulnerability”…

Continue ReadingCosmos co-founder says a major security vulnerability has been uncovered on IBC

This is what your email could look like in Web3

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

The first generation of blockchain-based messaging platforms are attempting to address the missing pieces of Web3 adoption. Forget about tracking decentralized autonomous organization votes, decentralized finance transactions, or data breaches…

Continue ReadingThis is what your email could look like in Web3

US lawmaker says crypto regulation from SEC is ‘needed now’

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Senator Hickenlooper requested the SEC engage with the public by opening a “notice-and-comment period” to develop rules and regulations applicable to crypto. John Hickenlooper, a United States Senator representing Colorado,…

Continue ReadingUS lawmaker says crypto regulation from SEC is ‘needed now’

Tether reduces commercial paper exposure to zero, replaces investments with T-Bills

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

The USDT issuer has faced criticisms for its exposure to commercial paper and, specifically, its alleged holdings of Chinese commercial paper. Stablecoin issuer Tether Holdings Limited has unwound its exposure…

Continue ReadingTether reduces commercial paper exposure to zero, replaces investments with T-Bills

Why is the crypto market down today?

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

Crypto prices are falling, and it seems like there’s no bottom in sight — here are three reasons why the cryptocurrency market is down. Crypto prices are falling again on…

Continue ReadingWhy is the crypto market down today?

Bitcoin traders were ready for a hot CPI report, but BTC bears are still in control

  • Post author:admin
  • Post published:October 14, 2022
  • Post category:Weekly overview

BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs. Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer…

Continue ReadingBitcoin traders were ready for a hot CPI report, but BTC bears are still in control
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