US Senate Votes To Move Ahead With GENIUS Act; ‘Legitimizing’ Stablecoins For Global Institutional Adoption | ZeroHedge

The GENIUS Act moved through a procedural vote on Monday (66-32), and has just passed its latest hurdle (69-31) allowing Senate Republican leaders to bring the legislation to the floor for debate and a final vote, as soon as this week

A challenging amendment pricess awaits as the Senate bill, if passed, would need to be reconciled with a version approved by the House Financial Services Committee, and then both chambers of Congress must agree on a single bill before (more…)

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Bitcoin Surges To New Record High | ZeroHedge

Bitcoin just surge to a new record high, $109,500, extending its recent post-pause recovery and up over 60% since President Trump was elected…

BTC ETF inflows continue to build…

…and we suspect there is more to come, if the recent surge in global liquidity is anything to go by…

The aggregate open interest in Bitcoin futures surged to a record high on May 20, raising questions about whether bearish positions are now at risk. (more…)

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Coinbase Data Leak Could Put Users In Physical Danger; TechCrunch Founder | ZeroHedge

Authored by Zoltan Vardai via CoinTelegraph.com,

A recent data breach at crypto exchange Coinbase has raised concerns about user safety after hackers gained access to sensitive information, including home addresses.

Coinbase, the world’s third-largest cryptocurrency exchange, confirmed that less than 1% of its transacting monthly users were affected in an attack that may cost the exchange up to $400 million in reimbursement expenses, Cointelegraph reported on May 15. (more…)

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