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What to Know About Two New Amendments to US Infrastructure Bill
U.S. Treasury Secretary Janet Yellen has reportedly been lobbying against cryptocurrency legislation proposed by Sen. Ron Wyden (D-Ore.) and other senators. Meanwhile, the White House is supporting a competing amendment that excludes proof-of-work miners from the reporting provision.
Could Apple's Plan to Scan iPhones for Child Abuse Images Become Trojan Horse for Mass Surveillance?
Apple says it will install software on all iPhones in the U.S. to scan for child abuse imagery, opening the door to mass surveillance. This comes as the tech giant, known for its privacy leadership, faces growing pressure to monitor encrypted data. Is the move a trojan horse? "[Apple's] system is currently trained to spot child sex abuse, but it can be adapted to scan anything," host Naomi Brockwell said. "This is a very scary system."
Huobi-Branded HUSD Reveals Breakdown of Reserves: All Held in Cash
The reserves backing Huobi’s HUSD, the eighth-largest stablecoin by market cap, are revealed to be all held in cash in money market accounts in the U.S. This comes as stablecoin issuers have followed each other in increasing transparency.
FTX Strikes Deal With Yield Guild Games to Sponsor Axie Infinity Players
Sam Bankman-Fried’s cryptocurrency exchange FTX has struck yet another sponsorship deal. This time, with decentralized gaming startup Yield Guild Games (YGG) to sponsor Axie Infinity players from developing countries.
What the SEC Eyeing Tighter Crypto Regulations Could Mean for Crypto Exchanges
Crypto.com has seen explosive growth within the past 12 months. It has 10 million users and 90 cryptocurrencies available on the platform. Henrik Johansson, Global Head of Growth, responds to SEC Chair Gary Gensler's remarks on enforcing tighter trading and lending platforms regulations. “As with any new technology that has enormous power to transform and empower people, there will always be a lot of concern," he said. Plus, his vision for future expansions as the company sets a target of acquiring more than 100 million users in the next two years.
Why the Prediction Markets Matter for Crypto
"Who's going to be the Republican nominee? Will the infrastructure bill pass? These are political events that have significant implications for shareholders and investors worldwide," John Aristotle Phillips, CEO of prediction market PredictIt, said. He further explains how his prediction firm can provide valuable insights into trading and investment.
Quantum Economics Exec: ETH Driving Crypto Markets, Not BTC
The crypto markets are popping up, and many suggest Ethereum’s London hard fork upgrade was a potential catalyst. “[Bitcoin] maxis will probably get upset with me on this, but Ethereum is definitely the driver of the markets,” said Quantum Economics Analyst Alexandre Lores in explaining his reading of the price boost.
Binance Bans Derivatives in Hong Kong, Ethereum Fork Boosts Trading
Binance bans derivatives products accounts in Hong Kong. Ethereum fork provides a trading boost, and India’s Olympic winners get more than just medals. We’ll have more on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Senate to Vote Saturday on Crypto Provision Amendments for Infrastructure Bill
On Saturday, lawmakers are expected to vote on the crypto tax provision amendments in the $1 trillion bipartisan infrastructure bill. This comes after senators debated late Thursday on crypto tax exemptions, among other vital issues. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the critical revisions in the amendments to watch for and reasons why lawmakers might be struggling to reach an agreement.
US Regulators Debate Authority Over Crypto Regulation
Which regulators should police crypto, and which cryptocurrencies are securities?