Legislation outlining a legal framework for payment stablecoins has been introduced by US Senators Kirsten Gillibrand and Cynthia Lummis. The Lummis-Gillibrand Payment Stablecoin Act, which the two senators announced on April 17, had been in the works for some months and was scheduled to be unveiled in 2024. Prohibiting “unbacked,
FLock.io, a community-driven platform that makes it easier to create decentralized AI models on-chain, has announced a collaboration with io.net to provide decentralized computing to FLock. By tackling the issues associated with centralized data storage and laying the groundwork for a day when AI will be used to improve human
On April 16, 2024, a lawsuit was filed against the United States Securities and Exchange Commission (SEC) in relation to the Consolidated Audit Trail (CAT), a system that was put in place to collect comprehensive transaction data from U.S. exchanges. The National Center for Public Policy Research and investors are
The Merit Circle ecosystem treasury report (referred to as the “Treasury”) reveals a noteworthy increase of more than USD $94 million as compared to the preceding quarter. This development highlights the Treasury’s strong financial standing and its deliberate investments in the gaming sector. Since its founding, Merit Circle has made
Web3 App Store Magic Square has announced the integration of the 1inch Swap API along with the launch of a $25,000 $SQR Swap Competition, intended to reward users for their transactions and active involvement. Users of Magic Square now have access to the unparalleled swap conditions provided by 1inch, which
The Unification Process and the Quest-Based Blockchain RPG, Pixelverse, are the two new additions to the Mon Protocol, Metaverse. Mon Protocol, an intermediary between publishing and blockchain, advances by partnering with Pixelverse, and their collection becomes one of the fundamental components of this novel idea of digital real estate. In
At least three Hong Kong-based issuers have received green lights from the region’s authorities to launch spot exchange-traded funds (ETFs) trading Bitcoin (BTC) and Ethereum (ETH). Reuters said that on April 15, the first spot Bitcoin and Ethereum ETFs were provisionally authorized by the Hong Kong Securities and Futures Commission
Custodia Bank CEO Caitlin Long discussed the ways in which the court’s ruling in the case involving the Federal Reserve is limiting technological innovation in a conversation with FOX Business correspondent Eleanor Terrett. The Custodia Bank has previously sought oversight from the Federal Reserve System of the United States. The
Bitcoin and Ethereum prices, among many others, fell sharply today on reports from the Israeli military that Iran had attacked the country with “dozens” of drones. Reports indicate that a cargo ship owned by an Israeli billionaire has been seized by Iranian officials, in addition to the airstrikes. President Joe
Hong Kong could approve Bitcoin and Ethereum ETFs as soon as next Monday, which would be a huge deal for the crypto community. Bloomberg broke the news, and the crypto world is ecstatic, particularly in light of the phenomenal performance of Spot Bitcoin ETFs in the US. Furthermore, the report
