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New York would allow bail-ins in Stablecoins

New York would allow bail-ins in Stablecoins

Democrat Latrice Walker introduced a bill that would add digital assets to the list of permissible funds for bail bonds. The document overlaps with the New York Attorney General's Office initiative for additional leverage on cryptocurrency exchanges. You can read the text of the bill at the link. Notably, only

Digital Asset unveiled a blockchain ecosystem for institutional clients

Digital Asset unveiled a blockchain ecosystem for institutional clients

Fintech firm Digital Asset has launched a global interoperable blockchain network designed to provide a decentralized infrastructure for the needs of institutional clients. The initiative has attracted some major "players," including Microsoft, Goldman Sachs, BNP Paribas and Deloitte.

Capitalization of BRC-20 tokens approached the $1 billion mark

Capitalization of BRC-20 tokens approached the $1 billion mark

The total capitalization of tokens based on the BRC-20 standard has almost reached the $1 billion mark. Their number has already exceeded 14,079 tokens. Recently, the capitalization of BRC-20 increased by 800% in just seven days, from $17.5 million to $143.14 million. Then the total number of

Binance suspended BTC withdrawals twice in 24 hours due to network congestion

Binance suspended BTC withdrawals twice in 24 hours due to network congestion

Binance announced that it stopped BTC withdrawals due to large amount of unfinished transactions. It was the second case in 24 hours. Prior to that, the exchange froze withdrawals on Sunday for two hours. Now the withdrawal of the first cryptocurrency works in the previous mode, writes Binance. To mitigate

WSB Coin team member collapses token price by 90%

WSB Coin team member collapses token price by 90%

On-chain analyst ZachXBT reported on the collapse of WSB Coin's price. A team member under the nickname ZJZ.eth, who ran the moderation bots of the notorious WallStreetBets community, suddenly sold off most of the tokens, amounting to $635k (334 ETH). As a result, WSB's price fell by 90%. ZachXBT

Citigroup downgraded Coinbase amid problems with authorities

Citigroup downgraded Coinbase amid problems with authorities

Citigroup analyst Peter Christiansen has published a report on cryptocurrency exchange Coinbase. Although the platform remains "one of the leaders in the industry", its rating has been downgraded to "neutral". In addition, the agency set a new target price for Coinbase shares at $65 instead of $80. This figure reflects

Bhutan secretly uses hydropower to mine bitcoin

Bhutan secretly uses hydropower to mine bitcoin

Bhutan's state-owned company Druk Holding & Investments has been secretly mining bitcoins since 2019, when BTC was worth about $5000. Apart from that, the holding company also mined Ethereum. The country mines the lion's share of BTC through green mining.

NEAR launches blockchain OS

NEAR launches blockchain OS

The NEAR Protocol team has announced that NEAR's Blockchain Operating System (BOS) is now available on the official near.org website. The company calls BOS an alternative to centralised operating systems that has a seamless Web2-style adaptation and intuitive search for Web3. The OS also allows developers to start development

US confiscates bitcoins from local Satanists

US confiscates bitcoins from local Satanists

A US district court has sentenced the founder of the Reformed Church of Satan, Aria DiMezzo, to one and a half years in prison. The woman was involved in the illegal exchange of fiat currencies for bitcoin from June 2020 to January 2021. Aria received 18 months behind bars, a

Binance US has terminated deal with Voyager Digital

Binance US has terminated deal with Voyager Digital

Bankrupt crypto trader Voyager Digital has announced that Binance US has terminated its deal to buy more than $1bn worth of assets. The company's customers will get their funds back through a direct distribution of cash and cryptocurrency.