BTC $19,061 (+0.4) • ETH $591 (+0.1%) • XRP $0.58 (-2.3%) ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

	Ethereum community explodes over proposed stablecoin act from U.S. representatives BTC $19,061 (+0.4) • ETH $591 (+0.1%) • XRP $0.58 (-2.3%) CryptoSlate Dec 5 Ad: SwissBorg — One app. 4 exchanges. Best rates. Download the App → The crypto community was slammed with news earlier this week that U.S. House representatives are looking to crack down on stablecoins. The Office of Congresswoman Rashida Tlaib, who is heading this new proposed legislation, wrote in a press release announcing this move: “The COVID-19 Pandemic has exposed numerous barriers to accessing and utilizing mainstream financial institutions, leaving many to look to the financial technology sector to meet the financial servicing needs of low- and moderate-income (LMI) consumers for everything from faster direct payments, access to loans, and even access to bank accounts. LMI consumer vulnerabilities could be exploited and obscured by bad actors looking to issue stablecoins.” This “STABLE Act” would require that any issuer of a stablecoin must comply directly with banking regulations. This would basically harm the DeFi space by only allowing KYC-ed individuals to transact with decentralized applications. Read the full story here ➡️ Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Start Earning Interest with Nexo Featured video Inside a Polkadot developer’s mind on Kusama, Parachains, and decentralized governance Polkadot emerged as one of the biggest “Ethereum killers” this year, with its high throughput, low-fee network, and the demand for such features booming as the DeFi sector surged in 2020. Watch the video Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬ How Cardano is trying to solve blockchain’s biggest problems Calling Cardano an “Ethereum killer” means overlooking most of the blockchain’s goals and accomplishments. 5 min read → Dutch family that sold everything for BTC in 2017 is still buying Known as the Bitcoin family, the Taihuttus made news back in 2017 when they liquidated all of their assets for Bitcoin. 2 min read → Ethereum options volume hits record high—but why is demand surging? The volume of the Ethereum options market hit a record high as the demand for ETH increased in recent weeks. 2 min read → IOHK to launch two new smart contracts devnets for Cardano IOHK, the company behind the Cardano blockchain, announced the launch of two smart contract developer environments (devnets) for Cardano—KEVM and IELE. 2 min read → Ripple CTO says the company would burn 48 billion XRP if “majority wanted rule change” Ripple, the distributed payment processing service and issuer of the XRP token, has received a lot of flak in the past years for using XRP to keep itself afloat while maintaining its distance from the token. 2 min read → Crypto hedge fund CEO testifies to Washington State Senate about the challenges of regulating digital assets Crypto regulations have proven to be a slippery slope so far, with governments around the world continuing to suppress the industry’s organic growth by instilling poor policies and a general disregard for cryptocurrencies. 2 min read → Next Goguen update brings token locking to Cardano: here’s what this will mean The next big protocol upgrade planned for Cardano will bring token locking to the blockchain, a feature that will prepare the platform for smart contracts and native assets. 2 min read → China is in pole position to dethrone the US as the leading financial power A cold war is brewing in the financial world. 4 min read → Control your wealth Ad: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. Download the Wealth App from SwissBorg 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market data For more pertinent market data, please see: 🌚 Cryptocurrency Rankings 📈 Biggest Gainers - 24h 📉 Biggest Losers - 24h 💰 Highest Volume - 24h 🆕 Recently Added Coins Connect with us Telegram Instagram Twitter Facebook LinkedIn Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article. If you liked this post from CryptoSlate, why not share it? Share © 2020 Zenzio Incorporated Unsubscribe 11010 Harbor Hill Dr NW, STE B405, Gig Harbor, WA 98332