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Bitcoin News / Bitcoin.com - 2 years ago

Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy

A legislative proposal has been introduced to support the bitcoin economy in the U.S. state of Texas. “The individuals who own bitcoin should be protected” under the Texas Constitution, the proposal describes. “No citizen of Texas shall e...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmakers reiterate concerns about 'sham' crypto firm audits to PCAOB

Two U.S. senators cited the collapse of FTX when writing to Public Company Accounting Oversight Board chair Erica Williams in January, but now suggest improper auditing could have affecte...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

French lawmakers propose ban on crypto influencer promotions

According to the proposal, individuals caught violating the prohibitions could face a two-year prison sentence and a 30,000 euro fine. French lawmakers have proposed...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

The Lone Star State is already home to many crypto and blockchain firms as well as miners taking advantage of the regulatory-friendly environment. Cody Harris, a membe...

Bitcoin News / Bitcoinist - 2 years ago

Major Bitcoin ATM Maker Hacked, Over $1.5 Million In BTC Stolen

Bitcoin ATM maker General Bytes has become the latest victim of a cyber attack, with the company announcing a loss of $1.5 million in digital assets. The breach occurred Friday, and has dealt a heavy blow to one of the biggest producers of Bitcoin AT...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Bitcoin ATM maker shuts cloud service after user hot wallets compromised

Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets....

Bitcoin News / Bitcoin.com - 2 years ago

US Lawmaker Urges Government to Guarantee All Deposits to Avoid Runs on Smaller Banks

A U.S. congressman has urged the federal government to temporarily insure every bank deposit in the country. Following the collapses of several major banks, he stressed that if the government does not do this, there will be a run on smaller banks. &#...

Cryptocoins News / Blockchain  - 2 years ago

MakerDAO Increases US Treasury Bond Holdings by 150%

MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equa...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmaker suggests Signature’s collapse was tied to instability of crypto

Senator Michael Bennet said crypto was not “even as stable as the marijuana industry,” questioning Signature Bank’s ability to service digital asset firms but not dispensaries....

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MakerDAO passes proposal for $750M increase in US Treasury investments

The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure. Lending protocol an...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmaker accuses FDIC of using banking instability to attack crypto

The collapse of Signature Bank, Silicon Valley Bank and Silvergate Bank has had many in the space reeling — but is the U.S. government trying to “choke off digital assets”?...

Bitcoin News / Bitcoin.com - 2 years ago

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC colla...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

MakerDAO files emergency proposal addressing 3.1B USDC exposure

“Proposal(s) implementing the above changes are expected to be posted in the next ~12 hours or less,” says MakerDAO. According to a forum post from MakerDAO, the issue...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

DAO Maker founder builds game based on abandoned Logan Paul project in just 30 days

“Degen Zoo” has seen more than 115,000 wallets register to join the game, pledging over $700 million. Degen Zoo, an NFT game inspired by YouTuber Logan Paul’s controve...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

US lawmakers planning to reintroduce bill aimed at fixing crypto reporting requirements: Report

Representatives Patrick McHenry and Ritchie Torres reportedly plan to reintroduce the Keep Innovation in America Act to address reporting requirements in the infrastructure law....