Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed’s CBDC

Hello everyone! The global crypto market cap is $2.08 trillion with a 24-hour volume of $89.49 billio

CryptoSlate Newsletter @cryptoslate

Hello everyone! The global crypto market cap is $2.08 trillion with a 24-hour volume of $89.49 billion. The price of Bitcoin is $43,792.39 and the BTC dominance is at 39.8%.

Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed's CBDC In a Senate Banking Commitee press conference this past Wednesday, Federal Reserve Chair Jerome Powell clarified in response to a question on whether a potential Fed CBDC would preclude the existence of privately-issued stablecoins, to which Powell responded "No, not at all." Letting stablecoins coexist and compete against a Fed digital dollar has big implications. cryptoslate.com

Advertisement

OpenSea's up for competition, vampire LooksRare sucking trading volume NFT marketplace OpenSea totally dominates the NFT trading market with a market share of over 90 percent in trading volume. cryptoslate.com

IMF fears spillovers between crypto and equity markets, questions the "light touch" regulatory approach  The International Monetary Fund (IMF), recently warned about a growing connection between crypto and equity markets that pose risks to financial stability. cryptoslate.com

Footprint Analytics: Rapid Expansion of the Stablecoin Market | Annual Report 2021 The second thing most people do after entering the world of blockchain, after buying BTC or ETH, is getting some Tether or USDC. cryptoslate.com

Cardano founder says delays are just the nature of the game Input Output (IO) CEO Charles Hoskinson is pleased with Cardano's progress to date. cryptoslate.com

Jack Dorsey proposes a Bitcoin legal defense fund to protect developers Jack Dorsey, former Twitter CEO and founder revealed new plans to create a Bitcoin Legal Defense Fund in association with Alex Morcos, founder of Chain-co labs, and Martin White, a computer science teacher from the University of Sussex. cryptoslate.com

Footprint Analytics: Public Chain Development in 2021— From Ideal to Reality | Annual Report 2021 In 2021, the blockchain world officially went multi-chain. cryptoslate.com

They are all in the NFT minting rush: Pulitzer Prize winners, Asian pop stars, US Congress candidates, and NFL players NFTs officially flooded the mainstream last year. cryptoslate.com

Unlocking the $12.6-Trillion machine economy on Web3 Web3 is poised to disrupt the internet. cryptoslate.com

Elrond acquires payments provider Utrust in a bid to bring crypto to millions of merchants Elrond, a high-throughput blockchain platform, announced today that it has acquired Utrust, a global cryptocurrency payment solution. cryptoslate.com

Footprint Analytics: Will the London Upgrade Deflate ETH? | Annual Report 2021 Ethereum remained the top blockchain in 2021 by TVL (total value locked), but its market share continued to erode, dropping from nearly 100% at the beginning of the year to 65%. cryptoslate.com

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 🔥 Trending Sectors 🚜 DeFi Tokens 🕸 DEX Coins 📈 Biggest Gainers 💵 Stablecoins 🔴 Polkadot Ecosystem ⚛️ Cosmos Ecosystem 👨🏻‍🌾 Yield Farming Coins 🖼 NFT Coins 🔮 Oracle Tokens ⛓ Binance Smart Chain Ecosystem Crypto market data For more pertinent market data, please see: 🌚 Cryptocurrency Rankings 📈 Biggest Gainers - 24h 📉 Biggest Losers - 24h 💰 Highest Volume - 24h 🆕 Recently Added Coins

Did you enjoy this issue? Yes No CryptoSlate Newsletter @cryptoslate Daily summary of the most important stories in crypto, Web3, DeFi, NFTs and more.

In order to unsubscribe, click here. If you were forwarded this newsletter and you like it, you can subscribe here. Created with Revue by Twitter.