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US Congressman Thomas Massie has reintroduced legislation aimed at abolishing the Federal Reserve, a move he says was inspired by a seminal book on Bitcoin.
The bill, known as the “Federal Reserve Board Abolition Act,” marks the first attempt in a decade to dismantle the nation’s central banking system. It was introduced by Massie in May and is currently in the initial phases of review by the...
CFTC chair Rostin Behnam said the agency is capable of handling additional crypto responsibilities during a hearing before the Senate Committee on Appropriations on June 13.
Behnam denied the suggestion that the CFTC would be “biting off… more than it can chew” if it gained additional crypto authority.
He asserted that crypto commodities fall under the agency’s responsibilities and described a...
SEC Chair Gary Gensler said the regulator expects to approve the spot Ethereum ETF applications’ S-1 registration forms “sometime over the course of this summer,” which would be the final step before the funds can launch in the US.
Gensler confirmed that the ETFs would be able to launch by the end of summer, well before the November presidential elections.
The watchdog recently approved the...
Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate.
In a June 13 statement, the firm said the site’s initial capacity will be 12 megawatts, with plans to expand to 120 MW by 2025. Bitfarms expects to bring the first 12 MW online before the end of this year, with the full capacity...
Privado ID has rebranded from Polygon ID and spun off from Polygon Labs to focus on the mainstream digital identity market.
In a statement shared with CryptoSlate, Privado ID explained that the move aims to meet the global demand for online and on-chain digital identity solutions. It forecasted that the Digital identity solutions market will rise to $101.37 billion by 2030 from $30.81 billion in...
Access Protocol has launched a Subscription Quest initiative with Superboard to introduce its new transferable subscription feature, which offers up to $25,000 in prizes.
Transferable Subscriptions are designed to revolutionize interactions with creators. These subscriptions utilize compressed NFTs to enable the creation, purchase, sale, and transfer of Access subscriptions. According to the...
Bitcoin ETFs saw a significant turnaround on June 12, recording a $100.8 million inflow. This marks a notable recovery from two consecutive days of outflows. While inflows exceeding $100 million haven’t been a rarity for spot Bitcoin ETFs, these inflows are especially significant as they come after a substantial outflow of $200.4 million on June 11.
Data from Farside showed Fidelity’s FBTC led...
MicroStrategy is set to offer $500 million in convertible senior notes due in 2032 to finance more Bitcoin acquisitions.
This private offering targets qualified institutional buyers and seeks to bolster the company’s resources amid volatile market environments.
As of June 13, MicroStrategy holds more than 1% of BTC’s circulating supply, equivalent to 214,400 BTC, valued at approximately $15...
The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability.
During a Texas Senate Business...
Michael Egorov, founder of Curve Finance, faced liquidation earlier today after the CRV token plummeted to an all-time low of $0.219.
$27 million liquidated
On-chain analyst EmberCN reported that Egorov’s lending positions were largely liquidated, totaling around 100 million CRV, valued at $27 million. Despite this, he still holds 39.35 million CRV, securing $5.4 million in stablecoins on a...