Bitcoin | Ethereum | Altcoin

2022-04-09 18:39:02 Bolt Pays $1.5B for Crypto Startup Wyre in Biggest Crypto Acquisition to Date - Decrypt

The Journal also cited research that makes the deal the largest crypto acquisition to date, excluding those conducted by means of a SPAC. Kuruvilla predicted that integrating crypto payments will be popular with merchants since, according to Bolt, crypto shoppers spend twice as much as those using credit cards, and because the opportunity to pay with crypto attracts new customers.

"We are going to make crypto one click and make it super easy for merchants to support crypto out of the box," Bolt CEO Maju Kuruvilla told Decrypt, adding that current crypto check-out experiences are "High friction."

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2022-04-09 10:52:02 Tether Plunges By More Than $500 Billion in Yearly Volume

Tether (USDT) experienced a slight increase in real trading volume during the month of March, but plummeted by more than $500 billion since 2021.

Indeed, March proved to be a difficult month for the crypto community, leaving stablecoins more vulnerable than ever. Based on Be[In]Crypto research, stablecoins continued to trade below some of the highs it experienced last year.As USDT remains to be the largest stablecoin by market cap, up by at least 1% since February of this year.

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2022-04-08 19:56:02 Toomey drafts bill to exempt stablecoins from securities regulations

The Stablecoin TRUST Act proposed that the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations. Republican Senator Pat Toomey, the ranking member for the Senate Banking Committee, has drafted a bill proposing a regulatory framework for stablecoins in the United States.

According to a draft released Wednesday, the Stablecoin Transparency of Reserves and Uniform Safe Transactions Act, abbreviated as the Stablecoin TRUST Act, proposed that the digital assets be identified as “payment stablecoins” — a convertible virtual currency used as a medium of exchange that can be redeemed for fiat by the issuer.

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2022-04-08 17:00:42 How would you like to be part of the Middle East’s most exclusive Private Club?

Hala Club is a limited supply NFT project that provides holders with the opportunity of attending exclusive worldwide events, early access to NFTs, as well as a chance to win a Lamborghini Urus, a Tesla Model S, and a number of luxury watches.

Hala NFTs are dropping soon!

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2022-04-08 07:56:02 Cosmos-Based Juno Blockchain Pushed Offline in Apparent Attack

Cosmos-based blockchain Juno went offline on Tuesday as the result of a suspected attack on the network.According to the developer who spoke with CoinDesk, the attacker exploited a blockchain vulnerability that Juno planned to address via an update scheduled for a few hours after the attack.

According to Daniel Hwang, head of protocols at Stakefish, which runs a validator for Juno, members of the Juno community are trying to figure out who would have been motivated to execute the attack for no obvious financial gain.

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2022-04-07 21:48:33 Leading CryptoNews Channel
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2022-04-07 15:36:02 Crypto Mining Company Welcomes SEC Environmental Reporting Proposal

The US Securities and Exchange Commission’s recent proposal that publicly traded companies should disclose greenhouse gas emissions and climate-related risks that would impact business has environmentalists and politicians torn, but one cryptocurrency mining company is welcoming it with open arms.

“Looking at this [rule proposal,] I think we are already doing most of this,” said Gregory Beard, co-chairman and CEO of Stronghold, a crypto mining company that uses energy from coal waste to mine bitcoin. “The risk section of our filings includes climate-related risks.”The proposed rule changes would require publicly traded businesses to disclose information about how climate-related risks have had or are likely to have a material impact on their business.

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2022-04-07 12:17:02 New Bill Takes Aim at El Salvador’s 'Careless Gamble' on Bitcoin

The U.S. is pressing on with legislation aimed at protecting its financial system from El Salvador’s Bitcoin Law. On Monday, lawmakers introduced a new bill asking the State Department to mitigate the risks of El Salvador’s adoption of Bitcoin.

This new bill, the Accountability for Cryptocurrency in El Salvador Act, will accompany the Accountability for Cryptocurrency in El Salvador (ACES) Act, which was introduced in the U.S. Senate in February and passed committee last month.Yesterday’s bill was introduced by Congresswoman Norma J. Torres (D-CA-35) and Congressman Rick Crawford (R-AR-01).

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2022-04-06 19:12:02 Senator Lummis says Bitcoin is a commodity and will become a currency soon

The U.S. Senator from Wyoming, Cynthia Lummis, recently championed Bitcoin as a future currency in an interview. The interview started with the question, “Is Bitcoin a currency or commodity?” Senator Lummis quickly and confidently responded.

To explain her confidence, Lummis referred to the launch of the Bitcoin payment protocol, Lightning Network. She noted that Bitcoin came out of a whitepaper that didn’t include means of payment. Lightning Network filled the gap by providing a payment method for Bitcoin which should lead to further innovation in the payment space.

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