Top crypto CEOs face House committee grappling with regulations
Stablecoins, US dollar primacy and energy consumption were among the topics in the questioning homing in on how to regulate the crypto industry.
Stablecoins, US dollar primacy and energy consumption were among the topics in the questioning homing in on how to regulate the crypto industry.
Suzhou, a city located in Jiangsu province, will set up China’s first blockchain demonstration pilot zone, supported by the Ministry of Industry and Information Technology (MIIT), according to a local media report. Fast facts MIIT agreed to Jiangsu Province’s request for support to set up a pilot zone for blockchain in Suzhou and said it…
The Beijing Municipal Government announced the bidding results for the city’s blockchain and computing power platform. Tencent Cloud and government-tied enterprise Beijing Microchip Sensing Technology won the bid and will be paid US$37 million to build the system. Fast facts According to the bid’s quotations, Tencent Cloud will provide the cloud service for the blockchain…
ENS allows for a readable username that is portable across dApps and blockchains. Why is it important for the Web 3.0 world? Forkast.News explains.
OpenSea IPO plans in choppy waters. Crypto markets crumble. Bitcoin mining power struggles.
Gaming giant Ubisoft is launching Ubisoft Quartz, a new platform for players to obtain what it calls “Digits” — essentially non-fungible tokens (NFTs) playable in a mainstream game — according to a company statement. Fast facts The first such NFT will appear in beta with Tom Clancy’s “Ghost Recon Breakpoint” on Ubisoft Connect for Windows…
As part of a broader attempt to address Australia’s payments industry, the government offers a roadmap to where crypto regulation can lead in 2022.
Iceland, which is suffering from a power shortage, is reducing electricity to some industrial clients and turning away new requests for power from cryptocurrency miners, reported Bloomberg, citing a statement from national power company Landsvirkjun. Fast facts The Nordic island nation is now reducing power supply for heavy consumers, including aluminum smelters, data centers and…
Blockchain intelligence firm TRM Labs has raised US$60 million in a Series B funding round led by investment firm Tiger Global, the company announced on Tuesday. Fast facts Also participating in the financing round were American Express’ Amex Ventures, Visa, B Capital Group, Citi Ventures, DRW Venture Capital, Blockchain Capital, Jump Capital, Marshall Wace, Block…