CRYPTO

Authored by William Campbell via CoinTelegraph.com,

Stablecoins were heralded as a breakthrough in the cryptocurrency space as a way to marry the lightning-fast, borderless nature of digital assets with the stability of traditional currencies. They achieve this by pegging their value to reserves like fiat currencies or commodities. Stablecoins are engineered to maintain a fixed exchange rate, typically one-to-one, with the underlying asset.

What does “stability” mean? At (more…)

Authored by Kimberley Hayek via The Epoch Times,

A California bill that would allow all businesses and individuals in the state to accept digital asset payments, such as cryptocurrency, and prohibit government restrictions on the use of digital currency, is being considered by a legislative committee.

Introduced by Assemblyman Avelino Valencia earlier this year, Assembly Bill 1052 was recently reviewed by the state Assembly’s Banking and Finance Committee before it was (more…)

Authored by Turner Wright via CoinTelegraph.com,

California Representative Maxine Waters, ranking member of the US House Financial Services Committee, used her opening statement at a markup hearing to criticize President Donald Trump’s business and ethical entanglements with the crypto industry, including the launch of a stablecoin by a family-backed company.

Addressing lawmakers at an April 2 hearing, Waters said Trump had used his position as president to leverage (more…)