A significant number of senators, both Republican and Democrat, recently pushed forward a bill to regulate stablecoins. This move, however, has raised eyebrows due to potential conflicts of interest. Sixteen Democratic senators joined their Republican colleagues to advance the Guiding and Establishi
The GENIUS Act is a significant piece of legislation focused on regulating stablecoins in the United States. Stablecoins are a type of cryptocurrency that is designed to maintain a stable value by being pegged to traditional currencies, such as the U. S. dollar. There are currently over 250 billio
The Senate recently made a significant step in regulating cryptocurrencies. A bill aimed at creating rules for stablecoins, which are digital tokens tied to traditional currencies, got a big push forward. This happened after a group of senators from both major parties worked out a deal. The vote wa
A hot debate is unfolding in the Senate over a crypto bill. The Guiding and Establishing National Innovation for U. S. Stablecoins Act, or GENIUS Act, is on the brink of passing. This bill aims to set rules for stablecoins, a type of digital currency with a steady value. It's backed by the crypto in
Special Purpose Acquisition Companies, or SPACs, are making a comeback. These investment vehicles, which were popular during the pandemic, are back in the spotlight. This time, they come with a twist. Many of the latest SPAC deals have ties to former President Donald Trump or his associates. So, wh
The world of crypto has seen a massive change in the United States. For a long time, crypto was seen as a risky and shady investment. It was popular among tech enthusiasts and criminals alike. The market was known for its extreme highs and lows. Just two years ago, the top crypto exchange, FTX, cras
A major shakeup is happening on Wall Street. Howard Lutnick, who is now the commerce secretary, is selling his shares in two big companies. He is doing this to follow the rules set by the U. S. government. The two companies are BGC and Newmark. Lutnick is selling his shares for a total of $361 mill
Coinbase, a leading crypto exchange in the USA, recently faced a significant cyber attack. This incident has raised eyebrows in the tech world. The hackers, working with some dishonest support staff, managed to steal a lot of user data. They even tried to blackmail the company by demanding a huge ra
A major player in the crypto world, Coinbase, recently faced a serious threat. Hackers managed to get their hands on some customer data by bribing a few overseas employees. They then demanded a hefty ransom of $20 million in bitcoin. This all started when Coinbase received an email on May 11. The se
eToro, a trading platform that's been expanding into cryptocurrency, has set its IPO price at $52 per share. This move comes as the company gauges investor interest in new market offerings. The company, based in Israel, managed to raise close to $310 million by selling nearly 6 million shares. This
