$
DigiBit Theme
US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

US House Financial Services members scold Fed’s Powell for stablecoin bill obstruction

The Federal Reserve is seemingly running interference with congressional efforts to regulate stablecoins, according to a letter recently sent to Fed Chairman Jerome Powell. The letter came from Chairman of the U.S. House of Representatives Financial Services Committee Patrick...

Read More
FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”

FTX, BlockFI and Genesis’ Customer Data Exposed in “SIM Swapping Attack”

Customer data of bankrupt crypto exchange, FTX, and insolvent digital asset lenders BlockFi and Genesis, were exposed earlier this month, Kroll, the vendor responsible for overseeing creditor claims for the insolvent businesses, confirmed today (Friday). Discover StealthEX.io – the...

Read More
Worldcoin 50% Crash Caused By Mounting Data Privacy Paranoia

Worldcoin 50% Crash Caused By Mounting Data Privacy Paranoia

The Worldcoin cryptocurrency project, led by Sam Altman, the brains behind ChatGPT, is facing increased scrutiny from regulators worldwide. The project’s use of eye-ball scanning orbs for user enrollment has raised concerns about potential violations of data protection laws....

Read More
Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts

However, the move is unlikely to hurt the crypto exchange’s market share, given its extensive global footprint. “It’s difficult to assess the impact of this on Binance, which is still a leading exchange from a liquidity point of view,”...

Read More
Tether CTO stays silent on Bitcoin mining locations

Tether CTO stays silent on Bitcoin mining locations

Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about images of large industrial containers online. These speculations led him to rejecting questions about where Tether is mining Bitcoin (BTC).  On Aug. 26, in...

Read More
US Wants “Brokers” to Man Taxpayers’ Crypto Reporting Burden

US Wants “Brokers” to Man Taxpayers’ Crypto Reporting Burden

The US Department of Treasury alongside the Internal Revenue Service (IRS) today (Friday) announced new proposed rules for “brokers” such as crypto trading platforms, crypto payment processors and digital asset wallet providers. The agency noted that the proposed regulation...

Read More