Tag: News

Crypto Lobbyists Resist Banking Industry’s GENIUS Stablecoin Law Proposal

In the wake of the recent passage of the GENIUS Act, a new law regulating stablecoins, tensions have emerged between traditional banking associations and cryptocurrency advocacy groups.  While the US banking associations representing all fifty states have raised alarms about potential vulnerabilities in the law, two crypto organizations, the...
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Volume Triples Daily Average as XRP Bulls Battle $3 Resistance

XRP swung nearly 6% in a volatile 24-hour session, rebounding from steep losses at $2.82 to settle at $2.93. The move was fueled by a surge in volume and aggressive support buying, even as whales offloaded and broader markets absorbed $360 million in liquidations. News Background XRP has faced...
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Whale Accumulation Drives Dogecoin’s V-Shaped Recovery From $0.21 Lows

Dogecoin rebounded sharply from $0.21 lows, closing at $0.22 after a late-session surge in volume and aggressive whale accumulation, even as security risks from Qubic’s attack threat linger. News Background DOGE has faced pressure this month after reports tied to Qubic’s potential 51% attack spooked retail traders and drove...
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Crypto Ponzi Scheme Ruling: EminiFX Founder Ordered To Repay $228 Million

Yesterday, a federal judge in New York ordered Eddy Alexandre, founder of the now-defunct cryptocurrency platform EminiFX, to pay $228 million in restitution for orchestrating a Ponzi scheme that defrauded tens of thousands of investors. EminiFX CEO To Pay $228 Million In Restitution According to a court filing published...
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Fed Governor Touts DeFi, Stablecoins, and RWA Tokenization in Pro-Crypto Speech

Speaking at the Wyoming Blockchain Symposium on Wednesday, central bank Governor Christopher Waller said, “the payment system is experiencing what I have called a ‘technology-driven revolution’.” He added that this includes instant payments, digital wallets, mobile payment apps, stablecoins, and other digital assets, and AI. He specifically cited stablecoins,...
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