White House Investigates Further Crypto Mining Energy Impact
The Crypto Mining report is the first public response to the U.S. In the crypto order that President Joe Biden s igned, he also asked for standards to be set to reduce the amount of energy used. In a new report released Thursday, the White House Office of Science and Technology Policy said that the […]
Digital Dollar: Republicans Demands ‘Urgent Response’ From Fed
Rep. Patrick McHenry and other members of the House Financial Services Committee wrote a letter to Fed Vice Chairwoman Lael Brainard asking for more information on Digital Dollar. U.S. A top Federal Reserve official is being asked by Republican lawmakers to explain how the central bank sees its power to issue a digital dollar. Rep. […]
Binance to Issue Tokens to Users Who Complete KYC Checks
With the tokens, people will be able to join building projects on the BNB chain after they have successfully completed their KYC checks. A public announcement says that the cryptocurrency exchange Binance plans to give all users who meet “know-your-customer” (KYC) requirements a “soulbound” token on the BNB blockchain. Soulbound tokens, which in this case […]
DeFi Lending Protocol Set For Leveraged Product
The DeFi Lending Protocol plans to release three “leveraged vaults” next month, which will let users trade up to 10 or 20 times their initial capital. According to a blog post on the company’s website on Wednesday, “leveraged vaults,” a new type of DeFi Lending Protocol, will soon be available to Notional Finance’s users. Notional […]
Brazil Topped 1 million Registered Crypto Users In July
The number doesn’t include international exchanges because they aren’t required to tell the Brazil local tax office about them. The South American country’s tax agency, Receita Federal, said this week that Brazil had more than 1 million registered crypto users in July. This was the first time that number had been reached.According to Receita Federal, […]