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First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

First Mover: Ether Eyed as Value Play With Bitcoin Pressing $20K

As prices consolidate below $20K, traders cue off macroeconomic factors – like Biden remark that $908B stimulus would be “down payment.”

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In Echo of Bitcoin’s Genesis, Mining Pool Embeds Reuters Headline on the Blockchain

Slush Pool has immortalized a potentially iconic Reuters headline on the Bitcoin blockchain.

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Bitcoin’s Price Is a Poor Proxy for Its Utility

Bitcoin has found adoption this year as digital gold. The other promises of cryptocurrency have yet to find fruition, says our columnist.

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Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

A continued decline in the U.S. dollar and rising inflation expectations support bitcoin’s long-term bullish case as a hedge asset.

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Swiss Firm Launches ‘No-Fee’ Bitcoin Exchange-Traded Product on Nordic Growth Market

Swiss-based Valour says its bitcoin ETP is the first with no management fees.

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Ridesharing Giant Cabify to Track and Offset Carbon Emissions Using Blockchain Platform

Cabify, one of the world’s largest ridesharing companies, is moving to offset its carbon emissions with the help of blockchain marketplace ClimateTrade.

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Theta Labs Launches Its Blockchain Video Delivery Platform in Beta

Theta Labs says it plans to democratize content delivery with its decentralized video platform.

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Ripple CEO Walks Back Threat to Leave US

Prolonged but fruitless efforts to get regulators on the firm’s side seem to have exhausted Ripple’s patience as it eyes a potential IPO and fights a lawsuit.

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New Congressional bill includes mandate for stablecoin issuers to obtain U.S. banking charters

Three House Democrats have unveiled a new piece of legislation focused on the regulation of stablecoins and the companies that issue them. 

The post New Congressional bill includes mandate for stablecoin issuers to obtain U.S. banking charters appeared first on The Block.

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US Lawmakers Introduce Bill That Would Require Stablecoin Issuers to Obtain Bank Charters

Rep. Rashida Tlaib, Rep. Stephen Lynch and Rep. Jesus Chuy Garcia have introduced a bill that would require stablecoin issuers to secure bank charters and either obtain FDIC insurance or maintain full reserves to operate in the U.S.

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