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Stablecoin Adoption Poses Risks to US Payment System, Warns Michael Barr

In a recent speech at a fintech conference held at the Federal Reserve Bank of Philadelphia, Michael Barr, a prominent official at the US Federal Reserve, raised concerns about the growing use of unregulated stablecoins that are pegged to the …
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Recent Spike in Bitcoin Supply on Exchanges Sparks Selloff Concerns

The on-chain data reveals a notable increase of 3.1% in the Bitcoin exchange supply over the past two weeks. This surge in supply on exchanges has grabbed the attention of market participants and raised questions about the potential implications for …
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Embracing Transparency: US Crypto Accounting Evolves with Fair Value Standards

Cryptocurrency accounting in the United States is on the verge of a transformative change, as the Financial Accounting Standards Board (FASB) has given unanimous approval to new rules governing the fair valuation of companies’ crypto holdings. This move, hailed by …
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CFTC Takes Aim at DeFi Operators: Addressing Regulatory Concerns in the Digital Asset Landscape

The Commodity Futures Trading Commission (CFTC) has recently escalated its focus on the decentralized finance (DeFi) sector, signaling its intent to ensure regulatory compliance. By issuing simultaneous orders against Opyn, ZeroEx, and Deridex, Inc., the CFTC aims to address allegations …
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Ripple Expands Crypto Infrastructure with Fortress Trust Acquisition

Ripple, a prominent player in the cryptocurrency sphere, recently announced its acquisition of Fortress Trust, a leading financial institution specializing in Web3 financial, regulatory, and technology infrastructure for blockchain innovators. This strategic move aims to bolster Ripple’s backend infrastructure for …
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Bitcoin Transaction Fees: Can They Bridge the Gap Left by Decreasing Block Rewards?

One of the remarkable aspects of the Bitcoin blockchain is the regular occurrence of halvings. These events, which cut the block subsidy in half, have significant implications for miners’ revenues, particularly in terms of block rewards. With each halving, the …

