The Daily Hodl
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Two US Senators Introduce New Bipartisan Stablecoin Legislation
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
No CommentsTwo US lawmakers unveiled on Wednesday a proposed legislation that will create a regulatory framework for payment stablecoins.
In a statement, senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) say the bipartisan Lummis-Gillibrand Payment Stablecoin Act will protect consumers, enable innovation and promote the dominance of the U.S. dollar while preserving the dual banking system.
“In order to meet the growing demand for our ever-evolving financial industry, we need to craft legislation that strikes the careful balance of establishing a clear and workable framework for stablecoins while protecting consumers.” …
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Tether Launches USDT on Ton Blockchain, Giving the Stablecoin Access to Telegram Messaging Platform’s Userbase
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Stablecoin issuer Tether (USDT) is launching its dollar-pegged asset over The Open Network (TON), giving it access to the user base of the popular messaging platform Telegram.
In a new article, Tether says that it is launching both USDT and Tether Gold (XAUT), its gold-backed crypto asset, over the layer-1 protocol TON, bringing its total coverage to 15 blockchains.…
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Quant Analyst PlanB Predicts Bitcoin To Skyrocket by Over 4x – Here’s the Timeline
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
Closely followed quant analyst PlanB is predicting that the cycle top for Bitcoin (BTC) will be more than 4x the current value.
The pseudonymous analyst tells his 1.9 million followers on the social media platform X that Bitcoin could put up massive gains after the April 19th halving event based on historic precedence.
He believes the halving event, when miners’ rewards are cut in half, will once again be a bullish factor for Bitcoin and predicts the crypto king will reach a cycle top of about $300,000 by 2025.…
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$930,000,000,000 Wave of Debt Descending on US Banks As Hope for Interest Rate Reversal Fades: Former IMF Deputy Director
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
An IMF insider is warning of another US banking crisis amid hot inflation, dwindling hope of interest rate cuts from the Fed and fears of mounting crisis in the real estate market.
Writing for the American Enterprise Institute where he’s a senior fellow, former IMF Deputy Director Desmond Lachman notes that regional banks are dangerously exposed to commercial real estate (CRE) loans – a sector ravaged by the increase in remote working and the lessening need for office space.…
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Crypto Trader Behind $110,000,000 Mango Markets Exploit Convicted on Fraud Charges
- April 20, 2024
- Posted by: MasterAdmin
- Category: The Daily Hodl
A jury has unanimously found the trader behind the $110 million exploit of Solana (SOL)-based decentralized finance (DeFi) trading platform Mango Markets guilty in the first-ever cryptocurrency market manipulation case in the US.
In a statement, the Department of Justice says that Avraham Eisenberg was convicted of commodities fraud, commodities market manipulation and wire fraud in connection with the trading scheme that left Mango Markets insolvent and users unable to access their funds.…