Former Biden adviser urges development of digital dollar to ‘crowd out’ private crypto
Former Biden adviser urges development of digital dollar to ‘crowd out’ private cryptoDaleep Singh told the senate banking committee that developing a CBDC is the best way to combat sanction evasion and financial crimes via private crypto.
Happy WednesdayThe global crypto market cap is $1.08 trillion with a 24-hour volume of $50.27 billion. The price of Bitcoin is $23,742.17 and BTC market dominance is 42.4%. The price of Ethereum is $1,658.37 and ETH market dominance is 18.8%. The best performing cryptoasset sector is Yield Farming, which gained 7%.
Latest NewsFormer Biden adviser urges development of digital dollar to ‘crowd out’ private crypto
Daleep Singh told the senate banking committee that developing a CBDC is the best way to combat sanction evasion and financial crimes via private crypto. Indian exchange Bitbns admits it was hacked for $7.5M last FebruaryBitbns CEO Gaurave Dahake said that the exchange was taken offline to analyze certain anomailes in prices when the team discovered a hack. Quantum Temple enters NFT partnership with Indonesian Ministry of TourismQuantum Temple founder and CEO Linda Adamis told CryptoSlate she hopes to change the dynamics of cultural heritage protection through Web3. Robinhood’s self-custody wallet launches on iOSUsers can earn up to 5 USDC if they transfer $10 from Robinhood Crypto or 1 USDC if they use another wallet for the transfer. Bitcoin outperformed majority of mining company stocks in FebruaryBTC recorded a 4.6% increase during February, which only five mining companies' stocks were able to outperform. Justin Sun calls for unified crypto regulationSun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level. BUSD’s trading volume dropped to lowest point in February on CoinbaseBUSD's balance on exchanges has dropped to under 10 billion within three months, according to Glassnode data. Poop emoji Bitcoin Ordinal sells for $28k – wash trading or legit?The poop emoji ordinal — which sold for 1.2 BTC — is labeled Inscription #121 and was minted on block 773820. Has the Metaverse found the solution to its addressing issue?The Metaverse isn't still what we envision as the future of the internet, and one of the problems troubling it is the lack of identification of spaces and navigation. German court denies crypto owner’s attempt to claim $3.6 million as ‘data set’The Federal Fiscal Court (BFH) announced that a private crypto investor from Cologne must pay tax on his crypto gains. Justin Sun 100% confident Huobi will obtain Hong Kong VASP licenseSun disclosed actively working with regulators to form an appropriate framework and is certain of Huobi being granted a license to operate in the region. 20 global currency stablecoins to form International Standards BodyAlthough stablecoins pegged to the US dollar currently dominate the market, recent developments have shown the importance of diversifying. Holdnaut co-founders opt to sell bankrupt crypto lenderSimon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
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