The CEO of Gemini says things would’ve been handled differently if First Republic was a "crypto" bank.
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Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said.
Circle CEO warns of active and accelerating de-dollarization
The United States must implement stablecoin legislation and digitize the U.S. dollar (USD) to mitigate the “very active de-dollarization taking place” around the world right now, says Jeremy Allaire, the chief executive of stablecoin issuer Circle.
Allaire’s comments at the Consensus 2023 conference on Wednesday, April 25, were made in light of the recent U.S. banking crisis.
The Circle — the stablecoin issuer behind USD Coin (USDC) — CEO called on Congress and the Federal Reserve to take action otherwise alternative currencies and payment systems will continue to eat into the dollar’s dominance:
“We have a very active de-dollarization taking place. You're having very significant reactions to the U.S. risks in the U.S. banking system, risks with the US government itself, a geopolitical imposition on many parts of the world [and] the desire for alternative payment systems all around the world.
“This is happening and it's accelerating,” he added.
Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said.
One crypto wallet launched 114 dodgy memecoins in two months
According to ZachXBT, one alleged scammer in particular launched around 114 projects in the past 45 days alone.
US House Financial Committee Republicans look for records to show crypto debanking
The lawmakers see a “coordinated strategy” to deny the digital asset industry access to banking that is not related to a desire to protect banks.
Arkham denies buggy Mt. Gox alerts to blame for 7% Bitcoin price crash
Blockchain analytics firm Arkham Intelligence has denied playing a role in the flash crash that saw Bitcoin fall 7% in less than an hour.
MeWe social network with 20M users to integrate with Polkadot parachain
The integration is built on DSNP, a protocol created by Project Liberty.
Elizabeth Warren wants the police at your door in 2024
Senators Elizabeth Warren and Roger Marshall want to make your crypto wallet illegal — and their plan runs contrary to the principles they campaigned on.
Web3 social media protocol launches ‘layer 3’ to provide instant posts
The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data.
Web3 social media protocol launches ‘layer 3’ to provide instant posts
The new layer relies on Bundlr, a decentralized storage platform built on Arweave, for mass storage of social media data.
Bahamas securities watchdog presents comprehensive new draft digital assets act
After the FTX scandal focused the international spotlight on it, the Securities Commission of The Bahamas completes its regulator overhaul.
CertiK, zkSync to launch compensation plan for $2M Merlin DEX exploit
The Web3 security firm urges the rogue developer to return 80% of the stolen funds and offers 20% as a white hat bounty.
South Korea’s sweeping crypto bill passes first regulatory hurdles
Legislators in South Korea passed a first phase review of proposed cryptocurrency regulations that include relatively harsh sentencing recommendations.
Arbitrum decentralized exchange IAO cancelation draws controversy
Xirtam token's scheduled initial airdrop offering was canceled at the eleventh hour following an alleged pricing dispute.
SEC’s war on crypto: How far will it go?
The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.
SEC’s war on crypto: How far will it go?
The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.
SEC’s war on crypto: How far will it go?
The latest Cointelegraph Report tries to make sense of the Security and Exchange Commission's ongoing crypto crackdown, its rationale, and the potential outcome.
Binance.US enables free Web3 domain creation for American users
Binance users based in the United States are now able to create Web3 domains that serve as digital identities in a new partnership with Unstoppable Domains.